Salt Lake Tribune | 1912-12-06 | Page 2 | Goldfield Con. Passes Dividend; Howe Talks

GOLDFIELD CON. PASSES DIVIDEND; HOWE TALKS Special to Tho Tribune. XEW YORK.. Dec. 5. At a meeting of the directors of the Goldfleld Consolidated Mines company today it was decided not to declare the regular dividend quarterly disbursement of 30 cents a share, due at this time. After the meeting, Secretary L. A. Howe gave out the following statement: state-ment: t , , "Tho directors of the company at their mocling today concluded to omit the disbursement dis-bursement of a dividend. The company s dividend disbursements have equaled $23,-83.9,667. $23,-83.9,667. Dividends at the rate of 30 cents per share require quarterly net earnings of $1,067.74:1. Tho earnings of the company at the present time and for the past two calendar quarters have been less than the above amount." Secretary Howe added that tho reason prior dividends were continued was because be-cause of a large cash reserve.