Show FLORENCE SHOWS LAR S SI I I President Favors Maintaining Good Reserve in the Treasury Feb 28 PresIdent President S. Thomas G G. Lockhart of ot the Florence said in an Interview that thaI oven o If Sf he ho knew of ot the decision of the directors he could not announce what action would be taken regarding payment of ot dividend until after otter tho the annual meeting on March 1 1 Since tho tile publication of or the tho financial statement dated January 1 which showed showell cash ush balance of but the company's revenues have havo greatly exceeded disbursements and tho the now mill Is now getting In Ill condition to tomake tomake tomake make a lar large e Income Mr 11 J Lockhart dwelt upon tho the dom dolO of depleting tho the treasury by an eCil early eaily dividend as an accident might occur such as ns a lIre fire in the mill null rendering rendering rendering ren ren- dering necessary maintenance of or good cash balance Mr Lockhart has lias added to his hit holdIngs hold- hold Ings of oC Florence stock by buying Inthe Inthe in inthe the open market and has hat never sold a share The original Inal treasury stock remains intact in the tho l Florence treasury Consolidated mill Is running full hundred stamps and nd with the Combination Combi Combi- nation mUon mill Is Is- treating tons tolls dally daily rhe ho Clement Is tho the 1000 i root oot o level and Lad exploring at 25 5 oth Combination a r 1 Fraction has shipped d dOral first Oral Ingot of oC amalgam and Increased treatment In Nevada Neada plant to nearly tons dally daily lease lense has a strike In tho center of ot the tho territory nt at a a. depth of ot feet ct value 2 10 Tho The Daisy Dais Is ht sinking Its main shaft to foot toot level anti and line has opened a i vein In three places The They are arc sh shipping pp n 60 GO oro ore |