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Show mm will be EXPIffl VEHICLE Taking Over of International Properties Involves No New Financing. "W hatev r expansion nifry h? effected aronnd tb j. Amalgamated Copper company, com-pany, tha . corporation will not be directly di-rectly involved, as the Anaconda Copper Mining company will be the vehicle through which further acquisitions and absorptions will be accomplished, says the Boston Xews Bureau- Amalgamated operates op-erates under a New Jersey charter and Anaconda under the more liberal statutes stat-utes of Montana. Tie acquisition of the Tnter national Smelting & Refining company will involve in-volve no new financing by the Anaconda companv, a' cordlne to ofticia'i of the company. Tho J'.'jfAOo floating; debt of the International company will b Assumed As-sumed by Anaconda, while the latter companv. furthermore, assumes responsibility- for- the S2.50O.00rt expenditure planned for the construction and equipment equip-ment of the new smelter now under way at Miami. , Seme Changes. Tlif re will be several change- affect-ii.g affect-ii.g tiie various subsidiaries of the Amal-pnn-.a ted - Anaconda group after tiie com-pk-t ,nn of t !"; International company A'-nni,- it inn. Primarily, this will not be at tenip'ei! immediately. ! A new corpoiation hsjf heen orea rrized to it- (. hold title to and operate tiie various -melters to he acquired. They iiic id- the Tooele; plant, that building to rd U- tiie Mia mi -Inspiration con' en -t"s. and poti.sMdv the Kast Chicago lead tin tf - and refinery. The copper r"-fin.--ry at "Pari tan, N .7., pi.",- owned bv the Ran tan Copper works, will b-i held as at present, except that the corporate sUk-K, all owned by the Tn-tf-rnationai company, will be turned over to t h e A na co 1 ;d a compa n y . Actual co u -trol will bt pra'-ti rally tl:e sat ha. bh the International .Srne'rins: was t.tart-d and ma naced by the A rnaisa mated Interna rs. Aside f rom owning one of the world s two largest cooper mines. th other be- inc the I'tah Copper, the Ariaconda companv com-panv will aI?o tome into T'Os!e'-'ion of one" of tbp two largrqr copper refineries in the world, the nominal rapacity of the Kariian r-'ant and that of the Ni'mol? Copper comoanv being im ctica llv the sain, in exec's of i.ftfifi.ooo pounds of refined copper daily. Has Improvement Phms. "Beyond assu mtng the obit ga lions to be Incurred Hi connect ion with t he International Interna-tional S'-Tuiitlon. A naconda. linn an irn-pro-. e merit progra mme under wa which will run itito t n millions. Thin I ncIudAS the propopf-d loathing plant, from which Sri.fViO.00O pound" additional copppr pran-num pran-num I18VP bpffi flg'irpd upon, and h plant for the treatment of Its tailing. Flotation may be put Into use on the tailingK, but no definite plan has hen decldfd upon. Tli" Amalgamated rompany, as a corporation, cor-poration, will continue in hold oh Ma chief aet the majority stork of the Anaconda Copper Mining companv. whirl in turn will be utilized, when found 110-:-p.-sa rv, as t'ne medi urn of furtiier ex- pa llfrlON. |