| Show utah s biggest silver lead mines announce dividends aggregating more than and make fine reports since the beginning of the month four of biggest silver lead zinc ore producing companies have posted quarterly dividends aggregating a sum which added to their previous contributions to the count rys wealth brings the grand total of these companies up to the latest report to come in is that of the binham mines company which has the smallest share capitalization of any mining company operating in the state last week the company posted its second quarterly dividend for this year in in the sum of 1 a share or approximately C this disbursement will be made on june 30 to stock of record next Satur saturday dav the and brings the grand total to date up to silver king coalition posts a share the silver king coalition mines company posted its second regular quarterly divi dividend bend of a share on the ad instant it will be checked out on july 1st ast to stockholders of record on the books of the company on the when the transfer books will close until the day of distribution this dividend the forty third paid by bv the silver king coalition mines company amounts to and brings the grand total of disbursements of the comiano corn comi pany any since its t reorganization reorganization on may 20 1907 up to prior to the reorganization in 1907 the properties of the company had bad paid in dividends so that when the forthcoming coming disbursement is made on july 1 the official grand f total of silver king kine coalition mines company dividends will aggregate J however if the company were Ais disposed posed it could no doubt doubt rightfully claim a total of approximately since previous to the old keith kearns partnership from f production taken out of mines now held bv the company 1 dividends and profits amounting to were derived ot lot counted in the official total of although this will make the third dividend for 1926 it i is is officially known as the second quarterly dividend the dividend 0 of f 1 which covered earnings of the la last st three wee months of 1925 is not considered s part of 1926 dis I 1 bur ur the first dividend for 1926 was distributed april 1 park utah pays and renders statement directors Ii rectors of the park utah consolidated mines com nv blared declare 4 a dividend of 15 cents a share aggregating tn pable tuly july 1 to stockholders of record today tune 15 this dividend the third quart quarterly e clr two having be n paid mid 2 and april 1 re during the year on january eliv et IV will n ni ale total disbursements for the properties lnell beld bv the phoc mah consolidated mines company reach atohi tot 11 of 31 an Du durin duriez the te first quarter of the year from january 1 to ta tf april 1 the park utah consolidate mines company ac cording to president and general manager george W lambourne shipped a total of tons of or ore e averaging 1909 a ton total gross receipts als from ore shipments were sm oc 81 i interest of increased the total receipts cei pta to should the rate of production be maintained throughout the entire year of 1926 that has prevailed diled during the first au quarter arter figures fot for which are quoted the company will exceed the output of gold and silver during 1925 when new high marks were established and the park utah consolidated mines company with a record of ounces of silver marketed became largest white metal producer mine operating and administrative e expense amounted to leaving an operating profit before taxes and depletion of plant expenditures income taxes and the april 1 dividend of reduced this sum to the net amount added to the surplus cash and bond balances as of april after the dividend of that date totaled development on the 1800 foot level of the park utah uta h mine continues to add to the already large ore reserves exposed on that horizon the shaft from the 1500 to the 1800 level has been completed and a station cut for the new hoist having a capacity of 1000 tons daily A permanent pumping equipment capable of handling a maximum maximum of gallons a minute has been installed 1650 level started tabular profit and loss statement for the park utah consolidated min mines es company for the period from january 1 to april 1 follows RECEIPTS tons average 1909 interest miscellaneous receipts total receipts expenditures mine operating expense insurance and administrative expense 1 tot total al operating expense operating profit before taxes and depreciation plant expenditures portion potion 1925 25 income tax dividend no 13 payable apr aar I 1 total expenditures net amount added to surplus BALANCES AS OF APRIL 1 1926 1926 bank balances 0 7 2050 00 TJ S sc securities at py p ar r notes receivable total after dividend no 13 tintic gintic standard pays has surplus the tintic gintic standard mining company will pay its second quarterly dividend of a share or bringing its grand total of disbursements up to on june 26 of stock of record june 16 according to an announcement of assistant gen general eral manager james W wade two other dividends have been paid by the company during the current year one of a share or an extra dividend on january 1 and the other of a share on april 1 for the first quarter of the year notwithstanding lower metal prices increased ing efficiency and larger output has augmented revenues of the company for the first quarter of 1926 to figures surpassing those of the first quarter of 1926 net earnings for the first quarter of the current year after depletion depreciation and taxes amounted to as compared with net earnings of for the first quarter of last year the excellent condition of the mine and the significance of this record becomes more apparent when metal prices are compared during the first quarter of 1925 the blead was a pound and silver an ounce prices for lead and silver during the first quarter of the current year dropped to a pound and an ounce respectively production of silver during the first quarter of last year amounted to pounds of lead and ounces of silver during the first quarter of 1926 the company produced pounds of lead and ounces of silver on the basis of figures released for the first quarter by mr wade the tintic gintic standard mining companas Comp anys net earnings are at the rate of or approximately 1 a 1 share dividend requirements last year were or a share leaving at this rate of earning and disbursement i approximately a share or for surplus net quick assets as of june 1 including ore in transit cash in bank and bonds were approximately |
