OCR Text |
Show GRAND GEIW IS TO PAYFIVE CITS Directors on Wednesday Post Dividend Payable in the Present Month. Shareholders of the Grand Central company com-pany will he happy to learn that the directors di-rectors on Wednesday at Provo doclarcd a dividend of 5 cents n share. This will ho paid on September 25, the hooks closing clos-ing on September 20. The 5-cent disbursement dis-bursement calls for $25,000. and brings the 101.1 totul to date to $75,000, while the Grand Central's grand lotal of dividends divi-dends amounts to ?1, 527,750. Tho last, dividend paid by this company was In April of this year. The Grand Central company Is one of the Tlntic propositions now In possession of enormous bodies of low-grade ore, which will require In all probability some method of milling before the company will be ablo to realize upon it to the fullest extent. One closely In touch with tho property asserts, with the figures of tonnages and values to back his statement state-ment up, that the mine Is showing today In actually developed form as much or more In actual dividend material as has been disbursed. While the company's main dependence is upon the handling of this great tonnage, this docs not signify sig-nify by any means that Us tonnage of direct di-rect shipping grade ore is exhausted, nor that additional tonnages of shipping grade rock will not be developed upon future development work. |