The Archive · 1937

Bethlehem Steel Corp

DECLARES DIVIDEND

New York, July 29.

A dividend equivalent to $1.50 per common share was to-day declared by the Bethlehem Steel Corporation, compared with $100 per common share for. the corresponding period of last year. x The net income of the Corporation for the quarter ended June 30 amounted to $10,023,000, equal to $256 per share, compared with $049 during the corresponding quarter of the previous year; for the half year the Corporation earned $18,317,000, equal to $4.57 per share, compared with $0.17 per share for the corresponding period last year.

Unfilled orders on June 80 amounted to $146,217,000, compared with $89,562,000 during the corresponding period of last year.

Current operations are placed at 86.0 per cent of capacity, with the average for the quarter at 929 per oomt compared with 662 per cent. for the corresponding period of last year.—Reuter.

London, July 29.

The early publication of the pro~" posals Yor the milk industry, which will require legislation, and of a statement on the poultry industry, was promised by the Minister of Agriculture, Mr. W. S. Morrison. when he told the House of Commons at question time to-day that the Government had given careful consideration to the difficulties of the bacon industry, which appeared to be attributable in part to the increase Of pig feeding costs and in part to ihe high costs of bacon manufacture in the United Kingdom.

They believed that if the industry were founded on a small number of efficient factories provided with adequate and regular supplies of pigs of good quality and conformation, sufficient economies could be secured in the cost of curing to enable the industry to be maintained during periods of high feeding costs, The Government accordingly would be willing to propose that some assistance should be accorded to the industry over a sufficient period to enable a contract system for a supply of bacon pigs to be re-established. If they were assured that the reorg ganization of bacon factories would se proceed as to hold promise of a reduction in! curing costs which wouri enable both producers and curers to work at a profit.

The Government desired to give further consideration in consultation with the industry to the nature of the changes required and the form they should take, with a view to laying detailed proposals before Parliament as early as possible. Meanwhile the present arrangements for the regulation <t imports would continue—Wireless through Reuter,

Text read from the printed page and cleaned; old type leaves the occasional error.

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