Show MAY MAY DAY DECLARES Larger Payment Deferred Pending Completion of Improvements May May- MayDay Day directors met yesterday and ana declared a dividend of or or 1 cent cant a a share shale pa payable able Jul July 2 25 upon stock 0 of record JUI July 20 O. O The rite making of the initial monthly dividend l under the pr present management manage mont ment larger than 1 I cent a share was considered b by the directors The company compan com corn pany pan has a good surplus In the treasury treas treas- ury y UY and and could pay another cent but butIn butIn butIn In view of or the fact that considerable expense is involved ed In the connecting up of th the ha Ma May Day property with isih wih the tho ho old oid Uncle Sam property recent recently acquired ac ac- ac- ac It was decided better belter beter to provide provide pro pro- vide for or nil all al possible contingencies by leaving a considerable sum In th the treasury ti for fOl another month It I. I Is la quite likely J ely that iho Increase will wt i h t mU 11 ti 4 r lh Irrl dent J hn 1 Dorn Dern rn are arc mo most moH t encouraging It I is responding handsomely to de development do- do and nd by y another month everything will wH bo be bp In shape for fo working working work work- in ing economically in every overy department |