OCR Text |
Show I. HANGE IN CONTROL. All Efforts to Secure Option on Scran-ton Scran-ton Mine Futile. One of the most interesting mines of the State at this time is the Scranton, not only on account of the recent splendid splen-did ore disclosures, but by reason of the manner in which the owners pursue pur-sue the management of the mine. The Scrantou is one of the closest corporations corpora-tions in the State, and of late reports have been circulated that a. change in tie ownership of this property was pending. It can be stated uDon undoubted un-doubted authority that the Scranton ownership remains unchanged, and promises to remain so indefinitely. It is known that several efforts have been made to cause the owners to "jar loose' from their possessions but up to date all such endeavors have been vain. The Scranton company is capitalized for 30,000 shares, and about 90 per cent . of the capitalization is held by one man. It is to him. therefore, that the efforts have been directed to secure an option upon the control. The Scranton Scran-ton owners do not regard options favorably, favor-ably, however, and 'no one has been able to boast such a hold upon this North Tintic property. It is doubted if a share of the stock can be pur-chaeed pur-chaeed from any of the holders, and what is not generally appreciated in local circles, this stock is auoted at any price from $30 to $75 per share. The Scranton is a great big mine, and it is doubtful if any of the capital now on its trail will be successful in corralling corral-ling the control, in spite of numerous reports to the contrary. |