Salt Lake Telegram | 1928-01-01 | Page 30 | Record Dividends Mine Operators Answer to Skeptics during Past [Illegible]

Record Dividends Mine Oper Operators tors Answer to Skeptics During Past Y YI Industry Entering 1928 With Greatest Prospects in I tory or of State Seven Comp Companies nie Pay to Stock holders in 1927 Dividends Dividends' i Earned med With Wit Large Amounts Amount Added I 1 to Surplus I With Wih the passing of ot 1 1927 27 and the opening of 1928 Utah r companies will complete the payment to S Uth 1 wl stockholders of of 15 e the greatest amount of dividends ever ver paid outside of the peak t This his has been accomplished in the face of depressed wars war's a Vh When n Utah's lead lead liver mines first firs started piling up metal m lead leat was was arou around d 8 9 0 and 10 cents a pound and ping the mines record earl can Xa th the bendi fit benefit of or 1 silver through the Pittman Pitman act There Thera had had uJ ju juthe ju S skeptics who said when lead dropped to o 6 G cents bents and silver Were cents and copper below v 13 cents that Utah's mines siver bel i forced t to cos close down or show an loss Joss would MM cun r The Tho mining operators of th the have answered this by highest dividends in tory of the r tor state and an not not- showing shi largO large operating profit proms profits fits sur sufficient to pay the J 1 Ia dividends and large amounts away way into surplus As what amount above divIdends s t t been made will not be wi known kno the annual 1 reports of the ot van at companies covering 1527 1927 ODe opera are published but It is I s kno known has been stated by the leading ot of Dividend that earnings were far ai e 0 I P requirements a T The foll following wing table shows show 1927 dividends paid by Utah Sn Bingham Mines Co Co 2001 Cardiff Mining Co w Park Utah Con M. M Co S Ot M Mining ning Co Sw Silver King Coalton Coalition Mines Co i 7 Tintic Standard Mining Wining Win Min ing Co Utah Copper Co Total The for outlook for fOl 1928 1921 os is a b llant lant one for forthe the mining Utah The Tho showing made In I shows hows conclusively that these 1 Ie ic ing silver lead lead siver-lead stocks of Uta Utah a good investment rather Uth tha than speculative stock that should shunned The Tho failure of f Utah Ual to appreciate and un und mid stand these leading mining pani s has resulted c co cc in large Jarge amo amou of the floating stock of ot these c co cc panics passing into the hands o of In the to past east eat hans the leading and most lucrative 1 t of ot the state has reach condition where its is dividends at time when the industry is la at at best best are going to investors outs at the time state out Higher metal markets In 1828 ms predicted This wilt wU wean mean 1 creased activity in mining wi the state Large Irge fin financial wit tons are d developing Utah's rain mine miner resources resource and spore more ore i f is t tt spent in 1928 A fe few v mines Ji i. i 1 suspended dividends in 19 1027 1927 1 l in a position o o resume so that there is little Ute room for for sic so far as Utah's mining Industry 1 concerned