Show MONTANA BINGHAM ISSUES REPORT according to the annual report for 1922 issued by president green and directors the montana bingham consolidated mining company operated throughout the year with one shift per day and made shipments of dry tons of ore which yielded smelter returns of new development work the report states consisted of 2877 feet of drifts raises and dinzes costing compared with the previous year there was a decrease of wet tons or in smelter returns I 1 the operating prof profit it for the year was after deducting prospecting and development charges charge sp issues of treasury eatock s tock bond interest and depletion there rema remains into the audit states a deficit of comp compared ared with the previous year negotiations with respect to a lease and option to purchase the property based on a purchase price of payable in five annual instalments installments of each with the provision that at least must be expended on the property during the first year were signed during T the year recommendations as to purchase will be made later the report states the company ha has s outstanding bonds amounting to which mature june 1 of this year general manager pett states that conditions a at t the mine remain quite encouraging encourage inar a but operations are hampered by lack of working e capital the position of copper has greatly encourage encouraged ed the management the pr principal in cipal ore mined during the year was copp copper er with some lead and iron ore values |