OCR Text |
Show BINGHAM MINES HAS I INCREASED EARNINGS! i Bingham Mines earned for the months j i,.-of April. May and June a trifle over S40.- ciu May being the high month with i S1S.4C6, says the Boston ew Bureau. For the same quarter. Eagle & Blue Bell earned about $55. 'W. May also being the high month at $27,957. Allowing for an equity in Blue Bell -i earnings of 75 per cent, which is the amount of Bingham's ownership, total profits available for Bincham in the sec--1 ond quarter were nearly $v2,0CK Although " -this is the best showing ever made by either property, it would have been ma--teriaUy enhanced were it not that Eagle Blue Fell shipments were reduced to fifty tons a day on June 15 by the Ameri- ; i- can Smelting company. A large number of bonds have recently - ' been converted so that of the original ; issue there is now oustanding only $2T- j - '- f-0' Last year ?7.0t"-o were purchased and !""-- since then $250.00 have been converted, i t"1 There is now $5'0'"f sinking fund cash! -1 - in the treasury for the purpose of retiring1 another block of bonds. |