Show I DIVIDEND OUTLOOK When it was late Into J I day afternoon that thai the directors of tl the Iho o I II I I Colorado mine had gotten together inI in I Provo and decided upon hiltOn the posting of ofa I In I n a dividend of 5 G cents n a shari aJl aggregating aggregating rc gating r th there thero r was waa a bit of rejoicing re rc- re- re joking in local raining mining circles that at one ODO company had bad the temerity to toc c Caine r o forward with wilb the tho initial distribution tion of bread for the thc ne new year That the Colorado has ms mado r a splendid pien- pien did thu record is proven plo by bJ the reference to the dividends that it Itts hitis paid within the thc space of only a n few months montla which laich foot up in th the tho neighborhood of 00 flO- flO nut But that it was wag advisable for this company to make its dividend dividen in in part which has lias heretofore been heen as much mitch as ta tal t l 12 cents a share or a month is 1 a l question that was being hein freely I debated de lc c- c bated bate on the exchange this Ibis mor morning fly Ily a careful comparison it will will hj h be seen at a glance that the average prices 1 of or silver and lend lead for the I last t year made values as mud much ns as 5 a n ton more I than the thc settling prices for these thc metal metals have ha been during tinning the present year 11 This conclusion ion proves that the tho Colorado Colo Cob rado must bc he earning less every ry mouth than during the early st stages of ol olits its career In the case of this one mine mine another condition confronted tile the management management man man- sari and that i is tim tho fact that tho the production from the mini mine has no outlet at it the tho present time With an los loss in the thc settling prices for or its or ores the shutting off of its production and the tho certainty that the company has no surplus in it its treasury causes a number of the talent to question tion the thc attitude of the controlling interests in iu this prop crt erty Tho the facts arc are that the Knight inter inter- are rc in th the tho saddle and th they are dictating time dic tating the policy of this and other companies eon com panics in itt that fc section tion The Knights arc are also abo building n smelting plant in ia Tintic Tintie artil it in is said Mid they thy have ha mo use for br their portion of the thc Colorado dividend nd to rush to completion time the smelting plant a as ell vell a as the contin continuing of operations op op- op- op orations in iri their mines mints in iii th the Tintic dis ilis- triet However this thin may maJ be he the thc minority mi nil nim- nim interests in tho Colorado do 10 not seem seem disposed to look upon tho the payment r pi pay py ment mont of tho the dividend at this time very cr cr favorably for fOT in addition to th the facts fact's ns M recited th those the into interests rests claim that thal the company should build up a surplus to meet an- an any emergencies that nun may arise niRl including the Wil Wilson claim winch which involves in in- oh cs a 1 lar largo large e slice hica of the dividends h that have been posted postell as 18 well as tl a considerable le interest in in the company's holdings I. I Uncle Jesso Kni Knight hl has been very cry fortunate in in striking tho the or ore boli bodies s i in tb the tho diggings digging n and since his return re- re turn torn to the tho district after he ba had ama amassed a a. fortune out of the Uncle Sam and 1 Humbug ground he has made herculean strides toward the ranks rank of the tho millionaire class br by his wonderful discoveries disco in er several l of r the mines 1 of lC that belt Should he now overreach ach himself by makin making his mines pa dividends divi did when b by a little waiting he could get much lar larger ef returns on his shipments is a matter that even cen some o of his friends arc debatin debating As the tho silver and lead metals are Ire today to to- d day being disposed of ot there i is no longer er any question but that it is absurd for the Richest richest mines in the country to sacrifice their ores In Jn fact lac t it has bas been proven that at the present prevailing pre pre- railing prices there thero are arc a n number of creditable silver lead very properties that simply cannot meet their expense accounts now as the cost of production is 5 above the returns that can be had from the sale lIale of the orel ores That nov an of the mines can operate and make divi i dench is i is simply impossible The largest and richest silver lead properties in this state are arc those at Park Cit City and anti the lO men D who ha has havn converted con converted that section lection into nto mines that pay millions in dividends di and given gi employment employ ment to thousands of the tho laboring classes must be bo practical 1 miners liners All of these properties have ha closed because o they ther could not snake make dividends on their production under existing conditions and the dividend i outlook is js s none lIone too bri bright ht in in consequence |