Show I IRON BLOSSOM DIVIDEND SOON i OTHER MINES Directors of oC the Knight mining comi com com- j i panics will wJ hold their regular month monthly I meetings at Provo Pro next Thursday at atI which time the regular quarterly dividends dividends divi- divi i di I len s will wi no doubt be declared declare on the I II I i stock of or the Iron Blossom and the Dragon Consolidated says the tho Eureka i Reporter It I seems that there is some question queston regarding ing the tho coming coining distribution distribution dis dis- dis- dis from tho Iron Blossom nn and while officers of oC tho the company compan are aro willIng willing will will- wi- wi Ing to predict a dividend they aro are not prepared to sa say what the amount will willbe willbe wil be e as the mine had ono one or two poor months during the latter later part of ot the thc year ear l 1917 when an embargo from the thc smelting company prevented the tho shipment shipment shipment ship ship- ment of ot the regular tonnage of ore ore December shipments were vere satisfactory however and eYer everything is once more 1010 going along in very cry nice shape at this 1 property rop er ty There Thero Is no question queston but what the Dragon shareholders will wil receive the same amount of money as was distributed three months ago This mine I has been sending out its usual heavy tonnage of ot iron ore for or several months and it has not had to depend entirely on this lower grade rado fluxing ore oro for Cor or its revenue re as the property has also shipped quite quie heavily fy to the plant of ot the Tintic Mining company compan and at tho the same tm time has been somo some ore of oC higher grade glade Development of oC the time Iron Blossom and Dragon properties is being carried along in a vcr satisfactory alonG very cry manner a I large amount mount of oC new work worl being unI un- un I I dor way at both mines At the Iron I Blossom the No 1 working shaft shaf which is being sunk un under e contract han hami reached a depth of ot nearly 2100 nOO I feet teet an and while it i is the intention of or orthe the tho management to continue sinking until tho the water waler level Is reached and perhaps go below that point some drifting will wi be he dono done Calow following In the cutting of oC a station at tho thu 2100 level or a short distance below clow that point point Officers of ot the tIme Knight mines are al already already til- til ready looking ahead and making mal plans for Cor the development of oC these properties properties proper proper- ties les blow below the water waler level ol which will wIl be lIe possible when the drain tunnel is driven Into tho the south cn end cud of oC the dis dis- dis- dis triet Time The work of driving this long tunnel has already been started al although although al- al though the machine drills nr are not in use uso owing to the dela delay in jn getting a apart r part of oC the electrical equipment equipment Word ord has been received however stating that the transformers win vIll arrive here within the next Cow fow ow days ays and immediately immedi thereafter it will wil be bo possible le to turn lurn on Or electricity and commence using the power powel drills dris Chief r Con Cun Output While the tho figures are not available it Is reported that th tho Chief Consoli Consol Consol- dated Mining company closed the year car 1117 1917 with wih a cash balance of nearly halt half halfa a million milon dollars which is practically hal the tue same surplus that was vas carried over o from front the prece preceding year and when one considers that the mine has spent a avast avast vast sum str of oC money for 01 new territory for or Ol and In iii increased d Operating operating ing expenses and has ha at the time been heen prevented smelting embargoes em em- from rom shipping shippinG its is normal tonnage ton ton- tinge nage of ore it i can readily be seen that an unusually fine record was made durin during tho the past year War Var tuce taxes are expected to take In lU the tIme neighborhood of from this company and realizing that this timis heavy expense must must be bo tal en taken care of at during the time present year there thore has been some little uncertainty regarding future divIdends div div- I In ii the time minds of some of the tIme 1 but now shareholders that the company has acquired all needed territory and has bait hat the mine most thoroughly equipped for or extensive operations efforts will wil wilc be c ma made c to hold the property on a per leL permanent a dividend basis manent maintaining a splendid reserve and at all nI times keepIng keep keep- Ing lug tar far enough ahead head with wih development develop develop- evelo- evelo ment work to as assure uro the tIme permanency of ot tho the enterprise Con Cou For tho the development of the Colorado Consolidated property which Is h a consolidation con con- of at the Colorado and Beck Tunnel runnel Ono prospecting i inow is isnow now be being In done on the time noo level At that point a a drift is being driven rl en out toward the sou southeast an and It Is Js said to bo cutting through 1 a very Cry encouraging section of or tho thee company's extensive of mineral ground EW CURl CLOS CLOSE The following q i t 1011 we wei IB received II yen yen- lI rog Bros day over tm till tJ 1111 wire ire I I UJ I T-l T k tta C n o UK Jer Jel I i o 3 Pig Jl Cot Ct 03 r fb J. J f- f 3 erda i 75 S 51 8 Clu g t. t War or 25 23 50 C 31 1 d Vie le Ic to 5 PAy Rh n. n ce q 0 I Ores On lr iron Con 62 41 c iC 1 1 0 60 2000 60 JG o HO HOf f GM Tn Ray 5 11 30 37 ar t 29 0 1 1 rou fou itin n 7 1125 J 15 a n C C. 31 0 0 I I. I j Mi 10 iO lu IU IIIi 11 1050 U. U t. t tec C. C 16 Comb ml 7 50 tO df light 2 Pac Gas 00 i U. U fl 2 Cities S. S 3 0 I J 1 I t I N |