Steel Notes

Bethlehem Steel directors met last week. President Eugene G. Grace told them that the corporation's income the last six months was $11,213,873 ($7,494,707 in 1925) or $4.36 a share on common ($2.93 in 1925), that orders on hand June 30 were $50,010,117 ($59,390,376 Mar. 31; $50,342,813 June 30, 1925), that production was at 72% of capacity (56% last July). Directors made no move to resume Bethlehem common dividends payments.

Cyrus Stephen Eaton, Nova Scotian, now of Cleveland, worked last week on the $80,000,000 merger of the Central Steel Co. of Massillon, Ohio, and the United Alloy Steel Corp. of Canton, Ohio. Their combined ingot capacity will Approximate 1,400,000 yearly. They will be the sixth largest steel corporation in the U. S., the very largest specializing in alloy steels.