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Show NEW YORK, Sept. 21. It was reported re-ported today on excellent authority that the matter of dissolving and reorganizing re-organizing of the United States Steel corporation is receiving the earnost attontion of the department of justice ond the legal representatives of the so-called "billion dollar trust " There is ground also for the assertion asser-tion that the steel corporation is making mak-ing a strenuous effort to meet the demands de-mands of tho government, but by reason rea-son of the complexity of the situation little hoadway has beon mado Represents Gigantic Task. To those who have followed tho operations op-erations of the United States Steel corporation since its Inception a decade dec-ade ago, the work of disintegrating and reorganizing the largest industrial combination ever organized represents a task of gigantic proportions. Many of the subsldarles which helped to make up the corporation have lost practically all semblance of their original orig-inal solves and In the opinion of dispassionate dis-passionate observers it would be well-nigh well-nigh Impossible to restore original equities. It 1b a matter of 'common knowledge that a large part of tho $500,000,000 common stock originally represented little more than bonuses, or water. On tho other hand, it has beon admitted by government Investigators that much of this Inflated value has been replaced In recent years by moneys taken out of earnings. In fact, tho report of the depart- - J '- '-1 , ---. - T-rrr ' raent of commerce and labor bap practically prac-tically fixed upon a value of $60 for the common sharoa because of the millions mil-lions put Into now construction, betterment, bet-terment, depreciation, etc Quite apart from the legal obstacles which are said to beset the part of the , United States Steel corporation, It is evident that trade conditions aro distinctly dis-tinctly adverse For the last three months such new business ah tho company com-pany has received has beon at marked price concessions. This, of course, Is true of the many Independent com panies, but the latter have had an advantage ad-vantage in the fact that thoir wage schedules wero generally lower than those of the big corporations. The common and preferred shares of tho United States corporation wero subjected to a Bevere attack in today's to-day's stock market by reason of the various -rumors affecting the corporation corpora-tion On sales approximating 576,000 shares the common stock registered n not. loss of over 5 points, while the preferred shares declined almost as much. |