Show I KING ING CON MAY PAY SECOND I. I DIVIDEND President Solon Spiro of tho Silver Kin King Mining company announced an an- flounced thi this morning morin that the directors of ot his company would ouM meet in a i. i few c days e to consider er the advisability of ot pa paying paying pay pay- if ing a n holiday a dividend He Heas nas ns as not willing to o make any forecasts forecast but ut the opinion i is that it i will vill wi be he for 23 Coats o i share al and that that- the payment will wil lit lit- e made aile in ample time to Rive give c the stockholders stockholders stock stock- hol holders ers monc money with wih which to la lay lain in a aI liberal I ml supply of oC holiday hoUda presents o to operations at the company com COOl pany ur propertied in I Park Cit City the manager man nan ager said that they had hal started to send scud the ore from the the mine to the market arid and and that thai tile thc they were vere wee o of tl the c opinion that this marked tho the tho b beginning of or regular shipments This ore i it hi a high grade c Jc lead product and anti was taken out ont in doing development work on the foot 1500 foot in intermediate in in into level Ic cl The ho ore was intercept intercept- intercepted e ed while a station was being cin cut at this point and they have haxe just begun to to drift n Ii I it i with wih ti tho thi result sult that the thc ore bins have Jr c been fiod and the company compan finds it itself clr in fl a R piton position is compelled to make shipments i hi in orte order to handle the product that thatis is il being brought to the surface Tho The ground has responded unusually well 01 according to Mr lr Spiro who wo sas says that the tue pleading part hart art of the tho situation is that while SO per cent of oC tho the development develop merit ment has been dead work thc they have extracted within the past two weeks from rom lO 00 to 25 tons ton of oC high grade ore in addition to a n lot of second class material ma iia- tonal is of or nUn lot a commercial l grade rac If they were disposed 1 to do dD so b he hl If thinks thinka they ticy could mix nl all the tlC ore oro ana auG s ship hip it direct ct at a good oo profit a a as all J the second class 8 ore carries values that permit ca of at least a sma small margin of profit While sinking the tho shaft shat a bed hed of feet feet of ore was wa cut cut through h which has been bren touched After cutting cutting cut cut- ting this for a distance of OO feet ver vcr tn I followed ledge matter mater The hc find on the te lo-jQ lo lO level 10 appears to to l ho o au an independent ore body an and the thc manago- manago ment i is ls of f the opinion that tho they are in inthe inthe in inthe the bcd bedding in country w whore where ere tho the alternated alter alter- aIer rated ore deposits will be bo found regular regular- I h W am and in iu place WA A second drift has been started from tho level c 1 and anc the country cO continues to show ledge mat matter or The Tho shaft is completed com corn to tM 1800 level Ic el and tho management man man- a prop cs to t cut cut- stations tong and out drifts from both both tho regular and nr in intermediate e i to levels Ic Th This is development develop develop- ment is to lo bo lie done 1000 with a to provin proving provo in ing up lP tho the c extent of the the ore ore re deposits 1 which appear to b bo over oer o OO feet teet in tou though h it i is expected that some sortie lean heart pots ot will will bo ho found No at attempt is ja il to tn h bo he made imide at t a large extraction as s the company c to I block out il its orn oro bearing territory and follow foo tho Zone to the tho lie west t in the dirce- dirce tion ton of f canyon where s hete it has considerable or blo |