Show I Calumet Arizona Phelps Dodge Corp Still Talk Merger I NEW V YORK June 10 IP The P The meeting of directors of Calumet and Arizona Mining i company was routine with no action taken either as to election of a president or regarding the question of moving movIn the com corn company's company's pany's office from Calumet Mich to New YorK Gordon Campbell recently resigned resigned re resigned re- re signed as president At a recent I meeting stockholders ratified a proposal proposal proposal pro pro- to move the headquarters to New York City It was reported that meetings of ofa ofa a committee e with one of Phelps Phelps- Dodge corporation concerning the advisability of a merger of the two companies are continuing but the thc probabilities arc are that it will be sometime sometime some sometime is time before any definite decision reached One of the chief difficulties difficulties ties it was said appears to be what price of copper t to take as L. L an average over aver a period of or years in determining determining ing the relative values alues of the com corn V a. a S 'S |