Anaconda

The $100,000,000 bond issue recently floated by the Anaconda Copper Company gives particular interest to the company's current earning statement. The calendar year of 1922 witnessed the largest gross revenue in Anaconda's history, amounting to $175,450,384. The increase is mainly due to the acquisition of the American Brass Company. After paying operating expenses and Federal taxes, however, the company showed net income of $11,432,044 for 1922 as compared with a deficit of $6,257,042 for 1921.