Show UTAH METAL DIVIDEND the utah metal tunnel company owner of a big estate at bingham utah has posted a dividend of 50 cents a share calling for approximately to be paid february to stock of record of february the company paid its initial dividend of a like amount per share totaling on august 15 1916 so this brings the total from the present company to the utah metal took over the bingham new haven about a year ago the latter company had distributed so the total from the property is Addi additional tonal machinery is now being installed at the mill of the company which will bring its capacity to tons a day the management reports a number of new ore bodies in both the utah metal and bingham new haven portions of the ground the report of operations at the property for the first nine months of 1916 recently issued shows a total gross income for that time of with expenses of leaving an operating profit of the total cash assets on october 1st ast were the bonded indebtedness during the period was reduced leaving outstanding total shipments of ore and concentrates were 60 tons of a gross value of 1562 showing average mining costs of per ton and milling costs of per ton A total of feet of development work was done in the course of which tons of ore were extracted the suit brought by stockholders of the old bingham central standard company which involved the legality of the reorganization of the utah metal company was dismissed during this period after a full hearing |