Show U. U S. S SMELTER MAY I RESTORE 4 DIVIDEND I obstacles placed in inthe inthe Despite the man ninny many tb the WilY way of ot the valley smelting pla plants ts the United Stat States s Smelting Re Refining Mining inin company has gone ahead with with it its work in In a manner manner that n assures big results long lonc before tho the successful installation in installation in- in of at the tho hi big house bouse ouse plant Now Kow Kowit oW it appears that this company has kept nil all of its properties and plants in in such urb excellent shape during dining the f financial stringency f that its carnin earnings s are being increased in n a manner t that at practically assures greater profit distribution This is tho the way a tho the News Bureau sizes up th the situation II The Tbt United States Smelting ng Refining in ing Mining company in common wih with most mining companies compani s i is now showing I a substantial increase in its earnings Iwo Wo We understand t that at for the tho month I of September net earnings amounted to about bout and that tho the October fi figures will probably show nn an increase Tre wi settled set set- over September as the company o er tied ted for copper that month on a a i rising risingS S o. o Ila I Of Of the September carnin earnings s the Pa Pa- property C earned red in n excess of net and md the Mammoth ammoth company com corn pany in excess of while the Centennial Eureka its is lead producers S an and lead smelter in Utah Uth and aud the tho miscellaneous mit ails mis neou el sources of income made up t the be balance of net earnings Utah lead operations are arl now upon a substantial carnin earning basis and the company a is deriving substantial benefits bene bone fits from it its lead properties fis which havo o been tied ted up by litigation until this viar ar arH H With Wih s silver Cr at the lowest point for years ear the the Real pe Del Monte onte company all al of which is owned by tho the United States Smelting Refining fc Mining Ining company is operating at full ful capacity though its output will probably be he belar larger lar er when its iB mills mis are thoroughly attuned attuned at- at tuned luned and is earning in ex excess e s of per month It I is considered conservative con eon to figure figue upon earnings of at t least per annum from this property from now onNet on Net Net earnings s of per month are ue at the rote rate of per annum It requires for the payment of the tho 7 per cent dividends on United nied States Smelting preferred stock tock which would woud leave lea e a balance of for forthe forthe forthe the shares of common stock r ri 7 H i per share as 86 against present dividend dividend divi divi- disbursements of 2 per pH share As As there is every cery evidence that these net carnin earnings s can be bo not only onh maintained main main- tamed but improved upon especially as the company in the thc past has bas shown net earnings as high as aR per month without any returns from its is Mexican property there thre is reason to anticipate a restoration of the old d dividend dividend divi divi- vi rate of 4 per share per annum within a a reasonable time |