Show chief cons co orders payment of big dividend at a recent meeting of the directors of the chief consolidated min ing company held at tl e main of bee lice of the company at houghton michigan a dividend of 5 cents per perl share or 44 was ordered paid this money will be distributed among am tl ti e shareholders S h holders of the corn cam pany on the ar and 2nd of 0 november and it will male a to total al of the present ye at the same time bringing the grand gr nd botar up to agathe A few years year ago the chief cons company was established es abolished ablis hed on a div idena paying basis is the payments ag gic gie gating 10 ants per year this year the company s earnings have been large enough to justify the pay ment of 5 cents per share for each quartet quarter or 20 cents per year not withstanding the fact that the divi bends have been increased the coin a pany has been able to add to its big deserve fund but the progressive pol ides of the company will call tor for the ex expenditure e n deture of a large sum of money during the next year or two just recently the management se cured control of the immense hold ings ingo of the company which adjoin that part of the chief cons mine from which the heavy tonnage of ore Is now coming and then the new campaign of work in the east ern end of the district will call tor for the expenditure of considerable money aap figures on the earnings of the chief cons mine tor for the past ter have not bet et been given out to tie tl e public but there Is no question but what the property Is experienc exper iene ing very prosperous times new ore deposits are being opened and not withstanding the unusually heavy shipments the mine mines s ore reser reserves vea are being increased rather than dl di mini shed la baal seail st aiL KJ K |