Show FALSE RUMOR EAST r m m V m mm w m ABOU DALY WEST I Mine Reported Closed When It Is Ready to Increase Production The cause of ot Daly West stock breaking yesterday to 8 a share on the eastern easer markets Broker William Wilia H learned by wire was a newspaper ac account account account count that tha the mine had been closed permanently and that no more mor divi dividends dividends would woul be paid Not only is the re report re report report port false but the truth is that the sec see second second ond shift will be put on at ts U mill next wl month to permit of largely la ely in increasing increasing increasing mi creasing production Large Larg reserves of milling ore of excellent grade have been opened since the opening of the drain tunnel enabled development to be prose prosecuted prosecuted prosecuted in enable the lower levels and the work is rapidly reaching a stage from froni which idly the reserves will wi be augmented very ver rap rapidly ra rapidly There has been ben talk that the paying of dividends might be suspended for a time since the cash surplus has been reduced to not far above bove the mark This matter says Manager Ernest Bamberger Is I for tor the directors to determine The Te consensus of opinion in the west is that it i would be b a wise business move While lle the greater portion porton of or the extraordinary expense required to place the mine again upon a paying basis has been met it i is likely to be several months before that will wl be fully accomplished and the treas treasury treasury ury reserve Is considered not too great I to provide for emergencies |