Show fANT ESTATE IN Central Standard and Bingham Metal Consolidation Under Way Boston nORton capitalists are arc said to be he behind a consolidation scheme which promises to speedily give glo Bingham ham I another big company operating upon a 0 be bo largo large scale The companies to merged mersed are nrc DI Bingham Central Standard and Bingham Metal and plans lans have hav been so nearly nearl carried out that a proposed proposed proposed pro pro- posed bond issue of or has been und underwritten The Tho bonds aro are to b be mado made convertIble convertible convertible convert convert- ible into stock of or the new company company to tobe tobe be formed at 2 a share and there thero I Isaid Is I said to be no question that hat the bonds I will wil be converted almost as soon aa as 08 the time stock Is ready to be Issued The proceeds of or tho tue bond Issue will wil pay off of the debts of ot the Bingham Central Standard which are assumed by the new company compan a and nl will wil provide e en a comfortable working fund und to start n with wih Additional working capital that ma may be needed will wIl doubtless bo be raised b by selling treasury stock It I being tho the intention to place about one half of ot the company compans s capital stock In the treasury Tunnel Great Depth DelICh of oC mineralized mineralIzed mineral mineral- Aside e from Crom its Us large largo area ground tho the principal asset asset which tho the Metal company will wil doliver do- do lQ- lQ liver to the time now company will wil bo Its Is I tunnel feet reet long which is headed headed head head- ed ell directly for that portion porton of ot tho the Bingham Central Standard company's compans estate In which good bodies of or oro ore aro are being opened by its Mountain Maid t tunnel The Bingham Metal tunnel Lunne will wil attain a depth of ot something something some some- thing Ilko Iko I-e I 2200 OO feet on those ore oro with wih an excellent prospect of ot opening large additional resources on the tho wa way Starting as it do does s from alow a Jow low on the south side of the theran ran range go the tunnel will wIl afford an admirable admirable admirable ad ad- mirable outlet for or the ores with wih ample dumping room surrounding Its Is porta por por- ta tal 1 Operating plans of ot the new compan company com corn pan puny pany arc not yet discussed by Jo local people who are aro Interested In the two I companies but time the situation Is so fa favorable fn- fn I for operations that the tho possibilities pos pos- presented are arc entirely out I of oC the tho ordinary The consolidation will wIl throw Into ono one estate something like 2000 acres of at I ground covering as Interesting a portion porton por por- tion of or the tue DI Bingham mineral mineraI belt hel as asan an any ton that has been beon opened to disgorge e eIs Its Is treasures goun 1 ground which aside from lar largo large o bodies of low grade grale copper coppe ore contains the east eastern rn extension 01 ot the Bingham New Haven company's belt of oC high grade ore in which shoots of bel shipping ns material havo have already been opened In iii Bingham Central Standard ground With rah tho time opportunity of ot economical development at gr great groat at depth which is presented the time proposition becomes bo bo- comes gigantic with its Is attractiveness attractive attractive- ness onima enhanced need In proportion |