Show MINES AND MINING EDITED BY F. F W. W SPRAGUE SIOUX MAY NOT CUT UI DIVIDEND DI f Such Action Acton Unnecessary Declare De- De dare clare Close to Insiders 1 MURRAY TO TOMINE MINE DEEP r i v Los Angeles Man Will Wil Go After Colorado Vein Veini i LV Ef Extension E f 1 r. r t I Eureka March farch 7 A A A report was ws current current current cur- cur rent this week to tho to effect that there thero would be a n. n reduction In lu the amount of ot the tho Sioux Stour dividend for tor tho pres present nt nt month and this caused tho tile stock to weaken u upon lon the tho exchange sa says s 's the Eureka Reporter In response to an nn Inquiry regarding the tho dividend which will bo be ordered paid next Wednesday Manager wil C. C C J E. E Loose Loe who was In Eu- Eu roka yesterday said that he lie did not like to make mako an any predictions us this tills was ras a matter mater to be settled by the te dl- dl ector Mr r. r Loose ald that the company com corn pany had boon held back with the shipment shipment ship ship- ment mont ha of ot oro because of oC the tho storms durIng during dur dur- ing lag February but hut whether this trouble has been serious enough to result resul In a reduction In III the amount of ot tho divi dividend l dl lend ho was as unable to say SY Tho The mine Is Js now pending out the tho to usual amount of ot oro and the underground conditions wore ere never ne bettor better Local mining men who arc are Quito close 1060 to the of ot tho the Sioux company com corn pany declared that there tere will wil bo be no HO reduction In the coming cominS dividend as the tho compan company's treasury now con contains more than enough mone money to waite make an eight cent dividend possible To 0 Mine DO Gro Group Jl A deal del which will i undoubtedly havo o an an Important bearing upon the tho future futuro history of ot the tho te Tintic district was as con- con this week when Col Thoe Thos I P. P Murray of ot Lot Los Lt Angeles In behalf of oC himself and associates secured an option option opton op op- op- op tion upon four tour claims which are arc owned by bv ton Captain Hugo of ot this city and which are almost almost directly north orth of oC tho the Consolidated ted holdings holdings Tho The four tour claims are the te Comstock Ea East t Humbug HumbuG Knight and Jack Fraction and the tho chances of ot this tills group contain contain- In the north nort extension of oC the tho to Colorado body of oro ore are aro considered d excellent b by some Kome of ot the best Informed mining men of oC tho the district Wo Vo aro not afraid of deep mining minim said CoL Murray lurry to the Reporter In Intact intact tact fact wo we anticipate prospecting tho the ground at depth unless we are aro fortunate fortunato fortu fortu- nato nate In getting what we are looking for tor nearer the te surface Our company compan I Is not being organized for the purpose of pf selling stock Block as S we have havo ample amplo cash already In the treasury to meet till all of oC our requirements for tor a long time to come The now nov nov- corporation will wiIl wil be known as a the Murray Mining company and Capt Is now In Sn charge of ot tho the property Or Orr In lu John Strang who Is superintending work ork at tho the states that a small smal of ot very vory nice nico oro ore has been heen up just off oC from one of ot the thc ol oll old l p 8 l oro IB IK v followed d t 1 iri It ro ma may h lead lead- a to v o eom something tt lJ bet better There has been heen little chan change e at the property since sinco tho the work wa was resumed after the consolidation deal with Tho The Is now working through what was wa the tho old workings from the tunnel level of ot the tho the plant not being In use forto for tho iho to reason that nothing Is being done dono upon tho the levels which aro are reached b by bythe bythe the shaft shat It I Is understood that there thero was an nn a agreement between tho the etro find and people to the effect that no assessments would be levied le for tor three months after tho the consolidation of the tho two two properties and this Is un- un tho the reason wh why the I In is not crowding development work atthe at tho the present time tIme A month or two later tho the company will not doubt 10 levy bet an nn assessment and commence work in earnest through the shaft Iron a a. uder r. r Iron Blossom IB is now shipping about tons of ot oro ore dally daily daly to the smelter Now ow t that the company has baa two places from which to draw the tho ore are the te output could bt greatly increased but to for I the tho present no effort efort will Il be bo made mado to send SCUd out more than tons each day ray The Tho ore In the thc Iron Blo Blossom lom appears to crr carry better boter gold goll values alues than the theore theore ore which has lian hal bc been n found in the Colo Cob rado radl Assistant Superintendent Frank Fank Birch stated last night that the tho assays t for Cor the tho last laet couple of oC days daya at showed all al the tho way from 14 to 25 25 In gold to theton the ton An n average average asa assay from the tho ore oro or which is now being shipped shinned will wil ho about 17 7 In gold ounces in silver n er and about 40 f per cent lead Mr Birch states that everything In Indicates In- In that the big oro body hoty Is getting 1 not only richer but larger as It I is opened up towards towards the Ole south Bouth and that thin tho Iron Blossom given promise of ot be becoming becoming ue- ue coming one of ot the tho tho most most wonderful mines in Tintic Says ayi u Sleek neck Tunnel In is l 1 There hB ha has be been n some talk recently I j r regarding sar an assessment upon tho the Beck Tunnel but nothing of ot a definite defnie nature na nn- na- na turo ture has hS yet yot been given out from the company's office It I IK is Ii true tre that the tue company Js Is It quite heavily In debt because be be- cuso cause of ot the ext extensive development work ort and light oro ore shipments but at tho the present time enough ore IH Is being belna sent ent down to tho the Tintie smelter to tomoro more moro than pD pay the tho operating C expenses and if I shipments are continued it will wil wilnot not be e lon long before the company's In Ind In- In d Is 18 wiped out out Assistant sl tant Superintendent Perry Fuller Fuler says that development work cork Is still sUl under W way upon the thc und and 00 levels In tho the new workings of oC the neck fleck Tunnel runnel anti and ont that the showing Is high high- I ly 1 encouraging ng he rue Tho ore oro which th the i company is I now sending out is by no means a u. I low grade grado product |