Show t GRAND CENTRAL PAYS H I First Firer Declared in Iii Two I 1 illy 1 MINE MIME AND MD SMELTER OUTPUT I II IJ I WAS J S BC EZ 1 4 t vr f among u the inure holde bol bolder ta of fit the U Grand Grassi Central Wi company co yesterday ye afternoon when ka the then tia n news Dews ws was wu received from Provo that the directors director had bad held a meeting and 4 posted a dividend of o or lOo a share on Oft the capital stock of the The Heralds special stated that pay payment ment was to be made on Friday J next at atthe the with transfer books bOon to close e e eon on Wednesday nest next the and Del re reopen reopen reopen open on oa the lust let The TIle company exceed ceased paying payl dividends with the distribution made on OD Nov 16 15 1100 or just Juat after it became bee involved in litigation with the UM Mammoth company compan The payment or er ordered erde ordered dered de yesterday runs the total amount which the corporation has bas tea paid its ita shareholders shareholder up to and the tM of officials of the company express the be belief lief that regular payments can caD now be resumed Among some IOme of the better posted potted men mea menon menon on the affairs the tM impression prevailed during the afternoon that the tIM e I declaring of the dividend was the UM result of assurances from Boston ton that the deal I for the with the tM com eom company company pany had either elther gone through or that it would he lie clinched within the tI e next few days day I It is ta no secret that some little time Ume ago aCo the chief holders holder hol en of Grand Central phares consented to contribute to a pool shares which were to be delivered ered Hed to the Bingham company on OD pay payment pa ment meat of MSO 50 per share or a total of ot ao Previous to acquiring this u op option I tion alon on Consolidated interests al already alad ready ad ady held shares so 10 the number mentioned would place the control of the property in ID their hands bands The belief was Wat also alao expressed that the Ute Bingham Bin company had h a a twofold pur purpose pose In landing the Grand Central One Oneas was as that It would be able to get pt all aU the ore needed for its Ita smelter without running the risk of seeing e Jong time contracts from other concerns staring It In ID the face The other reason la Is believed to have been a determination tion on the part of the Bingham inter interests eata ests to put an end to the litigation with the Mammoth and have the two com eom companies companies work in harmony harmon Bow How this thia was to be accomplished a was wat not DOt made plain other than by the argument of one man who said There Then is hi no ghost heR of a show of the J present management t of the Mammoth and Grand Central companies ever er reaching a basis of compromise e The Tha fight has bu become too bitter for tor that On the other hard hand there is ta no feeling be between bet between tween t D the kagam Consolidated crowd ana auti aD Mr McIntyre and aDd while I have no knowledge knowle lre that they have ever dis discussed cussed t the proposition I am inclined to the belief that if the former fOnDer does doer 4 take over the Grand GraDd Central It be long 10 till tW some plan lan is la i agreed upon to cease c fighting |