| Show local officials cannot understand slump in iron blossom frank birch who is managing things here in tintie for the knight mines states that he is unable to give a logical reason for the slump in the price of the iron blossom stock those who have been watch ing the statements which have been given out by the officials of the corn com pany realize that the mine has not earned its dividend for several months but this can be attributed to the slump in the price of the metals rather than any change in under aroun ground 1 I cond t ons M mr birch sa says ys that the iron blossom is still stills a big mine that it is looking as good as it has allany time during the p past few months when the stock was selling for ai fourth more than it is today and that reports that it has reached the end of ita its resources and is ready to gd go the way of the beck tur ne I 1 S kand colorado are entirely mis leading last month a considerable quantity of low grade ore was sent to the smelter not because the mine was running short of the b h gher grade material but because this low grade ore was in the way and it was necessary to move it jie average dorthis for this in month will be muc much better and the mine will probably be able to earn the sum which is 14 required to meet the dividend about 33 OCO at any rate says mr birch there Is nothing 0 o justify the sudden slump in the price of iron blossom |
