Show ELY TO T BC DE ACTIVE E. Accomplished S Seems to Anuro A- A CUrS nuro 11 Bi l Uc Operations Operation Financing of tho Ely El Central Copper company compan appears to have hn e been acom- acom accorn- accorn pushed In lit i form which assures for Ely district another concern operating lupon upon a a largo large scale Oscar Oscr A. A Turner the tho company's compans president has hs issued a statement which sas sa's On July 1 1 the EI Ely Central Copper comp company y was W in debt Against this thoro there was an a asset of ot about 8 cash c In tho the treasury and 1 shares of stock The director directors direct direct- ors ore or have accomplished a n salo sale of ot the shares of at treasury stock for tor a consideration of ot and a complete completo com corn pleto release of ot the tho company's debt gives s the company today cash resources of at about abut ael and its debt Is 1 canceled It I has s h been bee decided to call a n stockholders stockholders' stock- stock holders hoMen 2 VAS meeting to authorise o tho issue of ot of ot six sir per por cent cont year ten ten yer 1 I bonds convertible into shares of stock stock Tho The additional capitalization shares IB Is also also to bo be authorized making tho the capitalization ton shares I uThe The bonds have been underwritten by the litho of ot tho treasury stock I who ho ask ak that their identity bo be not re reVealed re- re for tor the present Tho The money will twill wil aU 41 a bo be used to develop tho the prop prop- orty erty and a an at effort will be bo made to lift t it Into Int the ranks wi of ot tHo Ufo country's great great copper producers producers |