Show MAY DAY A NEW DIVIDEND PAYER N of the now new ne dividend pay payer ONE O er era tra cf of If the year or li Is I the May Hay HayDay MayDay Day Mining company which Is le taking III II place among th Ih the list of big ble mining A total of ha h has been bun di buri d among atone shareholders har holders since Inee July Jul l 1 last hut The company Is now making monthly distribution of I 1 U cents cent n R Rha share char ha and in view iI of the rut fact that It lit has a favorable contract with tho the meller rs there thore ts is every eW reason to be liv that this record rd will wUl be continued indefinitely An event erent ot of Importance In the af at affair faire fair of th the May MR Day company wits was the tho p pacing of at a control of the ho capital stock alook early rl III In the year car which was WA followed by h a reorganisation r r which wa we effected on April 1 by the election of or John Dorn Dern president and manager malinger B R 1 J F Cagey y vice vloe president A Reeves secretary and W v S R treasurer Among Amon the first not acts of or the now new nc ad administration ministration was waa the put huo of the nt nl and thren trag enal mining mm J It tho Uncle 1 dated e the mill owned onNI by the latter corporation For the purpose of ot paying for tor thus this property the capital stork stock ck of ot the tho May MayDay MayDay Day company was wag as increased from to shires shares hu s tho Iho Increase goIng to the Iho Uncle Sam Con Consolidated Consolidated corporation Title Tills trans transaction sellout action received the hearty hearly approval of the May Day stockholders as us the Iho ac acquisition solved the problem of econ ceon economic mining for the May Day corn com company pony pany an by 6 making It possible to operate oper lIo the mono through tho the Undo Ram tun tunnel tunnel nel gel anti doing away with the oho necessity lily sity II of 0 hoisting to lh ho surface all ore oreas or oral oreas as al was wan formerly the case But the acquisition of ot the th mill in to conjunction with the cheaper r mining costs has given Riven the company a R dis distinct diet advantage This mill has boon been thoroughly remodeled during durin the past few months month and now the large reserves of low grade ores ore In both the tho May MayD D y and Uncle Sam claims elaime can be made commercially valuable A high grade e concentrate Is the result of ot the I milling of these there ores or s and Ind the company has ha been shipping an average of or n a car carload carload load a I week in III n addition to the high grade crude ore which Is sent lent direct to the smelter The May 18 Day fay mine now no seems des destined destined tined to occupy a n place In the tho front ranks of oC Utah producers uc rs and payers It has passed r some ome v very ry trying times In the tho post past but the clouds wave Re lifted and the tho shareholders ers fr who hav have remained loyal when called on nn for assessments aSllee menla are receiving receIvIng ing theIr reward Recent develop developments ments menta rn n In the tho May Day Da property have been of a 1 most Important Import nt character giving assurance of a long lone era of steady production |