Salt Lake Telegram | 1926-03-03 | Page 16 | Additional Mining News

t. t Additional M Mining News American Telephone TelephoneS S Earnings Rise Sharply oJ p NEW EW YORK TORK March sch 3 Net CAI API Net InCome InS In- In S came Come of at the American Te Telephone Phone and Tele Telegraph raph company for tor 1925 rose ioe to toS S sl 1 from the year b before fore e the annual report today reveals reveal f. f More Moreed re than telephones were addo add add- S ed e to o t the Bell e system t during 1925 S and ana 5 athe tt he e close cloe l s of the year a O. O tele tele- S y were Interconnected THe TIle system t handles tolls toll and ana exchange connections connectIon lo dally daily 1 earnings earnIng rn of at the company ny were tf fil s compared o e with to This Thia h I Included d n ef operal- operal S I ng revenues of ot dividends ett ext et- et t cedIng on owned and Jl t. Interest exceeding on notes note pd advances advance on bonds bond owned temporary S ash eash Investments investment and deposits Balance ot of remained arter aner dividends h at the rate t of 9 9 a share out o or r which I ili rc C. C o o was v va appropriated Pr c contin- contin K a and d wa was Va carried cornea to 5 surplus Capital stock of me com company any S outstandIng at the close loee Iose of or me year was vas U an Increase or tor fr tho ho year There were more than Th g o D' D Dell Bell stockholders c system expended S on new plant construction Brought as assets ts devoted to furnishing telephone telephoneS S k up to uros oros revenue revenue reve reve- nue flue oC of the system which Includes Amerl- Amerl cn Telephone and Telegraph tte parent c company pan n twenty five associated tele- tele J one companies and the Western Electric Electrio Elec Elec- trio company compan was vae President W W. S S S. S report reported ea Not ct earnings earning were 6 i 6 per cent on the amount In Invested tn- tn vested In plant and other Assets Earn- Earn In nga ng R available for tor contingencies ana and surplus surplus sur sur- plus lu amounted to 1 3 1 3 per cent on the tile investment les less than a a. cent cen a n. nay oay a telephone a necessary bUt relatively email margin of safety r the report e t sald n r fj The result s of Improvements t and ana economics econ c S omie Is apparent Mr Mn Gifforn said In 1 t te e cott of telephone service to JO the tho pUbU pub- pub U Telephone rates rate one are on me average only 33 53 per cent higher than ten en years year ao while wages wage and material costs coats h ato vo- vo Increased much more and livingS living'S living S 'S C casts s have Increased 75 15 p per percent cent