Show HEINZE CLOSING HIS OHIO COPPER DEAL Money Said to Be in Bank to Take Over Cone Con- Con I e STOCK MAKES GOOD JUMP Advances Quickly Prom Front 80 to 10 Oil on Strength t II of Defined Well 11 I It Rumor Humor An apparently authentic rumor that the the- morle money had been heen pla placed ll In the Ow bank with which to take up the tho th option on oil control of f the Ohio Copper company com corn pan pany secured about sixty days ays ago by hy bythe bythe hythe the Heinze IntE Interests t resulted mH tJ yesterday in the stock of that company taking taking I Ia a sudden jump from to 50 a I share There was no excitement during during dur dur- ur-I ur ing th the regular se session slon of or the tilt exchange c. but the rumor that something was doing doIng do- do o- o Ing In Ohio Copper strengthened Into a certainty during the afternoon and anda a curb cUlb session was waN held which result result- resulted ed In some lively bidding Several blocks of the stock changed change hands at and and 4 50 was bl bid without drawing spore inore out I There is little or 01 no doubt among brokers and mining men generally that the Heinze option has been virtually closed This option was for something over O shares of or the stock of the company at a price which has never novel been ma made e public but which Is believed ed to be not far from 1 26 a share The mark ma may be even considerably un under er this figure It t having been guessed guesse as low as SO 80 cents It I Is argued ue that the hol holders ers could afford to give sive Mr 11 Heinze an excellent bargain bargain bargain bar bar- gain for the reason that his taking the control would so greatly enhance what remained in their hands It is believed b by man many that the stock which has already advanced tl 3 3 a a. share since the thc Heinze option was taken will go goto goto goto to JC 6 oa or 01 7 pal The The Copper company cOmpan owns 10 acres acres of at ground In the ham district dis- dis surrounded by properties of the Utah Copper company the Boston Roslon Consolidated Con th the United States t the c Fortuna an and the Cop Copper pOl Glance It was as originally owned by the F. F B n. Cook company which Incorporated It as the Columbia C Copper Mining company It was wa sold In 1893 to a coterie of or tenderfeet ten ten- from Ohio who formed the Ohio hlo Copper company As recently a as 1898 the property was offered for to a well known mining mar man manof of 0 f this city who after a careful exam- exam turned the tho offer down The property Is sal said to be In good condition at t this time and the closing of or the tho Heinze option would ten tend to confirm this his |