Show U. U S. S IS ISi i EARNING 94 94 PE SHARE Only Complaint Made Is h Shortage of Custom Ores at Utah Plant PlantA A statement issued by the directors director of or orthe the Mining SEining United company i States says Smelting Refining and The consolidated earnings in the first nine months of or 1919 will show approximately from wi which are to be deducted for depreciation depletion de de- de- de fe federal eral taxes tares on last hat years year's in income income income in- in come and the thie marking down of metals leaving leaving a an estimated net profit of or 3 The estimated profit in th the first nine months of 1919 Is at the rate of 7 per cent per annum on the preferred stock stok plus per share for the nine months on the common or at the per f annum rate of 97 per ier share 1948 1943 il per cent on th the common stock The The estimated earnings for July August August Aust Au Au- gust st und and September after allowing for depreciation depletion federal taxes on last years ears Income marking down of metals and preferred dividend will wU show slightly over 4 U per share earned on the common stock or at the rate of ot over 16 per ier share 32 cent t 6 per cen per Annum an An- An num Prospects for earnings for the next quarter are encouraging Additional profits have been made during the year ear by the sale of certain securities owned by the company which have not been included in the above statement of or earnings The Mammoth smelter which was closed down during May ay on account of the strike has not yet been reopened Development work continues at the Mammoth mine At the Utah mines and smelter the earnings continue to be unsatisfactory due to the high costs of labor and the consequent shortage of custom ores The output of coal for the third quarter ter shows show a substantial increase over the production for the first half halt year Production Pro Pro- for this period third quarter will average over tons tOne per month and it I Is ha estimated that for the last quarter the average will wi be further improved Im- Im proved |