Show Tho U S Stock Payments The News Bureau of Boston says the bondholders of the United States Mining company who purchased the stock of the company n 515 per share in lieu of further payment on bonds have made their first payment on the new stock The stock Is payable In four installments 2 per cent December Decem-ber 1st 25 per cent January 1st 25 percent per-cent February 1st and 25 per cent March 1st The United States Mining company under tIlls plan ISHUCS 38100 now shares of stock at 515 p jr share and this Issue will give the cmpany the same capitalization which It would have had had bonds been Issued und subsequently converted into stock but the bonds would havo constituted a first Hot on the company which the stock does not When the outstanHng 5320000 ot bonds have beer converted Into stock and the minority Centennial Eureka ptock has ban turnd In the S company will have a trifle under 125000 shares of stock outstanding The company com-pany receives 5 76000 through the above issue which will pay for Us smeller In full pay nil loitlng debt mine development up to the Umt it bf comes a producer and have a cash I balance of about 100000 |