Show ining and Financial News i DEBTS DISCHARGED BY CONSOLIDATED TED ELY Nev Consolidated Consolidated Copper- Copper nUnes nines corporation has quick assets of cf if approximately all aIr bank Jo loans ns have been paid and except for current expenses and for le legal al and similar charges the company has no 10 debts according to a report to stockholders by R. R W. W Higgins president pres pres- ident t Mr Higgins points out that the loan authorized by the R Rp Rr p r C is still under consideration by the company officers and counsel Should the directors deem it advisable advis advis- able ablo to take tho loan tho the matter will bo submitted to the stockholders stock tock holders I t Approximately a n 10 per cent In Interest Interest interest In in- terest in tho the Consolidated Copper- Copper mines corporation has been acquired by the American Metal company the report liport shows with sIth Dr Otto Sus gana t chairman of its board of directors directors tors tars tors being elected a member of the topper copper company's board II r It was sale of stock to the thc American Amen Ameri can n Metal company that resulted Inthe in inthe inthe the corporations corporation's quick assets reaching reach reach- In ing The report says In part For Tor tho past ast several months your our officers have been carrying on active ac ac- ac tive Negotiations with Copper corporation looking to the settlement of the Nevada litigation The litigation with Nevada Consolidated Consol Consol- f dated Copper company which has been taken over by Copper Cop per corporation began on March 1929 and andis is still pending In addition to our efforts to get this litigation out of the wa way we we have taken up with many other matters such as a contract for concentrating and smelting our ores and furnishIng furnishIng furnish furnish- Ing ng us electric power water and transportation These ions arc are still pending The report shows that the company's com com- pany's property at Kimberly has been maintained in good condition and that the company is In position to o resume operation on short no no- tice |