Salt Lake Herald-Republican | 1909-11-21 | Page 6 | Buying for Control Reason for Advance

BUYING fOR CONTROL REASON fOR ADVANCE i Contest Over Utah Copper Sensa Sensational r Rise in the Price of Stocks Special to The can Boston Nov Noy 20 The sensational ad advance advance advance vance In the shares of the Utah Copper Is fa understood to be due to buying for control by two factions the Salt Lake I faction and the interests which are en endeavoring to bring about a consolida consolidation tion of ot the Amalgamated and Guggenheim copper properties There are shares of vi Utah Cop Copper Copper Copper per and It Is understood that the Gug Guggenheims Guggenheims own less than shares 2 or r less than 40 per cent The Salt Lake 1 contingent according to reports has very close to a majority of ot the stack stock The Guggenheims would have to ac acquire acquIre acquire quire close to additional shares to deliver control to the bankers iden with th merger The Salt Lake Interests believe Utah Copper should enter the consolidation at a much higher figure than the present selling price and are holding out In anticipation of ot better terms Utah Copper is 13 regarded as tho the most important of the Guggenheim Gugg group It has a production of more than sixty million pounds a year ear which can be bo largely increased It now has a mar market market ket kat valuation of at about