Show M MT MINING I 1 t i m l i IS T 1 I W t lH m N i T G IT VJ the fhe News New Quotations Camps Camp From and All All' AI on STOCKS k TW f i I I f 0 ff VT I C f K 14 S With From Prices the Leading Lading Hashed Latest J I MARKET S R K j I COPPER mm MERGERS t i 75 15 PER PR CENT CENTi i OF ot OUTPUT IN U. U S. S For at a. a a year ear some ome of ot the market operators havo have Len been ben predicting a a mammoth mammoth mammoth mam mam- moth merger of or tho large large- copper proper proper- ties tes It I has been ben understood that this thie merger was as to Include tho the low grade Jrade porphyries and tho deeper mines which IU are re developed d through shafts hal AU All tho claims of ot consolidation have ha come from market traders while hIO tho largo larso Interests in the lake lako properties Butte Bute Arizona Arizona and Nevada Ne adl companies have contended that an amalgamation was entirely out of the question One of tho the principal reasons given Jl en for tor this view vew Is Ia that that the interests were so eo 10 varied vArle that tha It would be he Impossible to satisfy nfl all al concerned and that such euch a R gigantic undertaking would require s sty sty- veral v- v eral erI 3 years to consummate Recently much Interest has hai he been heen n manifested man man- In the operation of ot selling 8 agen agen- en- en cies eles White While hia it I has hu been ben mado clear that there I la not even en c an Rn n understanding Rmon among th the lr large e agencies as RI to lo the marketing mar mar- mor- mor of copper the th agreement a as 3 to curtailment of or output last July uly appears to have hax-e made the wa way easier for an agreement aa as to the market of the re refined refined re- re fined met metal l. l Th Th porphyry mino operators operators operators opera opera- tors are reported pred to have hl e the best of the tho selling business at this time and the owners owner of other mines mine which have hEn been holding their copper stock have havo 0 been called caled the tho umbrella copper men The porphyry copper miners rl have been bren bien selling their output a as fast falt as it I could be com com- nl and Ind the greater reater portion porton of th the surplus Ito stock k In this country countr Is credited cred cred- to th the th United Metal Selm Selling agency known knon as a Standard OH on concern Tho The H a agencies have ha gradually All 1 ally been getting ellna a a stronger footing In Inthe th the European markets due in a measure to t the fact tact that they have b been en under- under Felling competitors The eastern easter dis dispatches clIs- clIs ll- ll patches at this time carry the gratifyIng gratifying gratify gratify- in ing Information that there I is It an improve improve- rn nt In Jn the market prices of copper metal curl and that all ati the a agencies record an n ad advance nc in price The events e of last year ar would c give I e R adequate basis for forthe the conclusion that tha a gigantic round- round to b he made ut or copper properties was as hI The attention of ot copper Interests has beep been brought to the tho rec recent nt purchases purchase of a number eT of Iak properties b by the calumet 1 and JUd Heels Hecla 0 Every Even one I is familiar with Ith what that the thE Amalgamated amsted Copper company has acquired in Butte Bute and Just a year eR absorbed ago thA th Utah Copper company 3 0 th Boston Roston C Consolidated and later ac- ac control of Nevada Consolidated Th The Th n nAY flay y took tk over o er the th GUa Gna Ph Phelps Phelp lp absorbed a of at properties prop Do Dodge I Co number their hl hi mines mine In Ari An- zona Tho The shares of or this consolidation were placed at and aud a a mero merger r rf of ot several veral prop properties was WAR WAi consummated in tn the I neighborhood of or Arl Ariz Aniz An Anam am amazing r In tn b be considered I Is that th the tho properties affected b by these mergers h have t a combined production of I rounds annually or i 75 pr per r cent cant of ot the the fotTI the United of all al the mines in t f. f While it a t would appear that tha these producers prou pro pro- u r are Ip now non In iii th the th bonds of Interest Interests Inter Inter- Ct est ests that cnn can perfect more mor have been hen done dono a y ar NII easily than could hR 1 conc a. a J ann ro n. there ther Is no lk likelihood of ot anything being done until the court nl j-nl- 11 Tobacco ind nd nd the Inga on tIm tho American th 01 Oil cases h have b been n h handed npr lown The control of th the m market appears ap ap- ap- ap effected through h he be easily pears sra to more thru a 3 central selling A agency nC I |