Salt Lake Telegram | 1936-08-01 | Page 16 | Earnings Boosted by Phelps Dodge

Earnings Boosted By Phelps Dodge NEW V YORK ORK Aug 1 UP Phelps A Dodge corporation producers refiners refiners re refiners re- re finers and marketers a of copper with principal properties in Arizona disclosed disclosed disclosed dis dis- dis- dis closed for lor the six months ended d June 30 consolidated net income of after depreciation n normal federal federal fed lcd eral income taxes and other charges but before depletion and exclusive of at undistributed profits surtax Forthe Forthe For Forthe the same period last year net income was 97 Per share profits were 92 cents on shares against 49 cents on shares in the first half halt last year The corporation reported a a. reduction re reduction re- re in bank loans to since December 31 1935 with balance balance balance bal bal- ance outstanding August 1 of