Salt Lake Tribune | 1908-10-11 | Page 16 | Provo Mining News

Provo Mining News. Special to The Tribune. PROVO, Oct. 10. At the regular meeting of the board of directors of the Colorado Mining company held hero today, it. was decided to pass tho regular regu-lar dividend. There will, therefore, be no velvet for the stockholders for at least another month, possibly longer. When asked about the conditions of tho mine and why a dividend was not declared, de-clared, "Uncio" Jesso Knight said: 1 'We have shipped very little ore during du-ring tho last month, and the conditions will not warrant a dividend. We expect ex-pect to havo our smelter in running order or-der within two weeks, and tho ore from the Colorado will theu be taken out and sent there." It is geuerally understood under-stood that the Colorado has immense quantities of ore blocked out, and all thot is required is smelting facilities. The directors of the Sioux Consolidated Consoli-dated Mining company met today in Provo and posted a .'Jc dividend. This moans the distribution ol' $30,000. The books will close on the 17th and the dividend is payable ou the 20th.