United States Steel: A Corporation with a Soul

by Arundel Cotter

PRODUCTION (GROSS TONS)

	1902	1903	1904	1905	1906	1907
Ore mined	16,063,179	15,363,355	10,503,087	18,486,556	20,645,148	22,403,801
Coal mined—not for making coke	709,367	1,120,733	1,998,000	2,204,950	1,912,444	3,550,510
Limestone	1,313,120	1,268,930	1,393,149	1,967,355	2,227,436	2,957,163
Coke	9,521,567	8,658,391	8,652,293	12,242,909	13,295,075	12,373,938
Pig Iron, Spiegel and Ferro-Manganese	7,975,530	7,279,241	7,369,421	10,172,148	11,058,526	10,631,620
Bessemer Steel	6,759,210	6,191,660	5,427,979	7,379,188	8,072,655	7,556,460
Open-hearth Steel	2,984,708	2,976,300	2,978,399	4,616,015	5,438,494	5,543,088
Finished Steel	8,197,232	7,635,690	6,792,780	9,226,386	10,578,433	10,376,742
Cement (bbls.)	486,357	644,286	539,951	1,735,343	2,076,000	2,129,700

	1908	1909	1910	1911	1912	1913	1914
Ore mined	16,662,715	23,431,047	25,245,816	19,933,631	26,428,449	28,738,451	17,034,981
Coal mined—not for coke making	3,008,810	3,089,021	4,850,111	5,290,671	5,905,153	6,705,381	5,271,911
Limestone	2,186,007	3,496,071	5,005,087	4,835,703	6,124,541	6,338,509	4,676,479
Coke Manufactured—Beehive	7,591,062	11,896,211	11,641,105	9,491,206	11,544,840	11,062,138	7,092,792
Coke Manufactured—By-product	578,869	1,693,901	2,008,473	2,629,006	5,164,547	5,601,342	4,081,122
Pig Iron, Spiegel, etc.	6,934,408	11,618,350	11,831,398	10,744,897	14,186,164	14,080,730	10,052,457
Bessemer Steel	4,055,275	5,846,300	5,796,223	5,055,696	6,643,147	6,131,809	4,151,510
Open-hearth Steel	3,783,438	7,508,889	8,383,146	7,697,674	10,258,076	10,524,552	7,674,966
Finished Steel	6,206,932	9,859,660	10,733,995	9,476,248	12,506,619	12,374,838	9,014,512
Cement (bbls.)	4,535,300	5,786,000	7,001,500	7,737,500	10,114,500	11,197,000	9,116,000

	1915	1916	1917	1918	1919
Ore mined	23,669,676	33,355,169	31,781,769	28,332,939	25,423,093
Coal mined—not for making coke	5,828,278	6,162,430	6,942,298	6,354,980	5,937,487
Limestone	5,795,925	7,023,474	6,494,917	5,141,365	5,835,289
Coke—Beehive	9,701,692	12,479,160	11,177,247	9,962,403	5,933,056
Coke—By-product	4,799,126	6,422,802	6,284,428	7,795,233	9,530,593
Pig iron, Spiegel, etc.	13,641,508	17,607,637	15,652,928	15,940,954	13,637,504
Bessemer Steel	5,584,198	7,273,766	6,405,390	5,630,246	4,788,242
Open-hearth Steel	10,792,294	13,636,823	13,879,671	13,953,247	12,412,131
Finished steel	11,762,639	15,460,792	14,942,911	13,849,483	11,997,935
Cement (bbls.)	7,648,658	10,425,600	10,917,000	7,287,000	9,112,000

INCOME AND DISBURSEMENTS

	NET INCOME	NET FOR STOCK	PFD. DIVIDEND	COMMON DIVIDEND		APPRORPRIATIONS	SURPLUS
				RATE %	AMOUNT
1901 (9 mos.)	$84,779,298	$61,395,203	$26,752,894	3	$15,227,812	——	$19,414,497
1902	133,308,764	90,306,524	35,720,177	4	20,332,690	——	34,253,657
1903	109,171,152	55,416,653	30,404,173	2½	12,707,563	——	12,304,917
1904	73,176,522	30,267,529	25,219,677	—	——	——	5,047,852
1905	119,787,658	68,585,492	25,219,677	—	——	26,300,000	17,065,815
1906	156,624,273	98,128,587	25,219,677	2	10,166,050	50,000,000	12,742,860
1907	160,964,674	104,565,564	25,219,677	2	10,166,050	54,000,000	15,179,837
1908	91,847,710	45,728,714	25,219,677	2	10,166,050	——	10,342,987
1909	131,491,414	79,073,695	25,219,677	4	20,332,100	18,200,000	15,321,918
1910	141,054,755	87,407,186	25,219,677	5	25,415,125	26,000,000	10,772,384
1911	104,305,466	55,300,296	25,219,677	5	25,415,125	——	4,665,495
1912	108,174,673	54,240,049	25,219,677	5	25,415,125	——	3,605,247
1913	137,181,345	81,216,985	25,219,677	5	25,415,125	15,000,000	15,582,184
1914	71,663,615	23,496,768	25,219,677	3	15,249,075	——	[E]16,971,984
1915	130,396,012	75,833,833	25,219,677	1¼	6,353,781	——	44,260,374
1916	333,674,177	271,531,730	25,219,677	8¾	44,476,469	——	201,835,585
1917	295,292,180	224,219,565	25,219,677	18	91,949,450	55,000,000	52,505,438
1918	199,350,680	137,532,377	25,219,677	14	71,162,350	——	[F]28,935,350
1919	143,589,062	76,794,582	25,219,677	5	25,415,125	——	26,159,780
1920[G]	177,174,126	110,136,105	25,219,677	5	25,415,125	——	59,501,303

[E] Deficit.

[F] After deducting $12,215,000 special allowance for amortization of war plants.