Show GRAND CENTRAL DIVIDEND the grand central mining company one of the heaviest producers of the great tintic gintic district of utah has come forward with its fourth dividend of the present year in the form of a 4 cent christmas disbursement to stockholders paid on the dinst it called for a total of and brought the companas comp anys payments for 1917 to and its grand total to former payments this year were made may june and november and each was tor for 4 cents a share last year the company paid a total of reports from the grand central mine located at mammoth state that a large part of the present heavy output is coming from one of the most important ore bodies ever found in the property it was first on the 2100 level to the south of the shaft and has been followed by means of a raise to the 2000 level the ore is said to be of a medium grade but the deposit is unusually large and is making out into an entirely new section of the companas comp anys holdings A drift is planned on the 2200 level to be sent out to the north to locate ore already developed on levels above A recent meeting of stockholders of the central hill mining company owning two and a half claims adjoining the grand central voted in favor of selling its holdings to the latter there are shares of central hill outstanding and these are to be exchanged on the basis of five shares tor for one of grand central or the stockholders have the option of accepting 15 cents a share for their holdings col C E loose of provo utah is managing director for the grand central company and the operations at the mine are under the direction of william D loose |