STATE OF BUSINESS: Needed: More Steel

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Now Inland and its subsidiaries employ some 28,000 people. Its net income in the first nine months of 1955 was a record $36 million, $6.67 a share, compared with last year's $26 million and $5.25 a share on the smaller amount of stock then outstanding. Inland, which has paid dividends every year of its life except one (1933) last week declared a year-end dividend of $1.75 a common share, bringing 1955 payments to $4.25, or 50¢ more than in 1954.

Says President Block: "We thought we were being overoptimistic last winter when we predicted 100 million tons for the industry in 1955. What is it now? 115 million? Right now, you can't help but be optimistic."