| Show MINES M I N F S AND MINING I NIN 0 EDITED BY F. F W. W SPRAGUE COLORADO COMPANY PASSES IS ITS DIVIDEND Directors Take Action Acton Already Reflected on the Stock Market Market NOT SHIPPING RICH ORE I Only Reason Is That 4 a Ton t Will WUI i Be Saved Says Knight Knight Directors of or the Colorado Mining company compan at their meeting held In Il Pi Provo ovo yesterday voted to pass pas tho thu company's compans October dividend Tho The com company pan resuming production at the mine in JuI July had paid for August and September dividends of oC 1 12 cents a share or t a month rho Tho pa passing ng of ot the l i this month Is 11 duo to the te temporary closing down of ot orthe the Tintic smelter and to the compans company's com coin pany's pans having discontinued shipping shippinG high-grade high ore are to the United States smelter at nt Junction That insiders have hac been aware that th the October dividend would bo be re reduced reduced re- re or none at all ni would be paid pah has been apparent by br the weakness o othe of at atthe the tho company's stock on tho the local ex ex- cx- cx change It I is also known leo n that Jesse Jess Jese Knight it some somo days das ago assured a friend that no dividend would aso be paid Many believed up to the tho last lat moment however however however how how- ever that a point might b be strained In the Interest of ot J. J Will Wf Knights Knight's candidacy can can- candidacy for tor the governorship Rumors have been afloat of oC strained relations existing between the tho Knights and the United States Smelting people peo peo- pie Ie the Inference being that the Knights had hal dl discontinued shipping to the Junction smelter because the they thought they were receiving recel what I is sometimes expressively termed tho the double cro cross 8 U clo Jc Jesse s I Knight J last t evening positively denied thiS le lie trouble said sId that there had been no whatever that their relations with lh the United States people were vero absolutely absolute harmonious and pleasant ant c o Ia Been Ben Treated Well 1 We have have been treated b by the United States company compan a as ap well wel as anyone anyone anyone any any- one could be treated he said said- sId The Tho Colorado discontinued shipping high high- grade ore to the tile Bingham Junction smelter simply because we wo deemed It I poor business policy to continue such shipments shipment when by waiting a few row weeks at most for tor our own smelter tobe to tobo tobo bo be In commission slon again we wo could save savo approximately 4 4 a 3 ton on our ore We are still shipping to tho the United States company an some low-grade low silica sUe ore Yes we expect the Tintic smelter to be in commission again in about two weeks week There is no question about the te smelter being a success Mr Knight said sid that they had not been advised at Prove Prove- of any Important Import Import- ant new development in the tue Black BlackJack BlackJack BlackJack Jack mine He said sid that the company had ad several bunches of or ore re from which It could make shipments when the smelter was running that such shipment shipments ship ship- merits ments ment would pay expenses and possibly possibly pos pos- sibly a muo better beter but that no Important Important Im tin- body of ot crado grado oro ore had n Sn In the tho mine |
