Show UTAH MEAL METAL MAY BUY NEW Production to Follow Taking Over Neighboring Mine and Mill Mi That Tha the Utah Uta Metal Mining company which already owns the tho largest acreage a reg of mineral ground gound owned by one operating operatIng operating ing company in Bingham camp will wi ab absorb ab absorb the te New hew ew England Mining company is said sad by some who are close to the in Inside Inside side V to b be assured that It Is the only logical outcome of the suit which has ha been brought to recover for io of ore pre alleged to have havo been extracted by b the New lew England company from Utah Metal ground gound W E Hubbard one of ot the theSal Salt Sal Lake directors of Utah Uta Metal Is now In the east eat and ad it Is I believed that before ho returns arrangements for taking over the te concluded New England Englana company wilt will wl have been The addition to the tha Utah Metal estate will wi not be b great gat In i point Met of ot acreage for tor the New England company owns only about 28 23 2 acres of ground gound But the thE ac ao acquisition ac will wiil wi be b Important in that it i will 11 enable the Utah Metal eta company to at once start star production upon a scale worth while The New England com corn company company pany owns a l mill mi of 15 tons daily daly capac capacity capacity ity iy and its is workings working are aro ar In position to tobe t tobe be pushed p shed on Into productive ground al already ready reay owned owed by Utah Uth Metal The rhe situa situation siua situation a tion ton Is particularly favorable it Is said for exploiting he the Venus and Jupiter claims which have handsome mineral showings showing In the to event that the deal Is made it iwU will be by exchanging Utah Metal tal treasury treasur stock for the entire entre capitalization tion ton of ot the New England company upon a t basis bast doubtless which will wl make al allowance lowance for tor resources alleged to have been ten taken from Utah Metal ground To List Stocks In Boston The stock of the tho Utah Metal company Is to be listed upon the Boston exchange All Al of ot the stock aside aide from that which will wi be listed Is pooled Enabled to main maintain maintain tain tam profitable production at the samo same time that it I Is 13 driving the drainage transportation and mining tun tunnel tunnel nel to tap tp tha productive section of Bing gam at several hundred feet teet greater geater depth than has ha ever before been attained the company Is likely to experience no difficulty In holding the price of Us its Is stock at a good figure Around 8 and 10 0 a ashare ashare ashare share is named by those who are in close cos touch with the plan as a the te price prIc at which the stock Is to be b held pending ng the obtaining of results from the big eme of ot development which is un under under Under der way |