Show STILL AFTER GUGGENHEIMS I 1 Smelter Trust Anxious to Absorb I Another Competitor 0 1 The New York correspondent of the Boston News Bureau has this to say regarding the effort of the smelter trust to absorb the Guggenheim 1 plants It was rumored in Wall street yes yesterday yesterday 1 that the negotiations between the American Smelting Refining 1 company and the Guggenheims looking i to a consolidation consoli lation of the two interests I 1 had been renewed The terms of the Guggenheims it was stated were I about while the purchasers r rt t were said to be talking figures about 4 J under that j At the office of the American I ing Refining company yesterday it 4 was authoritatively denied that negotiations i for a consolidation of the two concerns were under way at the pres present present present ent time Ume It Is understood however that the negotiations may be taken up again and well w ll informed parties are of i the opinion that sooner or later a con consolidation consolidation will wiIl be effected I A representative represent tive of the American Smelting Refining R fining company declined to give details as to the terms It Is learned however that the proposition I which has previously been discussed was that the Guggenheims should re receive reI for their interests of I American Smelting Refining stock half in common and half halt in preferred but on the other hand they the were to I pay to the American Smelting Re Refining ReI I 1 fining company in cash Allowing a price of 90 for American Smelting Refining preferred stock stack and 40 for the common which probably would not be far from the average prices since the company was organized organ organized organIzed each of common and preferred would be worth which after deducting for forcash forcash cash cah to be paid in would leave as s about the net cash price offered the Guggenheims for their properties |