| Show BUTE BUTTE MERGER IS Evidence of Providing for Big Consolidation Detected in Plan That the merger of Butte copper com corn companies companies panics Is 11 the logical solution of difficulties difficulties which have beset mining in that camp is the general belief belef in copper trade circles Beneficial as will wil be bethe bethe bethe the consolidation of the great porphyry por porphyry porphyry properties Utah Copper and Boston Consolidated in Bingham camp the need of ot more economical opera operations operations tons in Butte Bute is more marked It I will wi end all al controversies conflicts and liti litigation lt litigation gation gaton and guarantee steadier opera operations operations tons for tor the mines The merger will wi also result resul in a sharp reduction reductio of operating costs coats The increase of the capital stock of ot the Anaconda Copper company compan from shares hares to shares for forthe forthe forthe the absorption of Butte properties means the elimination of the Amalga Amalgamated Amalgamated mated companies and its Is subsidiaries Butte Bute Coalition Coalton and North Butte Bute pro provided provided provided vided North Butte Bute is absorbed There will wil be no holding company such as now exists in the name of ot the Amalgamated Amalga Amalgamated Amalgamated mated Copper company compan but only one corporation the Anaconda Copper Min Mining Mm Un ing company The merger means elim elimination elm elimination of Amalgamated Boston Montana Washoe Trenton Parrot Butte Coalition Butte Boston Red Metals and others identified with the themen merger men er erThe The shares of Anaconda stock would have a market valuation based on prevailing prices of approximately approximately It I is welt wel under understood understood understood stood that a R large amount of ot that stock wil will not be required to complete the Butte consolidation Evidence of Great Merger It I Is in this connection that appears the first evidence of the greater mer merger merger merger ger being provided for One of the theories advanced in the east is that thata a large percentage of ot the new shares will be utilized for the purpose of ab absorbing absorbing absorbing Utah Copper which has al already alread already ready read taken In Boston Consolidated and anda a good goo portion of Nevada Consolidated It I is pointed out as an interesting coin coincidence coincidence coincidence that little difference exists be between between between tween the quotations of Anaconda and Utah Uta Copper shares The total production of the tho Butte mines which are scheduled sch for tor Ute tie mer mar marger merger merger ger is about pounds of ot cop copper copper copper per The total production of the con consolidated Utah Copper company will wi be bein beIn bein in the neighborhood of pounds Utah Copper having consider considerable considerable considerable able advantage in the matter mater of ot low cost coat Corporation lawyers lawers 10 do not question queston the legality of o the Butte Dute combination They The say that the merger is entirely within the law and that instead of violating the statutes it is removing obstacles which might affect holding companies |
