The bold and successful policy pursued by the Anaconda Copper Co. in taking over Chile Copper has obviously been watched closely and admiringly by other producers and refiners of the red metal. Now the Calumet and Hecla Copper Mining Co. has initiated a merger of its own, which has been agreed upon by the officers of four smaller concerns whose absorption is planned. The new company will have an authorized capital of 2,500,000 shares of $25 each, of which 2,005,502 shares will be distributed to stockholders of the five merging companies. The four...
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