| Show MR E GALLS CALLS A HALT MALI HALT Negotiations for a Consolidation Of Utah Copper Mines Interrupted WANTS SOME INFORMATION I i I I do doI I I I COI oJ ir ia g II mis Afternoon The fhe News Newa wae mIl In receipt of ot a ames nice mes sage page from room Boston today toda to the effect that negotiations which have hae been pending for some cone time to bring about n a of and other oilier oft off Utah copper coper a and 1111 had wen been called Another loth r story sent ent out Indicated that there had been beel some Borne hitch In tho the pro proceedings but Urn tiia Ul time the halt was thought to bo be only emily ani temporary rr U It I was wims IUS told from the tho same mp source that Mr New house e had hat d thu people ho desired d to know more morl about tho the true truo value of tOme the Utah Copper mine which It has imas been said paid Mil was to tn hive have been bl turned Into the combine on n the tho basis of or M 10 O n a 1 chare while 40 O a a chore chare him hUK boon bean talked for lor the time Boston Con t Mr Ir e was seen neon leen by ly a n News representative thin afternoon nail asked If Ir the reports from Boston lofton had any found In fact tact I cum can cal not say sQ saul said lall Mr Ir that has negotiations for lor a have huu been off ot However they have hiI boon postponed I think the ito lioti 1101 Is summed Hummell up UI about as ax near right an al I 1 eta can tell tel It In iii II it r I message sent over oel the time Pollock wires wh ime s during the day lIY In response to tD a request for lor a 1 statement mite to the tho lo ton Newt News Bureau lureau Here Mr Ir produced a I copy of thu sent oust cast which Is as all follows NI STATEMENT m T The Time two great strikes recently recent made In tnt the time Boston mine amIne mint which adds enor enormous enormous IOU tonnage lo to our sulphide ore re reserves serves nerves s changes conditions materially so 10 In my mimy Iy opinion ns as lS to make the basis of ot consolidation Inequitable anti and 1111 unfair to the shareholders of or the tho Boston Consoli Consol dated date 1 and as M time the agreement hue bus Ina not yet et been by b all 11 of ot the parties concerned and a nc new nell conditions upon I ns 1 I feel teel we have the time right to tern tem temporarily tel postpone tho time negotiations Wo Wu j nine 11 0 fe I that hit w K holl satisfy our ourel el n by b examination of ot the Utah Cop Copper per properties whether time the price used fur for Its I hi shares In the consol agreement IB is Just and amal ald fair to t the stockholders of ot the time Boston Consol Con ol company In view of ot the changed timid greatly Improved condition of ot 1 it mines since I 1 won In Ni w York and dis discussed cussed a I consolidation of Interests I am urn not mint tot able alle to say na n If tho the consoli dation aton will wi be w made or not continued Mr Ir That remains to be he seen Heen |
