| Show IRON BLOSSOM DRAGON AND RICO wellington DIVIDENDS provo utah april 10 at the directors meetings of the knight mining companies held here today three dividends were posted they are all payable april to stockholders of record at noon on april the iron blossom property at silver city utah will pay 5 cents a share 50 the company has not taken out the usual amount of ore the past quarter but the indications are favorable for increased production A good grade of copper ore is being shipped and it is expected that the reduction in dividend from 10 cents to 5 cents will be only for this quarter the rico wellington property at rico colorado posted its initial dividend totaling the minority stockholders represented by shares will receive 11 1 2 cents per share and the majority stockholders who held shares 12 cent a share in conformity with the agreement made when the knight interests took hold of the property which agreement will remain in force till a total of is paid in dividends the reports from tile the property are highly encouraging tile mine is responding satisfactorily to development and the prospects for the rico welington making a big mine are considered almost certain to be realized with the cash on hand and the returns from ore in transit the company will have about in the treasury the dragon property at silver city utah posted its second dividend of 1 cent k a share this property was also reported to be in excellent shape with tile the improvements in prove men ts made installing ore bins etc the company is now in position to increase its output and reduce the cost of operation tomorrow the empire mines company recently organized by the consolidation of a number bumbel of tintic gintic utah properties owned or controlled by the knight interests will apply to have its stock listed on the salt lake exchange |
