Show may day pays 3 cent dividend 2400 will be p paid aid to the share I 1 1 holders holder on the of the present month lin nn mine treasury on monday when the directors of the may day mining company held their monthly meeting at salt lake they declared the regular quarterly dividend of 3 cents per share or 24 this money will be sent out to the shareholders on the of this month the books closing to the transfer of stock on the leth sat arday according to the very complete leport report submitted by general manager J C dick the may alay day mine is i in excellent condition with ample ore in sight to continue the present shipments for several months mr bir dick who 0 sas as in tintic gintic during the is meek eel said that during daring the month of july the company earned as much money as will be needed for the terly dividen divi dpn and that the treas ury coltaine con taine ed d over 6 GJ after the payment t of all bills of course a larger dividend could very easily have been paid bat the directors decided that it is advisable to keep the quarterly distria do to I 3 acts per shir shar al allowing lossing the surplus to go into the treasury some part of this surplus will be used in the f arther d of the property some new work to bs be taken up on the loser lo 10 er levels where there has been but little prospecting during the past year in tin neighborhood of thirty leaff rs are at work in the may bray day and considerable zino zinc ore is now be mg in placed on the market |