OCR Text |
Show INTERESTING GOSSIP OF j THE GIR0DX COMPANY j Thve is basis for the report that control of the C-lroux Consolidated Mining com- 1 pany has passed, or will pass, from the 1 Giroux interests to others already Idenii- I fled . with the Ely camp. This does not 1 mean tlie Guggenhelms, for the Glroux property will not so to tho Cumberland Ely company, which is controlled and managed by the GuggenheiVn.s. as h: -s ' been reported. Thero are several large interests in t:-. Glroux Consolldntcd not Identified with the manngoment who favor such a. changi : in the control as will result in giving the , company an aggressive and capable man- j agement and strong financial hacking. I The burning of tho Glroux smeller do- j velops an interesting phase, of the situ- ation. It appears thsit some time ago , Stillman F. Ivelley of this city, who is , largely Interested in the property, was given an option on tlie company's treasury treas-ury stock at a low price, ajid which, after several rduct!ons. now amounts to about 70,000 shares. This option was to run for ono year aitor the smelter was blown In. As the smelter was burned before it was blown In. Jlr. Kclley's option op the treasury stock wul. of necessity, have a long time to run. It 1b questioned, however, if the c6m-panv'a c6m-panv'a smelter would ever have been allowed to go Into commission except to release the company's treasury stock, for it was not built for economical operation. The Glroux property is a valuable one. and is located batwoen the Cumberland Ely and the Nevada Consolidated. The Guggenhelms and others, for a number of years, havo tried to secure control of it, and, in fact, So per share was offered by tho Guggenhelms during the panic, and refused. Absolute control has been poolod. Oro and Bullion. The ore and bullion report for Monday, given by McCornlck Co., was as follows: fol-lows: Ore received, 20.000; bullion shipped, 530,000. Mining Notes. p. O. Cole, superintendent of tho Mason Valley company, has left this city for the mine at Terlnston. v A. O. Jacobson, superintendent of tho Columbus companies, left Monday morn-' Ing- for (he mines at Alta, aitor spending Christmas at home. Hi Monbftlm has raturnid from an extended ex-tended automobile trip throughout the mineral camps of Nevada and California George E- Bent, a prominent Alaska mining man, passed through Salt Lake Monday en route to the East, G. XV. Morgan left Monday evening foi the Savan Devils country of Idaho 1 connection with his ininlns interests. |