The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1916-03-17
EARNINGS IN STEEL
ARE $726,6S3,5S9
Net for Year $140,250, 066.33,
According to Annual Report
Of Corporation.


80. ,,..
NEW YORK. March 1.-THE United
States Steel CORPORATION. whose net
aaanIn. ~ a., 90 7Ss in the last quar-
W 1880, a,,,,,,,. rocord.
ler OF 1910 Drokc All pTeVio"s 1890,
has made public Its fourteenth annuaH
report for the fiscal year ended Deccm-
ber n last The corporation's business,
.a,.,.,. 49,. -. % n -,holo ala not
uaN'ns '"e 49,, - ,oio h,,, m
come up To the record OF isiV' pul w
precedented strides were TAKEN III w"
development o, ~ -, sm ,ao .,,n ., s,.o,
,,,. 80. w. ",,t,nod no tho cornora- :.
H., s,,.,,.s a. 80 comnnred with
go 20, ~, =, ~ orrosnond,nc wear.
,rtT,. So..,. coin ~ s6o 37o 3o2. or
100 r. 80, o,,,ors on, side Of
- ~, c,". 60, @.arnora,ior IT,
wy, .aas 90 o.. 80, :, r,nd,,cts were
Seh' *'oo'"O-,VO' WITH VI ~ .S.,,t,.,,
sold, while the sales DetWeeh suDSiu'"'S
companies totaled st7S,5I6,46S
Comr.r;aor of Figures.
Gross earnings and receipts OF trans
nortation and miscellaneous companies,
"a 200 Is7 md "a as2 et0 respectiyeIy,
hro,,1,, ,ho ,o,aI sross earnings OF the
corporation up to $126,SsS'os9. TINS COM
pares with S55S 4l4. 1888. the gross earnings
of the corporation during the corre-
spending year The net earnings of the
corporation were $40, $50, 065 20. compared
with tS1, 1851. SO in 1914. a gain Of S5S,-
Goa. 5IS a.
Wall Street estimates that the net
earnings OF the steel corporation for the
n ilTst thTee I'm oRinS vii total in the neigh
borhood OF $50, 100000. II this earning
rate Is maintained throughout me yea year
as 'ne nhanciaI sta onrnnratIon shis
wear will be almost double those of tho
past year.
D.r.rd Exceeds SUNNY.
Gilbert IL. Gary chairman OIL tn'
board OF directors. commenting on the
business of the corporation, says:'
.'Thn i,nnrovemont in the demand for
-. -, ,,..s,,a., r,hIcb hccam.
Irol, anu stee' m,s,,, :, ,otS -
evident beiore the Hlouic Vi 1919 oo"-
tinued In increasing VOLUME throughouI
the remainder of the year. both TOT 90
nestle and the export trace. Ontli INC
latter part OF the year, noMS'el, t I
| advances In the prices received TOT 10
! mestlc business were HoueI i..us S ~ liz
! average selling prices ,eceIFeu III VIZ
year were only snghty III eA'''' -
tn0se lot tne Precious geai, ,to v.ar
| in .ne SiV snn rnrg,,c.s fnr domestic
| .nc ue th "a ioI DTtit,..'S aSoaodaJ The
nroduci D t capaeitT e of the country AMI
pawsod nr,cc pdys1csa The demand for
nrnduc,S Tor aSnort was tho largest for
pr n,. ,aar i ~ he h,stn.v ~ the eorno,a
'iny Or necnmher ri tho unfIled or
| dr. ~ tho srhsid,ary comnnnioI Tor
both domestic and EXPORT trade totaied
| Sos 1Sn tons ~ rolled prolIcts
Maximum Equaled.
"Tbo total production for the year
1918 Of all classes of rolled and other
finished steel products for sale was
equal 10 about 81 pcr cent of the an
nual capacity OF the mills. During
u"' ~ -,h. ,,,,.
the last quarter OIL inc year tnG ou t
put ePuaicu tne maA,n 49,, IT,
dnclhg ctpaclty. me year p,o'uS u n.,h
OF cement WAS ABOUT 81 pcr cent oI Gu
paSity' - -.---,..-, = ,o,, o,..,,,,,.
INC prices received IN 1919, accV' uInS
to Judge Gary based on the totsl ton1
mage OF rolled ana other tlmsheo steei
products shipped. showed, IN respect 81
TO domestic shipments, an increase or "
per cent a ton over the average price
| a ton in 1914. but in respect to export
shipments the increase was Als ton.
and for both domestic and export the
/ average increase was $l.05 ton.
The most remarkable feature of the
| steel corporations business in the last
year was that the increased activity in
|