The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1900-02-02
METAL SELLING COMPANY.
Rockefeller Takes Another Big Bust
ness Concern.

ness Concern.
New York, Feb. 2.-The United Metal
Selling company which was incorpo-
rated few days ago under New Jer-
sey laws, with a capital of s5.000.00o, is
highly important organizatio It is
learned that the company will absorb
the firm of Lewiston Bros. of this city,
and that it will handle the entire out
put of the Amalgamated Copper COM
pany, as well as the other large bust
ness now conducted by Lewisohn Bros.
A member of the firm of Lewisohn
Bros. confirmed the report that that
firm would be absorbed by the new
company. The new concern will in
effect be an expansion of the business
OF the firm, with the difference that
Copper company will also be interested
The new company, it was stated, would
not acquire any other interests in this
city than the firm of Lewisohn Bros.
The S5,000,000 capital is all in common
stock.
The directors of the company are:
William Rockefeller. Henry R. Rogers.
Leonard Lewiston, Adolph Lewiston,
and Charles c. Beaman.
OF these gentlemen, the first two
named are known to be heavily inter-
ested in the Amalgamated Copper COM
pany. Leonard and Adolph Lewisohn
are of the firm of Lewisohn Bros, and
Mr.. Beaman is a member of the law
Oh ENaIIS, OnOdIe b6aIudU.
officers will be elected in a few days.
Messrs. Lewisohn Bros, aside from
their large business in this and other
metals, are the largest handlers of
copper in the country. Among the
mines whose output is sold through
them and which will now, it is under
stood, be sold through the United
Metals Selling company, are the follow
ing:
Lake Superior mines-The Tamarack,
TcIa
sOlidated, the latter including the old
Tamarack, Jr., the Osceola and the
KearSarge.
Montana mines-The Amalgamated
Copper company Including the Ana
conda, Washoe, Parrot and Colorado
Smelling and probably others), the
Boston and Montana and the Butte and
Boston
Arizona unrestricted Verde Owned
principally by Senator w. A Clark,
the old Dominion and the Arizona Cop
per company.
Utah-The Utah Consolidated, other
wise known as the Highland Boy"
The amount of copper sold through
the firm named at the present time is
said to be nearly 20 per cent of the en-
tire output of this country, or over
300, 900, 900 pounds annually.
Among the mines for which Lewisohn
Bros. have not been the selling agents
and which it is believed will not sell
through the new company are the fol-
lowing:
The Calumet and Hecla, which next
to the Anaconda is the largest producer
of copper in the world. The interests
identified with the Amalgamated Cop
per company are said to have made a
formal offer of 800, 900 for this mine,
but it was refused.
The Quincy Mining company, also in
the Lake Superior region. This COM
pany is owned largely in Boston, and it
is generally agreed that the owners are
opposed to selling out to the capitalists
who control the Amalgamated Copper
company.
The Stanton group of mines including
the Wolverine, Atlantic, Baltic, Mo-
hawk. Michigan. Winona and others
In Montana the principal outside min
ing properties are those controlled by
the Heinzes, especially the Montana Ore
Purchasing company, which is engaged
in extensive litigation with several min
ing companies in which the owners of
the Amalgamated Copper company are
interested.
Dodge mines, including the Copper
Queen. These are also are supposed to
be wholly independent of the new COM
pany as well as Of the Amalgamated
Copper company
Ever since organization of the Anal
gamated Copper company, 1t has been
reported that the leading interests in
that $4,000, 600 had a far wider amalga-
nation in view, and the organization of
the new selling company is regarded by
many as strong confirmation of such re-
ports. It is widely believed that the
controlling interests in the Amalgana
ted Copper company now own large
amounts of stock in the Boston and
Montana, the Butte and Boston and the
Utah consolidated and that these pro-
perties may eventually be merged with
the A1nalgamated with a further large
increase in the capitalization of the