Salt Lake Telegram | 1932-04-12 | Page 17 | Faith of Schwab Slips Cog or Two

FAITH AITH OF SCHWAB J SLIPS COG OR TO TWO NEWARK N. N J April Apri 12 iv- iv I ICharles Charles harles M. M 11 Schwab chairman of the board oard of the Bethlehem Betlehem Steel corporation cor cor- showed none of ot the unbounded un- un u. u bounded optimism for which he is noted In discussing steel conditions and ind nd general business at the annual meeting of Bethlehem stockholders today oday He told the stockholders that nev never nevern itt in n his hi 17 years in the Bethlehem neve corporation cor- cor oration has the outlook been as depressing de do de pressing or as unpromising as this thi thi year H However wever as if it to let his ers rs know that he still sti cherishes a strong trong opinion that things w will work workout workout workout out satisfactorily in the long run Iun he ha saId aid I 1 am still sun optimistic a on the out out- out look ook of the country and your you com corn pany 0 In response to toa a question queston raised by j Eugene G. G Grace president of tha tho to company as to the propriety of fore foie fOIe casting dividend action acton on the company's company's com corn pany's preferred stock Mr Schwab declared he was willing to say that he ic would recommend the payment o ohe of the he regular dividend at the board boar meeting scheduled for April Apri 28 Commenting on the company's op orations Mr Grace said the first fis op quarter of 1932 has followed the 1 downward trend bed which prevailed during 1931 The tide is still sti running out he ha J declared it has not turned yet yet out This ml Ti is discouraging but it Is a fact an and we must face it it I Answering inquiries of stockholders stockholder's regarding the preferred stock dividend divi divi- I situation Mr Grace asserted that it is i no flO secret that we are ae not earning preferred dividends dividend no j