New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-02-01
BIG GAIN In C0PPERS.
Another Reported Agreement Be
tsueen Conflicting Interests.

A.. renewal OF the report of agreement between
Heinze and the Amagamated gave great strength
10 copper yesterday United Copper. the Henze
property went up 7as points from Tuesday nights
closing IN 7ss and Amagamated gained 6as TO 115%s
Anaconda Jumped IA points 2SS They all closed
AT the highest for the day. Some OF the advance
was due doubtless TO the generally strohs tone OF
the market but there is no doubt that large part
OF the strength in coppers should De atuiou'eu u
the recurrence of the talk of an end or the iohs
war These reports have been frequent lately, ana
generally have been followed more or less CLOSELY
be- oenials from side or the other' Out they
have persisted. nevertheless. and have acted as II
strong bull argument since the causeless disap-
pontment the failure 10 increase the Ainalga-
mated dividend II is a noticeable fact that they
have been persistent since dividend possloiIi-
ties could longer be used to boost the price In
many quarters they credited TO the desire OF
a powerful long interest 10 the stock go higher
Last week il popular to include the Guggen-
helms and American Smelling in the reported com
bnation and that time IT was freely stated that
when the smoke of battle cleared away the Gug-
genheims would be found in control OF the copper
situation of the world These reports emanated
from Boston as does the latest one, but Daniel
CugRenheim president of the American Smelling
and Refining Company, put an end to his rumored
connection with the new combination when ne salo'
We have had no negotiations either for our COM
per people the Heinzes or with the United
Copper Company, of any KIND Whatever ana no
The story yesterday varied from those Of last
week in the single particular that It left out the
Guggenheims. II said: 'Henze and Amalgamated
papers signed this morning. Details are not
known this evidently means the end of all law
suits" Boston said that ii received the news from
wall Street and in it added the detail that
after the settlement tie United Copper Company
will have $50 900 in its treasury United Copper
only 10000 in Its treasury at present IT was
said u-la ss there had been settlement with the
Ana ga mated already. The latest suit of the
United Copper Company against Amalgamated for
ore taken illegally from United Copper ground Is
for 81 10000 and Boston could way in which
United could increase its treasury balance except
by compromising the suit.
The report had il that Amalgamsted to pay
s75 a share for control of United Copper. II
pointed out that this extremely high
price for stock that could have been bought
freely the curb day two ago for around So.
Both of the copper interests chiefly concerned were
silent regarding the report last night. The United
Copper Company discreetly said that 1t was not
likely that any official announcement bearing
the Amalg6mated- United deal would be made last
night No definite information could be gained
from the Heinzes personally. They replied TO all
inquiries that they had nothing to say. The Anal
gamated people were equally uncommunicative.