The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1909-06-10
DIVIDEND DAY IS
IN NEAR FUTURE
Eastern Firm Says international
Company Can Begin Profit
Sharing Now.
RARlTAN WORKS ARE
EARNING BIG MONEY
Utah Smelling Plant Expected
to Earn Half a Million
Dollars Annually.

Up to the present time, any definite
Information in regard to the recently
organized International Smelling anC
Refining company has been extremely
hard 10 secure. Utah and all the min
ing west naturally is greatly interested
in this new competitor i'll the smelling
and mining field of the west for in
Tooele County, Utah, the company is
installing a big custom copper smeltel
with The probability of lead furnaces
being added to II within a short time
Trippe, Thompson and company of New
York have issued a statement in which
the International company is made to
appear in q very favorable light, and
portion of this statement is given
below.
Says the report
1.-The International Smelling and Re
filming company, recently organized
gives promise of eventually ranking rs
the second largest. perhaps the largest
corporation engaged III the smelling
and refining of copper, silver, lead and
other metals, in the world The com
pany begins business with earning
power sufficient to warrant the pay
ment of a substantial dividend at the
start on the $4,000, 900 issued capitali-
will meet shortly for the purpose Of
taking action on dividends, and the
stock viii be on Il dividend paying
basis of at least 6 per cent within the
next few months, perhaps in June or
July
.'The ability Of the International
Smelling and Refining company to pay
dividends at the start, is due TO its
having acquired the Raritan Refining
works, the largest copper refining plant
in the world, which has r capacity for
handling 26,o00.oo0 pounds of copper a
month, or approximately 3l2 900, 900
pounds year. The Raritan works
were owned and controlled by the
United Metals Selling company. The
transfer was made on January l, 1909,
part of the purchase price being in
stock and the remainder in cash. The
Raritan works are in full operation and
their earnings are sufficient to pay
dividends at the rate of about 10 per
cent a year on the $l0.000,o00 stock of
the International company.
1.-The proceeds of the first S10,00O,-
600 issue of the international Smelling
stock will be used for the purchase of
the Raritan Refining works. the CON
struction of smelter in Utah for
handling the ores of the Utah Consoh-
dated Mining company, and the carry
ing on of a general custom business.
After the above outlays, Will remain
" ''Hi'pihnpiN ''piN'pe "F't'N'.
Utah smeltcr when completed and in
fall operation. should earn at least
100000 n year. Therefore, returns
from the Raritan works and the Utah
smeltcr available for dividends, should
he equal TO not less than 10 per cent
on the $10000.000 issued stock of the
company. On thc present issue of stock
alone, it would seem that the Inter
national company easily could pay
dividends on the basis of the present
business at the rate of between 10 and
u per cent yearly and comfortable
surplus would remain.
"The Utah smelter has been under
construction since the first Of this year
and ii is expected to he IN operation
by January J.. 1910. Seven miles of
railroad now connect this smelter site
with the San Pedro, Los Angeles and
Salt Lake Railroad. Clark road and
operated as a part Of the Hartman
system II is not unreasonable TO say
that il will start with a capacity Of
1000 tons day. and additions will he
made thereto as conditions warrant.
The Utah plant is being nodded along
The lines of the great Washoc smelter
of the Amalgamated Copper company,
and the recently remodeleG plant of the
Greene Cananea Copper company in
Mexico. and is being built under the