Show i. i M u. u r N mE CPS S r ON D TOCKS STOCKS S TOCKS T I PROM MARKET M AR ARKE KE KET T. T H BUTTE BilliE SUPERIOR suio BONDS CONVERTED S AND AD Mill TO START fr k S c tr Up to tho the close cloe o of business on Satur Saturday Satu d diy day last latt Butte Bute and Superior bonds nd had bad h been en converted con Into stock As Ash tho h total Issue wa was only the amount outstanding Is Is now reduced to about By this conversion the Butte Dute and Superior Copper company compan Is I. II of course courlE saved sa a considerable Interest charge chAre and the tho consideration of Interest and sinking funds Cund und upon the bonds now outstanding Is 8 u S negligible factor In ao so 1 I far a s dealing with tile the question of ot dividends divi 18 wih tte upon the stock Is 11 concerned The conversion or of these bonds Is evidence evidence evidence evi evi- dence dence of the value attached to the rl right ht to subscribe to the new Issue of stock at 2750 zuo per share by hy the former Cormer holders hoider of the UH iel bend These bonds bond were held b by strong people Including amon among them a as a pr principal hold holders Ib Hayden den Stone Co D. D C. C Jackling and President A. A B B. B o of the Butte Bute and Superior S com corn I pan pany Before these bee conversions th there re were outstanding shares of or Butte Dule and Rne Superior The total amount of shares now outstanding is I Is therefore approximately shares The ratio rato of ot subscription sub sub- lub- lub script on therefore on the new stock will f undoubtedly be about bout one share hare for tor 6 10 S shares of outstanding stock Wi With 11 the exception of ot that portion porton which In Is II known knon RS ns as the the Hyde Hyda Ilde process the Installation of or which I N is well wel under wa way war th the new concentrator at the Butte Bute find and Superior eror p practically Is 11 com corn Th The n IHde de plant will wl be read ready for to operation within the next week or ort t two n. n For th the past two days tays the ma ma- In the mil hns 1105 been In occasional operation for the purpose of or catIn casing It f ton tP p p and water water eater lies has been heen turned turne Into the tho theSila jl Sila for tr the lie purpose pups of tightening the Joints Ort Or Ore crushing hn hn b been fn commenced In Inthe Inthe the Initial crushing plant plent at a the collar coar of rr til thi shaft hf sod and nr th tha bins at the concentrator con cnn are nrc being fH fluId filled d for tor th the starting of Ir th pl on ni actual concentrating It Tt I ItIn I Ii In pj that nj the plant plent In Its Is entirety Mill wi b h he in Iii 1 operation ton turning out nut concentrate concen concen- tat within the next ten da days f Th The h concentrator nf will 1 have base n a capacity for fop treating lOOn tOI tons S of or ore oro n. n f day producing pro pro- shout about BI 00 tons ton of concentrates r r twenty four hou hours Th Tho work of or construction and ond IntI Install Install- llon 0 hits has b been en completed c In remarkably short hart time and the expeditious accomplishment lia has liis anc hen n due largely to the r efforts rt of ot M. M f. f W tv Atwater r superintendent superintend superintend- cit ent of or the Butt and Superior who nho ht iA hai directed lr r every detail from the steeL start n tn n actual construction Th h Ctrl smelting plant for tor th purpose P of f practically d demonstrating mo the thi Peterson process which has haJ bp ben been n built bui rl under th the direction of or P. P 1 E E. I ol the Inventor of ot the thE process Is II nearly completed and anti lt Its Hi ope operation ton awai awaits th arrival of f mt material which Is I. I f expected p ct d during th next net f w dave das The ThE smelter will 1 be In operation It Is expected i I within another enother week cek Tt It I Is is- I. I confidently bill v hv by n Mr tr Peterson ha hns solved ol cd d the problem of ot zinc concentrate te and crude zinc lne ores by mean of ot an sn n electrical furnace In conJunction conjunction con con- cnn junction with lh a R condenser of ot his bin hi own deHorn de- de sign Horn Jm and Ind It I its I operation I li Is heln being swatted awaited with Ith Intense Interest Every confidence 1 exist that thet It will ivill wl prove s I s with Jf s adoption b by tl the tbs But Butts Butt's and Superior Su Su- Bu- Bu company the earnings of ot the com coin cm- cm pan will wi he hi- lp moro mors than doubled With If I Its adoption this the til flute Butte ute and Superior company company com corn pany will wl be he f able Ne to Nr ert convert Its Is ores at once nto into spelter without the n necessity of r shipping Its iA concentrates to zinc in other portions of the country the retort method meho of ot zinc smelt smelt- t in tug Is In vogue oJe |