Bisbee daily review., 1906-02-09
AMALGAMATED PLANS
 AS SEEN IN EAST
WALKER WRITES OF FUTURE
 PLANS or THE COMPANY.
No officlai Confirmation Is Given, but the Tape Plainly Tells the Story Rumor Also in Circulation That Thos- F. Cole Will Be President of the Amaleamated.
(special Correspondence.l

BOSTON, Feb. ?. Amalgamated has sold this week at new high fig ure for recent years, while United Cop per, controlled by Heinze interests, has made an absolutely new high mark. The occasion for the move ment is the report that papers have been signed for a close alliance pe- tween the two companies and the end of all litigation.
 No official confirmation is given. but the tape plainly tells the story of important developments. An agree ment merely to cease rtigations would not cause such strength in these stocks, as there has been no liuga- ton for many months, while there have been abundant evidences that the relations between the two compa- ties has been considered merely mat dial
 To those who have been informed regarding the plans and purposes or Amalgamated and the course of events the absorption of the HeinZe proper. ties has been considerd merely a mat |, logical outcome from the beginning The continuance of a ruinous warfare | was out of the question.
 While we have no doubt that these properties will be brought under a sin l le management, to their mutual advantage, it is by no means certain that the details have been so arranged as to render probable any early of ficial statement.
 l The public may have to wait some time longer for absolute knowledge oi the plans, even though the latter have been practically arranged.
 1 Other mergers and absorptions among copper mining companies arc Ito be expected, and 8 consolidation of the Heinze interests with Amalga mated, instead of being the consum nation of the plans that have beer worked out steadily for several years lis more likely to be merely a step il tthe fulfllment of larger and more am bilious plans. .....
 It is interesting now to look bacl several years and recall the genera Insertions made when the slump il the metal market occurred, and Anal gamated started on its downward ca Ireer, that the company had made { Icomplete failure of it's attempt to ecu ltrol the copper mining industry, ant lthat it was doomed to pass from sigh as factor in the industry.
 Those who made these doleful pre- dictions overlooked the fact that Lh'
 management of Amalgamated included isome of the acknowledged aDles1
 business men in the country, men wh'
 up to the present time have not placet their names, officially at least, behinC
 failures.
 l Amalgamated has practically thu
 same management that it had when i was organized. This is sufficient evi dence that its plans have not gon'
 far astray, though their execution ma.
 have been delayed. The influence o
 Amalgamated in the copper mining ir
 dustry and on the metal market nsve
 vas greater than it is today.
 Although Geo l.. Walker in tn
 above letter fails to mention the cil
 ucmstance, there is persistent rumo
 afoat to the effect that Thos- F. Col is to be the president of the Amalgs mated company, which report, if al
 theptic, would also have a strong beal ing on Amalgamated prices.