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Show BINGHAM MINES ! HOLDING PASS TO U. S. SMELTING $2,700,000 INVOLVED The deal mentioned some time ago by the Bulletin as pending for the purchase of the holdings of the Bingham Mines Co., by ' the United States Smeltinir Refininir & Mining Co., has been closed and the laWer company will add this ' regular dividend payer to it's large holding here. A controlling control-ling interest in the Montana-Bing-ham, an adjoining property and also Eagle and Blue Bell and Am-erican Am-erican Star, located .in the Tintic Mining District is included in this transaction. ? The U. S. S. R. & M. Co. will is-sue is-sue 50,000 shares of common stock to stockholders of Bingham Mines Co. in payment for these properties. proper-ties. In addition to this, the regu-I regu-I lar cash dividend declared by the Bingham Mines Co., before the deal was closed, will also be dis- -tributed. , Part of the new acquisition lies " adjacent t J the present workings - of the U. H. and will, in addition to increasing their ore , reserves, greatly facilitate minintr. milling and transportation operations. This transaction is one of the most important to take place here for some time and its significance is emphasized by the comprehensive comprehen-sive and aggressive campaign of development being inaugurated at this time throughout these combined com-bined properties. |