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Show BOSTON CON.'S ADVANCE TffAKT.S MUCH TALK The sensation of the hour and the talk of the street Is the big advance that, has taken, place in the stocks of the Boston Consolidated during the past week. Eastern East-ern reports are to the effect that there has been- another proposition to consolidate consoli-date this property with the Utah Copper company and operate the two properties under one management. This report lacks official confirmation, and save the wonderful improvement in the ores ex- posed in the Bingham property, there has been no well-defined reason for the sudden advance. This morning President 8amuel New-house New-house received a wire, from Treasurer Schlrmer from. Boston to the effect that M. I. Newbouse. a brother of Samuel Newhouse, had purchased through his London offices 40,000 shares of Boston Consolidated stock during the past' wye. Mr. M. I. Newhouse resides In Paris, and while It Is presumed that he has been purcnasing mis siock xor nis own account, ac-count, his brother at this end of the line says that he knew . nothing about the buying until he was informed by Mr. Schlrmer by wire this morning. With this announcement coming from the head of the company, the consolidated scheme promoters have had a puncture put In their theory that ought to settle this much-talked-of proposition for all time to come. The Boston Consolidated is one of the biggest copper mines In the country, and Is controlled by Samuel Newhouse and his associates, who have no desire to part with their holding for several times the amount of the present market quotations. |