Show THE RED WING EX AND LENOX the united states investor in answer to an eastern inquiry regarding the red wing extension and lenox mines at bingham utah speaks of these properties and the management in the following favorable terms the red wing extension company owns about acres of patented ground within a few feet of the rio grande western station at bingham utah many hundred feet of development work has been done and it is estimated that there are now blocked out fully tons of 0 good milling ore the manager is now sinking a I 1 from the tunnel level and is taking out considerable sid erable high grade ore and at the same time developing good bodies of milling ore it is the plan of the company to sink a shaft in the gulch and thus gain a considerable depth on thi the e ore body and get water also for milling purposes as it proposes to erect a concentrating mill at the property the stock has been selling in new england for some time at 1 a share but a few blocks havo have been picked up recently in salt lake city at a little lower figure however there is almost none of this stock on the market at the present time it is not probable that more than or shares could be picked up the lenox company has a capitalization of shares founded on a large group of patented claims in another part of bingham camp there are something over shares of the treasury stock yet unsold the company is holding this at 1 a share A H page of salt lake city is secretary of both these companies E mccarrick is president both of the companies are considered reliable and the properties are well located the officers do not promise any dividend for some time to come but they will no doubt develop the properties thoro thoroughly ad give the stockholders any advantage which may como come from careful management |