Chapter XXI: 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.

1901 1911 1913 1919
Iron ore from Lake Superior Ranges 61.6 54.3 50.46 45.94
Total iron ore 45.1 45.8 46.37 42.05
Total blast furnace products 43.2 45.4 45.47 43.97
Steel ingots and castings 65.7 53.9 53.21 49.61
Steel rails 59.8 56.1 55.51 61.96
Heavy structural shapes 62.2 47.0 54.03 43.77
Plates and sheets 64.6 45.7 49.13 44.30
Wire rods 77.6 64.7 58.44 55.42
Total finished products 50.1 45.7 47.81 44.60
Wire nails 65.8 51.4 44.55 51.86
Tin and terne plates 73.0 60.7 58.64 48.44

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 profits 1,699,843,230
Preferred dividends paid (131¼ per cent.) 496,391,722
Common dividends paid (89½ per cent.) 454,908,882
Total dividends paid 951,300,604
Surplus profits 748,542,626
Appropriations for capital expenditures, etc. 280,494,424
Balance of profits carried to surplus account 468,048,202

Summary of undivided surplus:

Surplus or working capital provided at organization $ 25,000,000
Balance of surplus accumulated to Dec., 1919 468,048,202
Total undivided surplus 493,048,202
Appropriated surplus 280,494,424
Total appropriated and undivided surplus 773,542,626

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.

YEAR 4TH QTR. 3D QTR. 2D QTR. 1ST QTR.

1920 95,776 90,952 87,229 83,583
1919 73,318 73,456 74,071 78,018
1918 72,779 65,862 63,507 61,044
1917 51,689 44,789 43,482 42,564
1916 37,720 40,430 41,156 41,910
1915 45,767 51,169 55,907 56,825
1914 52,785 50,195 47,695 47,221
1913 46,460 44,398 41,324 38,679
1912 34,213 34,645 35,106 36,555
1911 35,011 31,472 29,853 29,235
1910 28,850 28,910 24,435 22,033
1909 18,615 16,861 17,342 21,522
1908 21,093 24,804 27,439 29,563
1907 28,435 20,513 18,539 15,975
1906 14,723 14,879 [D]---- 17,525
1905 20,075 [D]---- [D]---- 24,531
1904 33,395 35,706 [D]---- 36,980
1903 37,237 34,997 28,987 26,830
1902 24,636 21,321 19,640 17,723
1901 15,887 13,318 ---- ----

[D] No figures available.

PRODUCTION (GROSS TONS)

=================================================================
| 1902 | 1903 |
--------------------------------------+------------+------------+
Ore mined | 16,063,179 | 15,363,355 |
Coal mined--not for making coke | 709,367 | 1,120,733 |
Limestone | 1,313,120 | 1,268,930 |
Coke | 9,521,567 | 8,658,391 |
Pig Iron, Spiegel and Ferro-Manganese | 7,975,530 | 7,279,241 |
Bessemer Steel | 6,759,210 | 6,191,660 |
Open-hearth Steel | 2,984,708 | 2,976,300 |
Finished Steel | 8,197,232 | 7,635,690 |
Cement (bbls.) | 486,357 | 644,286 |
--------------------------------------+------------+------------+

=================================================================
| 1904 | 1905 |
--------------------------------------+------------+------------+
Ore mined | 10,503,087 | 18,486,556 |
Coal mined--not for making coke | 1,998,000 | 2,204,950 |
Limestone | 1,393,149 | 1,967,355 |
Coke | 8,652,293 | 12,242,909 |
Pig Iron, Spiegel and Ferro-Manganese | 7,369,421 | 10,172,148 |
Bessemer Steel | 5,427,979 | 7,379,188 |
Open-hearth Steel | 2,978,399 | 4,616,015 |
Finished Steel | 6,792,780 | 9,226,386 |
Cement (bbls.) | 539,951 | 1,735,343 |
--------------------------------------+------------+------------+

===============================================================
| 1906 | 1907
--------------------------------------+------------+-----------
Ore mined | 20,645,148 | 22,403,801
Coal mined--not for making coke | 1,912,444 | 3,550,510
Limestone | 2,227,436 | 2,957,163
Coke | 13,295,075 | 12,373,938
Pig Iron, Spiegel and Ferro-Manganese | 11,058,526 | 10,631,620
Bessemer Steel | 8,072,655 | 7,556,460
Open-hearth Steel | 5,438,494 | 5,543,088
Finished Steel | 10,578,433 | 10,376,742
Cement (bbls.) | 2,076,000 | 2,129,700
--------------------------------------+------------+-----------

=================================================================
| 1908 | 1909 |
--------------------------------------+------------+------------+
Ore mined | 16,662,715 | 23,431,047 |
Coal mined--not for coke making | 3,008,810 | 3,089,021 |
Limestone | 2,186,007 | 3,496,071 |
Coke Manufactured--Beehive | 7,591,062 | 11,896,211 |
Coke Manufactured--By-product | 578,869 | 1,693,901 |
Pig Iron, Spiegel, etc. | 6,934,408 | 11,618,350 |
Bessemer Steel | 4,055,275 | 5,846,300 |
Open-hearth Steel | 3,783,438 | 7,508,889 |
Finished Steel | 6,206,932 | 9,859,660 |
Cement (bbls.) | 4,535,300 | 5,786,000 |
--------------------------------------+------------+------------+

=================================================================
| 1910 | 1911 |
--------------------------------------+------------+------------+
Ore mined | 25,245,816 | 19,933,631 |
Coal mined--not for coke making | 4,850,111 | 5,290,671 |
Limestone | 5,005,087 | 4,835,703 |
Coke Manufactured--Beehive | 11,641,105 | 9,491,206 |
Coke Manufactured--By-product | 2,008,473 | 2,629,006 |
Pig Iron, Spiegel, etc. | 11,831,398 | 10,744,897 |
Bessemer Steel | 5,796,223 | 5,055,696 |
Open-hearth Steel | 8,383,146 | 7,697,674 |
Finished Steel | 10,733,995 | 9,476,248 |
Cement (bbls.) | 7,001,500 | 7,737,500 |
--------------------------------------+------------+------------+

=================================================================
| 1912 | 1913 |
--------------------------------------+------------+------------+
Ore mined | 26,428,449 | 28,738,451 |
Coal mined--not for coke making | 5,905,153 | 6,705,381 |
Limestone | 6,124,541 | 6,338,509 |
Coke Manufactured--Beehive | 11,544,840 | 11,062,138 |
Coke Manufactured--By-product | 5,164,547 | 5,601,342 |
Pig Iron, Spiegel, etc. | 14,186,164 | 14,080,730 |
Bessemer Steel | 6,643,147 | 6,131,809 |
Open-hearth Steel | 10,258,076 | 10,524,552 |
Finished Steel | 12,506,619 | 12,374,838 |
Cement (bbls.) | 10,114,500 | 11,197,000 |
--------------------------------------+------------+------------+

==================================================
| 1914
--------------------------------------+-----------
Ore mined | 17,034,981
Coal mined--not for coke making | 5,271,911
Limestone | 4,676,479
Coke Manufactured--Beehive | 7,092,792
Coke Manufactured--By-product | 4,081,122
Pig Iron, Spiegel, etc. | 10,052,457
Bessemer Steel | 4,151,510
Open-hearth Steel | 7,674,966
Finished Steel | 9,014,512
Cement (bbls.) | 9,116,000
--------------------------------------+-----------

===========================================================
| 1915 | 1916 |
--------------------------------+------------+------------+
Ore mined | 23,669,676 | 33,355,169 |
Coal mined--not for making coke | 5,828,278 | 6,162,430 |
Limestone | 5,795,925 | 7,023,474 |
Coke--Beehive | 9,701,692 | 12,479,160 |
Coke--By-product | 4,799,126 | 6,422,802 |
Pig iron, Spiegel, etc. | 13,641,508 | 17,607,637 |
Bessemer Steel | 5,584,198 | 7,273,766 |
Open-hearth Steel | 10,792,294 | 13,636,823 |
Finished steel | 11,762,639 | 15,460,792 |
Cement (bbls.) | 7,648,658 | 10,425,600 |
--------------------------------+------------+------------+

======================================================================
| 1917 | 1918 | 1919
--------------------------------+------------+------------+-----------
Ore mined | 31,781,769 | 28,332,939 | 25,423,093
Coal mined--not for making coke | 6,942,298 | 6,354,980 | 5,937,487
Limestone | 6,494,917 | 5,141,365 | 5,835,289
Coke--Beehive | 11,177,247 | 9,962,403 | 5,933,056
Coke--By-product | 6,284,428 | 7,795,233 | 9,530,593
Pig iron, Spiegel, etc. | 15,652,928 | 15,940,954 | 13,637,504
Bessemer Steel | 6,405,390 | 5,630,246 | 4,788,242
Open-hearth Steel | 13,879,671 | 13,953,247 | 12,412,131
Finished steel | 14,942,911 | 13,849,483 | 11,997,935
Cement (bbls.) | 10,917,000 | 7,287,000 | 9,112,000
--------------------------------+------------+------------+-----------

INCOME AND DISBURSEMENTS

=========================================================
| | | |
| | | |
| NET INCOME | NET FOR | PFD. |
| | STOCK | DIVIDEND |
--------------+-------------+-------------+-------------+
1901 (9 mos.) | $84,779,298 | $61,395,203 | $26,752,894 |
1902 | 133,308,764 | 90,306,524 | 35,720,177 |
1903 | 109,171,152 | 55,416,653 | 30,404,173 |
1904 | 73,176,522 | 30,267,529 | 25,219,677 |
1905 | 119,787,658 | 68,585,492 | 25,219,677 |
1906 | 156,624,273 | 98,128,587 | 25,219,677 |
1907 | 160,964,674 | 104,565,564 | 25,219,677 |
1908 | 91,847,710 | 45,728,714 | 25,219,677 |
1909 | 131,491,414 | 79,073,695 | 25,219,677 |
1910 | 141,054,755 | 87,407,186 | 25,219,677 |
1911 | 104,305,466 | 55,300,296 | 25,219,677 |
1912 | 108,174,673 | 54,240,049 | 25,219,677 |
1913 | 137,181,345 | 81,216,985 | 25,219,677 |
1914 | 71,663,615 | 23,496,768 | 25,219,677 |
1915 | 130,396,012 | 75,833,833 | 25,219,677 |
1916 | 333,674,177 | 271,531,730 | 25,219,677 |
1917 | 295,292,180 | 224,219,565 | 25,219,677 |
1918 | 199,350,680 | 137,532,377 | 25,219,677 |
1919 | 143,589,062 | 76,794,582 | 25,219,677 |
1920[G] | 177,174,126 | 110,136,105 | 25,219,677 |
--------------+-------------+-------------+-------------+

================================================================
| COMMON DIVIDEND | |
+------+-------------+ |
| RATE | AMOUNT | APPRORPRI- | SURPLUS
| % | | ATIONS |
--------------+------+-------------+------------+---------------
1901 (9 mos.) | 3 | $15,227,812 | ---- | $19,414,497
1902 | 4 | 20,332,690 | ---- | 34,253,657
1903 | 2½ | 12,707,563 | ---- | 12,304,917
1904 | -- | ---- | ---- | 5,047,852
1905 | -- | ---- | 26,300,000 | 17,065,815
1906 | 2 | 10,166,050 | 50,000,000 | 12,742,860
1907 | 2 | 10,166,050 | 54,000,000 | 15,179,837
1908 | 2 | 10,166,050 | ---- | 10,342,987
1909 | 4 | 20,332,100 | 18,200,000 | 15,321,918
1910 | 5 | 25,415,125 | 26,000,000 | 10,772,384
1911 | 5 | 25,415,125 | ---- | 4,665,495
1912 | 5 | 25,415,125 | ---- | 3,605,247
1913 | 5 | 25,415,125 | 15,000,000 | 15,582,184
1914 | 3 | 15,249,075 | ---- | 16,971,984[E]
1915 | 1¼ | 6,353,781 | ---- | 44,260,374
1916 | 8¾ | 44,476,469 | ---- | 201,835,585
1917 | 18 | 91,949,450 | 55,000,000 | 52,505,438
1918 | 14 | 71,162,350 | ---- | 28,935,350[F]
1919 | 5 | 25,415,125 | ---- | 26,159,780
1920[G] | 5 | 25,415,125 | ---- | 59,501,303
--------------+------+-------------+------------+---------------

[E] Deficit.

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

[G] Figures subject to adjustment.

THE COUNTRY LIFE PRESS, GARDEN CITY, N. Y.

Transcriber’s Notes

Punctuation, hyphenation, and spelling were made consistent when a predominant preference was found in this book; otherwise they were not changed.

Simple typographical errors were corrected.

Ambiguous hyphens at the ends of lines were retained.

Most of the photographs were printed back-to-back, but in this eBook, they appear on the pages given in the List of Illustrations.

Some footnote anchors in tables were moved to the other side of the cell.

Devices that cannot display characters used in this eBook may substitute question marks or hollow squares.

Pages 310-311: Each of the three “Production (Gross Tons)” tables (1902-1907, 1908-1914, and 1915-1919) was printed as a single wide table, but have been split here to meet width restrictions.

Page 312: Table of “Income and Disbursements” was printed as a single table with eight columns, but has been split here to meet width restrictions.