Salt Lake Telegram | 1923-04-09 | Page 12 | Kennecott Copper Increases Stock to Absorb Utah Copper

COPPER INCREASES STOCK TO ABSORB UTAH COPPER NEW TORE TORK April Stockholders of th the Copper company today an en increase In th the capital stock lock from lo Is 0 shareS of ef no par pan value and 50 of the capital from to They alto also authorised au so- an sit offer of exchange on th the bails of l 1 i char ef of for on one of Utah Should eli il of Utah copper shares share nOt already in 5 treasury bo be ox- ox x- x changed u it that share of The Th directors director are authorized to sell Ml th remaining i shares of th the of nw ow sharee hare fr fer corporal purposes told stockholders stockholder that with UM the control at of Utah would have nav a potential output from It lii own and properties of about pounds pound of copper a yr yeas- end and that It cost colt of productIon would b be th tim lowest for this thu tonnage In th the world The company h he added In i. new earning at th the rat of between 5 and U a a. a a. year 4