Show A CHR1STASDIVIDEND jI j I t i The Chloride Point Win Make Isi Stockholders Happy A REMARKABLE RECORD WHAT THE COIKEPANY HAS DONS I HT LESS THAN A YEAR Th Showing I the Branch A Slarysvale Mine Which Will Soon Rank A a Rich Producer History His-tory of This Prospective Bona Back Prom State Line Mill Will Beg Dropping Stamps By i the First of the Month Nuggent Will Ship HighGrade Mineral From the Sunflower GeysarMar ion Active Considerable Fluctua tion Noticeable In This Popular Stock Mining Surveys Ordered People Who Want Government Titles to Their Mining Claims TheH history of the Chloride Point Mining company held a meeting yesterday yes-terday afternoon and declared a Christmas Christ-mas dividend of 1 cent a share payable paya-ble on Dee 24 to stocl holder of record rec-ord the transfer books of the company closing on the 20th to be reopened on the 27th The histor yof the Chloride Point company is somewhat remarkable in that it has made a wonderful and most creditable showing during it brief existence ex-istence and this excellence is largely due to the careful and efficient management agement that has been a marked characteristic char-acteristic of the directory of the com actenstc nanv Less than a year ago the Chloride Point company was organized on a group 01 claims on Lion hill in Ophir district almost adjoining the Northern Light and but thr e miles north of Mercur At that time a 700foot tunnel was about all the development on the property prop-erty and the true value of the mine was but little known In fact but few had any conception of the magnitude 01 the ore deposits environed by the group Soon after the consummation of the purchase a force of men was employed and while the tunnel was run further into the mountain crosscuts were run an air shaft was sunk and other improvements im-provements made the results being much beyond the most sanguine expectations ex-pectations of the management a many thousand tons of a good grade of milling or have been blocked out during dur-ing the past ten months while at the same time in the pursuance of this development work shipments of high grade ore to the extent of 25000 or 30 000 have been made and it is from this source that the dividend will be pad after paying for the work so far done in the opening up of the property besides be-sides which a snug little sum will be left in the treasury a a nest egg for future dividends a the consignments of high grade ore will be made regu larly from now on Besides this showing the company I has bought and paid for nearly IK I acres of the best ground to be found on I Lion hill it has paid for its mill building build-ing and machinery for the same which is now in transit and it is able to go before us stockholders with a Christmas Christ-mas gift after having less than 12 months in which to bring all these things about Within the next 30 days it is expected that the new mill of the company will be in successful operation and that the proceeds from this source will soon help to swell the amount of dividends and a every step in the operation of the property and in the erection of the 4 mill has been taken carefully and after I due deliberation it is believed that the expectations of the company and the stockholders will be fully realized in 3 the near future and that Chloride Point will be regarded a one of the reliable dividendpayers of the state of Utah |