Show ARiZONA COPPERS AGREE Phelps Dodge and Calumet Will Put Proposition to Vote NEW YORK July 16 W mrs tors of Dodge Phelps corporation and Calumet and Arizona Mining company corn com pany have agreed upon terms of a consolidation subject to approval of the stockholders A formal statement said that it is proposed that after a payment of a share by the Calumet and Arizona Mining company to its stockholders stock stock- holders the properties and assets of the Calumet and Arizona Mining company be merged with the Phelps Phelps- Dodge corporation upon payment by the tho Phelps Dodge corporation of 6 4 4 1 shares of Its stock for each cadi share shareif of if Calumet |