Yerington times. [volume] (Yerington, Nev.) 1907-1932, 1910-04-30
MASON VALLEY
GIVEN GOOD Line

Mason Valleys 81 900, 600 of converti-
bic bonds now being issued pro rata at
par to stockholders, are reported l0i IL
with sales as high as l02 l-2 The bonds
have been written by some of the large
stockholders, all of whom, it is under
stood, will subscribe for their full allot-
ment. Small stockholders will do well
to follow this example. Mason Valley
stock, now Us par. and only 154, 900
shares outstanding, is selling around 50
Each $500 bond .ill be convertible into
50 shares of stock; and if the price of
the shares advances to $40 within year
will thus be given market value of
81 900. and the holder will receive in
terest meanwhile at the rate of six
per cent on his investment, says the
Boston Commercial.
Convertible bond issues, during the
past two or three years, by mining COM
panies owning properties of demon
strated value, have been highly pro-
ductive speculative investments. 1t will
be recalled that Immediately following
the foatafions of convertible bonds by
The Miami, Ray Consolidated, Utah Cop
per, Nevada Consolidated and Arizona
Commercial companies their stocks
bonds to command big premiums. In
view OF the fact that the recent re-
adjustment OF capital, which reduces its
outstanding stock from 10000 shares,
par II. to lS4, 900 shares. par SIS stock
holders exchanging five shares of the
former for one OF the latter and the
issue of 81 600, 0O0 bonds to finance the
erection OF smelter, is to take Mason
Valley out OF the list OF mining pros
poets and make it producing, profit
earning company, there can hardly fail
to be a substantial advance III the prices
oi its stock aud bonds.
The companys new smelter will be
built on d site purchased year OF more
ago 1t is about two miles north Of
Wabuska and fourteen miles rtom the
mine. The railroad from Wabuska to
the mine, built by another company. is
completed. The smelter will at nrst
have capacity to treat 500 to 500 tons
OF ore daily, and will do a custom bus
smelter between salt Lake and the Pa
citic coast, i'll the wide area served by
the Southern Pacific railroad, IL is prac-
tically sure to build up business of
great proportions. 1t is believed that
as much as 500 tons of ore daily may
come to the smeiter from the Nerington
district alone.
1t is estimated by the company's en-
gineer that Mason Valley has o0O, 900
IONS of ore averaging between three ana
four per ceht copper, demonstrated
above its No. ! tunnel. Two wines are
being sunk III the ore from the lower
tunnel level, and the average grade al
Another tunnel can be run to cut the
ore 200 feet deeper, or it can be de-
developed at depth by Il Wine or shaft
auu hnisted.
The fast that Mason Valley ores are
high in iron, sulphur and lime, con
stituting the necessary ilux tor the high
grade oarbonates. silicates and oxides
which occur i'll abundance i'll many other
/ mines i'll the vicinity, and, that its new
plant is about 800 miles nearer these ores
than any other custom smelter, insure
the company both large business ano
a good margin of profit, The smoke
and fumes litigation in California may
even send Pacific Coast ores to the Ma
son Valley plant tor treatment. All ol
the natural conditions are i'll the com
pany's s4vor and the management has
good basis for its belief that 1t will be
able to build up one ., the largest and
most prontaole copper Ole custom stneil
lax businesses in the entire west. | al
wise the purchase OF Mason Valley bonds
and stock. ---Salt Lake Herald -Re
A ruulor is making the rounds thai