Show new quincy slated for dividends the same writer has the following to say concerning the new quincy new quincy mining company Is about to pass into the long list ot of dividend payers among metal mining companies it Is the newest bonanza for the fa famous m park city district and the entire mining fraternity Is congratulating president and manager A L andy hurley tor for his accomplishment in developing this property and putting it in a position ilon that now indicates it will be one ot of the big and rich mines of the state we understand from sources that are authentic that first dividends will be paid in april of this year and the company Is now earning more than dividend requirements of 10 cents a share a quarter and has at the present time around in cash in its treasury As of december 31 1928 the company had bad cash on deposit amounting to according 1 to the annual statement just issued but it does not state the amount of ore tor for which returns had not been received president hurley has alone carried on the development campaign against big odds that has opened the great ore shoots and beddings in the new quincy mine his knowledge of the park city district Is second to none his long lone experience with the sliver silver king coalition in a mine executive capacity and years of experience as a mine operator most of them teem to in park city has fitted him as the best qualified man of that district to fathom lathona out the intricacies of the geology ot of park city and it was this knowledge put into action that has brought about the phenomenal development of the new quincy mine we had bad a short interview with mr hurley just before writing this article of course we cannot give out the confidential information he may have imparted but we do wish to state that new Qu quincye incys ore development Is much greater and more extensive than we had bad ever realized and more so than Is generally understood in mining and financial circles of salt lake it if it were known we feel certain new quincy stock would not be available at present market prices As we have stated above we have information new quincy win will start paying dividends in april and the dividends we believe will be at the rate of 10 cents a quarter or 40 cents a year it should be evident that here la Is an outstanding stock to buy even if 11 purchased at 2 a share chare it would bring 20 per cent on the in vestment that Is a higher rate than any dividend paying stock on the salt lake exchange that Is located in one of the malor major districts of the state new quincy also is in a position to greatly increase its production product lon which will mean greater earnings although president hurley has big ore elopes opened in four or live five places in the mine he has other interesting developments just nearing completion that will be of a most phenomenal nature we know of one ore development head ahead in a separate fissure system that mean a mine in itself new quincy will pick up a big vein eln that has been bee n one of if the richest producers in that section of park city and it la Is not far off there Is another vein separate from the ones rom arom which ore Is now being mined that will be developed our prediction is that new quincy has in an opportunity to rival some of the rich st mt mines of park city that have individual production records around or more |