Show ENGELS COPPER EARNINGS SHRINK AND DIVIDEND IS REDUCED ONE HALF engels copper which has suffered a somewhat drastic decline in the market during recent months in anticipation of a reduction in the dividend has now come out with its report of operations for the six months ended june 30 states the goldfield news of the ath instant this shows an all operating profit of before charges the company has retired of the outstanding bonds by purchase in the open market leaving a balance of still in the hands of the public dividend distribution trib ution for the six months totaled being at the rate of one cent a share a month this dividend rate has now been reduced to one half cent a month as earnings have been insufficient to maintain the former rate the balance sheet shows cash on hand of receivables materials and supplies are inked at iner mercantile cantile department and ore broken in is set down at the figure of including this last amount total current assets are placed at ar while total current liabilities are stated to be the company is really in a healthy condition and the conservative policy of the management is to be commended |