Show colorado dividend starts out with or 12 cents a share mine is in splendid condition the colorado mining company at the meeting held on tuesday posted a dividend of 12 cents per share or which brings the total amount from this mine up to the dividend which been declared will be sent out to the shareholders on the this is the first dividend since january when the company declared a 50 dividend at that time the mine waa was not shipping but the moi moz ey was in the treasury and the directors decided too malehe e eivir Eio on ir r in june the company commenced sending ore to the united states amel ter and at the present time shipments are being made to this plant and also to the new smelter over at silver city when the shipment of ore was ed a little less than a couple of months ago the company had a big overdraft and in addition to paying this off and putting aside the tor for the divi bend which is to be paid this month there is said to be in the neighbor hood of 40 in the treasury as a reserve fund the company is now sending out about twenty carloads of ore a week and if the output is kept up to the high standard the mine will be able to pay a much larger dividend next month 1 those who have been underground at the colorado mine recently say that it is one of the most wonderful bonanzas in the entire state during the time that the company could not place its ore upon the market develop ment work continued and as a result appeals to be absolutely no I 1 mit to the possibilities of this great mine there is more ore exposed at the colorado right now than at any time in its history and within a year the mine will be bigger and richer than it is today unless all signs fail |