Show and Mining NeWs 1 Bright For United States i. i I t Smelting Company 3 ay Pa Pay Extra Dividend T This his Year Earnings on onI Common Com Com- I f mon nion Reach een cen Dollars a Share WL G to the advanced nd price for silver and md lead it t is expected that the thet t United States Sm Smelting Refining Mining Mining- company will have a banner fr financially especially as operations at all properties arc proceeding on 1 r nrc scale in a most satisfactory 3 way As an illustration we note the thet have ha reached total of or tons month t that operations in Mexico a a u the c silver saver operations of the he company alone arc now yielding something tc id d c v a n month or a at the rate oC or per pcr annum This is WT talent c t to 17 1 a share for the common stock since ot other e mining and profits should hould talc take care of interest and preferred dividend charges chares C cOn company is also a large producer or of lead its s production in 1918 1018 having therefore the in the or of lead i is nn an en pounds nt L' factor in producing profits for tins this company says ays eastern advices j stock of oC United The The preferred ites tes s Sm Smelting has paid Its Ils 7 T pcr per I nt l t dividend that Is 50 pe per share shares shares continuity SIt s 50 oO O par value alue shares ity Ii y since the ors ors-an organization ton z of oC the during JurinG 1917 i and 1915 g panr while e common tock stock has paid 10 per cent annually on a par parO parI rs per reI share snare Owing Oving to the Juo I O of oC 50 per condition o of the lent ent prosperous still sUB outlook for mp nr and nd the reI ier profits profit the current year car i it willbe will t be at all surprising I If an extra in addition to the 10 per perI peron is made mule at an anly I j on the common ly r date i Its ramifications and extent o of or rations United States Elates Smelting favorably with Anaconda as ns r p par s 10 operations operation arc are JI among eral fral needed products thus adding I Its stability as well weB as ns to Its earn earn- r c a it h United States Smell Smelting In T 1 Mining company compan was led d on January Januar 9 I. I JOG 1306 under the ri rz j of or Malno Maino Un Under cr Its charter the pany pan is authorized to eng engage e InIn in In smelting and refining copper silver Buyer zinc and other ores J i Rold Jold mineral products including coal Toll ph 1 as well ell ellS as to sell the prO products Its Us operations operation It may mar hold stocks londs o of other corporations times c company campan has hrs at nt various ed control through stock own own- hip Ip of or a lar largo large number of oC smelting and refining companies while jUlah ct company of or which it owns capital stock is in turn a adint I dint company which owns sufi sufi- int nt shares to give It a controlling rest erest in n the lie Utah Railway company compan jUe tle Valley Coal company id ed d Fuel ouel company Black Hawk Hawl Coal wany ny and Panther Coal Cl company lie Ue a large larg proportion oC of the stocks of or the iame companies not dby the Utah company compan are arc in turn ned b by the parent company the lied States Smelting Refining i ln L Holding Holdin i of or Company Tie le e United States Smelting comy comy com com- y y owns numerous pat patented and un- un mining claims near Bingham h h. which arc In one block bloc and pro- pro lead silver r copper gold old and L In addition additon the company compan owns operates smelter and plants as ns follows At I Midvale a lead smelter with an annual Ity eity It of oC tons also at Mid Ud- Utah concentrating mill with nn n n I Iu tail u sal l capacity of or tons at AlKan Alt Al- Al t Kan nn zinc smelter annual cat cay ca- ca t y 3 tons lola Kan Ivan zinc lt ter annual capacity tons Kan ICan zinc smelter annual t tons tons and nd at al Reeds Mo tie nc with an annual capac- capac of tons toas This company cap c also tit lease le e on the mine cIt Ich consists of twenty acres acres of ot land la ted led about three mn miles s from f 7 ti It U also owns and operates a 3 limo rr rry at Topliff Utah which cons con eon s of or 38 acres o of land be United States 1 Refining pany ot owns ns an electrolytic copper I d perr lh Ith an n annual capacity of or pounds s of copper and a ar fr r Cnn consisting of two bl blast t furnaces having an 10 annual smelting capacity lt of or tons of or charge These plants arc located on nine forty acres aerts of oC land at Chrome X N. J J. at tidewater tide water enabling ocean ocel steamers to discharge discharge discharge dis dis- charge direct into the plant The copper copper copper cop cop- under per smelter purchases Its ores otes located loc In long IonS contracts with mines mine Canada Canad Spain Cuba and the t-he western estern coast coat of oC South America The company also owns a a. lead refiner rc- rc Tincry finer finery with an annual capacity of or pounds of or lead located at East acres cres of or Chicago mi on seventy land having extensive transportation facilities The Tho ureka I Mining company company com corn and un- un pany owns several patented d claims at Eureka ureka Utah Agricultural Ag Ar- ground to tho the extent of ot five eighty acres Is held for water rights by the company compan The Tho Bullion Beck Deck t Champion Mining company compan is controlled b by the tho Cent Mining company compan owns It-owns It owns several oral patented patented pat pat- claims at Eureka Utah and three tracts of or land a aggregating s water five thirty acres located for rights The property Is equipped for economical mining and shipping Opra op op- op ra t lo n Mammoth 1 Cop Copper r The Thc Mammoth Copper Mining company company company com com- pany of oC Maine has 8 holdings comprising and e ral groups of patented mining claims as well weB as smelter s sites town sites siles and other lanes lands ino LIlO Mammoth ammoth group Is located three miles mUes I northwest from Kennett station tatIon on the Shasta hasta route from San Francisco to Portland of the Southern Pacific com corn of or 1117 1111 This consists can pany group acres of oC patented claims and 43 41 i acres o of claims cl The Tho Mammoth mine Is fully equipped for tor economical production ha having an extensive surface surface sur sur- face Caco equipment of or several se shops anti and other appurtenances The Mammoth Copper Mining company also holds holdsman and un- un man many other groups of or patented several se thousand thousand thousand thou thou- patented p claims totaling sand acres The Tho de Real neat de do Monte y Is a Mexican corporation controlled con con- trolled b by the thc United States Smelting Refining Mining company compan The compan company com corn pany pan operates ISO mining claims lo located 10 o In the districts o of Pachuca and andReal andReal andReal Real del tiel Monte donte State Slate of Hidalgo Mex Mex- ico The claims cover cOer an a aggregate area rca of oC 1270 acres and In addition the company owns about acres of agricultural lands Jand The Thc Needles Mining lIninS' Smelting compan company com corn pan pany controlled D by ly the United States Smelting Refining Mining company compan owns ons three promising mining properties properties properties proper proper- ties and anil at Needles San Bernardino county Cal tho the company compan owns a concentrating concentrating con con- plant of 1 5 tons dally daily capacity Capacity ca ca- fully equipped The Thc Gold Road nond Mines s company owns ons fifteen patented claims comprising 21 i acres located at Gold Roads Ariz Arts twenty three miles west wesl of or Kingman The Thc company compau Is fully equipped with all facilities required for or op operation During 1317 the company compan secured cured a majority Interest In tho the Sunnyside mine at al Eureka Colo Cob On this property a a. now new mill milt with a capacity of ot 00 f tons tonsa a da day waa was completed carl early In 1018 IDIS Utah Company The Utah Itah company compan controls tour lour coal companies owning of oC coal land and acres I of or iron-coal iron lands landt Tho coal lands aro arc e estimated to lo contain l tons o of coal In one s scam cam alone o of which tons belong to The Tho Utah Ulah company There nrc other lands estimated to lo contain tons of oC coal which belong to The Tho Utah company The Thc Utah railway also controlled con con- trolled b by the Utah company Is hs fifty fitly miles In lell length th extending from the tho mines mince at al Mohrland to Castle Castlo Gate Junction on the thc Denver r Rio Grande Dud ond from rom Thistle to lo Provo Pro This road Is modern in iii construction and equip equip- ment foregoing enumerations cover coyer I The Tho only onh the more Important holdings of or United States Smelting Refining Mining company there thero being man many other oilier minor properties and holdings s. s which In the aggregate would make up upa for a 0 corporation corporation cor cor- a very Cn respectable showing outside o of the main holdings which we Wo have herein mentioned InI in detail etall In th the general balance sheet cl as of ot I December 31 Il J InS 1918 the cost of ot properties properties properties proper proper- ties was given i en ns as with total assets of 9 I IThe The capitalization of or this company compan consists of an authorized Issue of ot 37 3 preferred stock 7 per cent ceo cumulative of oC which Is outstanding outstanding out out- standing and common stock of or 37 of oC which Is Is' Is outstanding outstanding out out- standing both Issues having ha a par value of ot 50 per share Th There Thera ro Is 18 also outstanding of year 10 convertible 6 per cent notes note due February 1 1926 1026 These notes are ere r redeemable at and ond interest as a n whole only on an any Interest day clay upon sixty days days' notice and nr are convertible at any time Into common stock sLeek on the tho basis of ot 75 In not notes s for tor each ench chare bare o or of stock having a par por value ot of 50 60 0 per share hare At tho present market price o or of these notes they present t a n. vcr very Interesting Interesting Inter Inter- esting pt from an standpoint with speculative possibilities lUes because e of ot their convertible cou fea lea ture turc In addition to these notes there arc are also bonds o of subsidiary companies outstanding to tho the amount of or |