Show SAY MERGER PLAN I INOT NOT UNDERSTOOD Nevada Con Holders Fail to Grasp GraSI Import of Ex Exchange Exchange Exchange change Offer OfferO O position on the part of pf Nevada Con Cons s a stockholders to exchanging their lings for Utah Copper COll er stock 1 is due i to failure of lIf many of them to ye yet yett v t 11 a j md that the basis baa is of exchange of lO tu represents a higher valuation for forti forti ti tr of Nevada Consolidated lii i for lur those of Utah Copper accord accordi i U g lj Li i l statement which hag haa been issue l 1 M I Guggenheims Sons Sona The fact that 11 I a a Consolidated stockholders pro v I Jill Idd all alt should exchange would receive tin total of shares of tah Copper sti Ett k as against tile the shares Veil rep i it tg g the present Utah Copper prop iu c t k s 5 it II 1 lost lust sight oi of attention being n only nh to the tact fact that 2 4 shares are ii B i for one share The Ne e vaa i has a capitalisation ol of of 1 I divided into 20 U XIO JOO shares i Ii tore lort the offer of the Utah Copper Copperi i l was formally forma II made the Gug run ims say 1 18 stock of oI the Nevada NelIda Con Coil Coill l Lt td hd company aggregating 81 18 ti Haft an s had been bt n The holdings 11 n 1 a were those of the Gug UC l i it im Exploration compan Z W WU V Y i t ar IT M I 1 Guggenheims Gug nh ims Sons U Whitney hitney estate el tate Harry Payne V l iii nt 17 6 Samuel and l nl I IS I Thalmann I i 1911 Eugene Meyer jr Co 14 t cOmpan London lt Has Twice the Tonnage statement calls attention to the jih 11 ul of Pope POI Yeatman and sail C B H lake lakei lakel i l n under r whose holle supervision the opera tJ ti tr ol Ut the In have been conducted E r u i We e are informed the J I tie Hu i goes goe on to say tift hy by the engineers t it lt tIit tit tonnage of ore developed by b the I 1 f alt is It more inure than twice tW Le as great that developed l by the Nevada evada com coIn 1 i The opinion of the engineers and andt andl based the t l I judgment were solely on oit value of the stocks of the two t r and aini the he market alu of the thet st ot t H li of the two companies was not nott t i en fl into consideration c V believe that Mr opinion I et and ami that after the improve is t I mentioned by b him have Ul been heen made madeI madet y t I tah ah company compan with copper OI ler at only will ill iIi be able abl to earn and pay pK annual i at a much higher rate ratu 3 1 1 I i share and ami that on oil account of its bc Ct to r ore reserves it will be bt able to ton tor n rj r and In pay INi dividends s for a much longer id than hUm will be possible fur tor the th Xe Ne Nei i l company I n fl Coppers market weakness is at tT tr it td d to the large amount of Utah i c ing i g on the market which were ex cx r t hd d for the th shares shar s of the Boston BostonI I When that ex cx t c tig Hg I g is completed there will be i i 1 i Itah shares on the market than i f u LC I Many llan of the th Boston Hoston I 4 J I 1 shareholders have hae held their stock al t without return reT urn hence a Ii nat nati i 1 il ire e to turn tile the th new flew Llah stock block blocki i 1 I into ash aiL |