The United States Steel Corporation a Study of the Growth And Influence of Comb
The United States Steel Corporation a Study of the Growth And Influence of Comb
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In our eReader you can find the full English version of the book. Read The United States Steel Corporation a Study of the Growth And Influence of Comb Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book The United States Steel Corporation a Study of the Growth And Influence of Comb
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66 THE UNITED STATES STEEL CORPORATION [288 Carnegie organization ; and in the Chicago region, the Fed- eral Steel and American Steel and Wire companies were naturally uneasy.
^ The results of this threatened competition would obvi- ously be ruinous to most of the concerns involved. Heav- ily over-capitalized, as most of the companies were, and fortified by very inadequate reserves, such competition would mean decreasing profits and the passing of dividends. As a consequence of this there would... be a heavy fall in the value of steel stocks. Industrial warfare, too, demands new appliances, and these could only be secured by issuing bonds or by increasing the floating debt. The interests in control of the consolidations strove in every way to avert the impending calamity. Coupled with these interests were the interests of underwriters and promoters who still held large amounts of stock which they had been unable to sell to the public, and thus to reap the large profits upon which they had counted.
What to read after The United States Steel Corporation a Study of the Growth And Influence of Comb?
You can find similar books in the "Read Also" column, or choose other free books by Abraham Berglund to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
66 THE UNITED STATES STEEL CORPORATION [288 Carnegie organization ; and in the Chicago region, the Fed- eral Steel and American Steel and Wire companies were naturally uneasy.
^ The results of this threatened competition would obvi- ously be ruinous to most of the concerns involved. Heav- ily over-capitalized, as most of the companies were, and fortified by very inadequate reserves, such competition would mean decreasing profits and the passing of dividends. As a consequence of this there would... be a heavy fall in the value of steel stocks. Industrial warfare, too, demands new appliances, and these could only be secured by issuing bonds or by increasing the floating debt. The interests in control of the consolidations strove in every way to avert the impending calamity. Coupled with these interests were the interests of underwriters and promoters who still held large amounts of stock which they had been unable to sell to the public, and thus to reap the large profits upon which they had counted.
What to read after The United States Steel Corporation a Study of the Growth And Influence of Comb?
You can find similar books in the "Read Also" column, or choose other free books by Abraham Berglund to read onlineMoreLess
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