Show 0 THE UNITED STATES COMPANY it has been known for some time says the united states investor that the lewishon interests have been making a careful investigation vesti gation of the bingham and utah properties of the U S mining to conclusively prove whether their large purchases of the stock early in the winter were warranted by actual ore conditions at the mine in the special report made by mr channing it would appear as if conditions were extremely favorable the mines are reported in a satisfactory state of development and ore reserves are in sight in the bingham mines which in the judgment of the expert should yield a net revenue of this is for ore already opened up and has no reference ref ernce whatever to values that may be discovered below the levels already opened in the tintic gintic group at the centennial eureka the gross value of ore is figured at 2878 per ton and net value 1187 perk per ton over tons are estimated as ready for giving a net value of on the present basis of ore sent to the smelter tons a month in the centennial eureka alone there is six years work at an average profit of a year in addition to the values at bingham of the mammoth mine in california will be ready to send up ore during the present year fully as soon as the new smelter there will be bb ready to receive it and from the lead particularly it is expected that good profits will show it is the purpose of the company to take custom smelt ing as well as the product of its own mines and the kennett smelter is planned to be large enough to take care of all the rock delivered to it the erection of the smelter will prove of marked benefit to the mining industry in that particular section of the country it is thought that the trinity mines may start up as soon as the united states smelter is in operation as it is located close by the trinity in fact the united states people have a right of way across some of the trinity waste land to reach rail transportation it is believed that the new smelter will be large enough to handle all the rock that trinity would deliver to it and then have abundant time to handle all its own business and some additional custom work |