Show mining ml nl company dividends DI vl bends the judge mining smelting smelling Sm elting company operating at park city utah under the management of george W lambourne has declared its regular dividend no 27 of 25 cents a share payable on april 1st ast to stock of record of march this calls for the distribution of on the shares outstanding and will bring the grand total for the company to the company has paid at the rate of 1 per share each year since 1914 in that year and in 1913 the payments were at the rate of 60 cents per share per year shipments from the judge property the first two months this year were 1210 tons of crude ore in january and 1044 tons in february it shipped a total of tons in 1916 and stored something like tons of zinc concentrates from its mill to be treated by the new electrolytic zinc smelter now in operation the production by the judge in 1916 was tons that in 1915 was tons in 1914 and in 1913 the annual report of the judge company was issued recently in it mr lambourne says in part your company is now lill he owner by deed of conveyance of all the property assets tunnel water and power contract formerly owned by the snake creek mining tunnel company A digest of the finances for the year shows that there was received in cash from the sale of increased stock profit over operations from products sold deducting from these amounts the expenditures for reduction plant construction and site and other construction work and the dividend payments of shows a reduction in our surplus of in this connection however there should be taken into consideration the value of tons of unsold zinc concentrates with a market value sufficient to make the profits up to dividend payments but which have been stored awaiting treatment in our own reduction plant on account of the expiration on april 1 1916 of the favorable zinc ore contract under which we had been operating for the two years previous to that date and our inability to further contract till this is product at figures which would seem anywhere near right it was thought prudent to store our zinc concentrates pending the operation of the reduction plant the result being the accumulation of the tons above referred to this product is of a splendid grade and should reduction plant results prove to be anywhere near where calculated returns show and the prevailing spelter prices continue the revenue from this source will be beyond comparison with previous years with the present production of zinc concentrates from our concentrating mill together with the tonnage stored the capacity of the reduction plant will be taxed for the next seven to eight months Not notwithstanding with star ding the excessively high price of all material used in our operations and tile the insufficient and high cost of labor the outlook for the ensuing year indicates one of continued prosperity |