Show around the state the utah apex mining company operating in the bingham district will pay 25 cents a share january 15 to stockholders of record of january 10 this is the thirteenth dividend of the company the united states smelting smelling Sm elting refining 7 mining comi pany is paying a quarterly dividend of 87 cents a share or 1 per cent on the preferred capital stock today to stockholders of record at close of business of january 8 the offices of george H watson company have been removed from south main street to those formerly occupied by harold R smoot company in the hotel uta utah headquarters of the several alta mining companies including the emma and the alta merger will also be at the new location A promising lead of silver lead ore is being followed on the level of the little may property in the south tintic gintic district according to manager john matson assays essays of samples sent up from the mine by superintendent shows that the ore carries ounces of silver and per cent lead on the ath instant the united states senate agreed to senator smoots amendment to the treasury department appropriation bill making available to continue ol 01 operation of the salt lake assay office for a year beginning july 1 next this item now goes back to the house where it is believed it will be accepted V A new york dispatch of the ath instant says directors of the american smelting smelling Sm elting and refining company today increased the annual dividend rate from 5 to 6 by declaring a quarterly dividend of on the common stock payable february 2 to stock of record january 16 since the resumption of common dividends on august 1 1923 the company has paid quarterly from june 15 1916 until december 16 1918 quarterly was paid george A brockington was elected secretary to succeed W E marriss who has been pensioned manganese ore from a deposit near the old ibex mine mine in what is known as the drum district is now being shipped to the plant of the columbia steel corporation at ironton the deposit from which this manganese is being mined is one of the largest in the entire state and as broken down the ore carries from 25 to 30 per cent manganese being ex free from sulphur harry S joseph who is interested te in the property along with william black and frank pratt both of oasis states that the present contract with the steel company calls for about thirty tons a day and that he expects to ship not less than tons resolutions condemning the movement to enact a bill providing for the licensing of engineers were adopted by the utah section of the american institute of mining and metallurgical engineers at the dinner dance given in h honor onor of governor and mrs george H dern last friday night at at the hotel newhouse the idea of licensing engineers was opposed on the ground that the enactment of such legislation was unnecessary and detrimental to the welfare of the fhe engineering profession and the public brief addresses were made by professor robert S lewis who p presided resided and by governor dern after the dinner the evening was taken up with dancing net profits of the bingham mines company and its 97 per cent owned subsidiary eagle blue bell should be ae over for december this is after reserves for taxes but before depreciation and depletion and compares with avith net of in november in october and 30 in september bingham mines is one of the largest lead producers in utah with properties located in the bingham and tintic gintic districts final net earnings for 1924 before property reserves will approximate this is equivalent to over 4 per share on the shares outstanding the company finished the year with net current assets of over and the ratio of current assets to current liabilities will show nearly 5 to 1 |