Los Angeles herald., 1906-12-15
GREENE COPPER
MINES SOLD
BUTTE COALITION COMPANY
SAID TO CONTROL
important Mining Suit Pending In San
Franciseo-csIIforni Liquid
Fuel oil to Be Refined
in Japan
BY Associated Press.


NEW YORK, Dec. Alt was reported
in Wall street today that control OF the
Greene Consolidated Copper company had
been purchased by interests representing
the Butte Coalition company of Montana
and that control of the Cananea Central,
another Greene property, had been ac-
duired by the Amalgamated Copper COM
pany. Formal announcement Of these
changes. It was said probably will be
made later.
over 100000 involved
BY Associated Press.
SAN FRANCISCO, Dec. 14-Joseph r.
Delamar,' the wel-known mining man.
was a witness before Justice Seawell in
his own defense. The Utah-Nevada COM
pany is seeking to obtain a Judgment de-
claring 1t the owner of 40 per cent of the
stock of the Delamars Nevada Gold Min
ing company, an organization which Is
said to have taken H3,000,000 worth of
ore out of properties acquired from an
option holder whose interest has been
purchased by the plaintiffs. Delamar de-
MED that he was under any obligation to
hand over 40 per cent or any other per
cent of his stock to anybody and the liti-
cation promises to be protracted, as about
$20OO,0O0 is at stake.
Japan Buys California OIL
BY Associated Press.
SAN FRANCISCO, Dec. 14.--General
Manager Shirashi OF the Toyo Kisen Kai-
sha Steamship company and representa-
titives of the California Petroleum refin-
cries have put their signatures to con-
tract by which the old company. under
takes to deliver to the steamship COM
pany 20 100000 barrels of liquid fuel over
a period of ten years
The contract calls for crude oil to be
year. The high tariff on refined oil in
Japan makes its shipment from here pro-
hibitive. The oil contracted for will be
refined in Japan, where large plant Is
the California petroleum. While a large
part of the shipments will be used as
fuel on the Togo Kishen Kaisha steam
ers,. quantities will be refined refined and placed
Shipments will be made from Oiiport on
San Luis bay, where a pipe line reaches
tidewater and where large wharf Is now
being constructed. a
Big Farm Implement Trust
BY Associated Press.
CHICAGO, Dec. A--The Post today
says unless plans which are sanctioned
by j. p, Morgan and agreed to by the
holders of at least 800, 100000 out of $780,
100000 of the capital stock of the Inter
national Harvester company fall through,
February /, 1907, should see the complete
financial reorganization of the great farm
implement trust.
Tentative contracts which have been
signed by the chief Stockholders call Ior
the conversion of $125, 900, 900 of the capital
stock of one class into a like amount of
new stock divided into s60,000000 z per
cent cumulative preferred and $4,000, 900
common stocks; the retirement of several
interests of active management of the
company and a general change in the
| staff of officials. The expected action is
that the new securities will be listed on
the New York stock exchange. which, IL
| the plans are carried through, will give
the stockholders a broad market for their
securities and enable them to retire IL
they desire to do So