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Show I filSsoi jgf)l International Company Earns a HI Little Over Ten Per Cent mm Last Year. Hi OVER TWO PER CENT HI ABOVE THE DIVIDENDS H Half-iMillion Dollars Dividend fl J During Year in Excess of Bj Previous Year. , Hfi Extracts from the second annual rc- K port of the Inlornntlonal Smelting & Rc- fM finlns: company have been received out HL'iH west showing Hint tho company during Hi tho. year ending December 31. 1JW0. earned Wffi 51,002.191. against 51. 235.712 in 1000. a de- mUt crease of $2?.3.o21. Tho company hos Is- HH sued onlv $10,000,000 of Uio SSO.OOO.OOO Ml capitalization, henco the earnings wore HP?. 10.02 during 1010. and 12.ni" per cent in Hp.) 1009. on the issued capitalisation, wy, The following income sheet for tho two RU years Is given: Klj 1010. 1000. Wtk Net Income $1,002,101 $1,235,712 H I nivldends o"l01 BrC Previous surplus :)3i.712 W1; ProtU and loss surplus 1.137,003 035.712 MH The year, therefore, witnessed an In- Rj rease of ?n00.000 in dividends, the com- Wbx pany ralsinp tlio rate to S per cont. per HKl annum during tho year, an mcroasc of xS 262,101 in the profit and Iops surplus, and Bun a decrease of S7":?.ri21 In tho surplus. Hkl The general balance sheet as of Dc- HXra ccmbor 31, 1010. follows: If Ileal estate, plant, ( etc. .. . 5 9,227.573 $ T.SlT.TO.l Supplies on hand... 1M.720 2fii;,140 f Metals on hand 2SS.OR4 72.051 I Insurance unexpired 5lSl 1.031 Accounts receivable 0i$,3Rl 1,615,045 . " Advanced payment on purchases fi,23S 31.R70 Cash 7,435,558 1.050.207 j Total S12, 001,553 511,705.150 I Liabilities. I Capital stock HQ.00U.00O $10,000,000 3 Current accounts and ' 1 payroll 523.950 r.59,131 J Reserves 120,060 203,600 1 Profii and loss sur- plus 1. 137. 00 1 935,712 I Total I12.001.S53 511,705.456 J The International company was organ- 1 ized In December. 100S. its first asset be- f inir the smelter site In Utah and the ore I ifintract of tho ITiali Consolidated com- pany. Since then It has acquired the j Rnritan copper works, which is the larg- est topper refinery In the world with an I annual capacity of 312,000,000 pounds of s opper. The company during 1910 con-. 6 Hi rut-ted and placed In commission the I copper aiuelter at Tooele and the Tooele alley Railroad company. Four rover- I beratory furnaces out or the live are in operation, and the company is now cou- I siructlng a lead smelting plant, with two Miniaccs. the combined daily capacity of I which will be- 500 tons. |