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United States Steel: A Corporation with a Soul

by Arundel Cotter

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Appendix — Comparative Production

Table showing percentage of total steel and iron output of the United States produced by the U. S. Steel Corporation in the years 1901, 1911, 1913, and 1919. Figures for 1901 and 1911 are from the exhibit in the dissolution suit and for 1913 and 1919 from the reports of the American Iron & Steel Institute.

1901191119131919
Iron ore from Lake Superior Ranges61.654.350.4645.94
Total iron ore45.145.846.3742.05
Total blast furnace products43.245.445.4743.97
Steel ingots and castings65.753.953.2149.61
Steel rails59.856.155.5161.96
Heavy structural shapes62.247.054.0343.77
Plates and sheets64.645.749.1344.30
Wire rods77.664.758.4455.42
Total finished products50.145.747.8144.60
Wire nails65.851.444.5551.86
Tin and terne plates73.060.758.6448.44

Summary of earnings and distribution thereof since organization:

Net profits from April 1, 1901 to December 31, 1919$1,732,070,796
Deductions; special reserves, etc.32,227,566
Balance of profits1,699,843,230
Preferred dividends paid (131¼ per cent.)496,391,722
Common dividends paid (89½ per cent.)454,908,882
Total dividends paid951,300,604
Surplus profits748,542,626
Appropriations for capital expenditures, etc.280,494,424
Balance of profits carried to surplus account468,048,202

Summary of undivided surplus:

Surplus or working capital provided at organization$ 25,000,000
Balance of surplus accumulated to Dec., 1919468,048,202
Total undivided surplus493,048,202
Appropriated surplus280,494,424
Total appropriated and undivided surplus773,542,626

Table of number of common stockholders as shown by the Corporation’s books each quarter since organization in 1901. These figures indicate how the Corporation’s junior stock has been widely distributed and how it has grown in favor with investors in recent years particularly.

YEAR4TH QTR.3D QTR.2D QTR.1ST QTR.
192095,77690,95287,22983,583
191973,31873,45674,07178,018
191872,77965,86263,50761,044
191751,68944,78943,48242,564
191637,72040,43041,15641,910
191545,76751,16955,90756,825
191452,78550,19547,69547,221
191346,46044,39841,32438,679
191234,21334,64535,10636,555
191135,01131,47229,85329,235
191028,85028,91024,43522,033
190918,61516,86117,34221,522
190821,09324,80427,43929,563
190728,43520,51318,53915,975
190614,72314,879D——17,525
190520,075D——D——24,531
190433,39535,706D——36,980
190337,23734,99728,98726,830
190224,63621,32119,64017,723
190115,88713,318————

PRODUCTION (GROSS TONS)

190219031904190519061907
Ore mined16,063,17915,363,35510,503,08718,486,55620,645,14822,403,801
Coal mined—not for making coke709,3671,120,7331,998,0002,204,9501,912,4443,550,510
Limestone1,313,1201,268,9301,393,1491,967,3552,227,4362,957,163
Coke9,521,5678,658,3918,652,29312,242,90913,295,07512,373,938
Pig Iron, Spiegel and Ferro-Manganese7,975,5307,279,2417,369,42110,172,14811,058,52610,631,620
Bessemer Steel6,759,2106,191,6605,427,9797,379,1888,072,6557,556,460
Open-hearth Steel2,984,7082,976,3002,978,3994,616,0155,438,4945,543,088
Finished Steel8,197,2327,635,6906,792,7809,226,38610,578,43310,376,742
Cement (bbls.)486,357644,286539,9511,735,3432,076,0002,129,700
1908190919101911191219131914
Ore mined16,662,71523,431,04725,245,81619,933,63126,428,44928,738,45117,034,981
Coal mined—not for coke making3,008,8103,089,0214,850,1115,290,6715,905,1536,705,3815,271,911
Limestone2,186,0073,496,0715,005,0874,835,7036,124,5416,338,5094,676,479
Coke Manufactured—Beehive7,591,06211,896,21111,641,1059,491,20611,544,84011,062,1387,092,792
Coke Manufactured—By-product578,8691,693,9012,008,4732,629,0065,164,5475,601,3424,081,122
Pig Iron, Spiegel, etc.6,934,40811,618,35011,831,39810,744,89714,186,16414,080,73010,052,457
Bessemer Steel4,055,2755,846,3005,796,2235,055,6966,643,1476,131,8094,151,510
Open-hearth Steel3,783,4387,508,8898,383,1467,697,67410,258,07610,524,5527,674,966
Finished Steel6,206,9329,859,66010,733,9959,476,24812,506,61912,374,8389,014,512
Cement (bbls.)4,535,3005,786,0007,001,5007,737,50010,114,50011,197,0009,116,000
19151916191719181919
Ore mined23,669,67633,355,16931,781,76928,332,93925,423,093
Coal mined—not for making coke5,828,2786,162,4306,942,2986,354,9805,937,487
Limestone5,795,9257,023,4746,494,9175,141,3655,835,289
Coke—Beehive9,701,69212,479,16011,177,2479,962,4035,933,056
Coke—By-product4,799,1266,422,8026,284,4287,795,2339,530,593
Pig iron, Spiegel, etc.13,641,50817,607,63715,652,92815,940,95413,637,504
Bessemer Steel5,584,1987,273,7666,405,3905,630,2464,788,242
Open-hearth Steel10,792,29413,636,82313,879,67113,953,24712,412,131
Finished steel11,762,63915,460,79214,942,91113,849,48311,997,935
Cement (bbls.)7,648,65810,425,60010,917,0007,287,0009,112,000

Notes

D No figures available.

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