Show S. Steel Reports 1942 Production 28 Per Cent Greater Than World War I Peak United States Steel Corporation s Annual Report for reporting attainment of a steel ingot tonnage production 23 per cent greater than in peak year of World War L lias Just been released as production story and a financial story of a great war Production by U S. Steel in of more than net tons of Ingots as well as the manufacture of a flow of entering Into thousands of items used in prosecuting the war were described by Irving S Chairman of the Board of in his review of the year contained in the Corporation's annual victory parade of steel ingots was listed as only one of several principal contributions of U. S. Steel to the war These contributions were as a record volume of steel and other materials needed not only for the fabrication of essential war products but also for the creation of new facilities to make such war products has been produced the technical ability representing many decades of accumulated research and experience has been made available for the requirements of the the construction and operation of vast new facilities for the Government In connection with the war effort have been millions of dollars of U S. Steel's funds have been expended for various facilities c to the war A one-page condensation of the financial record of the Corporation for the year describes in simple language what disposition was made of the received by the Corporation from sales of its products and services during Employment costs of million In 1942 were 25 greater than for the previous 1942 taxes of million were more than In the preceding while dividends to stockholders remained he amount carried forward for future needs of the Corporation was less In Among achievements cited is the development of the airplane landing The serious problem of handling plane landings on hastily built air fields was solved with the war-time invention by Carnegie-Illinois Steel a U. Steel of a landing consisting of portable interlocking steel It was pronounced the development of the year In the field of aviation by the Chief of the Army Air As mass production methods were other companies were licensed to use the and thirty smaller manufacturers are now producing Uiese landing mat sections in The report reveals that In 1942 one Federal Shipbuilding and Dry Dock completed more destroyers for the Navy Department In shorter time than any other shipyard in the A new shin-yard built by this subsidiary for the Navy Department began operations five months after ground was broken A fully equipped shipyard for the production of the latest type of tank landing craft was constructed and Is being operated for the Navy Department by American Bridge another An Interesting comparison of the use of U. S. Steel's own resources and of Government funds for the expansion of emergency facilities undertaken by U. S. Steel from to the end of shows that the ratio of U. S. Steel's investment to the use of Government funds was of its own money to every dollar of Government funds This compares with n ratio for all industry of of private funds to one dollar of Government In this expansion U S. Steel's private investment was as compared with of Government funds making a total of expended in the OFFICE WE BUT AND BILL Office Adding SALT LAKE DESK EXCHANGE 35 Salt GARDEN TRACTOR WANTED Carh for Garden write Boyd C. Mil Dr BoL i S. L LENSES DUPLICATED THE OPTICAL SHOP Boston i. 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