Salt Lake Telegram | 1934-04-24 | Page 20 | 50-Cent Dividend Declared by Steel

50 GENT DIVIDEND DECLARED BY STEEL Preferred Shares to Receive Quarterly Payment NEW YORK YORK April Apri 24 IP I other dividend of 50 cents a share oter on the stock of United States Steel corporation was Wi ordered by the board bard today toaY Dividends Dividend at this thi rate have been paid quarterly on the senior shares share since sice January JanuarY 1933 when the rate rat was wa reduced from quarterly The Te corporation reported total earnings of for the first fist quarter quaTer or of 1934 after ordinary opere oper- sting expenses compared with wih 5 for the final quarter of last lat year and ad deficit ot of for tor the March quarter quater in 1933 After interest depreciation depletion tion overhead on iron ore etc et for the quarter was wa 69 compared wih with deficits ot of br the previous three thee months months' month period pero and In i the March quarter lt year ear