Business & Finance: Ansonia

"The management of the company and its predecessors has been in the hands of the same interests for over three generations. The stock which is now offered, represents the first public offering of any sizeable amount of stock. . . ." This announcement, probably unique in the records of the copper industry, was made last week by Phelps Dodge Corp. when a syndicate offered the public 200,000 new shares (10% of authorized and issued capital stock) which had been bought from British holders. Outstanding points of the Phelps Dodge record:

Ownership. The Phelps Dodge...

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