Show STEEL TEE TRUST TR ST EARNINGS I Falling Off For the First I I of the Present Year ef of Net N fork tork April AprI to a M Mt statement t given out today by the board of directors the net earnings ean of the United States Steel corporation for the tile first ant quarter of the calendar year March estimated after dedication of outlays for M repairs renewals ne maintenance of plant interest on en 4 n honda bonds and fixed Charge were wert The net earn earnIngs Ings for the first quarter last lut year were WT t l showing a decrease for the quarter tI arter this year of LaIC After Alter de do deducting d dode de ducting ing amounts set aside for fer sinking Ine funds depredation and reserve funds there was wu a balance of net earnings for to fo the quarter of mat lit There was waa a further deduction for interest on the cor Or corporation corporation bonds bond sad aDd staking sinking funds fun a for fey the sea same honda bonds leaving a balance of lIt Writ After paying payI dividends on the preferred and common stock 5 there was waa left un undivided divided divId profits for the Quarter of aM K quarters earnings show how a ad de decrease crew crease and in a footnote the decrease as a compared pared with the same aIDe period last aut year was attributed largely to the rail ran railroad road rt congestion which prevented prompt delivery Unfitted l orders Iden on the books blacks for tOt manu inane manufactured manuta ta products April 1 I were ere tons to The preferred dividend is I pay payable payable payable able May lay 15 1 the common June IS a |