Show Thi Three Utah Silver Lead MineTo Mines Mine To Pay Stockholders Huge Quarterly Dividends Are Declared Tintic Standard Pays Pay C v Silver King Coalition Park City M. M S. S Totaling M Directors of three silver lead mines of Utah met Wednesday afternoon and voted quarterly dividends due at this time which will mean a total disbursement disburse disburse- ment ment for the three months period to stockholders of Such a a showIng show show- Ing reflects credit upon the managements manage manage- ments of th the three mining companies In question Standard rack Park City Mining Smelting and the Sliver Silver King Coalition and indicates the Importance Canoe tance of the mining Industry to Salt Lake The Tha Tintic Standard again tops all other silver lead mines of Utah This mine continues to b be the outstanding ing figure In silver lead mining In Inthe the West with the tho announcement of the regular cent 10 quarterly and 15 enL cent extra dividends making the quarterly quarterly terly to stockholders 31 and bringing the total dividends for th the first nine months of this year to This dividend will be paid September 29 25 to stock of record of September 22 President E. E J. J also announces an- an flounces a a. cash surplus of showing that the company in itt spIte of the large dividends being paid Is earning earn earn- ing almost twice the amount The mine S Is producing approximately SOO tons Ions of oi ore daily and la is in excellent condition with ore reserves already blocked out reputed to be worth many millions of 02 dollars COALITIONS COALITION'S RECORD Directors of the Silver King Coalition tion Mining company which has a grand I total of dividends amounting to voted a a. quarterly disbursement of 01 I equal to 15 cents a share This Thu I will bring the disbursements for to 10 The date for payment is I October 1 and books will close Sep Sep- ember 20 President G George orge TV W. Lambourne announces an flounces a quarterly dividend for the 1 Park City Mining and Smelting com company pany of 16 cent a share hare payable October Oc tober 1 to stock of record of Septem ber 15 This wilt will make a disbursement die dis- of for the year and anc I a total dividend record of I for the property I The encouraging outlook for forfi l lead ad mining is reflected in th markets silver now Cal below 70 cents an lead lealI holding firm at 8 cents aiD With the settlement fo to Europ- Europ fairs the demand for the white I be much stronger and prod mines of Utah probably never hid had I ter prospects at any other history of the mining Industry U Concerning the physical the Park City Mining Smelting pany's properties President Lamb I states im I During the last six months the I lying above th tha level In their and the Daly West mines has opened up for another 00 feet continuous ore From the th y ex southwest face to the neither of which apparently has r j the longitudinal limits of the deo de Is a a. distance of feet of soil soli The strata constituting deposit while dipping to thelT west apparently does not the surface since th the leads Into a mountain with a al I pitch no so that although the nort em ern end nd of the ore body liei 1151 1 the level and the tha about the level aa as made In the latter direction dept I be be rapidly gained if In places the ore body Is fill fit seventy feet wide according t to in tion from the mine The U ranges from six aix to twenty I last raise put up o oa the I beds showed solid ore ore for adlof di a-di I of eighty feet before the hanging was reached M During the last three lead leati prices h held ld around 7 cent Park City Mining Smelting c corf r mill operated but one shift a athe da the last fortnight however thel has ben been operating two ads Cash and bond balances of pany according to official in ill excess of Ova Ore in slot other credit items bring the total abb balance up to 4 1 |