Show L Wf I NEXT DIVIO O I Much I Speculation Indulged hul in ill Concerning Concern ing What Action Act iou Directors Will Tale Take MEETING TIllS THIS AFTERNOON An Adjournment Willlie IU bc Taken Until U Monday President t Will Saturday Tho TI meeting or of the tue of or tha tho Daly Mining company Is If r rh for or but hut nu OK was In this the News NewA several days ago It will he be adjourned until a later Intel late elate HO AO O that will willbe willbo wiLllie be lie able to attend Ills will make malte a 0 full till representation lepre of ot th the board nil till the other directors b being in inthe Inthe inthe the city ell at t the present time timer Mr r has hal h ed the loc l 1 office that he hs to reach homo lionie Saturday 10 o tho board boar meeting will vilt probably b be until next Monday There It IR till considerable speculation going on ni to what vIat the tle next dividend will bo be Notwithstanding the tho fact the directors have 1110 never any an tate state statements ments nent to the effect that tho the next dif dis distribution lg would be considerably leis lees than thun the last lait one OM the th enrAl belief bellet tong among the members of ot tho the Mining Exchange It will be bo re reduced reo reduced Some eme the cut will viii bo ho homade made to 40 cents cente a share others It will be lee lew that It will not exceed 55 3 cents en tl One broker had hall the program all fig figured Il out tills this morning and nod could not 1101 he be said for the life lite of or him seo ec how tho company can pay pi 1111 more than thoU 40 cents cOllis a n chare phare unless it I draw heavily on Off Its present surplus lie He undertook to back thin statement by br l taking tho the for tor the month of o April which aggregated haLed gated so o he say tons or very vor VOI close to It Hy II 11 consulting lust report ho he ascertained that the ores shipped from the tim mine averaged about 30 to the ton tOll This ThIN would mean nil an In Income Income Income come on this basin of or for or the Hie month The rhe h operating expenses lUst last year about per month Presuming they are no less leac this deduction cle would leave a 11 balance of ot to pay dividends with or 01 29 SOO short of ot being em u h to COO OO 06 66 cents a II bare which amount tho the company Ins has monthly month slime last September A dividend would amount to so according to the given Rhen there would be ho little left Iett for Cor the fund und after meeting op crating and giving the share shareholders holders n II distribution of ot velvet Chet Of or course the company ha Ita been seri serl seriously son handicapped during lurIng t I e past two months Tho TIo shortage ot of water at nt the mill and the unusually had bad condition con of ot tho the roads has hag Interfered seriously In I getting the mines products to But flut the production for Cor May should bo be boup up UI to normal floTIlla end BOll hotter better since Inco tho the now I plant 1 II IC In operation |