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Show COLORADO IS TO BEGIflJiMENTS United States Company Secures Contract Calling for Five Thousand Tons. MEANS HALF-MILLION DOLLARS TO COLORADO Spells Speedy and Steady Dividends Divi-dends for This Noted Tin-tic Tin-tic Company. It was not uutil 3'ostcrday that tho local press was enabled to confirm the repeated rumors to tho effect that the Colorado Mining company would begin shipments of oro"to tho local plant of tho United States Smelting, Refining & Mining company. This confirmation comes from uo less a person than Jesse Knight himself, tho president of the Colorado, and the largest stockholder in tho organization. Mr. Knight came up from his homo in Provo Wednesday morning, and slated later in the day that his company would ship noxt week to tho smelting company mentioned. Tho Colorado company's contract with tho United States company has expired, ex-pired, under which all the shinmeuts heretofore sent in wero made. m and a new contract was uecessar" which has boon entered into. Whilo uono of tho parties to the transaction have givon tho dotails of the new contract, it can bo stated positively that it calls for tho delivery of 5000 tons of oro within a period short enorh to bring the closing clos-ing shipments near the date of active operations in tho new smelting plant at Tintic. It is understood that not a pound of this oro will be anything but first-class rock, running not below $100 per ton net, so tho Colorado company will secure the nice sum of $o00,000 within a very short time, tho main portion por-tion of which will bo distributed to stockholders in tho form of dividonds. For a time, tho Colorado company had determined not to send in any of its .ore. but to await tho completion of the Knight Tintic smelter. But tho latter company has been so successful in making mak-ing contracts with other mining com-Dauics com-Dauics that tho new smelter will 60on bo receiving about all tho ores it needs for complete operation. And the United States company wanted tho Colorado Colo-rado ore, being willing to pick up such ideal smelting rock with tho realization that it will 00 some timo vet before it can bo placed in its furnaces. It is a matter of common knov!edo that tho Colorado ore is just about perfection perfec-tion from tho smoltcrman s standpoint. |