Show NET EARNINGS FOR DIVIDENDS in commenting upon the outlook for the united states smelting smelling Sm elting refining mining company the new york news letter says notwithstanding disappointments over the forced reduction in output of copper by the mammoth copper company which has been an extremely profitable producer of copper in the past the united states smelt ing refining mining company is able to maintain substantial earnings at the rate of about 5 per share on its common stock from now on it is not safe to figure that the mammoth will contribute over pounds copper per annum and this 50 reduction in output which has been forced by reason of the inability of the company to handle more than the output of two furnaces with its system necessarily increases cost our salt lake city correspondent quotes mr holden as stating that the present copper can only accommodate the operations of two furnaces as the dust clogs the bags to a greater extent than in lead smelting smelling sm elting where the system works perfectly in copper operations a larger bag area is demanded than in lead it is figured that the restricted operations at the mammoth plant decreases net earnings about per annum the mexican end of the united states smelting smelling Sm elting refining mining company is however contributing to net earnings at the rate of about per annum while the cen tennial eureka can be counted on to contribute and the bingham properties then again the new needles plant will soon begin to contribute to profits net earnings therefore should total about and of these net earnings preferred stock dividends call for leaving for the common stock dividends or about 5 per share upon which issue 2 per share per annum is now being paid n 0 |