The Salt Lake herald-Republican. [volume] (Salt Lake City, Utah) 1909-1918, 1910-11-06
COPPER MERGER
WORLD AFFAIR
Cole Ryan, AmaIgamated,
GuggenheimS and Other In
terestS May Yet Unite.

Thomas F. Cole. president of the
Giroux Consolidated, and senior mem
Der OF the firm OF Cole-Ryan. and ].
A Snedaker of Denver. Colo, another
prominent mining man, left Salt Lake
Friday at midnight and went, via the
Oregon Short Line. to Cobre, New,
from which point they will take the
Nevada < Northern 10 Ely, where they
have gone TO inspect the GirOux mine.
While in Salt Lake Mr. Cole did not
proffer TO speak OF the rumoned great
merger OF the big copper interests of
the United States. and probably of the
world
In regard TO this matter the latest
Wall Street Journal says:
Negotiations looking toward COM
binatiOn of the Amalgamated-Co Cole
Ryan and Guggenheim properties
which were started about a year ago,
but temporarily abandoned on account
of the sweeping decision OF the United
States circuit court in the case of the
Standard oil company, are expected to
be resumed before the close of the
year.
Conferences have recently been
held and the question of consolidation
discussed, but II can be stated that
Supreme court has rendered a decision
in the Standard Oil and American To-
baccO cases. If the decisions favor
an amalgamatiOn along the lines pro-
posed. the large copper interests win
be in position TO put their plan into
execution at once.
a more harmonious feeling exists
between the large copper interests and
there viii be fewer obstacles 10 over
come than a year ago"
The Boston News Bureau says on
the subject:
Negotiations looking toward
com binatiOn of Amalgamated-CO Cole
Ryan and Guggenheim properties,
started about a year ago, but tenn
pOrarily abandoned on account of the
sweeping decision of the United States
circuit court in the case of the Stand
ard oil company. are expected 10 be
resumed before the close OF the year.
Conferences have recently been
held ana the question of consolidation
discussed. but nothing definite viii be
done until the Supreme court has rem
dered decision in Standard Oil and
American Tobacco cases.
when the first reports were sent
out that negotiations were on foot
looking forward TO a merger of the
large copper companies. including the
Utah Copper, Amalgamated and Cole
Ryan properties. denial was made. 1t
has since developed that there has
been a conference between the Gug-
genheim. Amalgamated and Cole
Ryan interests, which was temporarily
abandoned. Since the control OF Ne
vada Consolidated was obtained by
the Utah Copper interests. it is said
that the greatest barrier TO the big con-
sOlidati0n has been removed, and that
conferences viii be resumed before
the close of the year.
Eastern advices are that final plans
may be agreed upon after the return
OF Hayden, MacNeiu and Jackling
from the present trip OF inspection to
their various copper properties in the
west.
"Since the agreement was made last
summer in Europe for a curtailment
OF the output of copper, the large in
terests have seen the wisdom of hav-
ing a more friendly working agree
ment. For some time there has been
disposition on the part Of the low
grade producers TO stand alOOf from
the higher cost producers. The cur
tailment agreement has worked so
splendidly that it is said the producers
are now beginning 10 see TIE error of
their way, and are more favorably in
ciined To enter into some merger by
which all interests viii be working in
harmony
There is some local significance in
this move. as il means that Utah Cop
per holdings viii be given prominent
recognition not only because it is the
largest lOw-grade producer in the
country, but by reason OF also being
in control OF Nevada Consolidated. 1t
Is further assured that these interests
holdings are so extensive in other
properties that with the combined
properties they viii be able 10 dictate
their own terms within another year.
1t has been forecast that d. c. Jack
ling viii be rendered the position as
head OF ali operations of these i'm
mense interests, should he be willing
70 accept such a position"