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Show HAMBURG PRUPEHTY AGJUH If! VELVET Extra Dividend of 1 Cent Per Share to Be Paid April 15. The Hamburg Mines company, operating oper-ating lit, 'f 'iodic, Nuv., is to declare another an-other dividend. The announcement was made. late yesterday afternoon through the firm of Kvans-Morris-Whitncy company com-pany that it. had boon advised by the treasurer of the Hamburg company that there was a surplus in t.ho treasury now! available lor another distribution of profits from ore shipments among the stockholders and that the board of directors di-rectors -ail! meet Monday at. the offices of -the company in the Xcwhonse building build-ing and declare an extra dividend of 1 cent $S0itO payable April 15, thfl boolta closing A'pril 5 for all stock of record at that time. During the week rumors have been persistent that this dividend would be paid, ft has been stated by fttockhold-erH fttockhold-erH closely interested in the company that a considerable eash surplus was being be-ing accumulated. This mine is situated at Pioehn, "Xev. Of the million shares capitalization about 200,000 shares still remain in the treasury. Shipments are coming regularly from the mine to the Salt Lake smelters at the rale of three or four a week that are said to net tho company better than $J4f0 a car. Several important strikes of rich ore have been made in the mine recently. The largest of these rtew ore beddings was opened up by a rausn from the tunnel tun-nel made about 450 feet; from its portal. However, it is now stated that the tunnel tun-nel fare itself is coming into rich ore cins which are dipping1 from the bedding bed-ding above. Hamburg is one of tho phenomenons among the properties newly developed since the present, boom in metal prices. The company was organized only eight months ago, and through tho firm of Tlvane - Morris - Whitney company, brokers, was financed largely by eastern east-ern investors. Since that time development develop-ment has been pushed with vigor. Five months ago the ore was netting the company around $700 a car. Late in December the ore values had increased in-creased to Around $."n a car. In January Janu-ary the cars were netting above $1100, and during the Inst month the values have gone up to $1400. and more. An initial dividend was paid on March 2. |