The Telegraph-courier. [volume] (Kenosha, Wis.) 1888-1946, 1921-10-27
American Brass and Ana
cOnda Copper Said to be
Planning Union.
NOT DENIED HERE
Effect of Proposed Merger on
KenOsha Plant Is Not Even
Guessed at Here.

Business circles in Kenosha werA
considerably stirred today by report
from the east that plans were being
completed for merger of the busl-
nesses of the Am erican Brass company,
which has one of it's largest plants IN
Kenosha, and the Anaconda Copper
Mining company. The reports from the
east said that the negotiations were
now "well advanced" and that the com
pletion of them avaited only presenta-
ton to the stockholders or the TWO
companies.
81 cannot say anything in regard to
this matter" said Clark N. Judd, N
charge of the big plant of the American
Brass company in Kenosha. L nave
heard of this report, but II 1t is one
which is worthy of consideration, the
facts have not S yet been brought to
us at Kenosha. I-would not deny nor
affirm anything that has been sald' Tor
I do not know"
"Do you think that there Is posi-
bilitv of such merger?" Mr.. Judd was
asked
81 have heard considerable about 1t
and I have no way of denying 1t, ne
suggested as he closed the interview
Unites Worlds Great Companies.
Local men would not discuss what
nrobabIe effect the merger would have
on the plant in Kenosha. The message
which comes from Boston will be OF
great interest to the business men OF
Kenosha. 1t says:
although at this writing official con-
firmation is lacking, We are informed
that very important negotiations be-
tween the Anaconda Copper Mining
Co. and the American Brass Co., are
we'll advanced and await presentation
to stockholders. Charles f. BROKER.
chairman of the board of directors OF
the American Brass company and for
many years its president and guiding
genius. was asked if there was any
truth in the rumor that Anaconda had
purchased control. He replied briefly.
TT is not true
-"Were the Anaconda Copper company
to secure an interest, large or small
in the American Brass company, It
would not be the big copper producing
company's first venture in the fabri-
eating business. Three years ago it
built big wire mill at Great Falls.
Mont. which has been a conspicuous
success. The American Brass company
has long been the largest single con
sumner of copper in the world and its.
financial operation has been conducted
! Al
During the seven years, 1914 to 1920
inclusive, the company earned SCI, $780,
900 for its $4,000 900 stock. and this
was after charging 600 to de-
preciation. Less than one-third Of the
company's earnings in this period were
paid out in dividends and on December
81, 1920, the profit and loss surplus
stood at $24 100000.
During the seven-year period, there
was over $25,O0O,00O expended for i'm
provements. only s7,000,0O0 of which
was capitalized. On December 31st
last the companv's inventory account
stood at $16,282 900, but against it the
company was not borrowing a dollar.
and furthermore, had reduced its cur
rent accounts payable from S2,698,00O
in the previous year, to $685., 900 at the
close of 1920. and this was the only
current liability on the company's
books. American Brass shares have
been conspicuously strong in the out
side market during the past week un-
der persistent buying from Hartford
and Mew York. As high as 5000 share
was paid on Thursday for the stock
representing an advance of about 10
points in little over week" /