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Show TOffDPAH COMPANIES , OEUEjl WiS Tonopah Mining Company Takes Lease on Mizpah Extension it an eet ng of the board ot directors of the Tonopah Min ng conpany of le ada held at too office of the com pany In Philadelph a a regular 6. arter 1 dividend of "o cents was declared saj s the Tonopah M ner Th s d v dend is payable on Jan ary 21 1015 to stock holders of lecord at 3 p ra. December 3J Transfer books will be closed at 1pm December ol 1914, and will re open at 10 a n January 8 1915 Th s is the th ty eighth d vidend of the Tonopah "M;n n;r company and when at is paid t will n ake a total of $1'. o50.000 that the company has returned to its stockholders n div dends These disbursements have co t nued over a period of ten yeaTS and there are few mining or other corporations that can show so good a reco d While the Tonopah Min ng company now owns the control of several Bub sidiary oomparaes that are or will become be-come profitable yet with the excep t on ot the Tonopah & Goldf eld ral road these subsidiary compan es are of recent acquis tlon and have not contr b uted as ,yet to the payment of divi lends The magnificent Bum of $12 50 000 wh eh has been pa d in div dends came almost ent rely from prof ts of the company s Tonopah mines That the Tonopah Mining compan-j is still in the market for other min ng propert es is proved by the tact that they have just taken a lease on the Miz pah Extension mine with the option to purchase within two year,s In the face of the unusual and large expenditures of the last few months for Additions and improvements to the mill rs well as for the mine the dl ectors of the Tonopah Eitens on com pany have not only declared the regular fluarterly dividend of cents per share but have added an extra d idend of 2Vs cents per Bhare and on top of Jhat a special dividend of 2J. cents per share. Th s makes a total of 72 cents per share which will be pa d on January 1 191o to stockholders of record December 10 1914 Those who follow the reports eah week closely w 11 have no difficulty in Fee ne how the d rectors are able to "to this, for the m ne is an excellent one and has very large bod es of ore the val es of wh ch are much beyond the ordinary The m ne is in good si ape for cont nuous ore product on and w th the capacity of the mill very much nereased the larger dividends will doubtless be the regular order of the dav At the mine s nking has been resumed on the main incline winze from the 11 0 level Th s will bo put down without delay deep enough for two more levels janl if the ore bodies hold their widths and values to these lower levels as it is tully believed they will the increased alue of the Tonopah Extension will be apparent A new ore show ng was made dur ng -the week at the 9o0 foot level where ra se 914 cut the Murray ve n S x tfeet of good ore are now showing in this raise |