| Show GARY GARY EXPECTS BETTER C TIMES Extra Dividend on Com Corn Cornmon Common mon Steel Stock Raps pessimists NEW YEW TORK YORK July 30 Despite a perceptible slackening In steel In the second quarter of oC the year er directors of the s Steel corporation Tuesday d declared an extra dividend of 50 centS nta on the common shares for forthe forthe forthe the third successive quarter In ad- ad to the regular dividends of 1 25 a shire re on the common and andI 1126 I 1 1176 76 75 a share on tho the preferred tocks stock Total earnings of the corporation amounting to while al- al 1 most finest below those thoo of o the tho preceding three months were bow bow- over how ever ver about 6 t 6 above abose pre pre- preliminary pre preliminary estimates made In the tI- tI f fi financial I- I district Confidence In t tie the e business ou out out- out outlook look hook of the c was expressed bY B E H Sam Gar chairman of th the United States Steel co corporation after aner the meeting of directors director I I mad made n a a statement early In April that I believed helleved that as soona soon had oc- oc oc occurred 18 I a as the presidential election an and at least a month before we would have havo good business In iii Inthis inthis this country countr 1 Mr Mm Gary said If ItI I were to make mako a R prediction at the present time I would not chan change e materIAllY what I then acid An Immediate settlement of thu reparations questions Mr Ir G try declared would have hove a fa effect on the he world 5 a business Fall Fail Failure all ure to reach a settlement proba probably bly would not have base a decidedly ad- ad wj ad-wj iJ rJ ve verse e effect but would be harmful t as the days and months go by It takes tales less leas now to busi bust busIness bustness business ness favorably than to affect It ad- ad ad adversely The tendency Is forward forwar l onward and this Is particularly true with Ith the tho United Slates States Poli Poli- Politics Poli- Poli Politics Politics tics may Interrupt but cannot for forIon forlong forlong Ion long hold back natural and reason reason- reasonable able able progress In this count countr What W hat every reasonable person dl desires the steel official explain explain- explained explained ed Is economic progress and ond pros pros- prosperity prosperity because comfort and ond happi ppl happiness ness nellS depend upon them At the same sante time we must remember some orne people talk taUt and act as Is though they would like to see adversity and ond andt 1 failure It Is not nece necessary for us to give heed h to or place any re- re reliance re reliance liance upon that class claas of Individuals 00 |
