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Show UNITED STATES -I STEEL COMPANY ANNLALREPORT NEW YORK. March 30. The United Stales Steel corporation, from whose shop., laboratories and offices 34.407 men went into the nntlon's military service, expended more than 5302, 000.-000 000.-000 on enlargement and improvement of its main and subsidiary plants for war purposes and from the beginning of the war in 1914, delivered to the United States and the allies 18,439.460 tons of steel, according to the corporation's corpo-ration's annual report made public here tonight. The veport discloses financial strength without parallel In the industrial indus-trial history of the country, the corporation's corpo-ration's current assets at the end of ll91S amounting to $883,136,082 against not quite $8oO.OHi ih'iO at the end of 1917. Included in the 1918 assets are cash amounting to $173,806,259 and marketable securities, including liber tj bonds and treasury certificates ag-gn ag-gn gating $277,745,969. This showing is considered the more remarkable from the fact that earnings earn-ings of $208,281,101 were $95,880,367 under those of 1917, while the net In come of $158,631,856 was less by $86. 107,052. Operations of the subsidiary com panies for 191S, as represented by production and shipment of products did not equal the totals of the pr i d. ing year, due principally as pointed out. by Chairman Elbert II. Gary, to severe weather in the first quarter and shortage of efficient labor throughout the entire year j Volume of business by all the companies, com-panies, as represented bv their com- ;bined gross sales and earnings, equalled $1,744,312,163 as compared with a total of $1,683,962,552 in 1917 The company expressed the belief that as a result of the work of the American iron and steel institute, with I which it and other producers co-oper ated, the government's efforts toward winning the war were never "to an im-portnat im-portnat extent" lessened or delayod by lack of an adequate supply of steel j The corporation "loaned" to the government, gov-ernment, the report said, many of its technical experts and their laborator- jies, with the result that one of its scientists designed and supervised the manufacture of American gas masks, la subsidiary company rolled practical- lly all the steel used in army helmets, another turned out mounts for the great naval guns fired from railway trains and a third sent to France an 'improved type of American made gas jshells. When hostilities ceased the company had well under way the construction con-struction near Pittsburg of a large .plant Intended for the manufacture of 12 to 18. Inch guns and their projec . tiles The corporation turned over to the ; government seven ocean and five Great Lakes steamers and altered and delivered at tidewater in Canada the vesels commandeered on the Great Lakes by the United States shipping ' board, i Big Land Deal Denied LOS ANGELES. March SO Ranch properties ot the California and Mexican Mexi-can land company are owned by a group of Los Angeles capitalists and bankers. They include it is said, one ranch of ten thousand acres, situated In the Imperial valley, and several separate ranches, totalling almost 800,-000 800,-000 acres in Lower California. When established, the raising of cattle was the principal business of the company, but several thousand head of cattle were stolen by Mexican bandits and the property tor a large part was turned to the production of cotton. Officials of the company repeatedly have denied any attempt was being made to dispose of the land to a Japanese Japa-nese syndicate and these denials were supported recently by a statement of M. Ozawa, secretary of the Japanese fanners association of Imperial valley, val-ley, at Brawley, Cal.. categorically denying de-nying that negotiations wrre pending for the purchase of the land. Il stated that .several years ago an effort was made to purchase the properties but the plain failed of consummation. no |