| Show significance OF IRON BLOSSOM SALE TO THE TINTIC STANDARD COMPANY at provo yesterday the shareholders of the iron blossom met and ratified the sale of this property to the tintic gintic standard mining company says the eureka reporter of the the preliminary arrangements looking toward such a deal were made some time ago and all that was necessary at thursdays meeting was the ratification of the agreement it A sufficient amount of stock to make the deal binding was represented at the meeting vest yesterday erday either in person or by proxy and word from provo indicates that within a very short time all shareholders of the iron blossom company will be sent checks for the stock that they now hold the price agreed upon bein being Z 37 2 cents a share or a total of for the entire holdings of the company As soon as the money is paid over and the formal transfer of the mine made the old iron blossom mining company with a dividend record of will become a thing of the past A representative of the knight 6 investment C company of provo in which is vested the control of all of the knight mining and other business enterprises informs this paper that notice odthe sale will go eo out at once tn all iron blossom shareholders of record and within a verv short time the bonev will be paid over the officials dials of the tintic gintic standard mining company are expected to hol a meeting today to pass on this matter when asked regarding the plans that have been made for the iron blossom manager E I 1 of the tintic gintic standard said that for the present there will most likely be no radical change in the manner of ove operating rating the mine most of the work now under way in the iron blossom is handled under the leasing system and this work will continue although alf hough the new owners of the property expect to work out a plan for more extensive development of the area there will be no separate company for the property that hat has been acquired from the iron blossom shareholders accordi according nL to mr in other words the iron blos blossom of the tintic gintic standard and the bip will become a vart part org littion of the latter company will h have alethe the handling of the newly acet acquired ired mineral tract the iron blossom is is 0 one ne of the oldest coni companies vanies in the knie ht group in this district tesse jesse knight who organized in that iron blossom made his first local ore discoveries the ground thatis that is now embraced in the mountain view company formerly the humbug 9 nd later the may day after substantial fortune from the humbug hamade he made taking linein out go what a was then known as the beck Tt tunnel trinnel innel his a I 1 and which was simply next anex t atop property er t y to become productive a continuation of the beck tunnel ore was the colorado and still further to the south he found his iron blossom mine which was by far the richest of the group in the iron blossom the ore made to greater depth many people seem to believe that the sale of the iron blossom is the first step of the knight people toward getting tin out odthe of the tintic gintic district where they have made such a si signal nal success of their mining operations but there is really nothing to indicate that such is true the knights still have a whole flock of tintic gintic properties many of them of great value and instead of retiring irom from the local mining in field those who are in closest touch with their operations expect ito see them open some entirely new mines in our district |
