Show i t INES RS lIS r BOS BONOS Sluice Since time the Bingham Mines com company pan b be- be KUI lan to extract ores Us its and nd properties U Its first nUL e bonds bond hu have ve be been beOn n reduced from OO f to ro and time the C G per cr cent Interest paid p-ild lasly A lat luige lage I part arl of or this his 1010 money has come collie from room I lime Hie Eagle and Blue Deli Bell mine mile milel In sn l II ni which during the year has dl dis- dis aunon aln among three dividends divi of or S o rents per er shale c each n dl rc I In lii II ad addition 10 to tins this nn- nn othir dividend of will trIll wt bo he paid pul durIng during dur dur- ing log the last lau ut of the time year ear ur und auth It itIs I Is Js salo that the company has money on hn hand ni to r pay two dividends of tat Ir ofu u c C tent each during Lime tho Iw 1 0 junr ear car The rime Eagle and au Blue lluc hell bell bel js is producing al t the tho rate rte of or 10 tons dul dally daily duland and hu has uris opened f up the lie ore ure ZOO zone ZUlO to to a t depla of about 1600 feet from Crom the surface e shaft hatt will wi bu be le down from the 1330 1350 an au nd additional oo n clo fro the b November Novem feet the tile sinking to bc be started by lo er ber ler 1 J and be bc completed within tho time a n year nr This will vili wi give the thc management direct lift on un all the ores orus that have hate been leen lu In to da date dale al Ie The company n will wi J till I have lia ha e about 4 lou IU o feet to sink after aCer this thus turk I Id is completed c lapping lapping- the tho water coulso that has lias been lapped in the time I I J eCIal Ur lm a and lam LUel O J eCIal Ur lm a and lam LUel O la dated daled tet t territory From the Bl Bingham har properties a product of ur about aboul lOl tons luuis daily Is being heil mined lRi und shipped to the lie thea a valley I C smelters smellers tin the lIl Dalton Dalon and nl I Lark as much as aM ninety tons ton per day of lead silver II ore Ol with wih ome some copper Is produced The Commercial mine lne Is producing re regularly lint but lul the grade o of oC tl the iu ore uro f fH fa very cuy cn low An average average aver aver- er a H age C of or 1 l per pr c cent ll copper from rota this mine mineI I I. I ed good Ul but Lut the tho mining is Julie done so o lint l some Bom ol I c is shown on nn present opera operations lol The I t excess of Iron in II his ore nrc g gives e the tho company a I pic- pic on oui the product from the hue smelters und and vcr temy little timbering I is done the tIme mining being carried on our 1 by tho caving cavin I 3 slem Bingham Mines has s ii 1 second mortgage o bonded Indebtedness of or This Tills Is Ig fa said ald hi It to tl bo ho held largely larb II by I time Ilc he stockholder er ers who Vito arc aio all pleased e with he lie prospects of lie tho tie property's Trying out especially a as compared lo Lu mining conditions four years C IS I'S a ago o The first o honl bonds mature ma- ma tuio ture April Apri I 1 1914 WH and all it il Is IR expected that thai the lie tlC and und Blue Bell production will wi take tako care of the lie I by tho lie date dato of laturi maturity As tho the second mortgage e bonds are into Inlo stock of or the company n situ and there Is li enough treasury stock to take care re of all of-all ahl tIre the tiC bonds bondt tho the outlook for or the company wiping out Its Is entire ln s is excellent The fhe Bingham ham Mines company compan owns owna about 76 7 per cent of or the Eagle Hagio and Blue Buo Bell Bel stock Block anti and ant the lie dividends cJ on oil 01 this stock arc are turned In on tho the bonds hOlds In addition to which is isa isa a healthy surplus which can be applied lat later lator r on |