Show BUTTE BUTTE SUPERIOR MAY PAY EXTRA DIVIDEND OF 2 IN M JUNE IE Butte t. t Superior paid Its Initial lend of or 75 cents a t. t snare share on June Juno 30 1914 Since that date It has continued to o pay par 75 77 cents quarterly having Just posted a dividend which is payable ablo on 31 U. U Tho The company compan has been earn- earn In trIg ng consi considerably In excess of or its I dl end requirements requirement and It has been expected ex cx- that an extra would bo ho an- an l. l With reference to this phase of f the tho com company's ans affairs tho the directors have Just issued tho the following state state- mont the continuation of the tho During pros pros- ent nt high price for or zinc with tho the pres- pres nt lit full rato rate of or production Butte Bulto Su Superior Superior Su- Su u. u perlor Is making very lan large e earnings he rhe cash receipts from tho the sales of Its product should hould within the ho next sixty or ninety days ays accumulate a n larger sum Bum han Is necessary for working capital capitalor for or the company It will therefore bethe bo be bohe bothe the he policy of tile the management ul ILL the theune June une meeting to declaim such extra dividends divi ends ns as ItA cash balanc warrants Butte Superior 11 rectors directors did dill tho the expected expected ex ex- In maintaining the lie rc regular ular 3 3 dividend on the tho stock at this tiltS limo The Important feature was the statement of f ho tho board was that an extra would be at t tho 1110 time of the June declaration three months hence No hint No-hint o hint as to Its It size was made This it was waa plainly stated state would bo limited by thu tho extent of the tho surplus cash which tho the company compan had on Olt hand band at it that time Its UK normal working work work- In ing ng capital requirements ments But Butte Hutte Superior Is in making nH a n remarkable showing of or earnings based on oil tho tile present phenomenal spell spelter or 81 situation sit growing rowing out of the war Share earnings as ns high as US 18 IS or even evell slight slight- slightly calculated c. at tho the ex eX- eX ly Iy y hotter better ma may be listinG sting rate rat for speller spelter In lii Its October quarter the company showed earnings s at nt the tho rate of IJ beter better bet bet- t- t ter er than 7 per share on an output of about 1100 tons per day and an aver aver- ago ao price for tor speller spelter of ot 5 11 cents per per Recovery cr In that quarter was per cent For the last month or so 80 tile the mine halt been producing at the rate rato of 30 per Iler cr cent moro more por per cia day In tonnage Per Pcr- CP n la BO of recovery has gone above 90 cr cent and speller spelter as ns Is generally l 1 ted Is la selling at almost bus ous figures ures Butto Butte Superior at present has cash Sh cashon on hand of about equal to per sharo share on tho the stock Cash Is fur- fur accumulating rapidly Mining l operations were resumed In December but it was not lot until February that th the company compan b began Jan to get the tile first co h hrom from rom spelter produced after the tho December Decem ber her resumption Tho The process Is now a n continuous one ono and the accumulation of cash during tho the next three mouths months given Iven a continuance of or cent 9 spelter may easily run into large figures 1 The general Impression Is that the Juno Tune extra dl dividend will not bo be less ICKS than han 2 per share ant and It if ma may ca easIl bo be o considerably more depending upon n the he situation at tho the time directors meet to o decide the question The Tho spelter situation situation sit sit- Is unique In American mini mining nit history The company compan has attained at ata ata ata a single s time the trinity of or record production production pro pro- maximum recovery and record selling prices prices' for Its product |