Show BINGHAM GARfIELD RAILROAD Will EARN A YEAR Charles Hayden Harden ono of the active air directors of the tho Utah Copper Ray Gbino an and Miami was evidently well p wilh ith what he saw saw in his re re- inspection trip of these these- western i ung p Upon his return to toj tor r j f j J ri bo gave za out the following ini in in- i D w r P r is trip was perhaps the j 1 i Interest ing wo ha have va ever made as is f JOl the new Bin nam Garfield in operation and the three big biJ Us fl an the southwest have all ai been t teed a in commission during the year Utah the remodeled Arthur moden modern ia is v s most wonderful erful extraction h. h ne ii we are 9 getting 72 per cent of the them per in ore running per cent sl s1 the most remarkable milling por e ex- ex m secured by any property in country I tl Railroad Pays Fays Ve if the value of the rail rail- rai- rai hi fuU appreciated It t represents one one oi of the tho most e pensive expensive pieces railroad construction f j f tal cost of the mies miles of 13 Md ef was s or about p l t the lat last two miles em em- and throe steel tunnels four ra au stes eo t. t of the above v total Wc were cr formerly Allaying the Denver k Rio RI Grande i railroad nl 2 i cents a ton to haul baul our ore 4 ln n the transportation of tons a ll dar last month the Bin Bingham ham Gr feld feldI I railroad showed an operating cost cos' un un- 9 cents a toil so 50 that our profits in some and ano outside freight transportation are at the rate oi 01 feil per annum on this small smal ton ton- tOI When we are ae carrying the con con- tons a day in 1912 v Ai and securing a prorating of of through Crates ates which we are now entitled to to tor to- to r gather ther with coal freight and f th Bingham n bam f j Garfield Garfeld rail rail- rai- rai ros 1 project will Wi earn car a clear clea cash cah of a year which will willbe wIl be additional earnings for the Utah Copper company As Ason soon as wo we have ha completed the on r remodeling of the Arthur mill mi in a the Utah Copper company compan i be consid red air an absolutely fini fin fin- fn and the greatest single sin sin- i ned proposition gle le c cooper mine in the world There ref re- re f main an no problems to be solved Situation at Ray At t Kay Hay it is taking a little lite longer er to toI I open up p h bv methods a I r property of that size an shape to pcr- pcr nut mil of the very ery largo laro extraction and somewhat more money oney in prepaid in expense but the mine V Vias Jl been een opened up in a magnificent t rrt s aDd and we wc believe II n our mine it paper we ha e e a man thoroughly 1 o. o ent to get the very best results e lowest costs and results to date 8 at h very erv clear that our cost of ike vi 1 bo 0 materially le less than thau we e lf c contemplated J The mill has now four sections cpm cpm- cnn ted and the fifth will wi be in opera opera- in about abOlt two wEe weeks s. s The me me- j c t al adjustments which h are fre even mill mi to secure the proper at which the ore should be milled are gradually being made madl re are no problems to solve and and nere A IJ are no O disappointments other th n the extra time which will wi be nel ne ne- l to get tet a proposition of of this fe magnitude running at its is maximum of- of t. t tiene These difficulties will wi lt t be beh fl h 15 ie t as were experienced by the and Utah at 4 Copper Coppe companies w hl same relative stage of their dee V I fi Miami and ad Chino i At I Miami we were much l eased sed to see the mill lII in l operation It I M I nf a mO most t satisfactory extraction t 75 5 per cent rEnt and treating splendid Y r n chalco ite ore which permits the j E of a 40 per cent concentrate j. j v Tl e high grade rade ore OTe in this property Awakes it a most attractive o proposition d nothing but an exten extension ion of its ore reserves X sene can be desired AVe We think this f t i is a I problem which the Miami has bar all al- al l wady rady solved This his mine is splendidly opened tip up and as soon as the balance of f i t the e sections of of the mill mi are completed A. A t.- t. should be very greatly V At Chino a tremendous amount of 1 ork T has been beEn accomplished during the tha V t The first section of the mill mi j 14 i ig in operation and with Wib a slight adi ad- ad ar i Ju of some ForO of the no new pulleys pule's to KS- KS r induce the of the tables this section iN-section F dion will wi be complete an and the other sections will wi be le rushel to completion based b ed on 01 identically these plans The second section tion should go into commis commission sion aion within a couple couple of weeks the third thir section ecton early in January and as the mat material rial has ba been ordered for the fourth and fifth sections they should be completed some ome time tile Mardi March t It is IS most rost gratifying to seo the de development of water that has been secured se so cured by the management as there is BOW DOW ample water for whatever what size mill the company might wish to erect The I i of the land is such that all an o of the tho minin mining for many years to come will II be bv steam shovel and the strip strip- of the capping can bo ho kept along jY t f-ery f Very easy pasy stages with wih the mining of the ore t TV V NEW NW YORK MONEY NEW YORK Nov 24 Close Close s Prime mercantile Taper paper per per cent St exchange stead steady with althal pu ln hankers bankers bills his at lt 48 75 for N s j d y bills bis and at for deW de- de W Commercial bills bis U S a Bar nar silver 65 cents v dollars 46 cents ln x- x Government bonds steady x Railroad bonds Irregular Money on call caU steda 21 per pel cent r 1 rate t per cent closing cosing bid J 21 per per tent Cent offered at I per cent Time Ime loans easy ealY for sixty days dan p per r cent for ninety ty da day 34 31 per percent cent for six I. I months per cent SAN OIL FANCISCO I ames A. A Co bankers ad South Main street t r- r the over thel private this Ire I Bd A I 45 01 I 80 1 I I 1 95 I t I onte CrIsto 4 Pew Pens 4 I almer I anla 85 i lg I. I Tp n. n a. a B 2 J o g. g 3 I |