Bisbee daily review., 1904-03-13
AmaIgamated Co.
 AFTER South BIsbee Stock
A REFRESHMENTS HERE TO
 MAKE PURCHASE.
A1aigarsated People Are Negotiating to Secure Control of 900, 900 Shares of Stock in the Original South Bis bee company-Spot Cash Is Offered By Representative.

By Representative.
 Amalgamated people have becom' interested in the affairs of the stock holders of the original South Bisbe, company, who are plaintiffs in a cas, which has been and is still pending 1T the courts of California against the ci sectors of the company, and an influ ential party, representing the interests of the Amalgamated concern, is now An Bisbee for the purpose of securing control of 900.OOO shares of the stock of the original company. Furthermore fe is prepared to pay spot cash fol this large sized allotment, and willing action will probably not be made un less his offer is somewhat better than she first proposition made.
 The 900. 900 shares of the South Bis bee company which the Amalgamate. interests are seeking, is held by tn, plaintiffs and their associates, who are fighting the case against the di xeetors, who caused the sale of the property to the Lake Superior & Pittsburg company. It possibly is aheir intention also to secure as much stock outside this batch as they can. The price offered by the Amalgamat- cd interests is s2 per share, and the payment for the allotment will be spot cash in case the deal is consummated. The holders of the 900,000 shares, however are holding for S2.50 per share, figuring that their holdings are fuily worth that amount if not more. Whether the deal will be closed at -She latter figure remains to- be seen. but at any rate there is good reason 10 believe that some sort of agree ment will be reached between the par ues interested in the negotiations.
 The purposes of the Amalgamated concern in gaining possession of the aforesaid stock are obvious to these -xho have been following develop ments in the case now pending in the G iifornia courts, and will probably means some new features in the pro eeedings 10, be conducted against the original South Bisbee directors. The case involves what is without doubt Sne of the most extensive and richest copper properties in the country, and she outcome, whichever it is likely to be, win affect a large number of peo- -pie both in Arizona and the east, as well as parties located in California.
 If the sale of the 900,000 shares is Gonsummated whereby the Amalga- mated company gains possession 1he deal will be closed within the coming few days, as the representa- tive of the Rockefeller interests is here to wind up matters within the shortest possible time. The name Of she party with whom the negotiation1 are being conducted has been with held, and it is impossible to learn what the exact intentions of the man. meth concern are in case they obtain She stock which they are anxious to secure. There is little doubt, howev- CT, that they will take a hand in dealing with the South Bisbee direc- fprs, so that in case there is sue 1essful continuation Of the deal as mentioned, future developments in the ease now being fought are bound to be fnteresting.
 Most of the 900.oOO sshares involved sn the deal are held by parties resid- Sng in Cochise county, and the re nainder in possession Of eastern peo- ple, all of whom organized for the purpose of instituting and prosecut- ing the suit brought against the South Bisbee directors. Bisbee parties have Hhe case in hand in connection with able attorneys, and through them the ceal and negotiations are being car. ried forward. They control most ot she stock and are willing to sell dheir Shteres:s for a reasonable figure, and the concensus of opinion among the largest holders is that the transac Gon will be successfully carried out