Show THE UNITED STATES MINING new york commercial the united states mining smelting smelling Sm elting and company of boston has been organized refining ile fining under the laws law s of the state of maine capitalization of for th the e with a J of superseding the united states purpose mining alining company the stock will be divided into common and preferred the par of the common stock it is understood will be 50 and will have equa equal 1 voting power with the preferred with the one exception that the common stock alone will have the power to determine the question of increasing the amount of common stock the preferred stock is to be 7 per cent cumulative and all earnings must be devoted to the payment of the dividend on the preferred stock before the common can share in the companas comp anys earnings it is currently believed that the earnings of the united states mining company for the year just passed have been above 3 the year 1905 copper production was over pounds this new consolidation will it is believed take in the present holdings of the united states mining company at bingham and utah as well as the controlling interest in the mammoth property in shasta county california the present company has six lead furnaces in operation at bingham junction while the copper melting facilities cili ties have recently been added to by the completion of two new furnaces rich ore at 1400 level besides the foregoing a furnace for the treatment of flue dust ore fines and concentrate has been installed and is working successfully the company has also recently acquired a controlling interest in the de lamar copper refinery at chrome N NJ J managing director holden is authority for the statement that the ore bodies of the jordan mine at bingham have improved within the past six months and that the grade and quantity is better than it was twelve months ago during the year the galena shaft has been sunk to the foot level and this level has been run north and south with developments eminently more satisfactory than was first anticipated new ore bodies have been opened up in the centennial eureka at tintic gintic and this property is in better condition than it was a year ago the ore bodies on the 1400 level have been opened and are as large and of as high grade as they were on the levels above the bingham mines of the united states company have over twenty miles of underground workings and sufficient ore devel dabove ope Pe the tunnel levels to supply the 11 smelter nelter for a half a dozen years to come the e ore produced is the typical bingham sulphide and is transported from the mine to the railroad station in lower bingham over an aerial tramway feet long |