Show UNITED SIA STATES YES EARNINGS BIG Company Has of Quick Available Assets in Its Treasury COMMON STOCK DIVIDEND PRESIDENT WILL WILL G C IS ISSUES ISSUES SUES STATEMENT I At t a meeting of the directors of thE the United States Smelting Refining Min MinIng Mm Ing company compan held in Boston last Satur Saturday d day I it was wa decided to place the common stock of the company on a 7 per cent basis In telling of the boards acton action and discussing the af affairs affairs fairs of tile the company compan President William G 0 Sharp formerly of Salt Lake shows that the company has In quick assets and gives other Interesting maton matlon a as follows At a 3 m of the directors of the United States Smelting Refining lIn Mm ing company held this morning the trea treas treasurer submitted a preliminary report showIng that th the probable net earnings or of orth earning th the company compan and is its for forthe the tiie year rear ending December 3 31 1906 06 would be approximately that the ox ex exact act not net be determined for a con considerable time that the quick assets In Including eluding Call cash accounts receivable but bill lon lion and ant on ht hand of this and Is Its exceeds that preferred d will requIre per annum and that the surplus earn earnings earnings ings and deprecIation fund together with fth the surplus on the books or of subsidiary companies n at t th the time they were ac acquired acquired will exceed 00 The probable future position of t c companies if changes at the Utah smelters t rs are arc required by of the courts and it if the values of metals should return to the former normal values for copper siver silver and lead were fully considered Mr Holden assured the directors that the net ore tonnage In the several mines had been fully maintaIned both in amount and value that the Real Monte mines and the mines mIght be ex cx expected to become profitable producers during the current year ear and that the ad additIon to the smelters would also un undoubtedly undoubtedly b be In active op operation raton durIng the later latter part or of this year In Iii vie view of these conditions the tho directors directors tors were unanimously of the thc opinion that the com company pan should begin pa ing divi dividends upon its common stock at a 3 regu regular Jar lar rate of 7 per per ier annum and andas andas as several of the directors will i be absent at tile tho date of the next meeting it wa was unanimously voted to declare clare at atthe atthe the present time both the Apri April preferred dIvIdend and also a common stock divi dividend dividend at the rate of 7 per cent per annum payable April 15 1907 to 0 of record at the close of business Mach March 1 15 1907 7 This statement f Is now made b by the directors that al all stockholders ma may have equal information |