Salt Lake Telegram | 1912-03-26 | Page 10 | Centennial-Eureka Pays Dividend of $1.50 per Share

EUREKA PAYS Of PE SHARE SAR While made mado no announcement i is over cr locally of the time mine di dividends it i rl may be he of interest to you Ol to know that thai that last last week this company passed nr around among its shareholders This is the first payment made in 1912 and mot most of tho mono money g goes es into the time United States c company treasury as that company campau 9 S i owns shares of tho time sharo issue of tho the Centennial company Thoro Thero Thorois i is scattered shares ot oi this stock among about hont four shareholders who ho steadfastly refuse to accept 1 any price for their holdings holding thus titus requiring a separate organization being maintained 1 by the United States com company pal I The Eureka Centennial mine mile h has been the thc largest producer in the tho Tintic Tintie camp for a number of years It I was waR formerly held by a few people of this c city th the capitalization originally being for only Olly OOOO shares bares After in ha having paid s several cral million milon dollars in dividends divi to its is fortunate shareholders it ita was a sold to the time United States Smelting Company for a couple of million dol dol- ol Jars lars Since the United States company com coni- I pany acquired d tho the property there has mus been beon Jo dud distributed ri O in I divi divi- ivi The last dividend di before theone the tho one paid last Jast week was for 15 a share and LII was made mae September 30 1911 HIlI Eureka Centennial is producing g sil silver sio ver or lead nn and copper ores orts in large Jarge quan Some Sonie of this is a low OW grade product pro proS duct but the average ra e of tho the mine gives the company fig big biJ profits The Thc largest profits since Hince in c tho the United States company took over o er the property and began to pay par dividends in 1903 HOI was two years later when 1150 a share haro was distributed During 1909 time company com corn I pany pan did a lot Jot of now work worle hud and in installed in in- in stalled heavy equipment to handle time the water and no dividends were va paid During Dur Duz- ing 1910 JOlO HIO and Ml 11 1 them ther was vas distributed 0 r a share annually tn In two tO payments pa of 3 43 each This last Jast payment of ir 15 11 a n share is taken en by hy sonic to indicate te that the Jr of the time ore som is IS not a as high I a as it was formerly and that smaller profits ma may he be expected eel in the future