The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1919-03-31
UNPARALLELED
A5SE IS SHOWN
/. BY j. {. STEEL

NEW YORK. March :n--The tn!sed
states Steel corporation. rom M"S
.ehoos. laboratories and ":'ic'S 49,
men went into the nations ht'i.',,S
service. expended NOR" than S''"-'"' "'"
ON enlargement and Improvement OF i'S
main and subsidiary plants for wax
,,rrnoses. and from the beginning 81 'n'
wsr in 1914 delivered |" tn" 'h'''H
States and the allies l>.iH?.t"" tn''S w
steel according u thu corporation an
rual renort mad" public here ton'sn''
Tho repor. diSclrSeS financial S'r'us'h
without parallel in the lnduSir'a' "'
&4orv of the country. IN" r"ri'"r'' 800" >
current assets n the "'" ~
amountine 20 sSS: 1%6.n$-. aSAlns; n@'
opite $500 ,O00. 900 II, III" IN" 81 80 =
included in the 1919 assets ar" r'|''
amounting to sl,.:.>"H.-"? ana 'i'"'.N'
able securities. including -h""tE h";l'S
: and treasury certihcatS. aS7''7">''7
S27T, .96s.
This showing is considered III" more
,,enoarkablo from ,hr Fact that ";t'HifSS
& ~ ss0S. cS1,104 were $95.aS".SbI uA"cc
chose of 1917. while tho Tt In'"h'" OIL
As1sS.631.S56 was less by SA"I"'.''-.
HOnerations OF the subsidiary com
anies for 1919. as represented ~ pr"
duction and shipment Of prodHc'S' u'''
not equal the totals or the F'S''
wear. due principally. as ~" n'"o GU ~
Syhairman Elhcr, II. Gary. /" S'Fer"
Sa.tbor in the urs; uuaricv and snort
n xe of&nicient labor throughout 'h' u"
&ire year. -,
Volume ,of business by all the e"u1-
.,.nies as represented by their combined
Eoss sales and earnings "Gual!cd -
: Gxai5163 as compared with i I''''t
of s1,sS3. es2.s5e III 1917. !.
The huge expenditure Tor plant o
xAr1nents made necessary. thH Ftpo''
E4oted. by wars demands. inc'""eu -"
ivestment Of $40. 100000 IN saspsH'"S -,
.uhich three 10000 ton vessels n'tN
n,.er completed for the emergency Meet
corporation, while five others nav
haunched and fourteen arc In course OIL
construction on the ways.
Steel deliveries for war purposes De
Hveen August /. 1914. and Decemper o.
1s1S. the period covered by Inc repolN.
which Is part Of the company annual
statement, included 100000 tons 70 'ue
government and private customers 10
+he limited states. T.2@2. $50 tons TO inc
S,,,.s and 2 .042,OTo to the railroad ad-
-,,inistration. In addition. toluol ana
he,zol by-products 70 the extent oi
( % 00o oo6 gallons o1.Q0n.0OD pounds OK
ammonium sulphatc and houor anu
large quantities OF Spclter ana cr'Het't
x,ere produced for tho accoun; OF e"e
associated bellisercntS.
The company expressed the o"'''t ln'S
.s a result of the work nf thu AMERICAN
iron and Steel institute. with whlcn II
and other producers co-operal'o' '"r
governments efforts toward winning
the war were never 20 an lnpoeta"t "
tent lesesened or delayed by lack o. III
ndeouate supply Of steel.
The corporation loaned to the gov
.e-nnent tho report said. many OF us
technical experts and their LABORATORIES
nth the result that on" If its sc;entls'S
designed and supervised the manuiac-
ture Of American gas masks. SUD,
sidiary company rolled practicatIy al
4he steel used in army helmets ano'ner
s +nrned out mounts for the great naEa'
s,,ns fred from railway trans into ',"
! eneuy-s lines in The final m"nthsol tn'
lar and a third sent 10 France an l''-
Soyed type Of American mace s.S
Als- When hosttlitics ceased inc 'o'.'-
nanr had we'll under way the conS'r"c-
fion near Pittsburgh of larg: Pta"'
intended for the manufacture OK i "
rs inch guns and their projcctltes.
The corporation turned over % Ct
government sevc noccan and nv" NCe'''
lakes steamers. and altered and dcliF-
cred at tidewater m Canada the vessels
Communicated on the Great Lakes y!
1he United States shipping board.