Deseret Evening News | 1908-01-02 | Page 6 | No Dividend Now

NO DIVIDEND NOW President Harrison of oC Horn Sliver Silver Makes u Il Statement The directors of the Horn Sliver Silver Siver Mining company havo have decided ed to pass tile the usual January dividend nl nd Tho mine was as shut aown own sonic some time ago when toe tl compans contract with time Amen Ameri American lerl can an 1 Smelting Refining company ex cx expired piled th and und which tiC the UJ latter later to renew renes Out oil 01 tho time miner fanner terms President Harrison In Ina a circular sent lent out to shareholders shareholder makes the fol foi following lowing statement Because of ot tho extraordinary busi busl business business ness und and Ind financial conditions and nd time tho I abnormally low prices for tor lead sliver silver I and ama zinc which now prevail prell It l Is time the conviction of ot the tho management that the best bust interests will whit wi bo ho by deferring deterring action on the Iho dividend which would otherwise have been de do declared dared cared and disbursed during the cur current current current rent month until better beter prices can b loud had for the product ot tho mine or until a reduction in iii tIme the freight und mind treatment charges on such luch product can be secured as 11 shall In some part com corn compensate for tor tho time Impairment in 11 mm tho the gross value of ot ores orel because b clu of ot the ruling very low lo prices for metals The Tho marketing of if o ores has hns been bean temporarily discontinued dl pending an Improvement In governing conditions but hut It Is hoped op t that ample warrant may soon loon be he had hal for tor a I resumption ot of o active operation