Salt Lake Telegram | 1913-04-18 | Page 13 | Control of Ohio Copper May Pass to Utah Copper

CONTROL Of OHIO COPPER NAY PASS TO UTAH COPPER Ohio Copper made a big advan this morning on tha ftranfth of reports from tha aaat that tha company ould pay off its bond. Wttfre thia may not ba tha arrangement that haa bean perfected It aeema evident that the company haa done noma new financing and that there will be a change which will give thJe Bingham proposition a chance to he placed on an earning baala Tha mill plant Is treating about 2700 tons of or dally, and on this operation It la evident that a nice profit should be shown. Some significance la attached to tha fact that rumors are current that Utah Copper interests may get control of this property. While this la not tha first time that this report haa bean circulated, each time that such news waa put out tea Utah Copper officials have denied that thay had any l ntentlon to purchaae tha control. Ohio Copper waa examined and carefully earn Bled several years ago by anglneere for . C. Jackllng and hie aaaoeiatee, who had an option on the property. After being examined they failed to exercise their opportunity op-portunity toiurchaae the mine. Recently Felix Rosen of the flrra of Harden. Stone a Co. waa added to tha United Copper preferred atockholdars' committee. Inaemunh aa UavUad Ospgsr waa tha holding1 company for Ohio Copper It aaams that people began to connect this move with a poeeible deal that Utah Cop-par Cop-par might have to obtain control of another an-other section of Bingham. It la also said that the recant heavy slump In Ohio Copper sharee waa due to a mora that Waa put on to liquidate some accounts that were not margined sufficiently That during this unloading a conelderable accumulation ac-cumulation of Ohio Copper sharee waa going go-ing on In certain banking honaee friendly to Utah Copper. Whatever may ba the outcome It seems certain that Ohio Copper la now In shape to ba placed on a profit making basis, provided Its outstanding obligations are paid up With a clean sheet this property prop-erty should ba in the Utt of profit makers from Bingham.