Salt Lake Telegram | 1933-04-25 | Page 12 | United States Steel Declares Dividend

UNITED STATES STEEL DECLARES DIVIDEND NEW YORK April 25 h tors of the United States Steel corporation corpo- corpo ration today ordered disbursement tl a dividend of 50 cents on the shares as they did months ago Deficit for the first quarter of 1933 after ordinary operating expenses was compared with 38 1 in the previous three months months' nod and in the like of 1932 It wa sin the first qua ler ter of 1932 that the big for the first time in the depressing reported a deficit from operation and just a year ago that common f. dl were discontinued for the first time since 1915 f 4 Dividends on the preferred stock are cumulative at a share qui terly and three months ago this payment payment pay pay- ment was made only in part the first tot sue in the company's his his- tory CJ After interest deductions for dV de predation depletion overhead expenses ex cx- on ClIfton iron ore properties et eta the total deficit for the first quarter cf ct this year was In contrast to in the previous ter and in the like Ilk period of last year jj The Thc preferred dividend is payable May 29 to to- stockholders of of record May Mayl 1 I