Show UTAH TAH COP COPP ER ISSUES BONiS fOR OR j ANEW LI In accordance with Iho tho plan llan to increase in in- crease its is output from tho immense mineral properties owned by Utah Copper tho the directors of that company com coin pany have just aut authorized a n bond pond issue The he lino will wi cost east in tho neighborhood of or when whon completed and nail and will wi effect a saving of moro more than a n year to tho the com coin pany In addition to the S1 iD savings promised promised prom prom- in in transportation rates tho the new newline line lino ln will wi insure the delivery delvery of ore from both hoth tho the Boston and Utah properties during all an seasons of tho year and ane thus thu prevent the tho the possibility of any loss 1059 through delays in tho deliveries of or ores oresto oresto oresto to the two mammoth mills mis which aro are to tobe tobo bo be more moro than doubled ll in capacity It Itis is iR planned to have this work completed within one ono and one half years year thou though h hI I every effort efort will wi be he ma made e to have hao it completed com corn before this date Tho The announcement of tho the bond issue issue was wils received over tho the Pollock wires this morning morin and nd is as follows U At At n a meeting of the tho directors of Utah Copper company held today todal it was voted to authorize an issue of first mortgage e 6 per pcr cent bonds by the mor Bingham ham Garfield Railway company Garfeld which is a subsidiary of tho the Utah Copper Copper Cop per company and is constructing a 3 new riwa railway from the tho Utah mines mine to is its m mill Those bonds bond will wi be bo convertible into Utah Copper stock at 50 a share for fora a period of three years beginning Tt Tidy July y 1 1011 rh They will wUl wi bo be offered pro rata to holders of Utah Copper of record June 30 who will wi have havo the tho right to subscribe up to August Augst 1 1 Tho entire issue has been underwritten by Hayden Harden Stone Co Bonds will wi be payable in in installments install install- ments merits beginning August Augst will wi bo be lo mailed to all nI shareholders at nt once |