Show DENY RUMOR OF 1 I CONSOLIDATION Report of Proposed Joining of Sioux Con and Carisa Frightens Stockholders J Holders of Sioux Consolidated in this city passed an unhappy day yesterday esterday At Atthe Atthe Atthe the morning session of at the exchange a large block of stock was thrown on the market and the price broke with a rapid rapidity ity it ty which was terrifying In addition to toi i this fact tact the rumor became current that g it was th the Intention of oZ Colonel C E K KLoose EL Loose Looe L and ami nd Ms his associates to form a con consolidation consolidation I between Sioux Con and Carisa and tid t iut Con Can was wa to be hammered I I down to 31 1 I in rn order to allow the consoli consolidation consolidation dation being made on a share for tor share basis buls Although the rumor was not sub substantiated substantiated in any way cay it served to aid in inthe Inthe Inthe the success s of at the bear benr raid As the price gradually sank the stock held on margin accounts by brokers for tor their began to come on the market and still further depressed the price Many Salt Lake investors are holding Sioux on ma mar marKin maln Kin ln in the belief bellet that the condition of off f te he property pro warrants more than the c present price and that the tho property will more than pay its present price pric in divi dividends inside a year Sioux has been on one of ot the steadiest stocks on the list fist and customers have had no difficulty In pur purchasing chasing chasi it on a margin It is a certainty that if It the price continues to drop a num number number ber her of ot Investors will be badly hurt The proposed consolidation could hardly be considered seriously according to the wiseacres of o the street Although Altho gh the con control control control of at both properties is in the same hands bands it would seem a most peculiar pro proposition proposition proposition position to consolidate a mine in active production and paying OOOO per month In dividends with the possibility of con continuing to tn do so 80 for months to come with witha a property which has no ore reserves at present and which has been idle for lor many months until It was acquired a short time ago by Colonel Loose and his associates on a share for share basis The properties adjoin and It is the belle belier of o many that the same rich ledge runs through both but this fact is not yet proven and It will require considerable development work In Carisa ground to es establish establish establish that contention When asked concerning the rumored consolidation yesterday G N Holdaway of the Sioux Con denied emphatically that any an such move was in contemplation He said sald No such consolidation could possibly possibly bly go o through No such move is 15 con contemplated contemplated contemplated and if It it ft were the public would not stand for tor such a consolidation Colonel Looses Loose connection with the Carisa is a a purely speculative one on his part and andIs andIs andIs Is not connected with the Sioux in any anyway anyway anyway way I am unable to account for the slump in Sioux Con Can on market markel except by a movement on the part of ot some of ot the brokers and professional trad traders traders traders ers to shake out nut the marcin accounts So far tar as n I have heard there has been no development at the mine which could ac account account account count In any way for tor the fall all in price I Iam Iam Iam am confident that this is the bottom price for or Sioux and If It It Is not a buy at this price I r am greatly mistaken n The mine Is 8 in excellent shape from tram all I have heard although I hate hae ha e not been at the thc property for tor two or three days |