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Show OHIO COPPER CO. OUTPUT SHOWS 194TJNCREASE An increase In output of 400,-000 400,-000 pounds in 1941 raised total production of the Ohio Copper company at Lark to 2,609,749 pounds, the annual printed statement state-ment released to stockholders March 21 revealed. Plans for th coming year include in-clude 50 per dent expansion of the 1000-ton tailings retreatment nlnnt nt T.aclr Net operating1 plan in 1941 was $41,599 as compared to $43,644 in 1940. After deduction of $13,-381 $13,-381 for depreciation and $28,623 depletion, therfc was a net loss of $405 for 1941. This compares with a profit of $3830 in 1940. Mill operating profit in 1941 was $65,733, an increase over the $51,899 profit In 1940. Percy H-Kittle, H-Kittle, president and general manager, reported that increase in cost of labor and supplies was not offset by an increase in the price of metals. Current assets were listed at $116,783, including $113,797 cash on December 31 against $90,040 assets a year earlier. Liabilities were $42,142 against liabilities of $11,485 at the end of 1940. |