| Show OHIO COPPER FINANCES a l Will Wiit Soon Soun Ho lIo Of or l al at The Ilie Boston News No i Bui Bureau can punts print tho tile following to the tile af at affairs fairs fuir 01 of o time the Ohio Copper mine at Ot or the thc shares of ot stock of the Ohio Copper COlL company optioned to now new Interests by V P Augustus 1 shares have already alread been tak taken taken en cn up lIp at nt a 1 a price slightly above the present market m of ot 53 U per share shaie The Tho Thor remaining r stock stockis is optioned upon a arising arisIng rising scale of 01 prices With the sale of kJ Mi Mr loses con control im of the e Ohio Copper company c al ul although though th he will remain a director and retain a ownership of about shares 1 res The Tho Ohio Copper company ny property adjoins that t of or time the th Utah topper Copper com company e coiny m pany in Iii tho camp and approaching the stage It is bUIl ng a concentrating mill and one tho l capacity or 2250 toRi to Is March Marchl 1 By Dj B that thIll time the tho Mascot tunnel l which will con connect e t the mines with the concentrator tor t ij j and ll ly owned by tho ham hl m Consolidated company compan but belt now flOW tho the personal property of ofFA fI F A J Heinze will h no bt put into operation ope All II time the th ore oie will me handled a t com corn comparatively l small cost It Is Jcl claimed that the Ohio Copper company minis minia have havo h vo in sight eight ores ares of a IL gross value on OIl copper of 61 f and ami a not value of Tile The proposed propos d Issue of G 6 per cent bonus bonds convertible into stock at par 10 per share shaie will soon so n be bihar bof of feied f red at 05 95 They The have havo been boen under underwritten underwritten written by a syndicate as composed c l large gc ly Iy of tho the directors rs bonds have havo already been be n taken by b tho the directors und and tho the underwriting syndicate The Th Thc c company now owes The Tho proceeds from tho sale salo of or the 10 la bonds boms will pay off this timis debt provided cd tho the money necessary necessary sary sar to complete tho the mill maul and pro provide p vide an adequate capital The Tho management claims ability to produce copper coper at nt lie per pound and anci with the tho mill operating at full capacity the time Ohio Copper company Is expected to 10 produce pounds 0 eI er per pCr p r month m nth |
