Word: expanations
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Dates: during 1924-1924
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Bethlehem Steel may be said to be paying the price of over-rapid expan- sion. After absorbing the Midvale, Cambria and Lackawanna properties, it found that large sums were required to modernize and coordinate them. Meanwhile the steel business has been undergoing a very severe slump during the last few months. U. S. Steel came an even worse crop- per in 1903-4, just after its organization. Bethlehem Steel is just now experiencing a period of the same sort of difficulties, and the company's directors were no doubt wise in resolving to conserve cash at the expense of common...
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