Show NEWHOUSE DECLARES INITIAL DIVIDEND Directors of ot Ne hou Mines and Smelters meeting In New w York yesterday yesterday yes yes- cs declared a a. quarterly dividend of or CO 60 cents n nt share hare payable An August 21 1 to st stockholders cJ of or record August u 1 15 This dividend was forecasted Inan inan In Inan an Interview given Iven by ll Mr l to The Republican more more than a month ago It Is not int lt regarded Ikel likely that tha the stock tock will wi advance ad beyond 20 O on th strength of or this disbursement man many JI looked hooked for tor a 75 cent Initial div Mend There I Is Ul t every probability however that the tho rate will wl ho be In Increased Increased increased In- In creased the tho first of the year car |