Salt Lake Tribune | 1905-05-16 | Page 6 | Bread Money for Con. Mercur Folk

Bread Money for Con. Mercur Folks Distribution Ordered Yesterday Will Scatter $25,000, and More Dividends Divi-dends Are Coming. Dividend No. V) was declared yreler-day yreler-day by the director of tho Con. Mercur Cold Mining company. Tho joint product of tho mine and mill has been accumulating accumu-lating so rapidly of late that the directory felt Justified In passing out a little lit-tle prosperity to tho stockholders. It was rumored that tho distribution would amount to f, cents a share Tbls hopo was not realized. The rate paid was 2V. cents, but tho directors express their confidence con-fidence that this rate can bo mulntalned Indefinitolj payments to be made Quarterly. Quar-terly. Tho amount for distribution Is 186,-000 186,-000 Checks will be Bent out June C. The transfer books Close May 23 and reopen Juno 7. Tho l.ist dividend declared by the Con. Mercur was paid May 9, 1003. Since that time the profits )m o been .-1 1 -. . r t I by the Improvements In the equipment of mine and mill. Now everything Is going like a watch, nnd the shareholders can look forward to a long period of easy money. The mill Is handling 7, tons of. low-grade ore every day. and the dully profit Is estimated at JfSfO. At headquarters headquar-ters yesterday no Information wns forth-enniing forth-enniing as to the sum left in the treasury aft.r the payment Of the dividend, hut It was admitted that the vaults are by no means empty.