Show PHELPS DODGE NOW RUNS RONS UNITED VERDE VERD NEW YORK April 18 It It is understood that the Phelps Dodge Dodge corporation has taken over the th assets assels of ot the United Verde Copper company compan control of ot which was acquired a fc few months month ago These properties ad add tons tans of ot copper annually 1 to to- the productive capacity of ot the the Phelps Dodge corporation Under the plan of ot absorbing tM the th United Verde it is learned that th the Phelps Dodge corpora corporation on boug bought them hem from the United Verde Verd company compan and subsequently declared a liquida liquidating liquidating ing dividend Since it already owne owned about 90 gO per cent of ot the United Verde Verd stock most of ot the dividend reverted reverie to lo the Phelps Dodge corporation 3 s owner of ot the stock The reported price paid for th the United Verde assets assels was Because of acquisition of mines mine with a capacity of or tons a year th the Phelps Dodge corporation applied for and obtained a larger copper cop cop- per quota under the code Its or orinal inal capacity was tons toa With the United Verde mines it now no has a capacity of ot about tons lons of copper a year jear |