Show MIDWEST SURPLUS SHOWS INCREASE The Midwest Refining company compan In It its balance sheet shee for the tho year car ended December 31 n. n 1919 shows 8 a surplus of or as a with a surplus surplus surplus sur sur- sur- sur plus of at the close cloae of oC tho preceding year car The Tho To company compLY does doea dOe not Issue a a detailed d statement of ot In Income income In- In come but a D comparison of ot the balance balance bal hal ance sheets for the two years mentioned mentioned men men- toned above Indicates that the tho balance bal bai- anco ance available lo for the stock alter after ala n stoc depletion depreciation and federal taxes was or 35 per cent centon centon on tho ho capital outstanding at at the close of the year ear or 1676 a share share In the tho preceding year enT tho the company earned at the rate of 1477 a share chare on tho the capital then outstanding The rhe indicated Indicate net earnings for last year ear were aa as compared with lh In ISIS 1918 The rho reserve for taxes In the current curent balance balanco sheet is or less than In inthe the tho previous pro year ear The Tho charge for depreciation de do- predation and depletion Is however heavier b by nearly S than the 1918 figures The Thc company's net quick assets at the close claIe of at last year ear amounted amount amount- ed cd to io JiO 10 O a share shar |