OCR Text |
Show Ik U, S. Company's December' Mend Tips From the East Confused With Transfer by Centennial to the Parent Organization. "While it is quite positive that the United States Mining company will present Its shareholders with a dividend divi-dend In December, the recent announcement an-nouncement appears to have been premature. pre-mature. The bulletin recently sent out from Boston was, according to Information at the local ofllces, the result re-sult of a misapprehension, the treasurer treas-urer of the Centennlal-Eureka Mining company, which is but one of the big units In the parent company's estate, having simply made a transfer of $1 a share, or $100,000, from the treasury of the former to the capacious vaults of the latter, from which the approaching dividend will be paid on the order of the board of directors. A remittance from the United States "Melting" company, com-pany, which was made around the same date, and which latter, notwithstanding notwithstand-ing Its bulk, appears to have been overlooked by those on picket duty, was also placed to the credit of tho parent company all this preliminary to the December distribution. In similar simi-lar manner the management expects the Mammoth of California, which was acquired the present year, to come forward for-ward with its contribution to the dividend divi-dend fund In 1905. the system at Bingham Bing-ham having already done as much, while Its fluxes have affored means that enabled the smelting company to attain the most economic ends In the reduction of ores from all sources. |