Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1908-04-30
NO MERGER NOW
SAYS M'NE|LL
President of Utah Copper Decid-
eddy Opposed to Union With
Nevada Mines.
Big ENOUGH TO STAND ALONE
Charles Hayden, the Boston Broker
In Hearty Accord-At
Garfield To-day

That there viii be no merger OF the
Utah Copper company with the Ne
vada Consolidated and other Ely cop-
per enterprises at present dominated
by the Guggenhcims was plainly indi-
Gated today by Charles NJ. MacNeIll.
president of the first named corpora
ton. who arrived in the city last night
from Colorado Springs. But what he
had TO say was nothing more than re-
iteration of statement given to the
public at about the time Of the annual
meeting of shareholders which was held
at Jersey city earlier in the year.
we have no plans i'm view said Mr.
MacNeill, looking towards a consolida-
ton of the Utah Copper with amy other
similar enterprise. Utah Copper is big
enough to stand OH its own bottom and
when | make this statement, ! believe
] express the opinion of a majority, if
not all members Of the board of d.
rectors. We are in the business OF
manufacturing copper and working to
the best interests of all shareholders Of
the company and not engaged in stock
speculative enterprises. There is no
logical reason why the Utah Copper
should participate in any merger
scheme proposed up to this time. That
just about covers the situation"
Mr.. MacNelll was then asked for an
expression on the outlook for copper in
the future. II would say" said he,
that the outlook for copper has never
been brighter than it is at the present
time There has been a very decided
increase in the demand for the metal
during the past two weeks for both do
nestle and foreign consumption, which
is very good indication of the trend
of events, especially as 1T applies to cop
per-
Mr. MacNeill was accompanied from
Colorado by Charles Hayden of the well
known brokerage firm OF Hayden,
Stone & Co, of Boston, Lyon Gardener,
a business associate Of the latter, and
William b. Thompson. also of Boston.
General Manager ID. {. lacking of the
Utah Copper went over to Colorado
Springs last week and accompanied the
party over the Rockies.
Mr. Hayden Is in perfect accord
with President MacNeill as regards
the much talked of Nevada Utah
merger and likewise holds very optim-
istic views about copper. This Is an
age OF copper he declared, and as
the Industrial situation gradually adj
1usis itself the market for the metal
will improve"
The visitors went out to the Gar
field mill of the Utah Copper COM
pany as the guests of General Man
ager Jackling today. Tomorrow they
will visit the mine in Bingham and
on Saturday leave for the west Mr..
Hayden goes direct to Goldheld to
inspect the Goldfeld Con, in which
his firm became a heavy shareholder
on the advice of Engineer a. Chester
Beatty. From Goldfield a trip VIII
he made by automobile to Ely and
after familiarizing himself further
with conditions at the big copper pro-
perries they will proceed homewlrd.
Mr.. Thompson will stop of on the
way at Wabuska, and thence to Yer
ington, where he viii look after in
vestments, being interested in the
Mason City townsite, and also large
shareholder in the Mason Valley mine.
Messrs. MacNeill and lacking go
With the party as far as Hazen, New.
from. which point they will proceed
TO California, stopping long enough in
San Francisco to see the big battle
ship feet sail through the Golden
Gate.