Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1899-01-16
American Copper Mining Company
Working on Worlds Combine.
R0TllSClIlLDS TAKE A HAND
gan nrc Involved iiiniug shares
Advance 20 60 40 Ser Cent.

New YORK. Juu.lb-Inv Herald says
Negotiations looking to the consolida.
ton ~ the copper mining interests u
the United States have been Ia prog.
rcas In this port FOR "a week.
With a rcputcd backing no less pow
crful than that or the Standard OH
Interests the American Copper Min.
INK company, iu To- combination VI
six pianin expect to rcVolutioniEc the
copper mining industry uf the world
IN which the United States already
hsurcH au the chief factor. The Hos
ton q Montana companies. the Oid
Dominion copper company OF Arizona.
ana tho Arcndinn. Tamnrack. and Oa-
ceolu Mining companies OF Michigan
are named az the component parts %
the now organization.
II IN understood that the American
company will reach into Canada and
absorb important copper mines there.
thus making the combination inturna.
uunal. but the calumet q Hccln COM
pany. the largest producer In the Lake
superior region. has 10 FAR declined to
enter the combination.
Disintereutpd nhse -'tHa'' ~ see srp 81.
pns IN oopr-- mining r,oci;a for
lhfs doclatv ,....t tuisH tests,c ua
men have added t5o.OO0.0oO to their
wealth through this channel
The combination springs from the
recent uphcavnl IN copper. Prices
hnN" SCARED to the highest nguro
known. In face OF unprecedented COM
sumption. The employment of clec-
trlcm energy has caused an enormous
demand Tor copper, The European
countries alone last year used 40, 49,.
5t9 pounds. and when II IL considered
that American mines supply most N
the foreign requirements. Ia addition
To home demands the possibilities IN
the copper situation become apparent.
Hints Of consolidation received pub
licity firrt through the protective com.
mlttcc 81 the Boston and Montana
company. Stockholders were asked To
deposit their shares with n lioaton
Trust company In order that they
might be- available for protection
arainHt attacks on the cotnpanyH
property" The matter was Ia charge
Of A. s. nlgclow. head fthe BiTel0w-
clark MINING syndicate u Montana.
sidney Chase. head Of brokerage
iirm. recognized as direct representa-
tivca OF the standard OH company;
Samuel Entermyyt, an attorney for
the standard, and Edward q. Perkins
THIS requeat Tor tho hypothccation of
stocks has all along been regarded NJ
u concentration preparatory TO effccting
tho combination.
The Montana mines are the second
most important In the state. which
heads the list OF copper producing
states. being exceeded In importance
only by the Anaconda mine, owned by
Marcus DAILY and J. ~ Higgins. The
Arcadinn. Tamnrnck and Osceoln
properties nfv In the Hancock ilough-
ton copper belt. In the northern Michi-
gan peninsula, The Arcndlan mine
has not been worked to any great cx-
tent although It's shares advanced. NJ
the mention ~ the consolidation
scheme. from % to ~ points The
Portage Lake district whore the Mlchi-
gan mines Involved are located, II In
the thrnea Of u copper craze that nps
proNimntcn tho Knnlr mania In South
Africa. iirnkora from noston. which
N the American copper exchange. ARE
doing "a rushing business NJ branch Of
fees opened On thv ground, ana people
are buying mining nhnren as fast aH
stock certificates can be- Issued.
I.cwirohn HrothorH % this city. are
credited with being the principal fac
tors In inspiring new Investments In
American copper mines. They have
agents In London and Paris. ana have
encouraged the export trade, They
are said 10 have had their first expert
cncc with copper In an investment In
noston and Montana stock years ago
when no railroad penetrated tho Butte
country. They held the stock for years
and when a railroad finally dld enter
nuttc and the mine could bc operated
with show ~ profit they found a
fortune NJ their command. The lfocke-
Teller Interests. after heavy invest
mentH IN iron ore fields were cncour-
nrcd Ca invest copper mines. with the
result that they bought heavily In the
Michigan district. II II ono Of the per.
aistont rcp0riH ~ the day that tho
Ho;hEchildH have made overturos to
them looking To syndicate control OF
all the copper mines In the world.