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Show M. KTV ASSESSMENTS, 73 DIVIDENDS IN Till: year just closing Since January 1, 1917. there have been ninety separate and distinct assessments on Utah and near-Utah mining companies. There have been approximately seventy-live dividends j declared in that twelve months. The dividends distributed amount to nearly $30,000,000. The total amount raised in the year by assessments assess-ments would probably not 'exceed $iuo.0iiO. Most of this was expended expend-ed in developing possibly fifty different dif-ferent mining propositions. The Individual assessments usually usual-ly ranged from $2500 up to about $'1 0,000. They will probably average aver-age near $6,000, making a total of about $5,403,000 on the ninety assessments. as-sessments. ' That makes the assessments assess-ments hut a small fraction of the great sum total that 1917 places to the credit of Utah mines. In most instances, small assessments assess-ments levied just often enough to maintain legitimate development work are considered . by practical mining men, engineers and even financiers fi-nanciers as the most equitable way of developing a mine. Take the Tlntic Standard, for instance. For years it was assessing 'at the rate of half a cent a share every few mouths. A total of nineteen was necessary. No. 19, or the last, was levied in the spring of 1916 and the sale day was April 10, 1916. Now the company is on a dividend basis. Since . then the price of the stock has jumped from cent to as high as $1.80 a share. Ex. |