Show CENTRAL STANDARD CLOSES BOND DEAL Remaining Worth Taken by of New York I PLACED PLACED O ON D DIRECTORATE I Lion Hills Hill's President Now Iden- Iden Iden-I Iden tilled With Bingham j Young Giant i i L I I I I Xi Y An indication that attractive mining min nun 4 ing InS propositions still app appeal J to Eastern East EMt ern era capitalists Is found In a deal closed yesterday b by which 3 31 M. takes over o about in bonds and anda andL a L large c block of ot stock of ot the tho Bingham Central Standard Copper company becoming becoming becoming be be- coming a CL member of the company's board of or director Mr who Is president of or the Lion Hill Hili Consolidated Mining company came camo from tho the East a week p ago aSo with George E. E Vigouroux a minIng mining min mm- ing log expert to look Jook over o the Lion Hill property which now Includes the old Chloride Point and Northern Light groups group and to lay layout out a plan for fu future futuro fu- fu tare ture work The gentlemen were ac accompanied ac- ac i ac-i companied to the camp b by P. P J. J Donohue Donohue Don Den of this city After Atter going over th the ground quite thoroughly it was decided de de- the the- elded to extend the Chloride Point tunnel on the new ore bodies and t to 0 clean out tho the Northern Light tunnel and do some somo exploratory c work through that thai working Upon returning to Salt Snit Lake from fron this mission Mr became a Interested In the tho Bingham Contra Central Standard proposition He lie went to the camp Thursday to examine the compan company's com corn pan pany's party's s properties and anti returned yester- yester dav haV to cIo close e the tho deal At tho the time the merger mOlger of ot ham Bingham Central and Bingham Standard was effected the Standard h had d on hand 1 C OOl of or bonds which had not been realized upon A feature of oC the compact compact com corn pact then entered into was that the Central people should place these bonds the proceeds to he be u used ed in completing com corn payment for certain property and for development work About OOOO of the bonds were placed sev- sev cv- cv oral eral months ago ahll the deal with Mr r completes the disposing dIsposIng- nf or the Issue It places the company compan out of debt and gives gl it all nU the tho mone money needed d d to carry out development pl plans ns Recent or ore in the property property prop prop- erty however place ilace the company compan in th tue ranks of ot producers PO mm that the thet UIt t t 1 U Q easily care or of thc oi of or body 6 body of ore shipping ort ore in hi the Ute Saginaw tunnel some sonic weeks ago ago astrike a astrike astrike strike of four feet of or high-grade high car car- bonat ore bonate-ore ora has been made In an old tunnel feet feH farther up the hill on the same samp- vein eln This ore runs 1 5 ounces In silver and 40 per cent lead Ie-ad |