Show U S SMELTING IN MEXICO the united states smelting smelling Sm elting refining mining company reports that it earned close to for july and over for august from its mexican properties constituting the first sizable monthly profits reported from this source thus far this year from now on this companas comp anys silver properties across the border are expected to roll up at least a month osti estimates mates of the final quarters net earnings from this source running as high as SOO in july the mexican mills were able to get up to tons treatment as compared with tons rated capacity it is believed that this efficiency can be maintained as the labor situation in mexico is very good the companas comp anys directors have issued the following statement regarding earnings of the corporation the earnings in the eight months from january 1 to august 31 1917 have been approximately after providing all interest charges and reserves for depreciation and exploration but before deducting federal taxes for the current year these earnings are at the rate of 7 per cent per annum on the preferred stock plus per share for eight months on the common stock or at the rate of about 1356 per share per annum 2712 on the common stock the federal taxes including excess profits tax cannot at the present time he be determined but after allowing liberal estimates for these taxes the earnings justify a dividend of per share on common stock for the quarter |