Show THE PETRO PAYING DIVIDENDS another dividend payer has made its appearance pe arance in the firmament fir manent of mining horison and it is the general belief that this comparatively new wealth producer has entered the lists as a permanent and steady distributor tri butor of the needful the property in question is the petro within the environments of carr fork and cottonwood 9 gulches alches in the great mining camp of bingham the dividend in question of two and a half cents a share or being paid on the of the present month and THE REVIEW is informed that sufficient mineral is now blocked out in the mine to assure the regular payment of in monthly dividends for at least two years to come with lead at present quotations the petro is one of the comparatively new producers of bingham having been discovered but seven or eight years ago during the first two or three y years ears in the history of the mine the petro paid several thousands in dividends but with the decline in the silver and lead market five or six years ago the management discontinued ore shipments shipments preferring to have the mineral in place in the mine rather than to impoverish the property with no net returns visible still steady development and exploration work was maintained the announcement being made that no more extraction would be allowed until lead went up to over 4 the result being that immense bodies of lead ore were blocked out and left standing in the property from which shipments are now being made to meet monthly dividends and at the same time extensive work is going on in the development of the mine the aim of the management being to keep prospecting operations ahead of ore extraction it has long been known that the petro was one of the best developed lead propositions in this intermountain region in fact the mine is is in in prime condition and is worth more money than if it had been on the producing list ever since its discovery |