Show UTAH MEGER MERGER T TO BENEFIT Only Experts Competent to De Dc Determine Determine termine Just Ratio Says Walker Discussing the alleged fact that tt holders of 25 2 per pr cents cent ct more mo or less le of the capital stock of ot Nevada Consolidated are pro protesting p protesting testing against the terms term of consolida consolidation tion with the Utah Copper and wilt will wl refuse to turn in I their stock for fo exchange George L Walker copper expert of the th Boston Boton Commercial says sy Only those tho who have hv a technical knowledge of o the th extent of the tha developed and possible ore in the various proper properties properties ties Its average grade the th relative cost ct of ot mining concentrating and many other points of fine detail are ar competent to de do decide de dodde cide whether one share aar of Utah Copper is Ci th two shares or two and an a quarter quarter ter shares of Nevada Consolidated and a event those thee tho possessing pos all al of this thi knowl knowledge knowledge edge so s tar far available could col not It be b poet positive tive lve that they did dd not err in I reaching p a decision In view of the th fact act that it will willbe willbe wll be b of ot immense benefit in ninny many ways Ws to the stockholders of all al of the t corn com companies c panie to bring about abou this thi combination it would seem sm advisable to accept the Judg Judgment judgment ment mont of those who are ar hi In I a position to know kow most mot of ot all ail al these the technical condi conditions tons and permit the consolidation to be become b become come operative as quickly as possible The companies c which are being bein corn com combined cm are at present producing at the rate of ot 1000 to 1700 pounds of copper annually and after the contemplated contemplated plated enlargement of reduction plants plant they should be b able to o put out approximately approxImately approximately pounds of copper at an average cost of ot not over nine cents re resulting r suiting in net earnings of approximately 1900 or about 5 a share on 13 12 1 cent copper and 1450 or nearly S 7 a ashare ashare share annually on copper This should cause caus the market price of the consolidated stock to fluctuate between GO 00 and 90 30 a share and under uner s exceptionally favorable conditions to sell sl at 0 or higher It I is understood that Utah Copper will wi immediately increase Its is dividend from 50 5 cents to 75 7 cents a share quarterly quarterly quarterly terly a rate of 3 annually |