Show Mines ines Pay 1807 Divid Dividends Copper Gold Output S Sets ts Record Value of Metals Mined in 1928 Gains I UTAH MINE DIVIDENDS 1928 I Chief Con First quarter GO Second quarter ThIrd lurt quarter l Fourth quarter S Total J lutus 60 Sliver King Tin Std 00 Park Pl Ut fling Ding Mines Utah Apex U.-Apex Cop No Lily Lily Grand tot Note The Note The tabulated dividends with the exception o of that of ot Silver Sliver King Icing Mines Mine company Include only those paid In 1928 1925 Dividends declared In December 1928 1028 but not payable until January 1929 are not listed nor Is any consideration taken of ot companies companies com corn which probably will declare dividends during the current month or early In January on 01 earnings ot of 1928 Utah companies such as nl nico o Argentine Argen- Argen tine which derive their ore oro production tion from outside outs Utah are not In Included In- In eluded nor are those companies which are owned by smelter concerns and whose Whoso dividends are tabulated with those of or the parent company such as the Utah Delaware S Four outstanding accomplishments accomplish ments mont make 1928 the greatest year in Utah mining history since 1918 the the record wartime year They are 1 Dividends I-DivIdends paid by Utah mines during 1928 amounted to an increase of more than 2 over 1927 and more than has been paid in any single year sir since ice 1918 1018 I 2 Copper 2 Copper production f for r the year sets a new nev state record record- and firmly I establishes Utah as the second largest producer of the red metal In the country The estimated production production production pro pro- for the year ear is pounds Gold production product on also shows a substantial Increase the figure being estimated at as compared with in 1927 3 3 The The gross ross value of or minerals mined in 1928 Increased nearly 13 over o last year Unofficial pr preliminary estimates place the tile I amount at 4 Total 4 Total tonnage e of or ore mined estimated at at tons is anew a anew anew new high peak and is one and one- one half million t tons ns more than was mined in 1927 the tIle year of largest was production in the las last decade While decre decreases ses WeT were made in the production of silver lead and zinc due to curtailment because of low metal prices during the early months of 1928 these decreases were more mare than offset by the huge hug gain aIn in the copper output Despite th the fact that these redu reduction c- c tion were made Utah still maln- maln S Its rank as first In production production tion of silver sHyer second In copper sec second ond end in lead ledd fourth In zinc and sixth In gold The The- increase in dividends durn during the past year was was' due duo to a great extent to to the fact tact that the Utah I Copper Coppett company compan increased eased its divi I rate twice during the current year ear as as he price of copper ad ad- ad The rate was raised from fron for the first two quarters to 2 for fOl the third and 3 for fOl the fourth quarter I Dividen Dividends ls for the fourth quarter amount to and for the full fun YC year lr bringing the grand rand total of f disbursements up to The Utah Copper com corn company company pany is controlled by Copper Corporation Another factor in the Increase was the entrance of oC the North Lily Mining company into the dividend paying class with the payment last October of 20 cents a share amounting amounting amount amount- ing ing- to The Silver SlIver King Coalition Mines company early in December posted the regular quarterly dividend of 25 cents a share and an extra Christmas dividend of 10 cents a I share With the payment of these dividends the company's dividend list is swelled to The Tintic Standard declared the regular quarterly dividend of or 20 cents a share and an n extra dIvidend dividend divi dIvi- dead of of 20 cents to be toe paid January January January Janu Janu- ary 3 These payments payments' will bring brin the tile grand total of dividends paid to approximately The Park Utah Consolidated Mines c company has Ilas posted pOstel the tile regular regular regular reg reg- ular quarterly dividend of 20 cents a share bringing the total disbursements disbursements disbursements dis dis- dis- dis of or the company up to approximately The Bingham Mines company de declared declared de- de dared clareda a a. fourth quarter quartel dividend of 50 cents a share a a. decrease of 50 cents over preceding quarters mak making making t ing the Uie payment Total disbursements disbursements dis dis- of the company now i are 13 |