Show BIG iti DIVIDENDS I IFOR IFO FOR FO R Sixty Cents Monthly or Ordered Paid in Future t LARGE PLANS NUMEROUS NEW s OF OP ORE ARE BE REASSURING 1 now pow on the will FROM F 1 rank as the largest in Utah if It not In the entire list listo Here Heretofore Heretofore Heretofore o of mining properties the dividend rate has bas been 40 cents c a share or but commencing commencIng ing on July 15 1 the monthly distribution will m be at 60 cents a share or in inthe inthe inthe the aggregate This was determined upon yesterday at a meeting of the directors For sev several several eral days past it has been generally expected that the dividend rate would b be Increased to at last 50 cents or bet better better ter tei but few were prepared to hear bear that hereafter 60 cents would be the size of ot the dividends With a cash sur surplus surplus surplus plus of ot dose close to in the com corn treasury and the physical con condition condition dillon of ot the mine in such splendid form the directors deemed deeme that the earnings could be put up without with without without out In any way taxing the capacity or seriously depleting the marvelous ore reserve for an Indefinitely long period to come The effect of ot the directors declaring this th increased dividend which has bas been beena a certainty ever since the absorption of oC the Quincy mine early in the spring was to tilt the market price I of or the stock very perceptibly The closing I quotation of ot 50 on Thursday was raised yesterday morning to 53 and i many sales were made at that figure I and at When the exact amount of the dividend was vas announced 55 was I the th price asked This stock which early in the year 1 slumped to 20 will wUl vII in the th opinion of very many brokers and shareholders go to 60 or higher before Christmas While the dividend rate of the Silver King Is 66 23 cents a share aggregating ing for the shares the 1 aggregate of the is to be I a month higher on its shares The King has a dividend rec record old ord of more than and the Daly Vest a newer Park City prop property property erty ert has about half halt that sum in fn divi dividends dividends to its credit with about paid so far this year From now on the yearly total will be at 60 cents a ashare ashare ashare share with possibly an ex extra extra extra tra thrown In for lor Christmas |