Show Bill BIG lf DIVIDENDS SOON TO BE PAID American Smelting Refining C Company Soon to Distribute Distribute Distribute Dis Dis- tribute Large Sums I GAIN OVER OER O'ER OTHER YEARS on Common COllon Stock to Ho Be Increased cc From Frol Seven SC CI to tn Ten Tel l Per cr Cent On Oct Oct 1 and amid Oct 11 Hi the American Smelling Refining company will ivill wi pa pay dividends on fl the common and pre pre- shares of or 8 each or or 7 all al told In the thc fiscal year car ending June Junc 30 30 1906 1306 the net carn- carn lags Ins of or the lie company after writing ol off oI rom from the lie tw gross ross earnings the expenses 01 or or repairs and renewals and amid all al new construction purchases of n additional plants etc amounted to which was a h gain ln of per cent over o er he the previous pre lous year After Ater paying divi ll of In excess of 1905 the he surplus for the 01 year e amounted to 20 against for tor the lie year eal ear ended ll Am-ll O inns 1 01 h The Tho reports report l t- t of t the c company Jan have not mint ot had much to say a about mining mIning of late years This department de- de artmont ho however has been a source of f revenue rc and will wi continue to swell the ic income of the thu tle Smelling company the le co cost l having been heen practically dated out JUt of oC earnings s. s A Boston Doston publication ha has the follow follow- Ing ig- ig To 10 I IS I Hh lIlt It I is ver very definitely understood that the American Smelting company compan is shortly to increase e its Is dividend on the common stock It I Is generally e 1 I understood that this Increase Increase in increase In- In crease will wi be from 7 7 its ils Is present ent rate rato to to tf 10 per cent or cit 01 hereabouts This Impression Is based on the frank frnk statements given gIven out from time to line timo b by high of the thc company Whether I the time dividend will 1 be he a flat fat 10 per pel cent on time the stock stoel or 01 whether this result will wi be he practically reached in some other form is apparently ap ap- undecided as ns yet cl by the thc powers powers pow pow- ers ems that thal be Several plans arc nrc under tinder discussion Some lal large e Interests are aio opposed elt to placing time the stock directly on a lo 14 11 per Pei c cent nt ba basis is and to 0 reach that lint result In lii M some mc more in indirect indirect In- In direct cl way vay Among Amons the tho plans plaits proposed is one nile oneto oneto to Is issue uc a scrip dividend of or possibly 50 0 pet per cent on 01 the he entire entro stock block This scrip It is proposed to Issue on a a. a n dividend divi tiivi- dead basis of 2 or 01 2 Z 1 or possibly 3 per cent cent TIme The t dl dividend Is to be paid raid out of the time earnings s of or sonic some of or tho the subsidiary companies now owned or oi controlled b by the parent concern The subsidiary companies Include the lie Smelters Smelters' Securities company com coin pany tho the GU Guggenheim Exploration company and antI I its several underlying properties Several Severa of or these prop prop- em ClUe tics are ure now on a dividend earning I ba basis is and could readily provide for probably 2 21 per cent on 01 such buch a scrip issue and anti ale aie aC likely I to lo bo ho able to do tie much munch better liette helel than this when whon all al the subsidiary companies arc are In full fun opera opera- iou tion ton This Timis anti and all al other othel t tentative plans arc are simply matters of or consideration at pre present ont The Tue Theone one leading leading fact tact re remains remains remains re- re mains that an nit Increase In tho the distribution distri button buton will vIli wi be le provided for tor anti and that probably within the three or 01 six r months of I 1907 IO |