Salt Lake Herald-Republican | 1918-09-15 | Page 34 | Cardiff $100,000 Dividend to be Paid October 1making Total to Date $725,000 for Big Cottonwood Bonanza

CARDIFF DIVIDEND TO T BE PAm 1 INKING MAKING TOTAL TO T DATE fR FOR BIG CO COTTONWOOD BONANZA I Directors of of ot tho Cardiff Mining company com corn pany met yesterday a about out noon and declared a n dividend l of oC 20 0 cents COats a share This hIs will wl bo be paid on October 1 to stock of or record September 21 25 It I will wi re require requite re- re quite quire tho ho payment of or on the tho r shares Issued Thil This will wi bring the Cardiff's total distributions to shareholders shareholder up to That Is equal ual to tG paid on each cach share in the company compan II It is understood that lint the Iho company has upward of 2500 to cash ash on hand inclusive oCoro of oC oro ore In transit Tho The Cardiff paid Its Is Initial dividend Just three years ears a ago o or on October 1 1915 That Tha amounted to 2 23 25 cents a share or Next year it paid out 75 73 cents or on August t. t t When hen seen yesterday General Manager Manager Man Ian u ager er Ezra Izra Thompson said that lint the tho Cardiff Car Car- lire diff Is laboring toda today like the rest o othe of tine the mines under a shortage e of ot menTin men Th Tin force has within a month varied frum rum fifty Ity to as high as eighty but It minimum EI today Ig Is near inear the EffI- EffI Hent miners seem scorn Impossible to secure an any more This has reduced the daB dally daily shipments to Murray station from around t nt tons down loWn to fifty to sl sixty ty tons a a. A da day Tho The oro ore Is averaging ing log about 40 a a ton The rhe l d of rich richi ore oro recently struck In iii th the lie floor ioor of ot tho the SOO has not nol yet et been brought up J to a n yielding point point however How- How over ever pr preparations to that end arc are now under wa way Mr Ir Thomp Thompson on declared A hoist hoit capable of or operating operating In ing to Ui a depth of oC feet will w wat at once li be Installed Pumping facilities will wI al also o be bo rigged up at nt the earliest possible pos Pus sible sille date ninte as considerable owl erable water Is an anticipated ant ant- In this deep block or ground where water Is likely to drain In from crom froma croma a considerable surrounding country II grade grado grade h-grade silver load copper ore to be he hC going down strong where the station staton is holn being hoing cut out Olt tor forthe or I the I 1 hoist and pumping pumping machinery r rn An n Important prospecting rift drift rIC Is Isnow isnow now following the contact off or to the south on the SOO lC level 1 This I Is U the o contact o Contat tho the Cardiff's big big- ore bod body bode has made noted Some distance to the lie south Columbus Rexall Columbus has his oro In the lie sanio same sam contact Tine objective of oC this thrift drift is to 0 get under an ore oro snoot followed fol rOI- low lowed down from rom the tho upper tipper level This TIl o objective is a about out 1 feet ahead This will wi give Iv about feet Ceel o of backs on the demonstrated ore oro in that shoot hoot Owing to a a shortage of or men the thep p prospecting o pectin work In the south end of oC the he mine from the main level has been temporarily discontinued This work worl encountered come omo ore Further alon alona along alonga a raise wan wac sent scat up to the qu quart lime rt- rt zi contact and prospecting done arnie roue in manganese meso ore making off Into th the b beddings This 11 work will wil wil he tal taken cn up Uil l later ter a as It seems likely to fo bring satisfactory satis factory Cacor results