| Show semiannual SEMI ANNUAL REPORT OF A S R CO the official semiannual semi annual report of the american smelt ing and refining company for the period ending june au 30 1924 has just been issued to the company s stockholders it shows that earnings available for dividends on common stock were at the rate of almost 13 per share per annum in his report to the stockholder president simon guggenheim says after deducting all bond interest depreciation ore depletion ion taxes including estimated federal taxes and miscellaneous cel laneous ad adjustments ments there was a net income of an increase of over the corresponding period of last year and an increase of over the last six months of 1923 As the preferred dividends for each six months amount to there remained available for dividends upon the common stock an earning per share for the six months period of which is at the rate of nearly 13 per annum there is no indebtedness to banks at the end of the period your company had on hand in cash call loans bankers acceptances and government securities an increase of over december 31 1923 total surplus and reserves amounting to show an increase of over december 31 1923 detailed figures show that the position of the company at the end of the first six months of 1924 compared to 1923 is as follows increase jan 1 to over same june 30 1924 period 1923 net earnings operating properties 1 33 other income 04 net less earnings before expenses taxes etc 52 administration corporate in interest terest taxes expenses etc 79 60 60 ore depreciation depletion and obsolescence 68 82 miscellaneous adjustments 1778 9 66 72 67 net income decrease dividends at the rate of five per cent on common stock in in the above period amounted to |
