Ogden Standard-Examiner | 1922-12-02 | Page 6 | Anaconda May Buy Chile Copper Stock

00 ANACONDA MAY BUY I CHILE POPPER STOCK NEW YukK, Dec. 2 A persistent report that the Anaconda Copper Mln-In,' Mln-In,' company is negotiating to accjulro tne' Guggenheim stock in tho Chile Copper company, which cropped up recently, was revived Friday in Wall street, but officials of tho Anaconda refused either to confirm or deny It. The report waa that the deal was almost al-most completed except for arrangement arrange-ment of details of payment In cash and In a new series of convertible bonds Junior to Anaconda series ' A Sixes" and series "B sevens." The price said to be arrived at was slightly slight-ly under $35 a share. The amount of Chile stock to be ln-olve-d in the transaction was 2.200 -OOu shares. The Chile mines are reported re-ported to bo producing 14.000,000 pounds a year at a cost of slightly over six cents a pound with Interest in tho company's bonds amounting to , about two cents a pound.