The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-03-17
u. s. STEEL SURPLUS
S~44,26O,S74 IN 1915
Great Gains Made After Dark
Opening Of Year With
$16,971,08I Deficit.
1871, 573,458 IN DIVIDENDS

Starting in 1915 with earnings during
the first quarter Of si5.Os2.3s?, which
wore second 20 the smallest IN any
quarter since 1910 and were s5.3ss.6fe
less than in the same period IN the
preceding year. the United States Stce,
Corporation. according to its report.
closed the twelve months ended Decen-
Der 81 with a surplus net income Of
$+4.2SO.374. as against "A deficit Of
1851 1854. This was left after divi-
bends amounting to s3I.hT3,45S had
been paid from a balance OF s75. 06s .ota.
II was equivalent to 997 per cent
earned on the $5OS. 3O2,5oO common
stock. as compared with $50 per rent.
earned on the same stock in the year
before.
Tho Steel Corporation has author zed
programme of new construction which.
Il Is estimated. will call for the ex-
penditure OF about $75. 900. 900 during
1915. During last year sI5.337.432 was
spent for additions to the properties.
new construction and development work.
Total net payments on capital account
since tho organization of the corpora
ton have been s653.495, 1855.
With gross receipts in 1915 amounting
TO ~s72s.6S3.Ss9. as impaired with s55s..
t4,934 in 1914. the figures for the year
are fourth from the largest in the his
tory OF the corporation. In 1913 tho
gross receipts were s7e6. sei.29s and in
1912 they were $7i5.505.515. The
figures were larger In 1907. In spite
vi this fact expenditures for ordinary
maintenance repairs decreased
S461.534. or IL per cent. rs comma red
with the preceding year. while extraordi-
nary requirements were sI.53S.4Is. or
S0.6 per cent. less.
Record Export Demand.
The demand for products for export
during the year was the larges, in any
year In the history of the corporation.
while the demand for products for the
domestic trade FOR future delivery was
greater than the production OF the cour-
try and price advances resulted.
The total value of the domestic busi.
ness done was s39l.ISS.Gsl az arains,
sS31,it4,o52 in the preceding year. or an
increase Of s5S,74i.so9 which is equal
60 1873 per cent. while the Increase in
export business was s52.31g.30a. from
F''''0''''"' UT i--'f per
amounted to $570,3l4.922, as compared
with S'6o.4s5.S5O in the preceding year
and s610.3s3.5l1 in 1918. while miscel-
ianeous income WAS s3.504.2 26. as COM
pared with $234.l71 In the year before
and $Il4.021 two years ago.
The net earnings In 1915 showed an
increase ot $2t,So4Sfs. They were
. -
Ss.,so'.so'' as against s1l,5t3,6lJ in
ioi4' Inc pond ana mortgage debt Of
the corporation was decreased f0.6I2.-
A"o. from sb2I.o45.ll2 to $tl6,i32 200.
The company had cash on hand on
December 81. 1915. amounting 20 $9i-
"S3.sV4. ~ against &tl .?G3.@kI. an in
crease OF S32.l2O.ol1. Expenditures de-
creased 81 1881.
During the year about l9l,12s en-
'ployees worked for the United States
Steel Corporation. an increase of II.1,3
over the number employed In 1914. They
were paid sl16, 500. s6+. an incerase OF
Sl4.+20. 95s.
23.68O,0 Tons Of Ore Mined.
A.. ..o.-
~. ,,wa - ''ne VI ore "ds
.' 80. .Io"'"s' WIN
- ~ - no' nan ",''"'"o"
.on : a t"'"'oes o t"e corr
pn.a..oh rloaueeu l','+l'o's tons
"tS".s' lv'"o.'''' ~ me PI'''hlne year,
~ to.p'"','S to"s s'eei 'n.ots ""fe
"e""''a .,o.n.f'"' i"t'' sVeti
-,'fo,i.. lonS from -
'n,.''- ~ i'f " i''''-'''' IONS IN
10, nc '"~IPot"."n increased me
nuIIper vi !.s pi'sI tu'h'''S dufIilg the
'en " - 70 -
Ebert n. Gary. chairman Of the board,
o. s,ua, ~ ~ ur."%'.'
c.m. oxida,, h.for. ,b. ,,IddIa NV" .r.
nnn,r,aa ia ;,rraa.,'r ,.,n"
~, ~ nda, -. "uu ~
81 an,,aa 49,, ,h. ]
-. ,a,,.r n,r, ~, ,n. ,na, nn", ~ 49,
aI,anoas ~ w. 'na NV
80, hrs ,,.Inn ~ ~
.,ara,. ..IIira nr,o.. ,.n,frn, e. e., "o
- "a n" s,i.h,,,, g. Wv,
-, g. ,ha n.nn
u -, ,' :,
co. ,0.. 90. ,ba 49,. - ~,
da,i,o. ,ooia, ~
1919 =, 49, nn,r" Nv p.u'," a.
- .rh. tn,na,, ,o' nrnd,,. =.
vnor. a ~ ,,r,,., ,nr &c ,aa -
th. hts,"r,. ~ M. c,rn,r,,inn A., n.
auhar ~ Ia,5 ,h. Wr,Itad nd. ~
49, s,,hsa.r no,,,a ni"s o., 80 n,
nu,as,;o ard axnnr, ,,,I. ,o,,ua, SEA,
sea 60 ~ ,o,,aa nrnd,c,s
..rso ,n.n, nroI,c,io, for -. ,o,r
az ali o,ausa, ~ rol,ad 49,, uar