Show PAST YEAR PROFITS COLUMBIA STEEL IN USE OF UTAH IRON actual practice has borne out the faith of the management in the quality and availability of 0 raw materials in utah for making commercial iron and steel says the annual report of 0 the columbia steel corporation the income report and balance sheet shows a successful year despite the fact that conditions in the industry were below normal over the nation after deducting operating charges and for depletion of iron and coal reverses and depreciation on equipment the sales netted a gross income for the year of after deducting bend bond and other interest charges and the federal income taxes there remained an operating income of 56 55 during the year the bonded debt as increased by current liabilities by and the outstanding preferred stock by now capital amoun amounting Ung to to was invested in the coal plant at columbia the iron mines at iron springs and tho the furnaces at ironton while on the plants at pittsburg and torrance calif there was invested and respectively tribune |