Show BETHLEHEM STEEL I OMITS DIVIDEND NEW EW YORK July 25 tirs rs ot of the Bethlehem Steel cor- cor cor corporation omitted the quarterly of ot 1 tl 25 on the common sharps harps after aUer three months of ot stead stead- steadIly steadIly steadily ily declining operations During the second quarter ot of the ear car a 0 of ot only Insufficient cleat to 10 cover er common I were earned sion Oms of ot the regular payment Colin ed the decision ot of the board that the strong cash h position ot of the company should bo be main main- maintained abed and that Interests ot of the s security holders 1 should hould be prom promoted oleO by not draw draw- drawing lug ing on surplus at this time that the second quarters quarter s earnings were quit alent to only 11 cents a share on the lon con stock contrasted aith Ith 1 9 31 91 In the first quarter H I E ELewis ELewis Lewis vice president ot of the cor- cor corporation cor corporation said hit operations hd steadily decreased throughout the period until at the end ot of o June the rate rato rat was only 30 per cent ot of Except for tor a 0 brief pe- pe pe period nod In 1921 this was as the lowest rate the corporation had experienced experienced since 1914 An Improvement In demand and also In operations recently has occurred he asserted and and It Is belle Cd that the low point In Ute the present severe evere depression has hu been passed assed especially since fundamental tal tel tal conditions are ama sound |