OCR Text |
Show oo STEEL TRUST DIVIDEND New York, Jan. 30. Directors of tho United States Steel corporation today to-day declared ,the regular quarterly dividend of 1 1-4 pec cent on the common stock. The regular quarterly quarter-ly dividend of 1 3-4 per cent was declared de-clared on the preferred stock. Total earnings for the fourth quarter ending end-ing December 31 wore $23,105,115. Net earnings for the quarter ending end-ing December 31 were $19,978,521, with a surplus not income for the , quarter of ?89,G38. New York, Jan. 30. Directors of the United States Steel corporation meet today to take action on the preferred pre-ferred and common dividends, and to receive the report for the fourth quarter of 1911, which will be Issued after the meeting. That the regular quarterly dividend of 1 1-4 per cent will be declared on the common stock is practically certain. Unusual interest attaches to tho exhibit ex-hibit of earnings for tho last quarter quar-ter of last year. Tho steel and iron I industry, as" is well known, Is pass- I ing through a period of much uncertainty uncer-tainty and most finished products are novv selling at the lowest prices . In some years. It Is expected that the report will show a decline in demand de-mand for December, compared with the month Immediately preceding. Estimates of the corporation's oarn-inga oarn-inga for tho last quarter of 1911 range ( from $22,000.0'rj0 to 25,000 with here ! and 'there some less "favorable Tore-" casts. In the first three-quarters of 1910, the Steel corporation charged off, or appropriated from Its surplus, $20,-000,000, $20,-000,000, with an additional appropriation appropri-ation at the end of tho fourth quarter quar-ter of $6,000,000, of which $1,000,-000 $1,000,-000 went for mining royalties. In the first three quarters of 1911 no appropriations of any character were made. |