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Show UNITED STATES MAY TIE El PLUTUS Rumor That Smelting Com pany Is to Merge It With Godiva Property That the ear 1916 w 11 be one of the n ost a portant n the b sto y of the T t n n ng d str ct s a foregone conclus on and on e ery hand there are e dences of n ore extens e m n ng operat ons vh ch are to be taken p in the near future Son e of the older propert es h ch have been n act ve dur ng the pa t few vea s vi 11 no do bt ros rae wok the b m n ng compan es re h anch ng out and n reas no the r hold ugs and prepa a t ons a e be ng n ade for the organ zat on of new con pan es which w 11 prospect the newer sect ons of the d s trict says the E reka Reporter During the week iust past there has been cons derable act vity n PI tus stock an 1 th s has resulted n the c r fulat on of a number of stor es re gard ng the transfer of the company s ground to one of the compan es own log adjoining terr too as well as ru mors of a big consol dation Plutus stock is held very closelv by Da id Evans of Los Angeles and Jesie Knight of Provo and wh le verv 1 ttle of the stock is to be had on the open mar ket the price has gradually advanced from 3 to 4 cents per share to about 16 cents, the most sensational advances being during the past week Local people seem to think that the Chief Consol dated company has been quietly picking np the Plutus stock in an effort to get control of the big block of mineral ground which adjoins the Chief but this is indoubtedly wrong At one tune the Chief man sgement did make an effort to extend the company s holdings in that d ree tion but this matter was soon given up and attention paid to other mineral ground the reason, no doubt, being that the owners of the Plutus stock placed too high a valuation upon it, in the opinion of Chief Consolidated people The story of a consolidation of the Plutus and the Godiva with a pos sibility of both being taken over by the United States Mining company n der option, seems to carry with it some semblance of authenticity, and wh le we are unable to verify it there are many things which indicate that the officials of the Plutus and Godiva are trying to complete a, deal which will bring these two mines under the same control and which will result in the immediate development of the very ex tensive holdings of the two companies. |