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Show I DETAILS OF GOLDFIELD COX. DEAL EXPLAINED Senator Nixon of Nevada, president of tho Gold field Consolidated Mining company, has disposed of his entire interest in-terest fn that I'ompany. amounting to .'UlS.OOO shares, at $7.50 per share, says the Boston News Bureau. He will probably prob-ably be succeeded in the presidency by his' former partner, George Wingliclu, who purchased 108,000 of tho HOS.OOO shares. Mr. Wingfield secured his shares by an exchange of his financial interest in the Palace hotel of San Francisco and in tho banking business of Nixon & "Wingfield. Barney M. Barueh took over (he ro-uiaiuiiig ro-uiaiuiiig 200,000 shares at $7.50 per share in cash and distributed this stock among seven different interests in two 50,000-sharo "blocks and five 20,000-fihare 20,000-fihare blocks. It is understood, that in this recent transfer 11. C. Friek, Norman Nor-man 33. ltcam aud Horace Harding of (: D. Barney & Co. participated. This 0 sale was etfectcd about a week ago. The transfer is said to have been made for personal reasons on the part of Senator Nixon, as he was desirous of retiring from the mining business, having made a fortune therein, practically practi-cally all within the last five years. The Goldfield Consolidated company js showing record earnings, duo in part to the running into rich bonanza ore aud the better operation of its new !Po ton mill. Net earnings for March v,ere $050,000, against; $450,000 in Feb-mary Feb-mary The company is now naming nt tho rate of about $3 per share per nn-jii'in. |