Show d Sak oi the Grand Graild Central Mine Bingham Bingha Company to Get Control on o Basis B sis of Two Million Dollars p HAT the control of the Grand Central mine at will pass into THAT I the tl e Ih pf o the t Bingham i G Golds Gol 14 Mining I company O py within V ip the e eext ext few fe Bv a to s 8 h aJ r for the entire property was the th information brought b out yesterday For the Che reason that pending b e representatives of the purchasers p ers era and individual ual shareholders and not n ot with the company COmpan the officers and directors of the Grand Central absolu tely refused to say say anything about it contending that they had no right to discuss the private business affairs of individuals even though they related to their holdings in the corporation A gentleman known to be toe associated in Iii the consummation of sf the great deal admitted that negotiations were pending ending p and nd he expected to see the closed up within a very erY short shOTt time but until then he the e said he did id not feel at liberty to say from whom the I more m l ore than out of the shares were to come nor to whom they were to be delivered The fact faut a t developed however that th t n no o less lets than three different experts have examined sampled and passed judgment jt eat ent on the Ste property within the past few month and und it is also generally un uti that they represented the company designated ted above as the purchaser Thus the steadily increasing deMand denand for the shares and the rapidly advancing prices are accounted for forThe forThe The presence in this city of President Coram and Weller Weller and Posey of the Bingham company explained ned and the hasty departure of the former for New York and Boston B stona a few e w days since suggests no other ather con von conclusion conclusion elusion than that the deal dekl was practically ally concluded before he left le t NEED THE ORES GILES Negotiations are said to have been taken up in earnest arnest directly after the great worth of the Grand Centrals sill cious ores became apparent in the re ye results results suits obtained by mixing them with the th sulphide copper ores from the theco corn com n Bingham mines For the purpose of making that demonstration the he Bingham company contracted for the Grand Gran Centrals output the moment its contract with the American merican Smelting company expired and rather than run the risk of losing it at some future e time the purchase of its control Swan was undertaken That Dh at the move was a wise one was yesterday conceded by every e ery mining man acquainted a with the proposition and the th declaration Wits was frequently made that it meant long iong life and great prosperity to the Bingham company The price is placed at S 8 per share by those who profess to know but others express the belief ellef J that it is 1 a share sh re less Whether the deal will prove beneficial to the minority shareholders or not remains to 10 be seen In some quarters it is thought it will result in a a speedy settlement se of existing difficulties s with the Mammoth company but how no one was willing to even guess I |