All Previous Records Steel Profits Broken
New York reports United States Steel profits break previous records with total earnings of 57,991, net income 2399.48 after federal taxes and war levies. Directors note large federal appropriations include 54,116,250 for current quarter and 32,000,000 for proposed taxes. Dividend details show 1% on preferred and 1% on common stock, with extra distribution.
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Chicago Markets and Grain Prices July 20
Chicago markets report grain and provisions muting on July 20 with corn futures, August at 1.00 and September at 1.55, oats weak, improved hog demand lifting provisions, larger new crop supplies, and steady cash receipts. Shipments liberal, hog prices higher, and various market sentiments tied to war news and weather.
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