Salt Lake Tribune | 1915-09-12 | Page 43 | King Coalition Posts Dividend

KING COALITION POSTS DIVIDEND Checks, Aggregating $187,-500, $187,-500, Will Be Mailed on October 1. Checks for dividend No. 16, aggregating aggre-gating $187,500, will be mail ed to stockholders of the Silver King Coalii tion Mlues company ou October 1. The dividend amounts to 15 cents per share and brings the grand total paid in dividends div-idends by the property up to $13,5o4,-885. $13,5o4,-885. The niine( which is located in the Park City district, is in excellent phvs-ical phvs-ical condition. Between 3000 and 3500 tons of criulo ore and concentrates are being sent out each mouth by the company. com-pany. Trie dividend will be paid to stockholders stock-holders of record of September 20 and the "books will remain open until the close- of business for the transfer of s.tock on that date. They will then bo closed and remain closed until the close of business on October 1, after which they will reopen for the transfer of stock. The Silver Kinfj Coalition Mines company began paying dividends of 15 cents per share on August 1, 1907, and with the disbursement of dividend No. 15 the Silver King Coalition Mines companv will have paid a total of $2,-722,385." $2,-722,385." The dividend paid by the Silver King Mining companv priOT to its incorporation into the Silver King Coalition Mines companv amounted to $10,675,000. Th work of installing the flotation plant' in the mill of tne company is being pushed rapid lv to completion. The new process WUl cut the tailings thnt are now going to the creek practically prac-tically in half, will materially raise the percentage of ex-traction now being made nnd at the same time will work a material reduction in the operating costs.