Show semiannual SEMI ANNUAL REPORT OF A S R the american smelting smelling Sm elting refining company operating the garfield plant pant at garfield and the american plant at murray utah has issued its report for th the e six months ending jaune in this report the company gives the following summary and comparison 1914 1913 smelting smelling Sm elting and refining less and mining properties 1914 ialo 1911 3 other incomes total income G p expenses and taxes excuses etc 3 net income income preferred dividends 1 balance 2017 common div dividend i d surplus previous surplus 3 1675 total surplus 5 2 G 35 consolidated general balance sheet of american smelting smelling st refining company as oi of june 30 compares as follows 1914 1913 1911 1 assets property account book valuation of see sec owned 1 18 29 02 1 0 10 S balance of discount a on american sm sec deb bonds sinking fund sec in ins fund at cost pension fund metal stock materials and sup plies prepaid expenses 2 asi accounts collectible loans to affiliated co cos S demand loans cash total does not include value of metals purchased sect and on hand but payable in refined metals and not in cash liabilities 1914 1913 common stock il preferred stock preferred A preferred B ani am smelt sec co deb bonds def pay on min prop emp saving dep accrued taxes accrued liabilities 3 8 dividends unclaimed 46 dividends 05 cur assets and and wages pay subs to june 30 6 C 9 reserve Je serve funds profit and loss total president guggenheim says in part the difficulties under which the company has operated its business in mexico during the revolution continued during the first half of the year 1914 early in the year the very natural fear on the part of various stockholders as to the ability of the company to earn and continue to pay regular dividends on its preferred stock led your president to make a statement through the press to the effect that he not only believed that the preferred stock dividend would be earned but that lie he also believed the common stock dividend would be earned even if no earnings should accrue from the operations of the mexico this statement company has been than substantiated inore ore the property of the renewals and repairs company coulman through g a account CcO lInt tas has kept in the same efficient condition b t 88 the past and in addition as in has been spent for approximately increased cili ties due to the amount fa f credited account for depreciation the the net increase for the six months is |