Show IA S H COMPANY EARNINGS lAttitudo of Local Management Toward Tow-ard the Small Producers An analysis of the American Smelting Refining companys annual report I shows that the net earnings In 1002 I exceed those of 1JOO by 51336658 al though the Increase of noarly 2000000 t knits dividends has caused a decrease of SrH0000 In the surplus Comment Ing on the balance sheet for 1902 as compared with that of 1000 the News bureau of Boston says it will be fccn that property account In which ds included the plants of thu Mcssrn Guggenheim that were added h 1000 has Increased 3G7iG37 stock on hand t I dricrcased 5010D6S2 and materials fuel I els on hand Increased 357878 On the other hand there IE n decrease in cash of 203COfiU while the treasury stock Is entirely eliminated The capi tal stock is increased 35000000 and bondo have been reduced 51253000 cash liabilities have not changed mo terlally while the profit and loss surplus sur-plus is 072001 larger than In 1000 Recently there have been some complaints of the policy exercised by the company and the charge of discrimination dis-crimination has blcn made It Is claimed that the Smelling company has refused to accept business 1 from the smaller minim concerns and as iheso are the only smelting plants available avail-able ihese I companleiThave buin forced to shut down It appears however that the company has had all the high grade gold and silver business It can handle and In consequence docs not care to accept lowgrado copper ore for Emelting claiming that there would he no profit In I such business under the circumstances That the company has rejected any Ores of u commercial quality In Salt JLake valley has yet to be recorded On I the contrary the management has In weral Instances madu concession to the smaller producers this In line with what VIcePmMdent H wcll assured The Trihuno would bedone on tht occasion oc-casion of his visit to Utah Not In ono office but In half a dozen or more l IN to be found abundant testimony of the spirit of fairness that hat characterized char-acterized the policy of Manager Whlt hey whenever dlsagi cements have nrl < n anti the willingness he has manifested In the effort to encourage those whose output Is a limited one The experience experi-ence complained of has never visited this neck of the woods nor have the relations between the I producer and the jnnelter management ever been more pleasant or hotter understood |