Show sioux and colorado declare dividends colorado will pay 8 cents and sioux cuts march dividend to 5 cents the directors of the colorado corn com pany met at provo and ordered the payment of an 80 divided d or 8 cents per share this dividend which is for the month of march will bring the total from the colorado up to 1 1310 this month mouth s dividend will be sent out to the shareholders holders on the the books clos ng to the transfer of stock on the the colorado still continues to ship heavily to the smelter and the surplus in the treasury is being in creased from month to month there appears to be nothing new with reference to the option which jesse inight has given upon checol the col orado mine and the smelter the sioux dividend for march will be paid as usual on the of the month but it will be 5 cents instead of 8 cents at the meeting of the di rectors held at provo on wednesday it was decided that it w be for the best interests of the company to clip off 3 cents from the regular monthly distribution up until the news was received here at about noon on wednesday a large number of shareholders in the sioux were of the opinion that the company ft pay the usual 8 cent dividend when manager loose was here last week he stated to some of his closest friends that he w m as in favoron favor of cutting the dividend down because he did not feel that it was a good policy to crowd the mine mines s output at this time and consequently a number of eureka people anticipated the reduction in the amount of the dividend the reporter has it from a reliable source that the mine will continue the payment pay ment ora or 5 cents per share each month and that the management will make no effort to re establish the 8 cent dividends the mine is undoubtedly in fine shape according to those who have made the trip underground within the past few days and there is mole moie than enough ore in sight to urethe ins urethe pa v ment of 5 cents per 9 share iare for gwei twelve ve months with the 5 cent dividend for march the sioux will have paid 48 cents per share in dividends |