Salt Lake Tribune | 1906-02-09 | Page 6 | Mexico Con. Dividends

MEXICO CON. DIVIDENDS. Plan of Payments Agreed on by Directors Di-rectors of Company. It Is planned to begin dividends on the C50.0CO Pharos of stock of the Mexico Consolidated Con-solidated company In March at the rate of 15 cents per share per month The mill 1b now treating between sevenOy-nve and elghty-thro tons of ore per day, and the company Is earning JaOSO net In gold per month above prospective dividend requirements require-ments of 15 cents per share. The company has recently placed an order with the Auto Car Equipment company com-pany of Buffalo for five live-ton motor care, which will be used In transporting Its shipping ore from tho mines to a connection con-nection with the railroad, sixty miles distant. dis-tant. The Mexican Government has agreed to build a road which will permit the operation op-eration of motor cars. It Is. claimed by Mexico Consolidated Interests that without doing any more work, there Is $5,000,000 net gold value of ore In the mines, or sufficient to pay $20 per share upon the stock. The lowest worKlngs of the mines are but 250 feet In depth and the management has Just begun sloping. All Its oro shipped up to the present tlmo hns come entirely from development work. Boston News Bureau.