Show I i I PIONEER TO POST Will Wi Pay Five Cents and Distribute Distribute Distribute Dis Dis- Dis- Dis tribute Stock of Parent Company The Tue most important matter mater In connection connection con con- nacton with wih tho the Pioneer lease during the week has been tho the conclusion practically arrived at to declare a dividend S says S 'S te Rhyolite Herald While no announcement Is yet et made It I is I understood that a a dividend of or 5 cents a share will be paid probably probably probably ably on July 15 Hi to 20 OI O. O This will wil also alBo can carry with It Il a stock of the parent company the Pioneer l Mining company to th the holde told ff of or- bach c l of W a r i r stock As tho the r stock of ot the parent c com company rn pany Is now quoted at upwards of ot 30 20 cents a a share this v mal make mako e the combined dividend equivalent to 8 cents contI a share Tho The leasing company has had had an option o uton upon shares of the parent company compan at 6 61 cents which stock will wi he be taken up and distributed distributed dis die I as aa part of the te dividend The big from the lO level of or the tho lease has hRs been extended upward I to tho 16 level and anti 1 Is In tho high grade that was first encountered Homo omo months month ago aJo Some drifting Is being done from tho the at CO GO feet roel deep Tho Tha Tha sinking of ot tho the will wil ho deel re resumed re- re Cu med The usual shipment of ore oro has been maintained about abot 70 tons going goin out dally daily laly having a valuation around 50 60 10 per per POl ton From Flom a rich streak there Is being sacked some Mome very high grade lade which will vili likely produce the most valuable carload of ot oro ni-c yet et extracted ctet thing Everything considered the lease can bo be reported as in most moat excellent condition con con- I diton in all al respects |