Bisbee daily review., 1903-11-08
GENERAL COPPER CONDITIONS.

Houghton, Mich. Oct 31.-(Spe- cial.)-The closing down of the Anal gamated mines in Montana has brought the general copper situation 10 a focus There has been more or less suspicion in England, for some months past, that large stocks oi cop per have been accumulated agaln III this country, presumably by Amalga- mated Y nited Metals Selling Co. inter ests. and that a break in the metal prices was due soon- To hmlteu extent this view has foGnc Judgment in the United States, bat those mar boring the notion will be gwen an early opportunity to disabuse theH minds of it. The Amalgamaeed peo- pie are by no means beyond rigsihs the market. if there is money m so doing. but at present they have trou- bles of their own. and their stock ol trouble is larger than their stock ol copper. The suspension of produc- ton at Butte might be que to some deep-laid scheme to affect the mar ket, but 8 much simpler explanation IS found in facts that are readily ap parent to anyone saIrly conVersant with the anomalous situation now eS- i5ting. and that has existed for some years past, in Montana: The Amai- gamated company inherited the Heinze fight The Boston and Mon- tana people, who turned over the pest mine and the worst lawsuit in the cooper business to the Amalgamatea company, found Heinze a thorn in the side. Confident from previous sue cesses in other industrial lines the managers of the Amalgamated scon- cd at Heinze, ano' refused to treat with him unless he came as supph- ant for a settlement, in which case The Amalagamated officials were will ing to permit him to live, but purpos- cd trimming his claws and wing feath- CTS 30 that he would be no longer dangerous Several years conunn- Ous and expensive efforts to do the tramming leaves the Amalgamated people worse of, and Heinze, fl any thing, in a little better position than a. the start Not that HeinZe hes uon a bed of roses. but he has ht- tie more than held his own. l; IS a bitter pin for the men of millions in control of the Amagamated company to swallow. but as they do not iach courage though somewhat cehcfent in discretion and sense of perspective they have finally taken the bull by The horns. and closed down every thing. serving fiar notice On ne state of Montana that the Ama!gamatei people must win their suits in the courts, or they will breal, inc city oi Butte. The outcome will be awalted with deep interest, and is by 10 means certain. The power Of the Amalga- mated is very great, but Helnze IS no mean opponent He has proven hini- self a consImmate tactician ana shrewd politician in his five years war with Amalgamsted and that eompa- my's predecessors. TO expect any statement of the situ- ation from Montana is 10 lcok for the impossible. IL is almos. iterahy true that every man, woman Or chlid i1 Butte, and for that matter three fourths of the people in every portion of Montana. are partisans of one slae or the other. h the picturesque ian yuage of the district, Al but the mavericks are rounded up and brand cd either pickles or kerosene ana the mavericks are getting mighty scarce"
 The immediate effect of the stop page of Ar,e'Ca12tad ?-oauction IS readily apparent in rising prices ano alarmed rnrchasers. The world sim ply can not get enough copper now, O. for several years 10 come, without the Amalgamated production. If cop per is no. forthcoming from that source for year or eighteen months, as is possible, though scarcely proba- b,e the world will have to get along or, scant rations, winch will mean nirh prices, feverish markets, ram pant speculation in rtccks, and gen e,any unhealthy condition of affairs that eventually will be followed by the i-,evi.aoIe reaction in nrices of both l. ------4 ~-. ---- - ---