OCR Text |
Show Company That Financed (lie Inspiration In-spiration Is to Be Liquidated. WILL DISTRIBUTE ABOUT p A SHARE Share holders Invited to Send in Their Stock for Final Dividend. , Word reached Salt Lake City Friday from Boston over the Pollock wires that tho Mining Issues company wan to be liquidated immediately. This is Important news for several Utah investors who huvc boon stockholder;! of this company for practically the two years since the samo was organized. Tho Mining Issues company is the organization or-ganization perfected for the purpose of Jinanclng the Inspiration Copper, company. com-pany. Its capitalization is 1.000,000 shares, par valuo $5 each. Stockholders subscribed for the complete issue at par, $1 P'r sharo bolus: paid up. tho balanco of SI per share being subject to call by the directors at any time, but never called for. While the details of the organization aro not obtainable, and will not be until the Uoston office Issues a statement, which is expected on tho first of tho coming week, ft is thought that tho $1,000,000 raised by Urn sale of stock provided for Urn Initial development work at the Inspiration In-spiration properly. Tho company had an option on approximately 700.000 shares of treasury slock of Iho Inspiration company, com-pany, the last block of which, amounting amount-ing to about 20'J.noo shares, was sold tho first of this week for $10 cash per share. The purpose of the Mining Issues company com-pany having boon achieved, the financing of I In; Inspiration, there exists no further reason for the 'continuation of the organization. or-ganization. The company, theveforo, will be disincorporated at once. Western stockholders liavo been requested to send In their ntock to the Boston headquarters, li Is not positively known just how much per share will bo distributed. Ono guess Is $2.50 per share, another made yestor-duy yestor-duy was $1 a share, and those having some ideu of conditions believe that from $3 to ?l per sharo will bo found close to the mark. There has been an Interesting story woven round the recent sale of treasury, slock Arizona papers have claimed" that the .Tackling. MacNcill and Penrose interests purchased a substantial block of the slock us nn opening wedgo for a gigantic merger of the so-called porphyry por-phyry copper propositions at the logical future hour. Mr. .Tackling slated to The Tribune on Friday that neither as a combination of Interests nor as far as he knows aa Individuals have he and associates asso-ciates secured any of this hew stock. Mr. .Tackling says that he Is a stockholder stock-holder of the inspiration company, and has been since Iho formation of the company. com-pany. The Impression that they were heavy purchasers undoubtedly came from tho report that Haydcn. Stone & Co. was one of the underwriters of the recent Issue. Novadas In San Francisco. James A. Pollock & Co., bankers and brokers, furnish the following, received over their private wire yesterday afternoon after-noon Bid. Asked. Goldfleld Col Mountain 02 .lutnbo Extension 32 Booth 10 Blue Bull 05 Adams 01 .02 Silver Pick Ort BIuo Bell 02 Oro On .08 Atlanta 13 Great Bend 02 Red Top Extension 03 Florence 2.00 Combination Fraction ... .31 Great Bend Extension 01 Great Bend Annex .01 Portland ., 02 Crackerjack ' .01 Red Hills , .03 Grandma 03 Goldficld Consolidated . .. 7.80 Comstock Ophlr . 1.421 1.45 Mexican 1.171 1.20 Gould & Currv 17 Consolidated Virginia 1.20 1.221 Hal & Norcross 21 Yellow Jacket 56 .60 Belcher 565 Confidence 75 Sierra Nevada 22 Exchequer 20 Union 32 .33 Potosl 40 Tonopah Montana Tonopah 04 Tonopah Extension 1.00 J.05 MacNamara .28 ,30 Midway i 20 .21 Tonopah Belmont -1.55 4,60 Tonopah North Star ...... .06 , West End Con 57 Jim Butler 29 .30 Bullfrog-Mayflower Bullfrog-Mayflower Consolidated .05 Montgomery Mountain ,01 Homcstake Consolidated 01 Tromp Consolidated. .02 j....... Manhattan 1 Manhattan Con ., .03 .04 Dexter 00 .07 Stray Dog 05 Other districts I Nevada TI Ills 2.521 2.55 Pittsburg Silver Poak ... ..in Eagles Nest 05 Round fountain 42 Hailstone .03 .05 Rawhide Coalition .QC San Francisco Mining Stocks. SAN FRANCISCO. Oct. 21. The- official offi-cial closing quotations for mining stocks today were as follows: Alpha Con. ..? .03 Julia 07 Andes .11 L Wash Con. .03 Relchrr 0- Occid Con. .. 1.I7A B & Belcher.. .30 Ophlr 45-- Bullion 07 Overman .. .. 1,15 Caledonia . .21 Potosl 31 Glial Con 20 Scorpion in Confidence ... .7,1 Sag Belcher... .0,1 C G and Va.. 1 .221 Slerru Nov '. . .11 Cp.n Imp 03 Sliver Hill .. .24 Cr Point 70 Utah Con 03 G & Gurrle.. .14 Vol Jacket .. 50 H & Norcrou. .21 BOSTON MINING STOCKS, Alloucz .. ..-514.50 iNev Con ... 216"J Amal Cop .. 70.00 i Nip Mines... 11,00 A Z L ic Sm. 27.00 ,N Butte .,, S2l75 Ariz .Com .. 17.S7VN Luko 0.00 Atlantic .. .. S.75 I Old Dom. .. 41 "5 B&CCitSM UL 371 Osceola, .. ..l'JO.OO Butte Coull.. 10.75 iPnrrot 13.. 10' Calu & Ariz, 50.75 'Qulncy .. ,. 7k. 00 Calu & lice. 550. 00 Shannon .... 12.00 Centennial... 21 ,.10 'Superior ...1 12.7,1 Cop R C Co. 71.00 S t Bos Mill 7.7.1 E T5 Cop M. 8.7.1 ;s ,t Pitts C. 113,00 Franklin . . 11.50 'ln;nrack ... KO.OO Glroux Con .. 7.S7J U.S Coal & O 41.00 Granby Con. 34.00 L'S S R & If. 10.621 Grceue-Can. . 7.371 do pfd .... IS.S77. Inie Royalo.. 22.25 , l tali Con, .. 23.50 Kerr Lake . 6.50 iWliioiia 10.25 Lake Cop. .. 3S.0H 'Wolverine ..133.00 Mohawk . . . 51 .00 NEW YORK MINING STOCKS. Alice S2,0"O.LIttI Chief OS Com T Stock,. ;22t Mexican l r 10 Com T Bonds. .10 Onlario 2. ''5 C C anil V;i... 1.20 Ophlr i,;;.- H0111 Silver . .37, Standard .v Iron Silver 1.50 Vol Jacket ... .GO Lcadv Con 10 |