| Show M- M MINING i TIlE THE QUOTATIONS NEWS CAMPS FROM FROM AND ALL ON ST STOCKS SOcKs OC KS' KS WITH FROM PRICES THE FLASHED LEADING LATEST MARKETS UTAH COAL FIELDS VALUABLE ASSET ASSI TO UNITED STATES STATS STATS' JO to 0 h interest is II manifest manlest In United States Statu tta Smelting locally a as a it was a founded i t nth stale and has ha extended its ia opera opera- I II I I Into to Nevada California Cloria Oregon and M Mexico f The recent recent acquisition of coal coal coalt t fed 2 in Utah by thin thI company promises to t b b. b ono oo of the te best beet Investments this concern has ha aa made thou though h It I will wl doubtless doubt- doubt lets less JeB b be b a t year yea before tore any ny r return tur on th the outlay 1 ii I. shown show In response to a a query quer r relative to this company's stock as t an investment the te Boston News Bureau says MS The he preferred stock of or the United State Smelting Refining and Mining company is a reasonably safe se 7 1 per c cent nt investment It I is Ja s entitled to sell sel higher than It do dose dons but its Is earnings ar are subject sub to the tho vicissitudes of fluctuating metal meta murk eta which keeps the price below be be- low Jow par par pr O. EO For the year ur end ended December December De De- De- De cember camber SI 3 1 United States Smelting earned eared before for depreciation fn and nd the preferred pre pre- dividend cl calls calle for but hut At Atthe Atthe Atthe the pr present sent time the company i Is II earning earing at th the rate of per annum or over oer per er month The common stock Is earning between I 4 and ad S 5 per share chare assuming the same samo liberal charges to depreciation which have been heen made madi in recent reent years yes If I we exclude the th depreciation charge the common stock at the th-e rate rat of 7 per share har It t 1 Is obvious ob therefore that th the preferred preferred pre pre- dividend Is I. amply Secured and InId in Id addition lUon to t a largo large laro margin of earnings over nver n lr l dl dividend requirements the te company on December SI 61 l had a balance of current current cur cur- rent Tent over current I liabilities of 7 The Th company has recently embarked In In n. n I coa Ca oa enterprise In Utah and there thero arc are possibilities of ot enormous profits from tills this Investment The Tho 6 G per cent Interest on tho the 10 notes Jer issued to finance this coal coa luu property is ie Is' Is guaranteed by the United Unie States Slates Smelting Smelting- company but while this guaranty 1 Is 21 a charge ahead of the dividends divi dende on Smelting carge preferred tho the Uth Utah company of Maine the name namo of the new coal enterprise is 18 today toay very ver much more than earning the carrying charge of this investment The directors director of the company company com corn pany believe that added security h has been tat adle given to the preferred stock of the SmeltIng Smelting Smelt Smelt- ing company compan by the acquisition of the Utah company properties and are look look- lug Ins forward In the not distant future to earnings of from to from this source source |
