The times. [volume] (Washington [D.C.]) 1897-1901, 1900-12-03

per Company on enc side and W. A. Clarl
| and F. a. Heinze on the other is not fal
distant. The fight there was primarily &
personal feud between Marcus DAILY and w
A. Clark. 1t involved not only business
Interests, but also important political
questions. When Mr.. Daily disposed of his
interests in the Anaconda Mine and became
Identified with the Amalgamated Copper
Company, the contest, both in the courts
and in politics. was transferred to the cor
poration which acquired his interests. The
Standard Oil clique, which has stood be-
hind the Amalgamated Copper Company
ever since its formation. is now the largest
holder Of Amalgamated Copper stock. Since
the stock was listed on the exchange there
has been a constant and persistent effort
made to force q it lower. Through ]. S.
Bache & Co. large blocks have been sold,
nearly all OF which were taken up by brOk-
ers having affiliations with the Rockefel-
lers, H. II. Rogers and Flower & Co. 1t
is now stated that negotiations for set
Element of the whole controversy have
reached point where a satisfactory basis
can very easily be decided upon. F. A.
Heinze, OF Montana, is expected TO arrive
in New York today for the purpose of
comforting with the representatives. of the
Amalg-mated Copper Company. The death
Of Marcus DAILY has, Of course. FASTENED
declaration OF peace. as the personal ele-
nent in the igii; has been eliminated.
There is a strong pool in Amalgamated
Copper stock, and although largely con-
ducted as blind pool.'' the earnings Of
the company are known to be large enough
20 warrant higher marke; valuation.
Tentative construction contracts are
now being made by the corporation which
was formed to construct railroad line
from Salt Lake City, Utah, to Los An
Geles, Cal ". A. Clark. not satisfied with
politics and copper, is now inviting
another contest with the Southern Pa, ifc
and the Atchison over this proposed new
line. There is absolutely no doubt that
the two companies mentioned will oppose
strenuously the construction of new
road which will invade the south of Cal
ifornia. Engineers have already sur
veyed from Les Angeles to the northeast
to head off such opposition company, and
while waiting until the last ditch was
reached the Atchison and the Southern
Pacific will undoubtedly begin to build its
own line should the new corporation in
augurate active operations. The mistake
which has been made ny the Atchison vas
in refusing to purchase al "a bargain
counter price some months ago the Les
has been taken over by the corporation
formed by W. A. Clark TO build from Salt
Lake City. BY itself this property is not
a particularly desirable acquisition, but
could be more than useful fer a rival Or
ganization il il could once reach Los
Angeles. Negotiations by the new COM
pany have been opened with the Colorado
Fuel and Iron for 5000 tens OF rails. but
the rail mill of the company has now such
an amount of material to turn out that
the order, il guaranteed. could not be
filled for several months.
In regard to the ruMors which were cir |
culated of coming opposition to the Ameri- |
can Tobacco Company. C. P. Buchanan, for |
merly of Buchanan & Lyall. who, it was |
would indulge in such an expen- |
sive pastime, SAID Saturday: THE state |
nent published involving me in connection |
with the tobacco business or its securities |
is entirely unauthorized. l have not ex-
PRESSED any opinion either directly or in
iirectly for publication This is denial
which does not deny. Mr.. Buchanan SIM
Ny says that he has not "authorized'' any
statement concerning what his intentions
nay be. 1t is not likely, though, that
Either Mr.. Buchanan or his friends will
Undertake such opposition at the present
line.
Standard Oil stock made another sensa-
ional leap upward in price on Saturday,
sale being made in the curb market of
small amount of the stock at 1886
hare. This, besides being a new record,
represented an advance of nineteen points
compared with the opening price. The
losing quotations were $716 bid, S17S
sked. The opinion is general that the
took will go to $1,000.
The directors of the Atchison. Topeka
nd Santa Fe Railway Company will meet
his week to declare the regular semi ]
nnual dividend of 21-2 per cent on the ]
referred stock. The subject of divi-
end on the common stock will no, ie-
Give consideration at this season, IL is !
aid by good authorities. n
- |
Jersey Central selling above Pennsyl-
lnia and New York Central presents a s.
arket inconsistency that reaches the i
,int of absurdity. II Jersey Central Is c
orth $50 Pennsylvania is worth 200. In =.
,turday's market Jersey Central stock ~
as scarce, and 2 per cent over the pre-
ding days close was paid for 100 shares W
Bull points on the ''Monon" stocks are S
freely. Chicago seems TO have b
I'd many tips" on the shares. and the
mmission houses with Western wires
We had to answer many queries of late
to the position of the company. The -
port that Monon is TO be absorbed ly -
e Pennsylvania Railroad does not get
lch consideration. That il will be taken
the Southern Railway is thought more E
,ely.
Bulls on Sugar who have been counting
on an increased dividend rate of an
ira distribution, were alarmed Satur- "a
y by the sharp decline in the stock. The
-ectors meet this week to take action 3
the dividend. There are all sorts OF =,
stories concerning the in;en- 10
n of the directors. and Mr.. Hayemeyer
quoted by the tipsters as having said on
rious things which he probably never III
canned of. The Sugar Trust has issued III
statement to sugar people Offering to j..
i the "Arbuckle grade" of sugar at the .a,
buckle price. the suggestion being. of S.
arse. that the rival refinery is rot v.
as good a quality as the Sa
,st.
II,
HEAD EXPERIMENTS, tn
sci
autenant Strauss Denies That They 10
uh~v a I