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Show OHIO COPPER DEAL FO BE CONCLUDED mi;:;i ic:i week So far as eaa Ye learned there is no hitch ia the plana bow being worked out which will result ia the retirement of F. Augustus Heinz aad bis crowd from the management- of Ohio Copper. Most of the bonds have been subscribed for is the east, and it is understood that local interests have agreed with Mr. Cat row to take the remainder of the issue. It is said that Mr. Heine-is Heine-is entirely satisfied with the deal, and ia willing to make the transfer just as quickly as the company aad ha hava i concluded the auditing of accounts. . By this arrangement Ohio Copper will have all the money it aeeda to discharge its indebtedness, complete its mill and for any additional equipment the management mar decide is needed. In preference to taking over the Mas-eotte Mas-eotte tunnel and Bingham railroad line from Mr. Heinz, it ia said the big owners own-ers are perfectly ' satisfied with the long time contract it has for hauling ore at -like rata al 15ai toav Seas of the money which ia realised from the sale of bonds may eventually go into mora Bingham ground, as there are several sev-eral groups of elaima adjacent to the Ohio holdings which large owners of the company are desirous of purchasing, la fact, it is said one of the local capitaliata haa recommended the purchase pur-chase of this ground to Ohio, and offered of-fered to aaaiat ia the sale of bonds if they would agree to take these Bingham elaima. Ohio Copper has probably not less thaa about 10,000,000 tana of low grade copper ore now blocked out. la its workings below the 300 level' it is ssid a great deal of ore ia deposited. The mill ia to bo completed with the Wall rolls, and as most of thia equipment is here it will be a questioa of only a short tim until tha plant is treating betweea 3000 and 4000 tons of ore daily. |