Show RAY CON AND CHINO REPORTS ray consolidated report for the year ending december 31 1922 shows deficit of as compared with deficit of in 1921 production in the nine months of operation during the year totaled pounds of copper at a cost of per pound financial position at end of the period was strong balance sheet profit and loss surplus was reduced to lf the report of chino co copper p per for the year year 1 andin ending 9 december 31 1922 shows a deficit of against a deficit of in 1921 balance sheet profit and loss surplus decreased to current assets of compare with current liabilities of contemplated improvements include entirely new and up to date flotation equipment which will be of much benefit the report states in part that shortly after the first of april 1922 operations were resumed and thereafter continued during this nine months period there was produced pounds of refined copper the average cost per pound including charges of every kind except depreciation and federal taxes and after crediting precious metal values and miscellaneous income equal to 9 cents per pound was cents per pound compared with cents for the brevious evious nr year no disbursements to stockholders were made maae during the year 1922 the total of dividends and capital distributions to stockholders up to and including december 31 1922 amounts to |