Show jl FINANCIAL MINING NEWS AND STOCK REPORTS DRAGON CON COM HAS CASH RESERVE RESERVE IN IM TREASURY OF f I. I of at iron together together to to- Heavy shipments ore gether with the lighter tonnage of z r higher grado grade material which is is' being f se sent to the valley smelters and to the fattening ef ef- Tintic mill null is having a feet on the Dragon Cons mines mine's treasury treasury treas treas- ury and information which was given w out at a recent meeting of at the company's company's com com- pany's directors shows that the mine min now ow has a cash balance of better than The present heavy shipments ship ship- shipments ments are bringing a considerable sum sun Q of gf money into the Dragon treasury treasury every month but the company is doing doing do do- ing some rather extensive development develop develop- ment nent work which is taking a god part of the earnings but then the large territory must be prospected if f the Dragon is to take its place among the big mines of the district says the Eureka Reporter At the present time the Dragon Is sending out about 75 tons of iron ore are daily this product coming fro from the south end of the mine while the higher grade ore are is being mined from that part of the property which adjoins adjoins ad ad- joins the Iron Blossom Blossom Earns Notwithstanding the fact that the August shipments from the Iron Blossom Blossom Blos Bbs som son mine were very light due to an order from the smelting company prohibiting prohibiting prohibiting pro pro- the shipments of ore the earnings of the property for tor the month of August were in excess of This information was given out at a meeting of the directors held during the early part of the present week Of course this sum is considerably considerably considerably consid consid- under what would be required if the property is to continue the payment payment pay pay- ment of its regular dividends of per quarter but when everything Is taken into consideration the showing showing show show- ing is very satisfactory and with the smelting situation clearing up somewhat somewhat somewhat some some- what there are reasons to believe that the Iron Blossom will make a much better record for the present month Colorado Sinking After sinking to the 1500 level in inthe inthe inthe the Colorado Cons property the work worle of cutting out for a station has been taken up The company's officials are undecided about future work in inthe inthe the main shaft which may mayor or may not be sunk below the 1500 level Shaft operations will probably stop until the ground can be more thoroughly prospected prospected prospected pros- pros I at a depth of 1500 feet Leasing operations are furnishing 1 employment for quite a force of men in the Colorado Cons mine which is isa a consolidation of the old Beck Tunnel and Colorado and while the ore are deposits deposits de de- de posits are rather small leasers have always been able to make money Inthis in this ground |