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Show CHIEF CON. DIRECTORS TO MAKE DIVIDEND! Despite Uncertain Times in the Mining j Industry, Distribution Will j Be Made. j Special to The Tribune. J EUREKA, Jan. 5 Directors of the Chief Consolidated Mining company are scheduled to meet for dividend action : on the Sth of this month, and notwithstanding notwith-standing the fact that these are rather . uncertain times for the mining industry : it is understood that the- regular div- , idend of 10 cents per share will be de- clared. ! it is reported that the Chief Consolidated Consoli-dated i;losed the year 1917 with a cash balance of nearly half a million dollars, which is practically the same surplus that was carried over from the preceding preced-ing year, and when we stop to consider that the mine has spent a vast sum of money in new territory and equipment equip-ment and in increasing operating expenses, ex-penses, and at the same time has been, prevented, through smelting embargoes, from shipping its normal tonnage of ore. it f.an readily be seen that an unusually unu-sually fine record has been made during the past year. War taxes are expected to take in the neighborhood of $200,000 from this company, and, realizing that this heavy expense must be taken out during the present year, there has been some little uncertainty regarding future dividends, but now that the mine has acquired all the needed territory and has the property prop-erty most thoroughly equipped with machinory, efforts will be made to keep the mine on a permanent dividend basis, maintaining a splendid reserve and at all times keeping tar enough ahead with development work to assure the permanency of the enterprise. |