Show I I V 4 PRELIMINARY STEPS 1 i FOR FDA ANOTHER MERGER MEROE fJ Butte ulc Preparations J E j rot or or of ui 11 the Cl I 7 Producers of lIc New ew YOI Jm Jan steps t I wro ro taken today to effect tim tho long mer cr of the prIncipal cop C 4 per producers of the tho country Into ono gigantic j In Wall all another 0 company compan was frequently mentioned but butI final I k thu tho more believed Ir t capitalization would bo closer to i J js 11 I The Anaconda Copper Mining corn cam camp p n ny announced d lato this aft arl arlI moon that the hoard oard of directors yes cs i 1 I dec cd to t t special meet meetIng Ing of stoc In Anaconda Mont Monton I 1 on March 23 3 to pals on a proposal to t I Increase tile the capital tram from to for tho purpose of 1 acquiring the property of other compa companIes ales nIes located In tho Butte district I I The mul Clopper company 11 owns 53 00 per cent of oC tile the Anaconda stock Ii t Following the tho merger of oC the Butte properties which include the Ama 1 mated Copper Cappel company acid Itc various arlous Copper corn eom pan pony Boston Montana Butte 4 Washoe Trenton and amI other iJ the North Butte and LInd andI I Butte It Is l that the th new Anaconda with Its Increased j capital of will merge with If the GU Guggenheim ann and other cop copper copi i per interests The corporation thus ii will control not OM the cop copper copper per output of the United States but butwill butwill will Influence the copper cappel maket of oC the ivorid I With the merger of oC the Butte proper properties tie ties and tho recent merger merser of oC the GUg GUggenheim genheim copper cappel interests It Is now ex cx I In financial circles that the I Eutte and Guggenheim Interests will consolidate and tho result wilt will be one 1 corporation controlling r the entire copper output of oC the United States and Influencing the worlds market IA Y I i The merger of oC the Butte properties f will Include the Amalgamated Copper ti company Anaconda Copper company 19 Boston Montana Butte Boston r ash and other JI of oC the Amalgamated copper companies j the North Butte and the Butte Coalition i lion tion 1 The Amalgamated formerly about 55 per cent or of the Anaconda H stock but Is believed to havo hao gl ally Increased Its holdings since the merger meISer J has been under wa way I The Amalgamated owns all of the f I stock of the Boston and Montana and F Butte and London Loudon The Tho Butte Coalition and North Butte properties are aro re regarded as Cole Ran properties In Wall Vall street It Is common commonly un on II John D Ryan Ran wi will heat head th thI the thel 31 amalgamation I This l copper 11 I amalgamation I n r include it rl is said 4 E the Guggenheim Haggin ant and Cole ColeRan i Ryan Ran properties ad and tho S Copper Interests J 3 P Morgan Co CoI I wJ wili promote the consolidation I I was ivas Announced of cl o that a 1 I special of oC th the stockholders of at atthe the Anaconda Mining company ho had 3 It been caled called for March arch 23 3 to vote ote upon n a proposition to Increase the capital capitalI I 1 1 stock or of the tho company from to It shares or oC 25 pr par value alue J j STATE STATEMENT NT IS ISSUED 1 1 ConcerninG Concerning the plan to merge the various arlous copper properties In the Butte distrct the Amalgamated Copper om corn t r pany In a statement says sas The reasons fo for the proposed In Increase increase crease In stock involve consIderation cf r L t difficult and complicated legal eal ques as wel well D as thor those relating to the I I economical and efficient management t of oC business operations of oC the different k campa companies What I Is known as the law of apex i J or the right to Cotow follow a vein on I its s lip dip be beyond ond the surface lines I of oC mining elams claims Prevails In Montana I L l g and has given rIse to malY many I In connection wih with the oper in tl the Butte t td d district I t Mining g claims f of c the Anaconda Cop 1 I ver Iler Mining company compan and of the ether ther etherI I companies affected b by this plan are al all allI I 1 1 I I locate located within n a comparatively I scribe scribed area and are arc contiguous end nt I J so close closely and nd inextricably interlaced I as to male make almost impossible the Sf sag I 1 rogation of ownership of oC underground l are oi e bodle I 1 I Some of oC the operating features con In favoring thu tho trans trana transactIon i acton actIon arc economies which wi will I from tron working ni nil the mines In accord h mcc with a general stel of oC dove develop lop i ment thus relieving owners from the 1 necessity of maintaining numerous cx I pensive surface and underground I f plants necessary under present of oC separate ownership 4 I I The Thc Anaconda company because of oC Is its size and is Its location I Is I as the company to become the I purchaser of oC the properties of at the other the companies hence thI the step to cal call a special meeting which was as the first filst to towards wards submitting the mator matter to stock stockholder stockholders holder holders of different companies for their consideration ton tonn n It Is not Ikel likely that ni all of oC the In Increase Increase crease of stock I if authorized wi will be ft used lcd at present for tor carrying out this plan I MORE STOCKS E Mason Vu Volley 1 e GOC Loner Loer on Oil Leal Local I Mining Exchange There here was a general weakness In the 1 market today that sent some of the th stocks down to lower leel In QuIck 1 time Many stocks held their own an were vere fairly strong but none L lIel heavy alvance advances The rhe total number of oC i shares disposed of at today wa was for 1 which a I is declared the brokers were compelled to Jy pay out tW I Colorado shOWed but little Interest In Inthe Inthe the market today Id and the tho tow few rles that were wele made mado nt at 77 cents Co Ce umbus Consolidated showed loJe un Im provement over oer yesterday Iron Bios Dlos sorn came out as tho strongest stock on the tho market toay today I It brought to 85 cents Vale Valley hit the tho toboggan hard and dropped from to More ore interest W was developed In the curb market where the following ivere the tho sales made this morning One thou thousand sand shares or of at 57 cent cents seller 30 d days s tOO 00 shares at i iS cents buyer buer CO COdas O days das Greenhorn wa was disposed of oC at 41 cents for tor 8 shares share Ind and ZO shares or Federal EI Ely sold for tor 17 cents QUOTATIONS 1 Forenoon I Afternoon I I II II I Dd Bid d Addle Addie 02 I IBeck Beck TunI run 1 13 I 1 i 1 14 I HIG Big Hi 02 I ing Bing AinalI 14 1 16 1 H 71 IG Back Black Jack I lOti 1 11 I 10 21 1 1 11 Bulock Bullock I 01 I 0 02 I Ol 01 Camp Bird 1 1 O 00 Call I 1 50 50 I 1 51 Cedar I 03 01 Century 1 1 Oi 10 Colorado 1 76 70 76 I Columbus 77 7 I 79 70 I 81 C Mercur I 1 15 Crown 0 05 I 06 Daly 4 60 E B C 01 I 01 I OH OHE E T Con 01 1 02 O t I 01 02 E T P De Dew 06 06 00 06 E T G KI IC I 01 I IE I E B 20 I 2 I 1 20 25 Grand Cent Cent I 1 I 1 l il 02 03 I 02 I 0 05 lad Ind Queen I 02 I 02 I 02 Ingot OO 01 Int P O 0 DI Inyo Oi 07 I 1 07 Iron BIOS 84 86 85 II Ir I K Con 12 1 12 Joe Bower Bowers 01 O 02 01 Keystone 25 25 King David 10 33 Kin King Wm m Hi Itt Del Bell 10 Lit Clet Chief 45 46 Lion HIl Hill HillL 07 L am 49 2 50 49 50 Majestic 90 90 Maj Evans Eans OO 00 Mason Val Vol 2124 May Da Day 16 15 lS IS H 2 18 Mm ln 01 01 Mt Le Loke 05 0 05 05 05 r lt L Ext 01 Nov Brt lInt 35 50 35 5 50 Ne e His Hills 65 G 6 Now York 09 05 OS 08 09 North 01 Ohio CoP 6 45 Pioche 21 0 01 I OT 07 04 01 05 Prince C 93 90 9 01 Provo OG 00 Oi 07 OiS S Shield 1 li Sacramento O 02 Sliver KinS King Scot Chief ChiefS S Troughs OS 00 09 Sioux Con Can 3 34 S C Con Can Oi 09 S I BIos Dlos OO Swansea C 03 Ot f Swan Swansea sea E ETin 01 Tin Cent OS 08 Tn Tin Comb 02 7 03 Tin Empire 02 02 Uncle Sm Sam 45 46 Utah Con Can 04 OH Victor Con Cen 05 0 03 f Victoria West Vest New IS 21 I IYan Van Yan Con 05 10 j Yel Yer Cop 04 UNLISTED STOCKS McDonald cDonald E Ely 1 40 86 56 50 Tintic Standard 1 to 06 Greenhorn 04 04 Golden Chain ChainS S T Flor Fior M 1 L LB OS B Central Standard J FORENOON SALES Colorado at 77 Columbus 1000 at 7 77 10 at 78 East Tintic Con Can 1000 at 1 Indian Queen 1000 at 3 buyer buer 60 Iron Blossom at 85 seler seller 60 at 86 20 at 86 56 seler seller GO 60 at 85 at 84 seler seller CO 60 Mason allon Vale Valley at at Ii at buyer 6 50 at 0 at New York at SI 8 Seven Seen Troughs at 8 84 Silver Kin King 30 at Sioux Con Can 1100 at 34 1000 at 33 soler seller 60 Tintic Central 00 at S Tintic Combination 1000 at 2 l Tintic Inte Empire 1000 at 2 OPEN BOARD DOARD Colorato Colorado 30 at 76 Indian Queen 50 at 2 24 f fIrn Irn Iron Bosom at 85 New York 1000 at S 8 Sioux Con Can at 34 24 Tintic Combination 1000 Utah Con Can at 4 RECAPITULATION Shares Amount Regular cal call 5 OJen Open board Totals 1960 SALES Deck Beck Tunnel at 15 1000 at 1 Colorado at 77 60 50 at s i Columbus at 80 at Si 81 at 79 At SO 80 SOE i H E Tin In De 1000 at G 6 1000 at I G 6 v buyer 60 Grand Central at buyer buer 30 20 at bler buyer 30 at 1 85 nt at buyer 60 at IJ seller 60 Indian Queen at 2 Iron Bossom Blossom 1000 at SI 85 at S 83 seler seller 60 Mason lason Valley at at Y Nevada Hil HilLs at 64 Nei ew York 1000 at S S Ohio Copper at 4 45 buyer 60 I 00 at I at ut at BOSTON COPPER Boston Boton Mass Jan Cop per wa vas raided on the stok exchange today and nd slumped to GO 60 a drop dror of Lat Saturday the stock sold at H When the stock touched 69 at al noon stop IO H orders were und within an hour It sagged to GO 60 recover nl In ing later to 61 61 Calumet anti and Arizona Arizona G h t Ci and North Lake 2 to 11 Ii The rest est I of oC the market markt WiS was unsettled |