Show WILL BOSTON CON GON BUILD RAiLROAD A RAILROAD I- I r A Believed in Local Circles Thais That Tha r Is Main Call Cal for Bond Issue t v 1 t L V CANT CAN'T GET ORE HANDLED k J i. i J t. t High Line Lne Has All Al It I Can Do DoJ rr Now to Supply Utah 1 I j i Copper I L w wt L- L I t Unconfirmed rumor has las It k that ono one ono of f t tho a. a uses usei to lo which the proceeds of the lh Boston Consolidated company's latest lt l hond tid ld Issue will wi be placed will wI bo be tho the pro- pro V- V of Us Its own transportation aci- aci Ups tIps from rom the mino to the big mill mm at nt 1 i Gart ll It Is known that thai one of ot the i reasons why tho first section seton of ot the mill mills k mi s was as not placed in commission lon even beS be be- i e cl S fore the thc slump in the price prie of copper opper I q came camo was that there thore wa was no liopo that with ith th the n t eser-t rt railroad facilities any an S thing Ilko Iko the tw required lr tons of ore S. S ft n da day clay could be delivered elver at the mill oie In J tact ct U It was only after ater the lump mi had S s. s e cau lcd cd a general curtailing of production b by tn the other mines of that the i Utah Copper company compan could get enough I 5 5 0 Q transported a to feed th Urt section sectionS I g S of f Its concentrator l r. r W W i S. S Even now It is sal said that the capacity i S of OC the high line lne and the stock stockS S S pro provided for it h Is strained to deliver del er some some- 15 thing less es than 4 tons tona a day Ilay at GarS Gar Gar- S field fol It I has ha been promised all 1 along that tha S S tlc the capa capacity I would be lit hI Increased bu but wih wIth difficulty in handling 4 tons aS i. i a S day It I Is only natural that wonder wonderS S should be expressed as aM to how the one oneS I line lino lne will wi be able ble to increase its It capacity S S to l O tons ions a day dar the amount required r t I to keep both mills mis running at full tul capaS capa cpa S 'S el city There There is no question that with the lare largo large tonn tonnage e to be handled the the wih Boston S S Consolidated could effect something of or ofa S S 5 S a ft n saving s ing b by building t its own railroad 1 from mine to mi mill but IUt that Is s not so S S- S much the question queston as it St is one of being beingS S forced to do something of ot the tho kind Ind to S get ct its ores handled bandied at all al lut but Arc Are 11 Kor S The Thc company's compans new bond issue isue is for fOt of ot 7 i per cent bonds convertible convertibleS S Into stock ut at 15 a share share To provide pro forS for S this ilm iKi o t the t stockholders have hare voted vote S to increase the company's compans capitalization S S U itom W to shares share par value 5 35 It I Is planned to issue JT O of these thc W 4 4 rh It I is ig planned to Issue of or these I the placing in the treasury treasur o of 81 new S shares to meet the conversion con of ot the theS S bonds whenever that takes place The TheS S object of the tho issue o of the new bond bonds as asS asI I S officially stated is to provide funds fund to toS S complete the thiS mill mi the original estimate estimateS S of the cost of construction as placed Illace before the shareholders when the debenture de dim- Issue was made In Iii 1 13 having bon Ixon cn considerably exceeded Cd It I would woul not be b possible however ho er that the he estimates for such a n plant could be b exceeded inS in S anything like the amount of oC unless un un- I less Important new now features were wore to be bet j b that the raliS rall- rall i t l. l It I J- J L. L Inot not S SJ i S af Is th the Important hew feature i f S S cd IL ILS I |