Salt Lake Herald | 1900-01-03 | Page 6 | United States Troubles

UNITED STATES STAT TROUBLES Boston Report That Mine May Hay ay Be Closed Down Report comes from Boston that th the extensive properties of the United U States company at Bingham must be closed down unless the company suc succeeds uc in raising money The authority i ifor for this statement is the Boston He Her Herald aid ald which in its financial article of at last Friday says Locally the predicament of United States State mining shares and collateral holders clouds doud the situation There is isa isa Isa a manifest absence of cooperation among the parties in interest and de delay de delay delay lay seems rather a disadvantage than an advantage since the property now running must soon mon be closed clo ed unless money is raised to continue operations and pay a debt of some Oooo said sall to be due by Jan 10 Special to The Herald Boston Jan 2 There Th ere are no import important important ant developments in regard to the United States pool but a growing be belief belief belief lief that Chat the price for the shares hares in it be between 15 15 and 20 20 or that the bond arrangement alTan ement told of in last Satur Saturdays days daye dispatch will be adopted Several sales between individuals have been re reported re reported reported ported at 12 One On statement in re regard regard gard to these is that the buying is for tor shorts who are covering another that an element ment that desires control is pick picking picking ing up all the shares Sl ares possible po at 12 in order to lower the average price for forthe forthe forthe the shares that must be bought in or order order order der to obtain control in case cane it is found I necessary to bid somewhere near ner 20 to secure a majority of the stock