Salt Lake Herald-Republican | 1910-08-20 | Page 8 | May Day to Work in Lower Levels

MAY DAY TO WORK T IN lOWER lEVELS Ore Followed by Leasers Is to toBe toBe toBe Be Developed by the Company Heavy buying of May Day stock on the local market the last few days day Is said to be due duo to the fact that the company is about to resume reume operations In the lower levels with wih excellent prospect of opening a a new mine Fol Following lowing the abandonment abandonment of ot work in inthe Inthe inthe the level some months ago on account of oC lack of funds leasers be began began began gan work on the ore which had been opened in the te level level Within a few feet teet the ore body opened larger and better beter and the leasers have since been shipping with good results The Theore Theore TheOre ore has hI been followed by them almost to the level and with wib the new line Une upon the occurrence thus pro provided provided provided vided the management is confident that U it I will wi soon disclose valuable new resources With the royalties from the te leases lese and the proceeds from its own mining and Ind milling operations May Day is said to have been beon making a profit the thelast thelast last lat few months so is in position position tion ton to conduct the deep development work without danger of being forced to call cl another assessment The transfer of shares of May ay Day stock at five cents cent a I share made on the tIre exchange Thursday was not a prearranged deal del according to the brokers who made it but was a a bona bonn bonafide bonafide fide tide offer and sale in the interest of ol ola ofa ofa a local man who has been quietly pick pickIng pickIng picking Ing up a good deal doal dol of oC the stock An attempt had been ben made to buy the large successful block at private sale but it I Was as un unsuccessful unsuccessfuL unsuccessfuL