Show ONE DAYS WORK VORK OF THE HE 81 BIG GUNS Forces a Wrestle Wit With Uth Utah Copper Boston oston Con Merger Plan la NOTHING DEFINITE IS DONE NEGOTIATIONS WILL BE RE RESUMED RESUMED TODAY Negotiations looking to the closing of the del deal whereby te the Newhouse copper may muy be merged wih with the Uta Utah Copper and al all be han ban bandied dIed by the same caine combination took up practically aU an of te the time of the of cIal of Dniel Daniel Guggenheim and Samuel Newhouse yesterday esterday The discussion of te the vial vital point points In the transaction wi will b be resumed today Sauel Samuel Newhouse president of the Boston Consolidated ad and Newhouse Mines nes Smelters corporation came In from the east on a late trin train Sunday nIght night Erly Early yesterday forenoon he had exchanged compliments wih with Mr Ir Gu Guggenheim at te the Newhouse offices and no time wa was lost In getting down downto to work work While the day was a strenuous ous one for tor everybody concerned i it re sute suited in no defnie conclusions being reached Whether te the mater matter cn can be settled toda today is problematical Mi MU lions ons are at stake ad and i it is not expect expected ed that an agreement will be reached until bot both sides have fully presented I theIr cases and the evIdence The mining engineers and experts who I have been for week weeks computing the values alues of te the mines involved i in the Ii proposition ha had their report reports ready and most ot of them for each side were tem present to mae make such oral explanation II as mIght be required of tem them Touch TouchIng 1 Ing the legal pints points in the Isaac of New York was there to represent Guggenheim nd Utah Copper interests while C C Pa Par ParSons sons of D Denver nver was there to watch the interests of Mr Newhouse The session lasted al all day and luch lucheon lunch luncheon eon wa was taken b by those in interest just justas as opportunity afforded Wen When the day ended the participants left to fl fill en engagements engagements for dinner and Mr r New Newhouse Newhouse house house te the only one of the party tat that could be reached made the formal and brief announcement that no d decision had been rece and and tat that nothing had occurred during the day tat that could in the lest least interest the public believed that serious I It is not any bitch in the negotiations has occurred the failure to rech reach a conclusion being attributed to the one fat fact that there are arc s so may many details to consider that i It was ws impossible to take them al all up and dispose of tem them in one day As a mat matter matter ter of fact i it is the tat that several days time wi will be largely con consumed before a final understanding and anda a agreement is reached This is consid red cred aU all the more probable because the in the transaction wi will be able ableS S to consider other maters matters of business while knotty pints points in the big deal are bEing untangled by the engineer engineers and lawyers who wi will have much to do wih with smoothing out the rough places laces As s planned in New York before the holidays the proposition a as reported was that a company sho should ld be to take take over control of the uth Utah Copper Boston Consolidated and Cac Cactus Cactus properties A tentative understand understanding ing was reche reached and Mr Newhouse re returned returned turned home During his absence and after his arival arrival new ad and most important tnt tant developments were recorded in te the Boston Consolidated mines and Mr Newhouse promptly declared tat that It would be for him to think of accepting the terms that had been partially and informally agreed upon Before going farther wih with the negotiations he ake asked permission to have the Copper mine mines examine examined by his own experts and suggested that the for the oter other side should take of the Improved conditions cognizance nce te in Boston Consolidated territory ad and that the mater matter of ter terms be left open pending thee these investigations The mine mines have ben been examined reports have been submitted and now the prin cpas to the transactIon are endeavor endeavorIng lug Ing to reach an und understanding that wi will willbe be equitable al all around I |