Show Up and Down the Street Refinery Reports Net Income Of 38 During 48 n By Robert W W. American America Smelting and RefinIng ing Co Monday reported a net in income income in- in come conic of for 1918 lOIS compared compared com corn pared with wih 36 the ous ouS year Officials of the Utah Uth department depart depart- ment of the firm noted that tons of lead bullion bulon were produced at the Murray smelters during the year compared with tons In 1947 The strike at the te open-cut open mine of the Copper Corp cut production of blister copper from tons in 1947 to an estimated est est- esti mated tons lons in 1918 1948 The plant plat had been geared eared to exceed the 1947 quota but the walkout frustrated that aim More than tha 20 of American Smelting unexpended unc appropriation for plant plat expansion during tho to year will wi be spent in Utah it was disclosed Includes Construction This includes an a e est estimated s t im a ate t e d for construction of the an no de bar facility at the Garfield smelter and ad another for plant improvements at boUt both It I does doc not include the te that Garfield Garfeld Chemical Co an a A AS S R affiliate will wit spend at the Garfield Garfeld smelter in i improving im fin- i- i proving operations Nearly 1000 men were ere employed in the Utah Uta department during the te year earThe ear The firms firm's quick assets aset on Dec 31 1948 were wee 5 compared compared com corn pared with at the end of 1947 Cash dividends of were paid on common and ad preferred stock as a against the previous year Common Stock Stoc Up These Tese dividends were equal to 1347 per share of common stock with share in compared wih 1265 per 1947 The usual per share dividend was sas wa declared last year on common stock and 7 on preferred stock Earnings the report added were somewhat higher than thin those tose in 1917 largely because of high metal prices Substantial in increase increase in- in crease in both taxes and ad wages paid in the United States and ad Mexico rex co during 1948 were noted Over all Over Over-al production from the te owned company-owned m in mines i n e C s declined during the te year in copper and lead and increased for gold silver siver and zinc Wilson Vison McCarthy president of Denver Rio Grande Grade Vest Western ern Harry A A. A Mitchell Mitchel president of Western Pacific railroad and Mrs Mitchell Mitchel The train is operated jointly by those two roads and the Chicago Burlington Quincy Railroad Co Schedules for the six Zephyrs of the series are Leave Salt Lake City City- for the te east am a.m. and ad adfor for the te west 1025 pm p.m. Hits Price System V. W. B. B general sales maa manager er for Gerrard Steel Strapping Strapping Strapping Strap Strap- ping Co Chicago Ill said sad Monday Monday Mon Mon- day the fob f.o.b. mill mi price system would ruin competition by es establishment es- es esI I I of regional lies les He was in Salt Lake City for a visit with Dr Walther president Geneva Steel Co C. C |