Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1909-07-13
MINING, BUSINESS AND STOCKS.
BIG CONSULTATIONS
ARE QUITE PROBABLE.
Ncwhousc Mines May Add Big Acre
age to Present Tcrr.tory--Talk
Or Combinations Renewed.

d a 81
iNcwhousc Mines May Add Big Acre
age to Present Tcrr.tory---.Talk
q ~ Or Combination Renewed.
Utah is apparently on the eve Of
some great consultations in mining
4 properties and In spite OF denials on
S one side ana the silcnceof the other, the
latter seems to be orkins out the5old
SAYING "still waters run deep. The
consultations that are now
SSurder way, are said TO be the utah
y Copper company and the Boston Con
9solidated, 9nnd decentralization of the
u Black Bird group and the Comet prop
II critics in Beaver county, With he New
house Mines & &Smelters. y 1t is under
stood that the latter is contem plated
in The reorga rization plan of the New,
+ house Mines & Shelters as the Southern
Utah Mines s. Shelters company.
Saillue: Newhouse admits that the
{ combining OF the latter properties .fas
been talked of, but as to anything FUR
tIier{ he is4unwiling to talk The Comet
Is group Is the property oil the Nevada
Utah Mines & Shelters Corporation.
irheB property has never been worked
ITO any extent under the present CONF
!. many and 1t is believed that the CONF
s pany4 Is willing to dispose of its hold
Sings. The Black Bird group is part OF
! the holdings of the Black Bird SCopper-.
Cold Mining company limited Whieh1s
I controlled by John II. DnBois and as
sociates of ;Du T3ois, Pa. This property
Consists of approximately 10 claims.
ard the ore found on It Is COPPER and
& lead. There Is hoist on the New
5S Year shaft which has been sunk to the,
800 foot level Another shaft with a
depth of 2T5 feet is also on the proper
ty. The consolidation would make ono
: of the greatest properties in the state,
THE Newhouse company owns the
stownsite and the watci. and also has
the railroad running to IT.
3s& TO persons who have looked over the
situation carefully, 1t seems almost iil--3
aevitablc that Utah Copper and Boston
Consolidated will some day be one
property d. C. Jackling. manager Of
$tlla Utah Copper, has several times as
serted that there was no truth to the
story, but from other sources u is u ms
'5derstood that the plans have been dis-$
eusscd by the stockholders OF both
companies.
company may have d great deal
8of5ore blocked out, 2 declared q local en--s
gfneer recently but they cannot all
ways get 1t out. Ihat9is5 what the
Utah Copper Will some day run up
5agalnst. L fear. When the oreSil1as been
removed to the canyon level ], ow Is II
going to be removed by steam sfoNels
and railroads except for ~ re fe W feet:
L believe that sooner or latett58 q tunnel
wifi have to be used and the caving
system adopted.
The Consolidation of the two proper
tics would make the greatest copper
producing compan ny in the world
ID All, eastern paper recently In speaktnEs
of the consolidation declared that the
exchange would probably be on the
basis of of one share Of " tab Gopper5
stock to three shares3of Boston Consoii-
dated. This is not looked upon In Utah
as probable 1t Is not believed that
the Utah Copper wi u get the best end
of the bargain.
TRADING rs MORE GENERAL
stock Market Is More Active With
Prices Moving to Lower Levels.
Although trading. was quite active on
the Salt Lake Stock & Mining en-
change this morning, the tendency wa 8
toward lower prices. 1t appeared 70
he Il general condition that prevailed. X
Every stock was remarkably low al
though there was no tendency toward
rapid changes.
Grand Central continued 10 sag ana
sold as low as s2.5211a after hanging
around the So mark Saturday. The
stories from nervous brokers Will re-
Iation to this stock We're lacking this
The securities q gradually
went down after opening at 81. 70.s
Colorado was low today and sold at
st.9231ss. Iron Blossom also sold at s1.30.
Mineral Flat, which has been up for
some days with the hope that the tun-
mel would catch the ore shortly was
down to II cents. The Knight securi-
Ties We're all lower today, Consider
able comment was heard among the
brokers relative to the discontinuance
of the monthly statements. 1t was
commended that the statements We're
scarcely complete enough to be of any
value and that many times they gave
a wrong impress of the stock.
The total number of shares sold to-
day was $500. and the amount that
changed hands through the transactions
was $40, 1880. 5;3
On thescurb market Uintah Treasure
Fill was offered at 16 cents and q bid
Of 4 3 cents was made Bullion Beck
was offered at 80 cents and a bid of IS
cents was made for Bingham Central
Standard Nail Driver also received
a bid Of 10 cents.
FORENOON SALES,