Daily inter mountain. [volume] (Butte, Mont.) 1881-1901, 1901-01-29
INDULGE IN
SPECULATION
EASTERN FINANCIAL PAPERS
ARE TALKING OF DEALS
AND THINGS.
BELIEVED AGREEMENT
HAS BEEN REACHED.
Between Senator w. A. Clark and the
Amalgamated Copper Co.-The :,
Copper Market. .

Many of the eastern financial papers are
indulging in specula tons relative to re-
rent events in the copper world. The FL
nancial News of Boston believes that the
renewal of Senator Clark's contract with
the United Meta's Selling company indi-
Gates greater harmony in the copper
camp. Tn" Boston News Bureau also be-
heNes that an agreement has been reach
cd or viii be reached between Senator
CLARK and the Amalgamated and gives
the alleged programme as follows:
First, to permit Mr.. Clark to take his
seat in the U. S. senate. as Mr.. Clark has
promised to use his influence against
legislation in Montana adverse to the
Anna 'gamatei Copper Co. Mr.. Clark at
first under his compac, with the Stand
ard Oil people attempted TO check the
eight hour legis alton. but Mr. Heinze
made him recede from that position and
he was obliged to notify the Standard
Oil people that the eight hour iegislati
would have to pass. To this the Stand
ard OIAmalgamated have now agreed.
1T may mean !osS to the Amalganat-
ed Copper Co., of 81, 600, 10000 per annlm.
but they hope to offset it by economies
and figure that the new sme,ter at Ana
conda will save them 600 per an
mum. All hands have accordingly Joined
in sending Mr.. Clark to the United States
senate. &
Second. the ANA gamated Co.. will
hold the price of copper firmly at 16 Csc
fc.' electrolytic. and the Calumet & Hecla
people are wi ling that electrolytic shall
be sold at 3-Sc concession under the Lake
Superior brand, which is now held firmly
at lie. The copper market is now lined
up solidly for a steady market for several
months to come, and will not be shaded
hair by the Amalgamated people OF their
allies
The Financial News says:
1T is generally believed among local
copper interests that it is true that
Senator w. A. Clark has signed con-
tracts with the United Metals Selling
company for the handling of the prod
uct CT the United Verde mine from the
frs. of the current year.
THE signing of these contracts With
the distributing agency of the Standard
Oil people is regarded as of more than
ordinary significance in connection With
pending negotiations between the Gp-
posing copper factions. ~@ RI .-
''The Meals company Independently
and the renewal CT the contracts Cor
that is what it virtually amounts TO. if
the papers have been passed. is ac-
ceptel as proving that not only is Sena-
tor Clark satisfied with the manner in
which the company had handled his
copper. but also that the relations be-
tween himself ana the Standard Oh
company are no longer of strained
character.
with the companies that it controls
ana it's various affiliations, the United
Metals Selling company handles at The
present time between IS and so per cent
of the total production of copper in the
United States. On that basis the CONF
pany handled over 20050 tons during
1900.
'rhose in an excellent position tor
know whereof they speak affirm that
conditions in the copper situation con-
tinue to work in the direction of mar
mony of interests.
''Matters have so far progressed that,
those who have studiously followed the
situation from at least a semi official
point of view say that they would not
be surprised if at any moment some
thing of a decidedly favorable character
should Develop 4