Show U UTAH HOLDS MEETING G. G I New Stock Stok Ib for Increased Cost Cott Cot of GIC Great lt Plant A special meeting of ot tho the stockholders ers Clo of the Utah Copper company was a hold held In New York ye yesterday to lo ratify President Charles M. M MacNeil MacNei's is i's pro iwo proposition position to increase the capital stock of or the tint company shares share mal making the total capitalization shared General Manager D. D C. C Jacl Jackling Ing of or orthis this city attended the meeting and wired at Its it clo close e that he would start l lost lai t night night- According to plans outlined by hy Mr MacNeill It it Is tho the Intention to pro prorate prorate rate rte Thu Jho new Issue of or stock among the lie present shareholders at tho tim rate of or 25 a share shar and It is expected that thal it will wi be he taken up by them The T sale of or this stock will wU bring brins into the treasury of of tho the company The fact has developed that the thc needs more moro to tn con com I pl tho new n Garfield mill and nd po power plant In the original calculations the power plant was not figured in It I being beIng beIng be be- ing contemplated by the management at tho time that other othor arrangements would bo be made made- for the power necessary 1 I sr sary to operate operate- tho the big bi mill mi Lter Later however it i was decided that it i would woul be he to to the tho company to tomake tomake tomake make Its Is own po er so s an additional c expense Jense of or about was wa in in- in Cu ri Earl Early last year tho the stockholders er agreed to a bond isue IssueS issue the tho bon bonds 8 being convertible convertible- into stoel But this hula sum under the tho new plans was found insufficient to lo round out the en enterprise I |