Show SMELTING TRUST DIRECTORS I I Board Considering Question of Buying < Buy-ing Guggenheim Properties < I Notw Ydrk Dec 18 Dircctors of tn 1 rt 18DIrJctor8dCf American Smelting Refining company 1 1 com-pany met today and declared the regular regu-lar quarterly dividend on the preferred stock No action was taken in the I matter shares of a dividend 6n the common < I was admitted by an official that the matter of acquiring the Guggenheim Guggen-heim properties 01 consolidating with those interests was informally discussed dis-cussed but that nothing definite was done doncI Is admitted by insiders that negotiations nego-tiations looking to n union of the interests In-terests have been carried on more or Jess earnestly for many months i but that nothing more than u tentative proposition has come from either side Report has it that the Guggenheims have placed a valuation of from S25 000000 to 32000000 on their properties and that these figures were being considered con-sidered by the other side |