Rensselaer Semi-Weekly Republican, Volume 39, Number 26, Rensselaer, Jasper County, 27 November 1906 — Prosperity of Steel Trust. [ARTICLE]

Prosperity of Steel Trust.

The directors of the United States Steel corporation, at their regular quarterly meeting, continued the dividends on the common stock at the annual rate of 2 per cent. They reported net earnings greater than for any similar quarter in the history of the company, and more unfilled orders on hand than ever before. The net earnings for the quarter were $38,114,624, and the unfiHsd orders were for 7,936,884 tons. Chairman Gary said that the company would begin steel manufacturing at the new town of Gary in the spring of 1008. He said that the plant at that point would cost $75,000,000, or so jnuch more as may be necessary.