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Show IRON BLOSSOM TO BE ill SOON: Repairs of Caved Terriloi to Be Finished by June First. NO DIVIDEND CHANGES Dragon Consolidated Will Be Treated to Extensive New Development Work. Stockholders of the Iron Rlonsom company com-pany will be glad to receive the assurance assur-ance from Director W. Lester Manguin to the effect that the early predictions of the management in regard to the caved condition of the No, 1 ?haft territory terri-tory were well founded, and only a short time will be required to place conditions in ship-ahapo again for production on a normal scale. The management is extending ex-tending a drift round the caved territory terri-tory to the south, and the first of June should find everything -completely restored. re-stored. When asked by The Tribune ycsLcrday In regard lo dividends, Mr. Mangum said tha.l this accident should not Interfere in the least with the next quarterly dividend. divi-dend. The last dividend was paid In April, it called for $100,000 out of a reserve re-serve fund that contained $325,000. The company on Juno 1 should be back to normal production, and the treasury should hold about $175,000 c-uHh, and the next dividend date Is almit two months distant. The caved condition at tho present time is reducing the dally shipments ship-ments of ore by about 50 per cent Dragon Work Planned. Next to the Iron Blossom the Dragon Consolidated company unquestionably at this time Is the most interesting of the Knight propositions at Tintlc. Mr. Mangum exphilim that the officials are outlining ti campaign of development, work for tho Dragon which will be or tremendous Importance during the balance bal-ance or this year. rre points out that owing to tho difference dif-ference of elevation, the hollar of the old Dragon shaft corresponds with the 475-foot level of the No. 1 Iron Blossom shaft. To tho northwest of the Dragon shaft ts a wide aro;i of unprospected ground, Ihe hill rising rather abruptly from the location of the shaft. It Is the plan to send a crosscut Into this hill to the northwest, beginning on a. level with the collar of tho shaft, which work will cut a series of five or six well-known veins, the principal one being the famous fa-mous Iron Blossom ren. Copper Values Found. This- same virgin territory is heing prospected from the opposite side, or from the old Star Consolidated property, prop-erty, now a portion of the Black Jack. A crosscut Is being sent out at good depth, and word has reached the office that the first vein has been encountered. In which very gratifying copper values are. contained. Another very interesting bit of work to be prosecuted bv the Dragon Consolidated management "is the driving of diamond drill holes to the south of tho old Dragon Iron mine. Tt Is Intended to sound to the necessary depth the contact, between the porphyry and the limestone to ascertain If the enormous deposit of Iron oro Is the capping cap-ping for a deep body or series of bodies of commercially valuable precious metal ores. All this new work In connection with the fact that tho Dragon Consolidated management has the Iron Blossom ore body fn its far northern part having encountered en-countered tho same by a raise near the Iron Blossom line and from the 600-foot level of the latter property, leads to the inevitable conclusion that the summer Is to be well filled with interesting news about this property, and it Is well known that President .Tosso Knight hopes lo make It his next Tintlc dividend payer. Swansea and Others. Mr. Mangum slated on lno.ulrv that the Swansea. Consolidated new face of ore on the .140-foot level was averaging seventy-three ounces silver to the ton. and it Is doomed of voir lmporiant value to this organization. There is a considerable consid-erable amount of Interest among local Indian Queen stockholders as to the probable action of tho directors when the lea-se expires next month. The leasers are understood to desire another period In which to work, and Mr Mangum Man-gum says that the directors have not as yet made up their minds as to what course they will pursue when tho time arrives for action. Rico Wellington conditions, he stated, were extremely gratifying. The company com-pany lias arranged with the smelters to market a generous ore tonnage, but the matter of railroad rates is yet to be adjusted ad-justed before shipments can be resumed. He believes that this matter will be determined de-termined soon. There aro six distinct faces of first-class copper-silver ore exposed ex-posed in this mine, from which very liberal shipments can be made at Bhort notice. Samples received from thes bodies a few days ago went IS to 15 per cent copper and from seventeen to nine ounces silver to the ton. New York Mining Stocks. James A. Pollock & Co., bankers and brokers, furnish the following, received over their private wro yesterday afternoon: after-noon: NEW YORK LISTED STOCKS, I Sales.) II. I L. else Chiuo 1.200 20; 2rTi 2I13 Goldfield Con 1,100 i 4 Nevada Con 2,000 213 2U 213 Kay Con ( 1.2001 10i 1SJ I8S Tounesseo Copper .. 2,400 14 (2? 431 Miami Copper 2.500 26 253 2SS Utah Copper fi.rtOO t53il C2i 623 Inspiration Con 103 10 i: NF,W TORK COTtn RANGl-i. I Salcs.l 11. L. Clse First National Cop.. .100 2i 24 Olroux Con 100 r.J 51 ii Inspiration Con 1SI- 19 Nevada Utah 2.000 i l i Ray Central 2i 2i 21 Yukon Gold 3i 3! Ohio Copper It 111 li New Keystone 2001 2i 21 2 South Utah .000 I J ; Mason Valley 200 Hi 115 ll'J Braden Copper 1,000 5; sa 5? ICly Con 30c 2i".c! .10e I.a Rose 1 3S ?.! 3? Nevada Hills 300 II HI 11 Mays Oil ( ,1,000- 38H .".Ocl .12c Belmont .1001 !! !I Tonopah 100 lijjl W H NEW YORK CURB CLOSIC. I Bid. Asked. Ely Consolidated 1? .25 IJ 1o Klrst National Copper 2.25 .1.00 Glroux Consolidated f.50 ' 5,G2i Yukon Gold :,. 3.37i 4.50 New Koystoen 2.25 2.50 Nlpleslng 7.62 7.871 Ohio Copper 1.25 1.30 Ray Central 2.37i 2.50 La Rose 3.fi0 S.C2J South Utah 75 1.00 Brltlvh Columbia Copper - -.75 fi.00 Bny Statu Gas 50 .521 Mason Valley 11.50 12.00 Sioux Consolidated 03 .05 ! Colorado is .'2 Iron Btoasom 1.20 l"5o 'rltM 05 .15 N-vada Hills ' 1 S7j 2 00 |
