Show huge holiday dividend payments of utah mines are featured by extras and advance of rates dividend disbursements by the big mines mines of utah during this month and to the second day of next month inclusive and inclusive of the states premier copper bonanza the utah copper which pays 1 a share or on the aggregates considerably more than local features of this exhibit consist of the increase in rates of payment announced by the tintic gintic standard and the silver king coalition companies and the fact that the ohio copper company has checked out its initial payment there still is time for other companies to make declaration before the end of the year of dividend payments among these are the park utah chief consolidated and keystone each of which is capable should it be deemed advisable however chief consolidated has been making such I 1 large expenditures for mill construction exploration etc that it is hardly expected that dividend a action will be taken until year park utah also has been under heavy expense in in its mammoth campaign of development exploration etc so that it iv will ill not be surprising 6 if the management decides to forgo a holiday distribution keystone has been operating at a substantial profit during the year but the contemplation of mill enlargement 6 and improvements may ay decide the management to hold off dividends for the time being payments announced for this holiday period are e as follows tintic gintic standard silver king coalition park city mining smelting smelling Sm elting ohio copper utah copper A total of if 4 th at t going to press time the announcement comes that the bingham ne ang ham mines company will pay a share or 47 w on january ad making the total just that much more iden utah copper has as declared the regular quarterly div Nn dp of 1 a share payable december 31 to stock of record aniber iber r 12 the payment calls for a distribution of 1 alid da r and makes a total of or a share since organization recal arty A very small part P of the present payment will 6 go go di to the public however as copper owns ohp or 90 holders hold of the stock renewed offer to those utah share s wh who 0 did cl the basis of 13 1 not come in on the first offer on 31 11 shares ares of 0 f for one of utah expired october utah atit it 11 i ls s understood stood the offer still holds good to those the shar e holders who can show that they have owned stock f for or some time back the tintic gintic standard mining company will pay its regular quarterly dividend of a share on the to stockholders of record on the while an extra of a share on which the books also will close on the will be checked out on january ad this combined dividend aggregates gre gates during the current year the company paid an extra dividend dividen d of in january a regular dividend of in march and two regular dividends of in june which with that declared this month brings the total for 1924 to according to a recent statement of president and general manager E J the company has a cash and bond surplus of over the company has been producing an average of fifty carloads of ore a week or more than tons a week not all of this is direct shipping ore as part of df the weekly output is consigned to the companas comp anys mill at harold according to anjou announcement n ce me nt made early in the month stockholders of the silver king coalition mines company will draw down a dividend of a share on january 2 books will close at the end of business on december 20 and remain closed against transfer until january 2 when checks will be mailed and books reopened for transfer the disbursement of january 2 amounting to will give the company a dividend record of decision to pay a share for the first quarter of 1925 as compared with a share for each of the four quarters of the current year was reached at a meeting of directors recently held for dividend action during 1923 the company coni pany paid two dividends of a share and two of a share to stockholders in addition to paying a share to stockholders during the current of million dollars the company year or n nearly early three quarters a has paid out approximately for the purchase of stock control of the silver king consolidated mining company the excellent financial status of the company is attested by the fact that january 1 1925 will see the company after maintaining during 1924 quarterly dividends and expending for property with as large a surplus as it had at af the first of the preceding year the physical condition of the park city bonanza is reported to be excellent production has been averaging about 1600 tons of ore and concentrates a week the park city mining smelting smelling Sm elting company george W Lani lambourne bourne president pre it and general mai manager iager has also POs posted ted a quarterly dividend of a share upon wh which ich the books close t today oday with payment to follow january ad this is the fourth dividend of 1 to be paid laid by this park paik city company this year and brings the gra grand nd total of div 2 1923 or ident disbursements to since january a total of per share conditions at the park city mining a and nd smelting smelling Sm elting properties it is said never have been better than th an at the present time new ore reserves are continually being up 1 and the future prospects of the company are said to be bright ore shipments from this mine have been increased during the past few weeks jc y on the ad instant the ohio copper company disbursed its initial dividend of ac a share on shares of outstanding stock thus the amount paid was the company had outstanding bonds on the of november amounting to of these were converted into stock at par so that the company now has outstanding of this issue only the converted stock participated in the dividend during the eleven months of this year the company has produced pounds of copper at a cost of per pound as compared with a cost in 1923 of per pound there is said to be more than tons of ore broken in the mine at the present time which is amenable to leaching while many millions of tons more is ready to be broken down at nominal cost whenever it shall become necessary ohio copper is the lowest copper producer in the world today and it is likely to hold that place for many years to come thanks to general manager S K kellock who has converted a lost hope mine into a dividend pay lay ing proposition with a bright future ahead of it |