Show 1 1 I HIGHER STEEL WAGE AOE FORECAST NEW YORK Oct 28 Tm RI-Tm- T Im Impressed pressed by an Important third quarter quarter quare ter increase In earnings of ot the United States Steel corporation Wan Wall street focused its interest Wednesday on a l promised revision in the huge industrial units unit's wage scale Rumors that an Increase In pay for the lower salaried categories of or workers was Impending had been current for weeks before yesterdays yesterday's board meeting at which net Income for the September quarter was re reported cc- cc re-I re ported at the largest for forthe forthe the period since 1930 In the same three months last year there was waa a deficit of f Directors of Gf United States Steel Stee l corporation Tuesday declared a divIdend dividend div div- of 75 a share on the preferred preferred preferred pre pre- stock representing the regular regular regu regu- lar for or the quarter and 2 on account of accumulations It is payable November 28 to stockholders ers of ot record November 2 There was vas an accumulation of ot 1825 in dividends on the stock Other steel companies reporting large increases in income in the September quarter included Inland Steel net income against last year Jones Laughlin net earnings 1 compared with and Youngstown Sheet and Tube net profit prom of 23 against |