Salt Lake Tribune | 1906-03-02 | Page 6 | Copper Glance Mine May Change Hands

COPPER GLANCE MI MAYCHANBE HANDS Negotiations Pending by Which Local Interests May Secure Bingham Group. Quito recently thero hao been a trrcat amount of Interest displayed In, and demands de-mands for, tho .stock of the Copper Glance company on the lloor of the local lo-cal exchaiiBC, and Thursday there was a rumor freely distributed auiony the mining' min-ing' circle to the effect that prominent Suit Lako Interests had socured an option op-tion or bond on this property Tho inol favored rumor was to the effect that a bond had been secured on a baala of 21 cents per share, which, with tho COJ.C0J shares of stock In the capitalization of the company, would bring tho price of the mine up to S120.COO. Deal Not Consummated. President and General Manager Edmunds, Ed-munds, when soon by The Tribune, denied de-nied that tho negotiations had been fully consummated, nor was ho willing to admit ad-mit that negotiations wero on. Ho Intimated, In-timated, however, thut such might bo the case In the near future. Tho Copper Cop-per Glance properly la located at Bingham, Bing-ham, being within tho magic circle that has been astounding the world with lta copper disclosures, and In view of the recent developments upon tho property It Ib considered that the above price Is not out of proportion to the real merits of tho proposition, even though tho Copper Cop-per Glance la comparatively a youngster. young-ster. Much Development in Store. It Is ovldont (hat ahould tho proporty pass Into tho hands contemplated there will be Inaugurated a most diligent development de-velopment of the ledges of the mine, nnd It Is expected that tho Copper Glance will become ono of the prominent producers pro-ducers of that rich corny.