Salt Lake Telegram | 1933-09-06 | Page 9 | Silver King to Pay Dividend

SilVER KING TO PAY DIVIDEND The Silver Kin King Coalition Mines Mines' company will pa pay a dividend of 15 cents a share on outstanding capital stock it was announced following a directors' directors meeting at the company offices offices of of- Wednesday afternoon Books will close September 20 The disbursement will be the first since January 2 2 1931 and will amount to The dividend is payable as of October 2 2 Commenting on the matter Vice President W. W V. V Mont Ferry said Since 1931 metal prices have been so far tar below normal that profits have been een impossible and even now with the he substantial increase of wages and the shorter working week the dividend divi dead policy of the company cannot be forecast Metal prices while somewhat Improved Im Im- proved are arc only 60 per cent of a 25 year average The distribution to be made October 2 is largely the proceeds proceeds pro pro- proceeds of oC concentrates accumulated over a year two period and recently marketed