Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1910-09-07
MINING, BUSINESS AND STOCKS.
SOME EASTERN VIEWS
ON FOUR UTAH MINES
sioux. Ccdar-Talisman. Colorado and
Iron Blossom Looked Upon as
Among the Best.

In thor latest market letter, &. A.
stoneham q Co, of New York, give
the following epitome OF eastern opin-
ion OF prominent Utah mining proper-
ties. which is given merely for what II
Is worth. 1t Is as follows:
Sioux Consolidated No action by
Sioux on the question OF dividends Is
due until Oct. /. AT That time. In our
opinion, based upon the latest financial
report. the regular cent dividend viii
be paid. This Is equivalent to 10 per
cent annually as against a market
price ON the stock at 20 cents per share.
There are few issues on the mining
list which oner such generous dlvi-
dend possibilities And while Sioux. in
the opinion of the majority of traders,
has been more or less OF an enigma, IL
Is a conspicuous fact that in the f,lce
OF detfactIon tue company continues ~
mine anu produce ore regularly. TO earn
proht ABOVE dividend requirements
anu 10 accumulate a good cash plus.
Ccdar ialisman; Our correspondents
In salt Lake advise US that the stO1K
which Is ruling now at around 10 csnrs
per snare should advance In the couf sc
OF the next few weeks to IS cents. Some
OF the more enthusiastic correspondents
state that Cedar Talisman is good for
an ultimate rise to not less than ~ g.
share. Reports regarding the mine are
that enormous bodies OF rich ore ere
blocked out ready for production, and
that the company IL paying ali ITS cx-
penscs OF mine development from the
shipments of zinc ore which IL terms
Dy-product, the principal ores being
high grade silver-lead. The extenC OF
these developed ore bodies, according
TO our advices, makes 1t certain thlt
when production is started In earnest,
Cedar 1alisman will gu to dividend
basis in record time and on account
OF the advices we have had on the IS
sue, We are disposed TO believe that our
western correspondents think IL IL a
splendid speculative opportunity.
COlorado The controlling interests
have not yet intimated the dispos ton
they VIII make OF the dividend ques
tion, but II is known that they are cx-
ceediugly ambitious TO keep Colorado in
the paying rank and with the knowl.
edge that the treasury OF the company
contains upward OF 100000. the opln
ion prevails in the west that the re su
lar quarterly dividend of cents per
share win be declared one weak from
tomorrow. The reports from the mins
continue to be exceptionally favorable
The wfnzes from the 300 level are In
ore. showing that the ore shoot which
produced over $SOOOOOO in diVidends
was not exhausted at the 300 level
while the drifts being run from the 500
level for the development OF the new
mine are In the mineraiized formation
with prospects increasing that impor-
tant ore bodies will be developed Coo
RADIO IL selling al under prospect pric 3.
Iron Blossom: There has been a
steadily strengthening market in this
issue this week, and, as against a price
under 10 cents prevailing a few we ks
ago. IL Is difficult now to secure stock
at under Sc cents per share. with every
indication that the issue will shortly
cross the dollar mark. We have been
bullish in our attitude to-
ward Iron Blossom The mine Is in
condition 10 pay dividends for an In
definite period. The dividend due for
this month will undoubt-
eddy be declared. net earnings IN June
alone having been more than sufficient
TO meet the quarters dividend.