Salt Lake Herald-Republican | 1909-10-15 | Page 12 | South Columbus Stock is Taken

I SOUTH COLUMBUS STOCK IS T TAKEN Delinquent Shares Are Picked Up Around Low Market Prices Stock of the South Columbus Consol Consolidated ConsolIdated ConsolIdated company sold yesterday yesterday at the offices of the company on account of failure of the holders to pay the assess assessment assessment I ment of 6 S cents a share brought from 55 5 to 6 cents a share or the figure around which the stock has been sell selling sel ing lug on the market for some days In face fae of the knowledge that a consider considerable considerable considerable able amount of ot It I was wa delinquent Some shares were disposed of at the thesle sale The assessment asse ment brings the company the total sum of Debts had been ben cleared some time before sale day da das so s that a fund for develop development development development ment purposes Is left Work In the property has been con continued continued without interruption The lower tunnel which is being extended to get under the old Rustler workings from considerable rich ore was taken In early days has about feet fur further further ther thOr to go to cut the vein The depth of abut 1500 1 00 feet will wi be attained on the vein and it I is believed that good ore bodies will wil be opened Search for the Wedge rich ore shoot at depth Is being continued That shoot showed several feet of ore down to the level and in the event that It Is opened In the lower tunnel it should prove a source of large profits profs