The Archive · 1938

Us. Steel to Borrow

$50,000,000

New York, Feb, 1.

'The United States Steel' Corporation will "borrow $50,000,000 from several New York, Chicago and Pittsburgh banks for new construc tion projects in 1938, it was announced here to-day.

'The "announcement said that the loans would mature in one, two and three years. Some of the' construe tion projects are already underway, the Corporation revealed,"

The Corporation's total 1928 expenditure for new construction Is expected to" be $8,000,000—United New York, Feb. 3.

'A seat on the New York Stock Ex-

setting a new low for the past 20 change sold for $50,000 here to-day, years. The price was $6,000 below the previous seat sale—United Press.

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

Your account