OCR Text |
Show IRON BLOSSOM IS SOS OUT HIGH GRADE SILVER ORES i j 8ome surprise has been created in local cirelei by the steady art va ace of Iron Blossom shsres. One who, is la rloia touch with the company affair claims that the property has been out-putting out-putting a much better grade of or the past two mouths, ami that in the laat two weeks it has shipped from dfteea to twenty cars of or that elrowed silver values of from seventy-live to 100 ounces. He save that tb company haa a surplua in its treasury approximating 4173.000. and that the directors will be justified in paying a 10-eent dividend divi-dend at the regular quarterly meeting on October 8. 1 In the drift off the 600-foot level the force arc within about thirty feet 4 of-where thev expect to eaten th or. on the dip from the 500-foot level. This I i in th No. 3 shaft, and on th fifth level this or was sixty feet ia width, 1 aad tb or was very strong in this working; on its downward trend. Even better values are expected on th sixth " level, md Tacte Jpss Kniphtr of the opinion that th tapping of tb ore ion at tbi point will make tb prop erty a proven mine for a long time to, come. A considerable amount ofwork has beea don in the Iron Blossom territory. terri-tory. Th company has a large acreage and, leas than one-third of the property is developed to date. The new workings, work-ings, have resulted in a much better ore showing than was ever mad in this property and it is on this bata that Uncle" Jesse figure that the largest property b ever operated will be th Iron Blossom. He has shown such great faith in th ultimate outcome out-come of this mine that a new crop of buyers has entered the field while the price of its share waa low. These men feel that they hsv at least to t.5 per cent income in the form of dividends divi-dends at the present selling price of the stock. |