OCR Text |
Show with $3,974,838 the preceding year. Operating revenues in 1924 ag gregated $30,130,631, compared with $29,983,653 in 1923. The company produced 214,592,733 pounds of copper, the average price of which was 13.121 cents. The cost of production was 8.89 cents a pound, including depreciation depreci-ation and receipt from the sale of precious metals and miscellaneous miscella-neous revenues. The production cost the preceding year was 8.-74 8.-74 cents. The balance sheet shows $21,-827,830 $21,-827,830 in the property account ; $13,438,573 in investments; $11,574,265 in copper in transit; $6,208,562 in securities, and $42, 159,306 in the profit and loss surplus. Utah Copper Co. Makes Report Net income of the Utah Copper Cop-per company for 1924 amounted to $8,185,319 after deducting expenses, ex-penses, depreciation, and federal taxes, but not allowing for depletion. de-pletion. This sum is equivalent to $5.03 & share on the 1,624,490 shares outsanding. For 1923 the comparative item was $10,472,-798. $10,472,-798. After paying $6,497,960 in dividends a surplus of $1,687,-359 $1,687,-359 remained in 1924, compared |