MANUFACTURING: Steelmaster’s Opinion

Said Eugene Gifford Grace, president of Bethlehem Steel, as he announced to his stockholders a $1 common dividend (their first since 1937):

“We are in a position to be War Baby No. 1, as in the last war, but I can tell you that our directors and our associates don’t want that kind of business. I’d like to see the war stop today. Bethlehem would be better off if it did.

“I’d like to see a situation where we’d never sell another gun, another battleship or another projectile. I’d like to see the world stop destroying values and start creating values, and that would spell better business profits.”