Bisbee daily review., 1905-03-17
FOR YEARS CONSOLIDATION
 MAY NOT COME
SUCH IS THE LATEST sIGNlFl CANT STATEMENT FROM
 IRON ORE.
Michigan Paper Continues Strenuous Pleas for Heed to Advice of Lead CTS, But With a New Note Inter jected-claims Converts to Idea.

Iron Ore, in an issue received in the city yesterday, continues strenuous ar gument for consolidation, with a sig nificant sentence injected, however, to the effect that the consolidation may not come for years, dependent upon the judgment of the stockhold- CTS. The remarks of the paper OF the matter follow:
 People who have been nervous fearing a consolidation of the Bonanza Circle properties might inure their holdings, are feeling better, and now begin to see the good in the desire of mining men of the big enterprise to bring in all under one umbrella. Those who are well posted in the market features of stocks claim the consolida- ted shares would start in the market at about $25, while others claim they will do better. At the smaller figure it would show a very neat profit over the prices now quoted on the boards of the brokers. The men who are de- sirous of combining the properties are not studying the speculative feature, however, they planning for a sure in Yestment, which they declare their plan will assure. They are certain the dividends will be satisfactory very shortly after the consolidation has been perfected, as several oi the properties will be ready to send ore 10 the smelters very soon. There need be no fears that damage will be done. Those most concerned know all about the mines and their probable worth as dividend makers. They seem to have no doubt of the outcome whether they run as whole or singly. They will make a fine showing in either plan but they insist consolidation is the proper thing. Every shareholder will be gwen an opportunity to present his views. Those who are selling their stock fearing consolidation may lessen the market price of their holdings are making a sad mistake. They would show more commercial sense by talk ing the bargains now offered. That's what the insiders are doing. We know this to be true. It may De years before the consolidation takes place. and it may come within a few months. this depending upon the judg- ment of the majotity. AS we say: No one will be hurt in either case.
 "The more the consolidation of the Bonanza Circle properties is analysed. the more it is accepted by prominent holders of the stock as the right thing. There are so many good req sons for consolidation, and so few against it, that it seems the question of majority Is already assured. As Iron Ore said in its last issues these big men have only the good of the properties at heart. They are not en- gagged in the stock-iobbing business, but are legitimately striving to do that which will ultimately be best for the mines of this group.
 The Bonanza Circles moving spir- it's have treated the public very well. They have divided their holdings, have multiplied the development shares by five, have presented many favors, and they are now asking for one in return, which is that the stockholders agree to a merging of all these interests.
 We think the shareholders can well afford to stand with these men in their desire for bigger things. It in sures every mans investment. It will greatly enhance the holdings of every stockholder, for the consolidated shares are going to be popular in the market. The proposed plan also as sures a neat interest from the very start. Consolidation is the thing