Show TWO TO DIVIDENDS ARE ANNOUNCED May Day and Uncle Sam Con Order Usual Distributions for December BOTH BEFORE CHRISTMAS CALLS FOR CHECKING OUT OF IN CASH The directors of the Mayy May Day and Uncle Sam Consolidated companies met yesterday afternoon and posted the usual monthly dividends The Tile or l lc c per share posted by the May Maj Day company will be disbursed on the to the shareholders of record on the books of the company at the close of business on the The Uncle Sam a sharper share or will wUl be paid on the to stockholders of record on the Thus the called for tor will be available for tor Christ Christmas ChrIstmas Christmas mas There has been some question as to whether the Uncle Sam company with the smelter doors closed against it would make a distribution this month The action of the directors yesterday settles the matter The treasury was known to be in good shape and it was known of course that the company would at least be in a position to pay payout payout payout out what It would receive as Its share of the May Dad distribution but there was a belief in some quarters that the management would decline to encroach at all on its reserves until u Ul it had hn some assurance that the product of the mine would not be long denied admission to the smelter It was probably reasoned that no matter what should happen in the matter of ot marketing Its ore the theMay theMay theMay May Day company would be able to continue shipping and paying dividends so that the Uncle Sam would be sure of operating expenses even though all of Its ts treasury reserve was paid out for dividends and that is true There is some ground for the belief that roon soon after the first of ot the year all the shippers of ore will willbe willbe willbe be able to find a market for their prod product product product and while there has been no inti intimation intimation intimation mation from the management of ot the Uncle Sam that such is really the case It t is possible that it knows more about the he business than it is at present per permitted perV to divulge Anyhow the divi dividend dividend dead has been ordered paid and that thatis is s all that need interest the shareholders ers era for the time being The May Day company of course has las been steadily producing its accustomed accustomed tomed omed tonnage and the mine is said to toe tobe tobe be e looking as well if it not better than thant it t ever has done The company compan must have lave a rattling good surplus and even though the price of the metals drag for fora a time it will be able to go right along making money |