| Show huge dividends paid by utah s great metal mining companies nearly for year grand total is over during the year 1925 the metal mining companies of utah without counting the small companies and leasing outfits that contributed many thousands of dollars disbursed in dividends to their shareholders nearly as indicated in the tabulated record below that is a gain of about over 1924 this showing has never been equaled before but once in 1918 when utah coppers copper s big contribution to the total ran the figures 6 up to more than the figures given for last year do not include ap disbursements made by the big smelting smelling sm elting and reduction companies most of which are also engaged in mining in a number of the camps of the state if their pro ratas of earnings could be segregated and added to the printed list of contributors the past years totals would be much greater than is shown buethe but the record is highly gratifying as it stands I 1 it t indicates that metal mining in the state was never more active and prosperous than it now is and the fact that most of the larger producers have already advanced dividend payment rates for 1926 means that a still greater participation in profits is in store for those who have had the good judgment and foresight to make investments in utah mines in addition to the disbursements made last year several of the big companies have paid their first quarters dividend allotments alot ments for 1926 which were posted in december chief consolidated will disburse its first quarters dividend of loc a share next month and nith ith metals sailing along around present market prices this year is certain to develop a number of new dividend payers in utah not only the better prices of metals but improved methods of mining milling and transportation of ores from the mining districts are also important factors in making the mare go in the metal mining industry not only of utah but the entire mining region of the western country As a result of physical conditions at the mines and the reasons given in the preceding paragraph tintic gintic standard and silver king coalition have made sensational stock market advances the same is true of bingham mines and mammoth and while the houding out of consolidation details have interfered a little with the activities of park utah atall consolidated marketwise the announcement is made that the stock has been listed on the new york stock exchange 6 and will likely make its initial bow to the traders during the next few days with this formality attended to backed by the sensational mine developments in its properties ies and its huge earning capacity backed by cash reserves running into stupendous figures it would seem certain that thi this s com banys stock will not long hold around prevailing prices there is a lot of utah metal mining history and huge earning capacity crowded into the figures contained in in the following tabu tabulated lafed exhibit with utah copper the daddy of them all leading the procession UTAH MINING DIVIDENDS FOR 19 1935 5 names of companies 1924 1925 totals bingham mines inc E B B chief consolidated iron blossom keystone mining mammoth mining ohio copper at park city M S before park utah before merger salv silver r king coalition tintic gintic standard utah apex utah copper totals this total includes both the park city M S and the park utah if past payments of the ontario and daly both of which practically belong to the park utah consolidated were added the total would run over DIVIDENDS FOR EIGHT YEARS COMPARE AS FOLLOWS total dividends paid in 1918 total dividends paid in 1919 total dividends paid in 1920 total dividends paid in 1921 total dividends paid in 1922 total dividends paid in 1923 total dividends paid in 1924 total dividends paid in 1925 total for the eight years grand total of dividends paid by utah mines to date |
