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Show IN BL0SSH1 nil Treasurer's Report KK $438,551 on Hand, up crease' of $105,74j SHIPPED 38,452 M Good Showing on 190(jK Where Development mj Is' Being Continues Tho annual ' mooting of the tB ers of the Iron Blossom Mlnlng?M was held at Provo yestorday. "Sri officers woro ro-elocted, aa folIotHl Knight, president; J. WllllammJ vlco president; W. Lester Mangw!. retary and treasurer; R. Q. Amanda M. Knight, directors, mjt The secretary and treoaurerH shows that the company has a cflU plus of 513S.551.77, an Increase 'm 744.04 over tho balance on hand'jfci of tho year, In addition to $400,m, during the year In divldonda, Jmj shipped during the year ampM)', 33,452 dry tons, of which 22m came from the No, 1 working. . from the So. 3 workings. Develop New East Veiru'w Splendid reports are coming f 000 level of tho Iron Blossom j whero the new cast vein is ni developed, and It Is safe to say tl high-grade are will be mined fi point In tho mine's workings. the oro that has boon shipped fi new vein has been mined either i 500 level or above that point, llrst drift that was sont out aftoj on tho 600 encountered only a lo product- After this drift had 1 new vein from wall to wall, Supi ent Zabrlskle decided that It ,w advisable to follow the vein bol and south and one of these drifu cutting through a grado of oro 1 no doubt carry values enough I It a shipping product. Not only.J another drift, sent out to the sa from a point which Is about? farther to the north on tho 600,i have cut the main portion of thai body. It waB a couplo of days a the first vein matter was encout this second drift, and a report I mine today is to the effect that m silver-lead ore has now made its nnce. This second drift is now vertically beneath that part of; level from which the bust or 1 mined. $ At ono placo on tho 500 level .1 vein has been followed for over ; the drift being In the shipping i ore for practically the entire d(l First Drift Cuts Vein. The tlrst drift on the 600 cut t at a point about 1000 feet fronr'i 3 shaft and tho second drift, above. Is In the neighborhood oli nearer tho main shaft. Development work Is still in on the 1000 level of the Iron Blo while nothing of Importance hasj cated at that depth there Is a. V showing, and tho officials 67 pany consider it about tho raosl tant piece of prospecting that Ib der way. TherQ la some little speculation1 Ing the payment of a special CI dividend by the Iron Blossom C and while the mine's treasury Jj cellent shape for such a dlstrib earnings; there Is nothing certa! the shareholders getting .a llttl monoy this month, according to J Knight. Local people, however, i tain that the diructors will roll their usual plan and pav a 6-cei dend, or ?50,000, when they gt I on Wednesday of this week. i |