The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-12-18
MORE TALK ABOUT
COPPER MERGER
Supreme Court Decisions the
Key for Opening the
Merger Door.
GOOD FEELING is
in COPPER CIRCLES
Producers Learn What Good
Fellows They All Are, De-
spite the Past.

Tho Wall street journal is devotins
considerable space to the plans and pos
si5ilities oil tho copper merger pro
Erammc of The east. about which Il great
deal OF interesting news can bc expected
after the fins, OF the year. The follow :
ing from ,hc Journal viii prove cood read
ing:
White the prospects OF copper con
sclidatiou in tho near future are not
bright, AT he same Tine the copper in
tCTcsts of the country are in a better
position 10 bring about anialsama =
ton than al any time. in years. Recent
cpnic Tcnc"s have UrCule1 "A better un-
drrstandlns, and the result, has been
more stable conditions IN the copper mar
llct.
\ second banquet OF lcuding copper in
icrcstS WAS held recently. with pracu-
cally all tho leading copper mines, sell
Ing agencies, cSr., represented. Cues
tions of Interest to tho copper trade were
discussed. and the keynote OF the con-
ference was continued harmonious rcla-
tons of the copper producing companies.
M definite plans looking toward com
Diuatiou al copper companies have been
taken up Tor consideration. This may
como af,cr the supreme court has rem
Gcrcd It's decision in the standard OF
anu American Tobacco cases. When IN"
Inatter does come ny f"r consideration the
nulIlCa:ua;ion viii be facilitated by a bet
ter understanding Dajwcen the rcprescn-
iuivc COPPER people.
TiIpmas W. Lamont. who cutters the
nr.n OF j. l.. Morgan .N 60. on January
]. is thoroughly familiar with tho cop-
per conditions OF the country lie was
one OF the factors In the recent attempt
10 bring about merger OF The Amalca-
mated. GUggcnhCiD. Cole Ryan and other
properties. II J. T.. Morgan & Co. de-
eide 80 again father tho proposed copper
mrrser II is likely that Mr. Lamont will
con1uc; the negotiations for the banking
i.Iu,.
Tho shares OF the various copper com
Iun.cs arc selling considerably below the
level recorded al the time II was believed
= copper merger could be brought about
I.atei above 90. Nevada CONSOLIDATED
above So and Anaconda around 10. There
n4S t"g1 al average dcclin. from the
high figures OF about 30 per cent. Ac-
ooed.n2 20 one producer il will be easier
"a determine 4 basis OF exchange al The
present level than the high level reached
i'cfore the standard on decision caused
a poSiponemcn, OF the negotiations. The
Anoco1Oa Copper company VIII probably
be- uSei as a basis Tor the merger.
N'.tc the copper sitU5t tion at the pres
cnt time cannot bc called promising. the
industry IS resting on a more solid foun-
dation. Producers seem disposed To keep
production within the limits OF consump-
ton. and prevent price decentralization.
Since the agreement OF the large copper
interests 10 cur;ail copper production 10
per cent was Tenchod there has been "A
strengthening OF confidence among pro-
ducers as well as consumers. The CON
sumer can now buy copper with the feel
ing that his competitor week or so
later is not going TO be able To pur-
chase his metal n Il much lower figure.
While tho earnings of the various cop
pcr companies have been reduced as
result Of Il smaller copper output this
shrinkage would have come anyway. as
l3-cont market would have been i'm
possible With the mines operating 10 their
full capacity.