SPECIAL REQUIREMENT EXTRAS

Maximum Tensile Strength over 72,000 lbs. per sq. in., when specified for plain carbon structural steel:-Extras for necessary silicon and for necessary maximums of carbon and/or manganese apply.

When ladle maximums for Carbon and/or Manganese and melt physical tests are specified_-_

Outside Inspection: When additional handling for foreign or outside inspection is specified or required__-

Special Discard specified to an amount not to exceed 40%‒‒‒‒
Incidental Elements: Any limiting requirement or request for reporting
the incidental elements of Copper, Nickel, Chromium, Molybdenum‒‒‒‒
Segregation Tests: Segregation tests involving check analysis---‒‒‒

.10

.10

.40

10

.25

EXTRAS FOR SPECIAL MARKING

For any individual piece marking specified or required by purchaser, other than standard mill marking, the following extras will apply:

A character is a graphic symbol of any sort, such as a letter, figure, horizontal line, dash, diagonal line, punctuation mark, or other symbol or mark.

SPECIAL MACHINE STRAIGHTENING EXTRA

Closer than standard tolerances, subject to agreement between seller and purchaser--

PAINTING EXTRAS

25 min.

Quality of paint-20 lb. of red lead to one gallon of linseed oil, or the equivalent in price of paint and cost of application.

Structural sections 3'' and over-Angles, Beams (Standard & Wide Flange) and Channels (All sections).

Sizes 3" to and including 8".
Sizes 9" to and including 18".

Sizes over 18''

.75

.65

.60

When the red lead specified is over 20 lb. and does not exceed 25 lb. to one gallon of linseed oil each of the above painting extras will be increased .05 per lb.

CHEMICAL REQUIREMENT EXTRAS APPLY TO LADLE ANALYSIS LIMITS Physical tests will not be furnished for Structural Shapes ordered to chemical requirements only.

CARBON AND MANGANESE. The maximum of the specified range shall determine the extra.

Any maximum Carbon under .11 takes in addition to the above extra for the maximum .11 Carbon, an extra of .05 cent per lb. for each 0.01 percent Carbon below .11. restricted maximum Carbon .08.

Lowest

**For carbon maximums .40 or higher a Killed Steel will be furnished and the appropriate extra shown below under "Silicon" will apply.

Any maximum over .10 to .30% incl.

CHEMICAL REQUIREMENT EXTRA; APPLY TO LADLE ANALYSIS LIMITS-continued Silicon:

Silicon Killed, Aluminum Killed or Deoxidized, specified or implied____ .50 Any minimum up to .15% incl_-

Any minimum .16 to .40% incl_-.

.50

.60

Any maximum .31 to .60% incl.

.50

Phosphorus:

.60

Sulphur:

Any specified minimum .08% or under, open hearth only---

.05

Minimum spécified, percent:

.10 or under___

Copper:

.11 to 20, inclusive____

.21 to 30, inclusive----.

Minimum specified, percent:

When order specifies Copper steel .20% or under

When order specifies Copper steel .21% to 25% incl.

.20

For each .01% reduction in standard ranges_.
Restricted Phosphorus (Open Hearth Only):

When specified .035% Max_.
When specified .030% Max__

Restricted Sulphur (Open Hearth Only):

When specified .045% Max___.

When specified .040% Max_.

.05

05

.05

.10

05

10

When specified .035% Max_

.15

EXHIBIT S-228

LIST OF MARCH 1937 PRICE CHANGES

In response to the request of counsel for the Special Subcommittee on the Study of Monopoly Power for the amount of United Steel's price increases on semifinished and finished steel products during March 1937 (which appears at p. 626 of the hearings), the following information is submitted: Carnegie-Illinois Steel Corp. made the following changes:

American Steel & Wire Co. made the following changes:

Tennessee Coal, Iron & Railroad Co. made the following changes:

National Tube Co. advanced its price on black pipe $10 per ton and on galvanized pipe $12 per ton. Prices on sizes smaller than 14 inches outside diameter and sizes 14 inches outside diameter to 26 inches outside diameter were increased from $5 to $8 per ton. Prices on oil-country goods were increased $5 per ton.

Information concerning Columbia Steel Co.'s price increases, if any, during March 1937, is not available.

Sales department, USSD, May 11, 1950.

EXHIBIT S-229

Relative investment and earnings of certain United States Steel subsidiaries,

EXHIBIT S-230

CHART 1.-Income and dividends, in dollars, United States Steel Corp., and

United States Steel's income or loss, as is to be expected in a heavy industry type of operation, characteristically fluctuates violent.y. Such fluctuation in income or loss is more violent than the fluctuation in volume or in the larger items of costs and sales. Income or loss is the relatively small difference between costs and sales.

United States Steel's income after dividends represents the income reinvested to provide tools, to provide inventories, to create the jobs and pay the wages involved therein, to take care of increased receivables irom customers and thus keep the jobs going of servicing those customers. Not only does income reinvested in the business serve itself to finance expansion of tool resources, but it must also be present if additional equity money is to be secured from new and old investors on reasonable terms.