Salt Lake Telegram | 1932-04-14 | Page 17 | Anaconda Co. Has Three Million Loss

ANACONDA CO HAS THREE MILLION LOSS lOS NEW YORK April Apri 14 P JAna Ana PAna Ana Anaconda Anaconda conda Copper Mining company one of the worlds world's leading producers producer and ad fabricators of copper reports a net loss of for lor 1931 after charges for depreciation and ad obsolescence in contrast to a net profit oi of for 1930 1030 In I addition additon the statement showed an a inventory of reflecting the reducing of all al unsold metals to market values and dividends divi I paid of These Thee and other minor deductions resulted in an an aggregate deficit for the year of 17 charged to surplus The balance balace sheet listed current assets of and current Its lia la oi ot The chief item iem in the current liabilities was WO in m notes note payable Current assets consisted of in cash 2 in i marketable securities 1 11 in m receivables and inventories invert tories and ad supplies on hand had of 93 Th The corporation curtailed its it gross gros production of copper to pounds from in 1930 and In i 1929 The combined output of the American Brass Bras company com corn pany and the Anaconda Wire and Cable company subsidiaries was pounds These Tese two companies had unfilled orders at the end of the year amounting amounting amount amount- ing to pounds of copper and pounds of zinc