The Birmingham age-herald., 1904-03-16

working capital would have shown larger for the year.
 We paid out for real estate (not includ- Ing the Lady Ensley property), repairs to furnaces, and improvements at the mines, $425, O0 during the year. Annexed will be found statement of re- sources and liabilities, earnings for the year, and of working capital employed in business, which should furnish such information as to the financial position of the company as you may desire. All of which is respectfully submitted by order of the board.
 J. C. MABEN, President. Birmingham, March, 1904 Statenhnt of the sloss- Sheffield Steel and Iron company, fiscal year ending No- vember 30, 1903.
 RESOURCES. Property account. Q. .. e. $1S,S11 416.S4 Treasury securities .. .... .. .. 259, 7O00 Stocks and bonds of other companies q. .. . =. . :. 311, ,99467 Cash bills and accounts re- ceivable. .. .. ...... .. :. 1149192SS Supplies, raw and finished ma teriaI at cost .... ~ 790,071 ,12 Stocks in eompanys stores and warehouses .. :. ... :. 192, ,OOiO2 newal fund .. ........ 2Os,54S 29 Insurance and taxes uneXpired 11O7S1S
 $2l, ,2i0, OO5 45
 LIABILITIES. Capital stock. pre-
 ferred ..s. ..$6, I00,O ,OOO00 Capital stock. com
 mon.. :. :. .. .. .. 75O0,OOO0o 14,2o0,0OO co Sloss Iron and Steel
 Company
 Mortgage 6 per cent
 bonds. 1920. .. ... 2,000, ,00O.0O Mortgage 41k per
 cent bonds 19iS... 2,00O.00O0O 40oo'00O00 Current accounts :. .. 469,64Gs7 Pay roll (balance of current month. .. .. .e .. .. .. :. :. 7S,46S 6 Bills payable .. .. 1f6'l2Sl2 Profit and loss. .. .. .. .. 2315. .762 31
 S21, ,2lo. 0O5. 45 Statement showing earnings of the Sloss- Sheffield Steel and Iron company for fiscal year ending November 30, 1903: Profit on pig iron delivered af- ter deducting for depreciation on iron ore and 25 cents G025) per ton on iron for eXtraordi nary repairs and renewals. .$l 1891 59 Profit on coal after deducting for depreciation. .. .. Q. .I 216,265 3S Profit on coke . . . .. Q. .. .. 175,961O2 Ore and Dolomite sales. .. :. .. 6i,342 SC Rents. royalties, stores and other revenues ;. .. .. .. .. .. 20S,9S9 10 Two-thrds of earnings of North Alabama Furnace Co.,. .. .. o.. 5S,3SI92
 $1,S63, OlS 26
 DEDUCTIONS. General expense, ac-
 counts not charged in
 cost sheets. :. ,. ... $35, 6l631 Taxes and ltcense..... 3l7S6.27 6l,4O2. 5S Net earnings. .. .. .. . .. .. .$1,795, GAO. Gs Years bond interest. .. .. .. .. PIC, GOO. 00 Surplus for 1903 :. .. 1, ,5s5, GAO 0S Years dividends. per cent on preferred stock... .. :. D. .. i69000.00 Surplus for year 1908, after divi- dendS.. lillo'blO on Net surplus from 1902, after div idends.. .. .. .. .. 1.199 121 6S Surplus, November 30 190S.. .... 2,315,762. sf Product of Lady Ensley not included. Working capital November 3O 19OS Cash bills and accounts reeeiv- able. :. :. .... .. |. .... :. ..$1149,192. s3 Raw and finished material on hand at cost q. q. .. " 6SS,O3o. II Merchandise and supplies in companys warehouses . - 294.04O 00 Insurance and taxes unexpired 1i,07S.1S Treasury securities stocks and bonds at market value. S9I S39. 45
 S2.5I6 1S5. 10
 CONTRA Bills payable. .. .S76,12S2 Pay rolls, (balance of
 current month";. .... 7S,46S 60 c O Il nts payable,
 (current business) ... 469, ,6l637 724,243.1 II Balance working capital In bus mess .S1, ,s21,9i1 .9G NOTICE OF FINAL SETTLEMENT.