New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-01-08
PARIS.
REPORTED ATTEMPT TO CONTROL
49,. WORLDS COPPER OUTPUT.
LITTLE FEAR OF AN UPRISING OF ROYAL
i 81 IsTs-DEsIRE TO END TROUBLES
I ~ With ENGLAND.

LITTLE FEAR OF AN tPKlSlNI or hoi Ar
: - Isrs-pEsIRE TO END TROUBLES
f1s WITH ENGLAND.
.Ii Icy CABLE TO THE TRIBuNE.l
paris Ian 1-Considerable credence has been
attached i'm Paris which is the most active mar
vol In Europe for refined copper, to reports that
Messrs Rothschild. who have large interests In
Spanish Rio Tintos and other copper mines. were
disposed to enter into communication with the
Standard Oil Trust to secure control OF the prin-
cipal copper-producing mines of the world. Inc
price of standard copper in the last Twelve
months has advanced S45 a ton. and on the
Paris Bourse yesterday and to-day there was
sudden rise of. from So to 81 in quotations OF
standard copper and leading copper producing
mines The alleged movements which accord
ing to cable accounts published here, are being
made in the United States in regard to amaisa-
mating copper interests are being watched in
Paris with the greatest interest. prominent
f,nancier. who is considered the highest author
ity in France matters pertaining TO the cop
per market being questioned by The Tribune's
correspondent last evening on the subject said:
The Rothschilds are believed to have IN
creased their holdings Of copper securities re-
Gently. but there is no probability whatever OF
their using their influence to further the alleged
copper combine and ii is safe to say that the
Rothschids together with all French copper in
teyests would do all they could to oppose any
n,ovement like that of the famous Secretan
copper corner. which had such disastrous re-
action in Paris some ten years ago. II. how
ever, the present movement In the United States
is merely 10 regulate the supply on the same
lines as those which the Standard Oil people
have treated petroleum. and not aiming at COR
ariga &c hQl hat no
market here would favor and perhaps cooper
ate with IL.
There is an unusual demand now for the
rurest electrolytic copper for electrical con-
struction work The worlds supply of this
terial for 1897 was only 10000 tons. Of which
10000 tons came from America. The present
price of standard copper. $500 a ton of LAO
mounds Is considered remunerative and salts
factory TO producers. and if maintained is likely
90 bring numerous partially developed or silent
mines which exist in Tasmania. Norway and all
over the world into the list OF producers and
thereby cheaper the price of copper. These
considerations are sufficient to prevent clear
headed capitalists whether in France or the
United States. from attempting 10 push any
ama,gamation schemes 10 point which would
cause a corner or monopoly.
The sensational predictions regarding Bona
par;ist or Royalist coups-detats are taken
more seriously abroad than in Paris. Public
opinion continues to froth and bubble, but so
far there is no indication that the pot will boil
over The mass Of the population remains un-
nistakably Republican. There may be few
latent Nornys or ST. Arnauds. but no Pretender
nor general nor political ssitator has the pres
tige to accomplish another Second OF Deem
Der In spite Of half a score Of leagues such as
that of the Fatherland of French Patricia. OF
the Rights Of Man. all bristling at one another
like porcppines. so as to lead stranger TO think
that France is about to plunge into the In
ternecine strife of the wars of the Catholic
J~ague Of the Sixteenth Century. There is still