Show semiannual SEMI ANNUAL REPORT OP OF A S R RELEASED EARLY IN THE MONTH ri rl earnings of the american smelting smelling Sm elting refining refi in company at the rate of 2216 per share of common stock for 1927 are indicated in the semiannual semi annual report of the company issued to stockholders on the ad instant the report shows earnings of or 1108 per share on the common stock for the six months period ending june 30 these earnings are after all deductions for bond interest depreciation obsolescence ore depletion 1 taxes and preferred dividends L il during the same period of 1926 earnings on the therom corn com 1 71 mon inon stock were at the rate of 1165 and in 1925 at the rate rat e of net income of the company before dividends amounted tu to for the six months period this compares combar ie s with for the first half of 1926 surplus income for the period after deducting dividends amounted to president simon guggenheim points out in his report r adif that total current and miscellaneous assets made a gain au during r the period of and amount to which is more than five times the total current and land miscellaneous liabilities of cash on hand at the end of the period in the form of call CA and time loans and U S government securities amounted to this is an increase of over the same items at december 31 1926 the position of the company on june 30 of this year as compared with its position at the same time in 1926 is shown by the following figures 6 mos ended 6 mos ended june ju june e 30 1926 net earnings operating properties 56 I other income net earnings before expenses taxes etc less administration expenses etc 1 7 corporate taxes interest Tn terest depreciation and obsolescence ore depletion net income dividends paid on the common stock for the period e ex xz ceedee by the amount paid in the fhe first half of 1926 1026 total dividends paid were on the preferred stock rind and on the common |