New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-05-05
FAILURE OF TIE COPPER CONFERENCE.
! PROPOSITION FROM RIO TINTo TO WHICH The
AMERICANS WOULD NOT AGREE

PROPOSITION FROM RIO TINTO TO WHICH The
AMERICANS WOULD NOT AGREE.
BQofon, May a" The Herald today has a cable
aspatch from Paris the failure OF the Copper Con
ference confirming dispatches this effect that have
appeared within day or TWO. The amour, OF COPPER
held for money sdvs the SYNDICATE amounts 70
1'o,ooo tons. 100000 tons Of which Is in Pa1, and
The balance in London. The Pars holders or conner
are The BANK OF France, 10000 tons the ROtss,Ll,
$1,000 IONS; the Banlue d. Par, p. de- Paws Pas
2oooo tons Baron HrsCh, 20 900 tons and the Credit
fohcier 10000 tons. Barring Brothers are the lsrg.s,
IhsHeh hoiders. The Rio Tint Company Insist d
that the American mines should send only twentv ner
cent oi theH surplus copper 10 Europe a propo,!tioD
that Colonel lvermore, rpresenrtnc the CIur,, AMI
hecIs company, would not agree TO. The corlesooo
dent says
The conference has failed to arrive at any arrement
written or verbal. and broken VI WIthpuI Mn
price. The American Committee. have LETT parls It
morrow SATURDAY the steamer ser,Ia ana tD
morrow BY the TINE this message l. printed Coutfr
Wiz Ce put on the open marhet AID BE- sold for Mat
VIII Dr1rg. AT the meetings Of the conference
WHICH wer neid daily three or four tinrs day six
I1Sniltee; consisting OF Colonel livermore, Mes>r>
hOggins. LewiSUhn, ABBOTT and hceUck then iha
soceje des MctsUx; ~ EDMOND M5rcag and NJ
NrhOuIi, the Offclal hIUiGatOrS. Baron EOlh,Chnd
nstOn h>ch two directors of the Bank of France,
one director Of tie BsuQue Dr. Paris ct del Pay Bss
Mr Doetch, Of London, manager Of the Rio Tlnto
MINI Mr. Mason, Of London Of the Mason x Larry
brokers 49, "
Finally, after days of proftless discussion ard some
ps.h LAX oIOncl LirermOrc drew up a prupOsitiOa
shiCh the Bdnk OF France directors Recommended for
awe he proposition was. In brief. TIA; the
,.hs re OF copper be liked al A. pounds per ton
sIa INA committee be appointed To determine whd;
proportion OF tbs $1,000 now IN hand shah b"
,ssui%Iy placed IN TIE market and what proportion
" me future product from American am English
800, miles, tAr mines a.ree ne to cGrtal tLelr
output accordingly. This Agreement va, 20 hold for
- mon'hs' at the end Of which time IL could be
,eneo u II proved satisfactory. and II not salts
.er.ory the pa";lrs concerned 10 meet again
accepted and ordered bc engr0ssed for signature
A. iNhChH!eh desired that. when enSroSsed. the
,S oent be sent 10 the Earrings, London secure
a.. shsA Signatures. and then be returned to Parts
p"r Ihe French signatures.
MS ms Wa agreed and the meeting dissolved,
..so"oy al any rAtr tie Americans. suppOslns the
Ins Si settled. The American committee, returned 10
IT, await the arrival OF the grOs ed doe umrnr
po.sseb Sa but the document did not arrive. Mr..
ana 49, ue RIO Unto Company had refused ~ sign.
nos,.sS trhchmeH refused their signatures II Mr.
P,an, rhsh on, which he did various preteXfs
.OioheI LvermOre. who letr H. Parts To
n..,.nt"' se Americans ha! a meeting with Mr.
r,s,,, VINO insisted upon the Rio TirtO proposition
0"7u aooVe. and remained obstinate