Salt Lake Telegram | 1914-01-10 | Page 5 | Dividends by Iron Blossom-Grand Central Posted

DIVIDENDS BY IRONI BLOSSOM GRAND CENTRAL POSTED Dividends DI were po posted led by by t two o of ot the thc c mines this morning at ot the Provo c offices of ot th these e companies As forecasted ted In those these columns directors of ot the Iron Blossom po posted ted the regular quarterly dividend of ot 10 cents a share aggregating This will be bo sent to stockholders stockholders stock tock holders on on January 26 28 26 tho tile tra transfer ster books closing January 17 With the payment payment payment pay pay- ment of this dividend the company will have havo distributed to its tta shareholders profits to the amount of ot and the company It Is cash surplus In excess of ot The recent report from the mine Is to the tho effect that It Is in excellent physical condition with ore reserves ahead to la last t It moro mora than a a. year Grand Central directors posted the tho quarterly dividend of at 5 cents a sha shae e. e Checks Cheeks will be mailed to stockholders on January 24 4 and the transfer books will close January 20 0 This dividend amounts to and brings the total disburse disburse- menu menta made to to stockholders up to 1 2 and V the mines mine's physical condition condi condl tion lion is said to be better bett r than at nt any time for tor several years Most au all aU its ore oro Is a 3 copper product but the management Is still eUIl getting getting- out some lead product from the old workings The best ore showing Is In the lowest levels at from 2000 to 2300 feet The Grand Central dividend was not expected by hut but ut a few tew of the ore ers The fact tact Is that the treasury is In Ina Ina ina a more healthy condition than Ulan tho the di directors dl dl- rectors of the company are UP willing to admit Manager Loose believes In a conservative policy and Is not willing to tomake tomake tomake make any of ot the company compau matters matter public pub pub- lic lie but those who have been watching tIm tho shipments can get some idea of ot the teady stream of ore that Is coming to the tho market from this old Tintic bonanza Last year In dividends was paid b by this company n and it t Is understood od that an Improvement In the earnings Is promised this tilis y year ar