Show I I U luAU AU COPPE WANTS I BOSTON CON GROUND is s ASTERN ADVICES We understand that negotiations have hav havea a again ain been opened in a tentative way t to brin bring about an absorption of the tho Boston Boston Bos Boa ton Consolidated Copper property by th the Utah Copper company says News i Bu Bu- reau So far fr these thesE negotiations have ha-e no not gone one beyond an informal suggestion tion o othe on fl the part of largo large larlO interests interest sUJ in both corn com com com- panics S. S The question has not gone one before bo be- queston tor fore either board Tho Th Boston Consolidated people appreciate appreciate ap ap- ap- ap th tho advantages es of such suCh a consolidation con con- and would probably readily accept terms on the basis of two wo shares share of Boston Consolidated for one of Utah while the thE Utah Copper people are no not inclined to consider better beter terms term's a at present prEsent than three for one The result I will wi probably be a compromise o on th tho i ba basis is of two and one-half one for one i One leadin leading interest in Boston Consol Consol- Consolidate Consolidated I says While the subject ha has baa never nevor been bern before the Boston Boston Consol Consoli- Consol dated board I understand that it ha has been heen under consideration b by prominent interests in in both hoth companies compani s. s i along alon this thi line liM will wi be he hf officially considered consid consid- ered erd however until the return from South America of out our consulting eu engineer engi i neer fleer Sidney Jennings s. s I J think it is generally gen gen- n orally appreciated that these two properties properties prop prop- ertie's shot should d be together as both loth coulbo could coul be bo worked to greater advantage under one ne tana management eme t and in my opinion i it itis t is 18 only a question of time when they wilbe will wil willbe be consolidated A Utah Copper man says It I i is n no DO secret that the management of the Utah Uta Copper company would like fo to get et the th the Boston Consolidated for they the appreciate the resulting advantages es which would accrue to the stockholders stockholders' rR of each com corn r 1 fly Tho Boston Consolidated people h have known f for r some me ti time t the price rat a at which the Utah Copper people would b be willing to renew negotiations An absorption of Boston Consolidated by the Utah Copper opper company would woul make the latter latEr company one ono of th the leadin leading copper producers producers' in the tho worldOn world On the basis of a two and one half fo foone for forone forone one exchange the Utah company would have about shares of stock an anas and andas as a against this capitalization would have a a mill mi capacity of tons o of ore per day and a possible copper production production pro pro- of of pounds per annum annum annum an an- num from this mill mi capacity while i it i would have ha e ore are reserves resents of tons in the combined Bin Bingham ham porphyry deposits |