OCR Text |
Show BINGHAM CON. EARNINGS. Recent Advance in Boston Strictly on Company's Merits. The advance In tho shares of Bingham Consolidated of lalo can be accounted for on 110 other grounds than I hat the property prop-erty possesses Intrinsic merit and Is worth a good deal moro than It. Is selling for, says the Commercial Bulletin of Boston Of 200.000 shares of capital stock the company com-pany has JfO.OOO shares outstanding and 50.000 In the treasury. Besides thl3, there or? $1,000,000 G per cent, ten year, convertible convert-ible bonds, due October 1. 1914, with sinking sink-ing fund provision. These were Issued to retire notes and provide working capital. capi-tal. Earnings at present are between $35,000 and $45,000 per month, derived largely large-ly from ,tho treatment of customs work, but satisfactory nn theso are under present pres-ent circumstances, there Is everv probability proba-bility that, with the fifth stack in com-mission, com-mission, and with the company treating a materially larger volume of ores from Its own mines, earnings will amount lo $09,000 or $J5,0OO early In 1905. Indeed, we are told that the expectations -of tho management exceed oven these figures but owing to the fear of giving rise to hopes that later may be disappointed the management Is reluctant to paint the future fu-ture too brightly. |