New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-01
RECORD EARNINGS.
FOR U. 5. STEEL
Extra Dividend of | Per
Cent Declared on Com
mon Stock

Net earnings or the Onlteu otatV9
Steel Corporation for the quarter ended
September 80 established a new high
record. They amounted TO sS5,8l7O67'
compared with ss1 ,126,Ois for the June
quarter, the previous high water marx
The surplus for the quarter was nearly
s52,oOO,OOO.
The directors of the company at thelr
regular quarterly meeting yesterday
declared an extra dividend Of per cent
on the common stock in addition to the
regular disbursement of IA per cent
The extra payment was the same as de-
clared from the earnings Of the second
quarter Stockholders will therefore
receive In dividends from the revenues
Of the September quarter total oil
s17741,725. of which s6,3O4,9ls VIII 60
70 the preferred stock holders and sli'-
.os sos "a the common stock holders
No dividends we're paid on the common
a year ago. E .he
During the first nine months OF 'ne
current calendar year the steel ooi
noration has earned surplus ave-
navuent of preferred DIVIDENDS o.
s1st oo5 ESQ. an increase Of sl4o'Sso'
Eo5 over the corresponding period o.
,ots or ct an annual rate OF 4Z'4S PEI
~. an the s5Os, 1902 800 common STOCK
....rd;r0 The actual percentage
arnsd on the junior shares for the
sina Months was 3l.S7 per cent. Earn
inas for the September quarter were a.
On annual rate of 80 per cent.
Ne. earnings for the Sep'emOel
or+er were on an ascending scare
For July they amounted TO SALES.--FUTURE
for August, s2e ,746,soS, and for sep
.on,her $40 42O,15s. Sinking fund anu o
denreciation charges were $500 ',o'-'
contrasted with sS,O7l,S4S for the JUNG
quarter. e.J Cor
while the United States steel Oo'
ora,,or has made it policy to accept
10 war orders as such, nevertheless IL
owss it's present great prospef!'Y
,arro,v 70 the unheralded demand 1ol
10 products resulting from the confiic'
ohroad The war broke out in the sum
mer Of 1914, but Europe did not begin
to get its steel from this country un'i
almost a year later. The steel LOT
poration reported for the fourth quar-
TOR Of 1914 the poorest earnings OF us
history. The following table, which
gives the quarterly earnings since the
outbreak of the war, shows that no ma
terial gain was registered until the Sec
ond quarter of 1915;
1916. 1915. 1914.
lat quarter. $50, 713, 624 St2, $1,000
"a quarter. 61,126,04S 27,85o,055 -
I'd quarter. s5,si7,o67 3S,7l0.644 s?2'2ae' w oE
4th quarter 0'%''''''
Below is summarized the income &C
count of the September quarter, with
the changes compared with correspond
ing quarter of 1915. Figures for the
nine months are also given:
Net earnings. 1870 wv SFff'SSgf ~S
Sinking fund and de-
depreciation ...... 1O,o14,oo9 5000, o<o
Balance ......... s75, 2o2, 4OS ,43.51s, 7es
Int and sink. fund
United States Steel
bonds ............ 5,6of,233 T.73e,2t7
Balance ......... SOS, 6o1,175 1928, ot5
Preferred dividends. 6,304,e19 Unchanged
Balance .s63, ESQ s45, 25e, ot5
Common dividends 1,436, So6 1885, Doe
surplu. ........s5f, 1855, $50 1892, 2o5
Nine months figures follow:
Net earnings. go. 1921, $50, 739 $t4s, 53a, 231
Sink. fund and de-
Balance ........stse.4 37, oot si37,eos, s2s
Int and sink. fund
United States Steel
bonds ........... 1s,ete,e3s $685., 2s4
Balance ...... .stso. 800, so7 $40. sso, 62s
Preferred dividends. 1s,s14,757 Unchanged
Balance ......... s16t, so5,55o $40. $50, 525
Common dividends. 29,217 1893 29,217,3e3
Surplus ........s132,67s.157 stt,7s3, 1872