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Show US. MINE INCOME RISES United States Smelting Refining Refin-ing and Mining Co. Thursday reported re-ported a net income of $1,302,322 for the five months ended May 31, 1951. That compares with $367,515 for a similar period last year. According to financial services, the company officers said that the Lark section of its Utah underground un-derground lead-zinc-silver mine still needed further rehabilitation rehabilita-tion after a fire last year. The firm reported that the mine labor supply in Utah was becoming "increasingly tight'' and that turnover in employment also was increasing. However, Lark mine production produc-tion has been "normal" since April. The firm noted that it was unable un-able to furnish all the demands of its customers for lead and zinc, inasmuch as the government govern-ment is taking 20 to 25 per cent of the production. The report also stated that prices on the two metals would be considerably higher if they were not frozen. It pointed out that foreign lead and zinc selling in this country gets a considerably consider-ably higher price than domestically domes-tically produced metals. Earnings per share for the five months on common stock equalled $1.17, compared with nothing the same period last year. Gross Income was $2,625,110' as against $998,127 for first five months of 1950. Income taxes amounted to $750,000 for the first five months of this year, against $133,000 for the same period the previous year. o |