Daily inter mountain. [volume] (Butte, Mont.) 1881-1901, 1901-04-11
UPWARD TURN
IN COPPERS
STOCKS HAVE BEEN SOARING
sKYwARD SINCE EARLY PART
OF THE WEEK.
STANDARD OIL INFLUENCES
BEHIND THE MOVEMENT
Enormous Speculation in All the Lead
ing Copper Stocks-Big Advance
in Amalgamated.

There was never a time in the specu-
lative history of Boston when the local
market was in such perfect professional
control as it is al the present time, and
the professionals who control the cop
pers at the moment are men who have
had their schooling in a world wide field
of finance and are equipped in every
way to maintain their mastery State
street still has the coppers. but the finger
that presses the button is located in
New York.
Standard Oil influence. which has per
meated the industrial atmosphere of the
country and which is now the domin-
ating factor of the finances of two con-
tirents. has never before been so appar-
ent in the market for the coppers and
in the market for the metal as it now is.
This condition of af srs has become
so generally realized IN Boston that
without Standard Oil initiative the local
traders do not dare to make more than
the most feeble efforts in the market,
as it is realized that without co-opera-
ton from the powers their best en-
GCavors avail nothing.
The efforts of the men who built up
the standard Oil company have in the
PAST been crammed with the most sub
startial success. and there seems to be
no good reason why their endeavOrs in
the present instance should not result
satisfactorily. says the Boston Statist.
The general public is entirely in the
dark as to Just how far their copper
plans have been carried. and the average
state street man is equally ignorant of
the essential details. This reticence on
t1,., Of oil .~r
the most unsatisfactory phases of the
situation. in the opinion of the traders.
hut it is obvious that silence is one of
the most important requisites n the eyes
of the powers to ultimate success.
| They have never at any time in the past
shouted their plans from the house tops,
and they have every reason for not doin,
so now. At the proper time there is no
doubt that official information will b.
given on important points. but this win
not be until matters have so shaped
| themselves as to warrant disclosure.
The rise in Amalgamated has been one
! OF the best indications that matters in
connection with the coppers have been
| adjusting themselves in manner sat-
isfactory to the insiders. Amalgamated
! is looked upon as the pivotal stock
among the coppers. and if. as seems
| likely. the advance in this stock con-
! tinues. there is apparently no reason
! why the other coppers should not also
! improve in value. The recent shake uD
/ in the local list undoubtedly strength
! ened their position. while the short inter-
/ est was at the same time increased. IN
! less all signs fail. the coming week gives
promise of improvement. Several con-
. secutive days of bucyancy cannot fail to
! bring in a good deal of outside buying
| The enormous speculation in Wall
street has undoubte dly taken away a
| good deal of attention from the copper
! stocks. The tendency in the larger mar
ket has been of such decided character
that people who have preferred to OPP
| crate in the coppers had sufficient en-
! enlargement been given turned their
attention to the more profitable field.
Profit taking in the New York list will
release a great deal Of speculative funds
that will be available in the local mar
ket. for operato tors here have right along
been more or less heavily interested in
the New York market For that ason
an upward turn in the coppers could
not come at a more r"optious time.