Show COPPER DIVIDENDS SHRINK the way of the copper stockholder is hard producers have found the odds heavily against them since november 1918 when the war theoretically ended A huge outpouring of copper induced by war demands piled up a huge surplus and postwar post war consumption has failed to reduce it says the boston news bureau this has found grim reflection in the dividend record sixteen of the leading copper companies have passed their dividends entirely two have reduced them and if one were to consider the small mining companies compa nies who have irregular dividend records the list of companies who have eliminated all disbursements to stockholders would be much larger ah th e utah copper company due to a strong treasury has weathered the storm longest 4 4 it cut its dividend from 10 annually to 6 shortly after the armistice in 1918 and still maintains per share quarterly the company is conspicuously strong in cash and cash assets outside of copper inventories in december utah had in cash liberty bonds and foreign securities to a lesser degree ray consolidated was in the same position it owed no money and had in cash and cash equivalent enabling it to continue quarterly dividend of 25 cents per share the same conditions obtaining in copper have prevailed in zinc the american zinc company in january was compelled to pass its per share preferred dividend the first time on record the united states smelting smelling Sm elting refining and mining company being hit by the combined slump in copper zinc lead and silver was forced to reduce its common dividend from to 50 cents quarterly the table below shows those producers who ho have cut or passed their dividends together with date passed and the previous rate previous quarterly date passed dividend div 1920 u ahmeen ahmeek december allouez march 1919 1 gg 1920 anaconda december calumet hecla september 1920 A p cerro de pasco february 1921 zi 37 chino december 1920 50 copper range november 1920 18 g 5 1919 i granby may alay 50 greene cananea cananda december 1920 19 inspiration december 1920 go 50 isle royale september Sep tembert lai 1919 00 1921 mohawk january gg 25 nevada con december 1920 1 00 old dominion march 1919 0 1920 o 5 50 october osceola 1920 19 1 quincy june julie 1920 JO p U S Si Sm elting december 1 50 1920 wolverine march reduced to go 50 cents |