Show UTAH COPPER REPORT PORT SHOWS EARNINGS fOR YEAR YAR OF Inasmuch as th the first report of Utah Copper to the New ew York stock exchange Is herewith given Riven givEn It will be read with wih no wi little Interest by those who have been keeping close Ilose tab on the merger recently made with Boston Consolidated The Tho ic ic- port for the year ear ending December 31 1909 1009 follows Gross sales' sales Other t r revenue re 3 T Total revenue e 72 OH 0 Operating t and 3 l Incidental id i ex expenses cx- cx X Net Deduct profits fi j Bond Interest Dividends paid Notwithstanding Mr GlaV Glavis' Glavis state state- Surplus rl for y year Full details t YI of the Utah i comper company corn com pany merger were given to the New lew York stock stok exchange In connection with wih tho the listing of additional stock and authority to list from time to time additional on cancellation of Boston Consolidated notes also on further fur fur- titer ther exchange of Nevada Consolidated shares During 1909 the company compan sold Mid pounds of copper at a net price of 1915 cents netting ounces ounes gold at 20 netting 4 7 47 ounces ounce silver at cents netting Net surplus for tor the year was Cumberland Ely from December 1 I 1 1908 to November e 10 30 1909 earned e ss I interest on bf loans Joans a l amounting met to o H 2678 25 2 reduced net to December earnings totaled Balance December December Decem Decem- ber bei 1 1908 1905 was as 31 making total surplus of Profit and loss account of Steptoe Valley Val Vat ley Smelting and Mining company shows earnings from October 1 to December 31 1909 of depreciation of 36 n nat t. t This amount was paid In dividends dh Nevada Northern Northern railway from July Tuly 1 1 to December 3 31 31 1909 earned eared net nt from operations and Interest collected Appropriations were leaving surplus Previous loul surplus was making total from which was deducted dividends of leaving balance balane at end of year Balance sheet of the Boston Consolidated Consol Consoli dated company for year ended December 31 1909 shows ASS ASSETS TS Investment Current I 2975 Inventory Inventor 7 7 Suspense I Total LIABILITIES Capital stock JT Surplus Current Deferred Total Current liabilities Include owed the United Metals Selling company President MacNeill of the Utah company company com corn pany says lays the Nevada r Consolidated com corn company pany pan has acquired shares of Cumberland Ely leaving but out out- standing Of the capital of oC the tue Steptoe Valley Valey company compan the tile Nevada Consolidated owns and the Cum Curn- berland- berland Ely berland-Ely Iy there being but outstanding In delivering to the Boston Consolidated Consolidated Consol Consol- Consoli Consoli- dated company of England shares shares' of Its Is stock the Utah com company pan received shares of treasury stock of the British company which was held beld for conversion conversion con version of debenture bonds These bonds are s secured by 7 per cent promissory notes of or the American company company company com com- pany which eh the Utah company bought secured by first mortgage to the Federal Trust company of Boston There has beep been deposited shares of Utah delivered to the tile os Boston ton com com- pany with the Bankers' Bankers Trust company compan of New New York for the Boston company compan conversion There are outstanding of Nevada evada Consolidated's Con- Con shares and of the shares are held to care carp for foi convertible bonds still sti outstanding of a total 2992 shares are also beld held for exchange of Ely Cumberland stock |