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40-hour limitation American Amount Recommended ANNUAL MEETING assets average weekly believe Board of Directors bonded CALIFORNIA LIBRARY capacity cash charges competition continued convey cooperation Corporation's operations debt December definite demands depletion and depreciation depression desirable dividends earnings effective efforts eight eight-year period employes employment endeavor enterprise equip excess expended expenditure extensions and betterments extent fact feel field formula found it necessary hand hope improvement inclusive indicate industries insure interest investment January Jersey April labor liquid loans loca markets MEETING OF STOCKHOLDERS ment minds mortgage MYRON needs obsolescence operating basis paid panies participants penditure plants poration position present and future profits prompt properties Proposed Budget receipts recharged Renewals restricted Richmond served sound Steel Company STEEL CORPORATION subsidiary companies surveys TAYLOR Chairman theretofore throughout tions UNITED STATES STEEL University of California week weekly hours