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Show SHAPE OF BINGHAM MINES SATISFACTORY The Walker Copper letter In the Julv 25 Issue has the following to say in regard to the Bingham Mines com-pan com-pan . 'Bingham Mines Is said to be making mak-ing a very creditable record of net earnings this year. It Is shipping a good tonnage of ore from Its Blng ham properties and new development develop-ment work there Is quite, encouraging. encour-aging. The company Is benefiting largely from tho very great Improvement Improve-ment that has taken place In the Eagle & Blue Bell property. The larter company, nearly 80 per cent of whose stock Is owned by Bingham Mines, has recently declared its third consecutive dividend of fi cents a share. The underground showing at the Eagle & Blue Beil Is most excellent, ex-cellent, giving promise of continuing dividend payments. "It Is the plan of the management 1 'o pay off the Bingham Mines company's com-pany's outstanding first mortgage bondB. gradually retire the second mortgage Issue and meanwhile keep development well in advance with a view to making the stock valuable eventually. Bv the end of this year Its outstanding firsr mortgage bonds should be reduced to $300 000 or less." |