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Show IJ BIG MERGER THOUGHT I TO BE CALLED OFF m 1 i' jeports from the East Saturday woro 1 lo Iho. effect that the proposed merger i deal between t.ho Nevada Consolidated, jf Cumberland ICly and Utah Copper com- i panics had been declared off, either " icmporarily or permuncntl.y. It is thought out West that the termination jh is permanent as far as the Utah Cop- J. , per company is concerned, but. the nier- . gcr between the Nevada Consolidated M. and the Cumberland If.ly companies is Expected to be pushed to a hnpA"coii-elusion hnpA"coii-elusion during the summer months. W There is every argument for eumbiii- i iag tjlicse two proposif ions, for most of tfl rheir interests arc too inseparably con- Iiffi ncetcd to permit independent opcra- J Bui wiih the Ctah Copper considered U I in the deal, then tho case is different. L t Kastcrh circles think that the Yukon 8! Gold fiasco has been responsible for w j dropping the three-cornered consolida- 3 lion. Tht; Hasr. may be in a more fall fa-ll 1 vorable position to judge of such mat-jW mat-jW ; lers, but out West more emphasis is it x being; placed on 1he top-hcayy lerms j as reported to account for a suspension j ', of negotiations. f 'There aro many stockholders out this ff way who believe that the proposed offer J of. six shares of Copper Mines stock for j one of Utah Copper was merely a feeler, ft a -sort of bail to sec how far 'the sloek- i holders would be inclined to nibble. I 2sTo nibbles came. Utah Copper stock- holders naturally resented any proppsi- tio'n that would force the company to y i mako i)5 per, cent of the profits' for u i .'." 1- per cent of the holding coin-m coin-m . panv'H stocks The. interests bohind the R i I)rbposed deal arc now in a position, to H state, that all such reported offers were p. i uuaiitliorized. aud that no consolidation M J vith the Utah Popper was contemplated 3 j f rout ' the beginning, for as far as can ! j be fomid out nothing onicitil has been, jjl j allowGil to leak through from the very m J iiieoptio'n of the reported deal, jl j iThe threi'-cornorcd deal may be ? l brought to life at;ain some future dav, V buj local circles believe it will be atn i j tiiuo-vhoii the two lily propositions arc r, j Jij t?bjWtei' shape to drive a hard' bar-l bar-l j gfi.i.a w.itli.. the Utah Copper. They cer-II cer-II tain!' arc at a disadvantage now. |