Show I I STEEL J 40 Per Per- PerCent Cent Bonus Pa Paw 5 by Stockholders NEW YORK April 18 AP SIo AP Sti holders of the United States today ratified an common stock from fo SJ to provide for foi the 49 41 pert stock lock dividend thereby raising th lisa tt j capitalization to preferred stock The management of the corpora presented proxies for 2 82 share preferred and otic men tock stock more than two thirds maHy ma Hy lOg of each class required under thou the ot of New Jersey to change lh cha capital The number of represented 6 per cent of the p fer stock outstanding and 81 percent the common The attendance at meeting which was held at J. J set a record The name of President Coolidge pear In the list of o corporation credited with 50 so share common the tWe same game as he held la lasty tj George F. F Baker holds common against hid held las y yand and shares of preferred flit sir George F F. Baker Jr was wag revealed a as 1 0 Sag Ing Increased his bis holdings froni share of In 1926 to today codOy M. M C C. Taylor was shares of common t shares last year Elben Elbert H H. Garys hr lags Ings of common decreased shares to and of prefer to 1895 1995 The authorization of the 40 Pr pJ stock dividend marks the first time steel corporation has distributed stockholders through some of Its surplus earnings in the property The corporation La one of two corporations in the w. w having capital stock In bulb do figures tb other being be Amen Amer Telephone Telegraph compan NV No Intimation of dividend policy policy feeling the new Issue lesue has been made It ii Is widely believed Wall ia a thA the th t 7 7 r rate 4 at established t T bli h v 0 thA the th t 7 7 r rate 4 at established t T bli h v 0 e e es a s ed in then existing common stock nUi by the corporations corporation's financial ditto and earnings common stock In 1926 amounted 1799 a share of common against 1216 in 1926 7 Directors of the corporation were ere elected JIM While dividend action on ne new f nt will not not be taken until the Ibe d meeting April 26 20 Chairman i I think It Is fair to dividend on the new of i Cock I probably be at the annual rate rate 7 cent We propose to do what we hy ev to do because we we can afford to Chairman Gary said IBM There has hag been some come talk about abou resigning fie he continued but know any more about this Barring ill health the resigning a ai chairman of States Steel corporation is hands bands of ot the stockholders who whO are arel entitled to select whom 1 choose to represent them I t might state elate that I am very at alive now m |