The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-10-27
ANOTHER INVOLVED
Eeinze Directs His New York Coun-
sci to Proceed whit Certain
81. -. II. Suits. "
Michael Davitt Mine in Issue
Eastern Copper Markets Show
a Strong Advance.
Special to The Journal.

special TO Inc journal. 49,. ..-...
New York, N. Y, Oct. 27.-Franklin
Bien, counsel for the Heinze interests
in New York, has been instructed to
proceed in suits pending in this state
against E. Rollins Morse and. the
Butte and Boston company in which
the Michael Davitt mine is involved.
There are two suits pending and one
will be reached at the next special
term Of the New York supreme court.
In this suit a permanent injunction
is asked for to restrain the further
prosecution of the suits in Montana
on the ground that Morse never had
an individual, title to the property.
Suit involving the same question
was tried in Montana before Judge
Knowles and resulted in a disagree
ment of the jury. A second trial was
had resulting in a verdict for the
Heinze interests. This verdict was set
aside by Judge Knowles and a new
trial ordered. One of the suits is to
recover alleged damages to the
amount of $5,OO0,OOO
Copper Stock Market.
The movement in Amalgamated
Copper stock on the stock exchange
has not done much to enlighten Wall
Copper in London yesterday showed a
sensational advance Of about "a over
Fridays close. There can be little
doubt but that any such rise: was
largely due to manipulation, but at the
same time there was" an advance on
this side and a more active demand.
Theuncertainty as to how long the
Amalgamated shut down may con-
tinue is, ofEcourse, the excuse for the
advance. -: ~.T .-.s.j'.s - 81, +..->
The Amalgamated mines are sup,
posed to produce a little more than a
third of%the total output of the conn
pany and while the company is be-
of copper on hand, the total suspen-
sion of any such percentage Of pro-
ducing capacity would in a compare
lively short time have decided
effect. 49, ~ 4.a&. a2% - ..@.>-e -.
AS: to buying of stock, there was no
clear evidence yesterday. The short
interest is large and the steadiness
of the stock last week in the face Of
the Montana situation, undoubtedly
caused good many shorts to cover.
The possibility of a sudden settlement
now that matters have come to a cri-
sis, is undoubtedly receiving a good
deal of attention. 49,. T..
In this connection it is believed
BY many THAT the, offer Of Montana
miners to buy the stock of the COM
plainant in the Boston & Montana suit
w Clo ICdlly 1llopll ~ Ny 1A4llcIlScll
insiders. ~: ,
With the bulk Of the population of
one of the leading mining districts in
the west unemployed, and on the
verge of winter it is easily recognized
that a condition of affairs exists which
is almost intolerable and which,
therefore may force an issue at any,
instant! In any event, this seems to.
be the dominating thought in the
minds of the unwieldy short interest,
On the Other Side. I'D.
Advances in such stocks as St. Paul
and Pnion Pacific are believed to in,
dictate the temper of the Standard Oil,
Grove. In London much the same
condition prevails as here. Yester-
days transactions in Standard Copper
there were on a scale of greater mag
nitude than on any previous day this
year, the total public turnover,
amounting to 1900 tons. It. is be-
lieved to be the purpose Of leading
selling interests not to make the adj
vance Of metal too abrupt, but to in
cite a buying interest by gradually
marking up quotations a fraction at a
time.