Salt Lake Telegram | 1931-11-11 | Page 14 | Close up of-

j CI Close Up 8 Up Of Of- Of j ju U U. 8 S. SMELTING REFINING I AND MINING COMPANY t I An Analysis Analysis' lyst b by Standard Statistics Statis tics company 0 I Properties controlled by this II II I company and its subsidiaries are widely diversified both in output and arid location Principal metals lead Head zinc and silver are produced in Colorado and Mexico Coal and iron mines are arc operated In Utah and anti New Mexico and gold properties properties' in Alaska Alasa are arel increasing in Im lax- Capitalization Includes Includes' in includes in- in eludes eludes' shares of o cumulative preferred followed I Iby by a slightly larger issue of common shares Common dividends divi are being paid at an anan anang an annual g nual rate of 1 the last distribution dis I having been made on October 15 Improvement in cash position since the first of o the year suggests the the ity of continuation of ot this rate temporarily at least even if I 0 not earned I Earnings for 1930 before ad additional ad- ad I reserves amounted to a ashare share as compared with a share in 1929 Net for forthe the initial eight months of ot the current year equaled 19 cents a S share hare contrasted with o oIn in hi like Uke period of 1930 1020 Recent I curtailment in production ac activities ac- ac coupled coupled with the improbability Improbability im im- probability of any favorable 0 near term tenn change in metal prices indicates only a a. small per per share net Income for the I full current year