Salt Lake Tribune | 1918-12-10 | Page 17 | Tintic Standard Declares Dividend

1TIG STANDARD dec IDEM Company Will Disburse $117,470 December 20; Outlook Optimistic. At a special i' called meeting of th dl-ctors dl-ctors of the Tin tic Standard Mining tornrany, held late Saturday afternoon, a regular dividend of 8 rontH was declared and special dividend of 2 rents per share. This is a total of 10 cents per share on the. 1.174,700 shares of the stock outstanding, out-standing, calling for a disbursement of ..".470. Fayment will he made December Decem-ber 2i to st'n:k of record December 17. Dividend disbursements hy the Tintio Standard company began In June of l'.UT and have been continued regularly since that time, the first payment being 2 ccntn per fhare. The first was followed hy another an-other 2-cent dividend, then came two --cent dividends, one 6-cent and one -cent. Including the dividend just declared de-clared the total amount of "velvet" foots up .3ft.S73. During the past season, aside from the period that operations were seriously han-flicftpped han-flicftpped bv the irifiuenza epidemic, Tlntlr Standard has been one of the heaviest, shippers in the Tintk- district. It ha a niade numerous shipments of - hich-grade fire that netted the company liefier than SM.oijo per oar. has kept Hh development work far ahead of Its outpnr and has expend ex-pend c-j approximately $40.fi0fl in mine uuiprnciitH and un'-ral betteru:ents. Although an Immense body of both high and medium grade "re In now blocked out On the 1300-foot Ifvel. t lie company has semi down itw main working shaft to n far greater depth and Is demonstrating the persistence of values on the deepest levels.