Salt Lake Telegram | 1925-03-21 | Page 4 | Columbia Steel 1924 Earnings Are Pleasing

I Columbia Steel 1924 Earnings Are Pleasing Columbia Steel shows earnings earning after t for bond and other Interest and ml federal taus tata o of at for lUt I according to the company's company annual re report report re- re port received In Salt Lake wk Saturday W v E E. E Creed president states that the ther Ironton r results suits n nOir of aye are the exceedingly operations V of gratifying rn the r plant n and at that the ra raw ra materials obtained from Utah Flah are holding up to the company assumption After all operating charges including depletion ec e for Sor for depreciation maintenance on and 1 repairs and replacement the gross cross Income tn- tn in 1 como come for the year yur ear was iraa J the report states Deducting bond and other Interest in tI the amount of at and federal fed fed- lira eral erel I Income taxes of CUU the net profits for the year ear amounted to 1295 un- itt lOSH Durin During the year yur bonded de was t. t was In Increased In creased current liabilities 1 U- OOOO and additional preferred stock I tt tf the mount amount of This money aile was vas a. a used chiefly In the tho develop develop- I mont ment of cC the Utah t properties where whre over ever oto I Ia was expended In 1924 1024 while a additions to plants plant at Cal and Torrance Cal Cat In the en same me period Beg ted respectively II and I Mr Creeds Creed's report for the board of ot director is II dated March 2 iBIS 1925 at San Francisco I