Salt Lake Herald-Republican | 1910-06-11 | Page 8 | Knight Concerns Reduce Dividends

I I I KNIGHT CONCERNS REDUCE DIVIDENDS Colorado to Pay Eight Cents Iron Blossom Six Cents a Share Net results result result of or dividend day at Provo Pro were the posting by b Colorado Mining company of or an a Scent dividend and aM the declaring by Iron Bloom of ofa ofa ofa a profit distribution of 6 cents a share Kach ISach company cut out off 2 3 cents from the Quarterly dividend rate rato which It es established el at the tho beginning of ot the year In the case caso oe of or Colorado Colordo it I appeared to have been the consensus of or belief belef that Its It dividend would bo be cut even more than it I was wan But It I was wa a case oe oeo of o b be slashed If Ir you do and be cen con censured surd If J you dont donL The public im urn impression is la that the company has hs in its It treasury about enough money to pay two to such uch dividends as that which was PY declared yesterday and that un lees leea 18 new ore oro bodies aro are opened In the meantime that will bo about all al that wi it Is nearing the end of or Its Is resources resource The stock was bound to nut suf suffer fer for marketwise therefore regardless of dividend action Passing Pasing tho the divi dividend dividend dividend would have had that effect as asa a asa a matter mater of or course OUI while tho the paying of a full fun dividend would have been regarded as robbing robbIn the treasury of ot money meney needed for tor development Iron Blossom on tho other hand has ha been touted as a having greatly improved mine conditions especially in Its It south workings It I is in believed to be good for a long period of ot production al although although although though the quality of its It product Is likely Ikel to fluctuate with wih its Il dividend rate rte showing corresponding flees nees ne Colorados dividend is in payable Juno June 20 with wih transfer books boks closing the Iho Iron Blossoms books the with the the dividend payment to bo be made on the Meetings Meeting of or directors of ot Grand Cen Can Central Cantral trl and an Victoria were held hold with wih no announcement concerning dividend ac action acton action tion ton having been beon made Sioux Consoli Consolidated Consolidated dated date directors director mot met and adjourned un until until til ti July 1 I That Tat company with wih its Is last lut quarters action Acton a as a u precedent would not be due du to act upon dividend until next month