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Show STATEMENT IS MADE BY COLORADO CO. The following statement hns been received re-ceived by the shareholders of tho Colorado Colo-rado Mining company, under date of September 10. "The board of directors today voted to pass the regular quarterly dividend, believing be-lieving It to bo to the best interests of tho stockholders to hold the present surplus sur-plus of approximately 370,000 In reserve for development now in progress and con-toraplatod, con-toraplatod, rathor than deplete tho treasury treas-ury 03' payment of dividends and risk the posalblo necessity of levying assessments assess-ments for dovelopment purposes or closing clos-ing tho mlnn, should now oro bodies not be discovered within a few months. "The last mont's earnings were but $2000 and the Bhlpmont of slllclous ores lias been temporarily suspended pending the promised early completion of a mill to bo erected in Tlntlc by the Knight Investment In-vestment interests, which should effect a saving to the company over smelter rates. "Until the mill is prepared to handle tho Colorado low-grade silicious products prod-ucts the company's earnings will be still further reduced, as nothing but lead ore will be shipped In tho Interim, and It may be necessary to draw heavily on tho present reserve for dovelopment purposes. pur-poses. Respectfully, "JESSE KNIGHT, "Prenldent tho Colorado Mining Company." Ore and Bullion, The ore and bullion report for Wednesday, Wed-nesday, given by McCornick & Co., wi.s as follows: Ore received, none reported: bullion shipped, .'5125,000. Metal Market, Tho metal quotations for Wednesday, posted hi' McComlok & Co., were as follows: Silver, 63ic; lead, J-G.10; coppor, $17.i7. |