OCR Text |
Show OHIO COPPER'S FINAL PAYMENT Final payment In the sum of 157,600 was made yesterday by the Ohio Copper Cop-per Mining company on Ito acquisitions at Bingham, this disbursement swelling tho total of those made by it to an amount approximating 5300,000. This, of courc. Includes incidental units, equipment; equip-ment; but In return, said A. F. Bottles of the NcWhouaj staff, tho company has an asset that is today worth no leas than half a million. It was upon the arrival of lion. N. J. Catrow of Ohio, whose far-seeing sons made It possible to capture a typical Bingham bonanza, that the final payment was authorized, and to inspect the mines and mill he will leave for camp this morning. At present the management la reducing an average of 100 tons of se"cond-class ore dally to a carload of first-class product at the old Winnemuck mill, which was leased soon after the mines changed hands, To enable them to increase this, mid Mr. Bettles, the consulting engineer and metallurgist, the company will either order tho enlargement of the present plant or it will install a new one. Physically tho mines have Improved as developments have advanced, ad-vanced, and, with a plant of Increased capacity, the piling up of dividends should begin. Tho undertaking from the first has been a clean-cut one, and In the success assured the new owners mining men generally will rejoice. In his visit to tho State Mr. Catrow, who Is prominently Identified with Ohio banking ilnterests, Is accompanied by Mrs. Catrow, and their stay will undoubtedly un-doubtedly be made a most pleasant one. |