OCR Text |
Show BETTER RESULTS AT ' UTAH CONSOLIDATED Income Account During Past Year Compares Well With Former Seasons. There has been considerable Interest evinced locally In the report of flnancin! conditions of tht Utah Consolidated company com-pany for the year 1912, the report being published east lasl Monday. The statement state-ment shows Increased gross and net income in-come and dividends, and the achievements achieve-ments of the company last year compare favorably with those of tho preceding two or three years. The income account for the year cum-narca cum-narca with previous years as follows: 1912. 1911. 1919. 1909 Sales of copper, etc ?1, 976,454 $1,725,999 $1,509,045 $2,635,741 Refining expenses 96.9S4 175,090 121,307 158,137 Net $1,879,470 $1,550,909 $1,3S7,73S $1,S77,G07 Ad. bullion end of year 327.620 580,301 628,572 S0G.374 Miscellaneous Increase 51,190 47,091 43,779 13,014 Total $2,258,280 $2,17S,361 $2,060,OS9 $2,702,025 Less bullion beginning of year 580.361 62S.571 806,374 035,362 Total net Income $1,677,919 $1,549,790 $1,253,715 $1,766,663 Total deductions 1,110.980 1.207,700 1,188.366 1,612,400 Balance surplus ; .rG6.039 342,090 65,349 154,263 Previous surplus 474,329 322,239 406,890 1.256,952 Total $1,041,268 ? 664.320 $ 472,239 $1,411,215 Dividends 450,000 150,000 150,000 600,000 General reserve 40.00Q Transferred to smelter properly and re- allzatlon account 404, 3-o Total surplus 591,268 $ 474,329 $ 322,239 $ 406,890 The balance sheet as of December 31, 1912, compares with the previous year as follows. Assets. 1912. 1911-Cost 1911-Cost properties, etc..$ 850,195-? S52,l?5 Smelter properly ... 33.S76 35,003 Debtors 391,640 80,973 Copper and bullion supplies 101,430 648.S66 International Smelting Smelt-ing & Refining Co. stock 500.000 500,000 Cash 22,918 52,407 Total .$2,200,059 $2,167,444 Liabilities. Capital stock $1,500,000 $1,500,000 Sundry creditors 5S.792 142,115 General reserves 50,000 50.000 Profit and Iosb 591,208 474,329 Total .$2,200,059 $2,167,444 |