| Show U S SMELTING ISSUES REPORT on declaration of a regular quarterly preferred dividend of cents payable april 15 to stockholders of record april 6 the directors of the united states Si smelling smelting Sm elting drefin int ing mining company made the following statement the annual report for 1921 shows consolidated profits for the year ot and after providing reserves of for depreciation and depletion and for federal taxes and additional reserves the net profits last year were the preferred dividends declared during last year amounted to consequently the surplus on the consolidated profit and loss account was reduced by to the bonso conso consolidated earnings from operations for the first two months moi its of this year are estimated at and after providing reserves for depreciation and depletion and reserves for further exploration work in mexico aggregating in all the net earnings for the two months will show about the earnings for the month of march are not yet known but it is estimated they will be more than sufficient to show the preferred dividend of now declared for the first quarter earned in the three months period in mexico the ore milled averaged tons per month in january and february as compared with an average of tons per month for the whole of last year operating conditions at the metal mines smelters shelters sm elters and refinery in the united states have somewhat improved in these two months and it is believed that this improvement will continue at the coal properties coal mined in the first two months of this year averaged tons per month as compared with tons per month in the corresponding period last year 2 |
