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Show STRIKE ST HUM HELD PROFITS 001 October Might Have Been the Banner Month for United Staies Smelting Co., Special to The Tribane. BOSTON. Mass., Nov. S. But for the Bingham strike October would have produced for the United States Smelting Smelt-ing company greater profits than any previous month in the company's history. his-tory. As it was. net earnings were not far short of. irl 00,000 after usual charges to depreciation. Actual net earnings beforo depreciation arc running at the rate of about J-i.j.oOO.OOO annually from which as in the past the company will deduct $1,000,000 for new construction and depreciation. It is clearly to be seen, therefore that the common stock is earning .nearly 0 per share. President Presi-dent Sharp is now in the cast and says that by the tjmc the new railroad is eumpToled the property will be in a position po-sition to ship 1,000,000 tons annually. Experts sav that the property has at least. 1.30,000,000 tons. JIo expects to increase the output lo to 20 per cent annually until the output out-put is .'1.000,000 tons a year. |