OCR Text |
Show MINING "COMPANY DEFERS DIVIDEND New York, Aug. 18 Directors of the Granby Consolidated Mining. Smelting Power company. Ltd.. tn day announced their decision to defer payment of the regular quarterly dividend divi-dend of $1 50. The company, which hnj lart'f mfninp nrnnprhoo lo Drills:, Columbia, had paid 6 per cent dividends divi-dends since March, 1913 No reason Is given by the directors for the suspension sus-pension of dividends, but it Is assumed as-sumed that the European crisis is responsible re-sponsible for this action New York. Aug. IS The Federal Mining and Smelting company, which is affiliated with American Smelting & Refining company, today reduced its quarterly dividend on its preferred f stock from $1.50 to $1 a share. The reason given b the company was the stagnant condition of the metal market. |