Show I Mines Mines and Men Me MenAt I At a meeting held November 5 6 the di directors directors dl di- rectors of Utah Metal and Tunnel company company com corn pany declared a dividend of oC 30 cents per share amounting to payable December 10 to stockholders of record November 30 This makes the total dividends divi divi- beginning August 15 1916 of This it I is stated stated will wi leave the company compan w with th cash and metal on 01 hand and accounts receivable of over ove Stocks of spelter In the United States Staten State have grown to the largest amount on record there having accumulated at smelters on 01 Se September 30 30 according to government figures tons against tons at midyear and at be beginning beginning beginning be- be ginning of 1917 Since the end of oC the third quarter or during the month of October the accumulated supply has ex expanded expanded ex- ex to over tons with wih prospects prospects prospects pros pros- of oC further Increases provided production production production pro pro- holds up and demand does not improve Much lluch of the prime Western Vester spelter being produced today tody is turned out at a loss American Smelting and Refining corn oom- pany declared regular quarterly dividend of 1 11 per cent on preferred payable December Do- Do comber cember I 1 i also regular regular quarterly ui of uia 1 11 a aper per cent on common payable December 15 Books on preferred stock toc close November November November No No- vember 14 1 reopen November 23 on 01 common common cornmon com corn mon stock close November 28 reopen December December De De- cember 7 According to reports received b by J. J A. A Hogle Co the week weel opened with a abettor bettor better beter feeling in Iii New York The consensus consensus consensus con con- of these reports was The sentiment sen sen- Is somewhat Improved owing to tho tim more favorable stews news newl from Russia and Italy Ialy There was a a more moderate amount of outside buying In evidence but the tho offerings were light and with a scattering amount of profit taking There here is nothing to encourage selling seUng- seUng and I believe beleve a broader buying power will wi be attracted In the circular letter leter to stockholders announcing the postponement of the special ape ape- cial eal meeting to November 30 30 the board of directors of or the Sioux Consolidated declares that the company Is heavily In debt and that something must luSt be done Sioux Con is a company compan and It is thought to be the intention to reorganize on an assessable basis or transfer the property to a new company In Tn a letter leter to stockholders George Nichols president of Lehi Tintic says The progress made in the Lehi Lehl Tintic mine during the past few months since the last assessment was levied is lit littIe little lit lit- lt- lt tIe tle short of remarkable taking Into consideration consideration consideration con con- te the work that has been necessary necessary essary to reach our two Iwo objectives the objectives the the essar I Empire vein in the leeh and tunnel and the raise rale leading up to the already Uncovered uncovered un Un- tl- tl covered Gold Blossom ledge in the right hand tunnel tunnel This raise Is now within feet o of the ore that was discovered some time ago and which cannot be shipped d at a profit until this raise is completed in order cheaply to handle theore theore the theore ore through the tho transportation tunnel as has been before explained in detail Grand rand Central has declared a dividend of 4 cents payable November 20 0 |