Salt Lake Herald | 1899-09-09 | Page 6 | Sale of Utah Mine

r w ffj SALE OF UTAH JUNE water Purchasers After It at 2 Share i JThe Utah mine at Fish Springs i likely 10 be soldA deal is on for the sale Of the mine and ifthe examinations tions that are to be made withinilhe next thirty days lr mae satisfactory considerably over a majority of the stock which has been pooled will got go-t tHe purchasers at2 a share which property is Kma basis of205000 tO r the entire I Is said If the deal goes through a commission of 10 per cent will go to the parties who are manipulating the transaction trans-action and the vendors will take down 180 a share net I has been known for some little time that eastern capital has < been after the mine and the directors lhave been approached on several occasions in reference to it They have been asked to name a price and it i said the conditions con-ditions mentioned above were agreed upon For several days some of the larger holders of the stock have been gathering gather-ing in their < securities which are said to be In theshapfr that Mrs E T Cris mon resident 9f the company can turn them over just as soon a the results re-sults of the examination are known and the purchasers signify their intention of taking up the stock Out of 100000shares the total capitalization capi-talization all but 10000 have been issued is-sued The 10000 block Is in the com panys treasury and will likely be distributed dis-tributed among the present stockholders ersThe The Utah mine has been a producer from the grass roots I has paid its way from the start No assessments have been levied and although the mine is located over the desert and along a-long distance from railroad facilities i has paid dividends in the past amounting to 179000