Show r COPPER VEIN BElOW 1 LEVEL OF IRON IROM i BLOSSOM IS RICH According to a statement given out at the Knight offices In Provo today the copper vein eln In the below the level is holding out well It Is a high grade product giving returns of 12 per cent and the on this ore has attained a depth of ot fourteen feet below the drift level leyel This was sunk from the COO and will be continued continued continued con con- as long as the ore holds hold out ut An official of the company said that the production from this Tintic mine was satisfactory both as to the amount of ore produced and the returns on the product The net returns have been as 1 much as a a. month which would easily permit the payment of 10 cents a share quarterly and still leave a small amount to tobe be added to the sur sur- plus There are times when the net 1 returns are as low as a month I and because of this condition It has been necessary to make the quarterly disbursements 5 6 cents a share quay quay- terl terly After Arter the payment of ot the next dividend dividend divi divi- which amounts to O. O the company will have a cash surplus on hand of This gives the company com com- company corn com pany ample surplus to take care of Its quarterly Quarter dividends and at the same I time provide a fund for any new development development de de- cle- cle work that may piny be decided upon The company Is adding a nice sum of money to its surplus account each month since the dividend was re reI reduced reduced re- re from to quarter quarter- I I ly iy It may be decided to make extra disbursements at various times when the surplus gets larger than the directors directors directors tors decide the funds are sufficient to handl any emergency that may arise While the copper ore development has not been extensive It Is a fine grade of ore that could be shipped at greater profit than the lead ore The copper coppel ore showing is one of the of-the the greatest encouragements encouragements encouragements en en- the company has had In Inore Inore inore ore development for several months It shows plainly that It It is IA making to greater depth and the management has reason to believe that at still greater depth a considerable production of ore will be made and the ur lifO life of the estate as a producer er be lengthened Into y years ars I |