davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1906-09-02
PEANUTS.
First Brought 70 This Country About 1850
Where the Most Are Grown

Few people no buy bag of peanuts on the
street for five realize the extent % the pea
nut Industry" said \ /. Bran. Of Norfolk. Va.
1T is fact tha; total sales OF peanuts amount
annually TO between Ss6Jl,0D and Sl0o50.40 and
some salesmen sell . Ash 10000 bushels eacI
year.
The seeds OF the peanut are planted like beans
and wien the vines have come up AMI the nuts
are ready for harvesting the farmer takes Gu
tvator especially made for hat purpose and starts
Inu-n the long rows. on either sin OF this cub!
tvator are two long knives which sink into the
ground sufficiently to cut the tap root OF the vine
-he same process is gore through with The other
side or the vine The main root being thus severed
snd the ground loosered. the vines are lifed ITO
shocks like corn. They cured BY allowing
them TO stand in the sun about ten days. when
ooored women ana chill iren sent into the ield
u nick the nuts from the vines An average picker
viii nick about five bushels fav. for which he fs
raid AT the rate OF 10 cents a bushel
1T IS not known how peanuts FIRST came 10 This
country Both Africa and Asia claim the distinc-
on of being home of this vege' able. Its first
record In the Tinted States dates back TO 1870. In
1861 the crop amounted to about 90 bushels. but
valuable article Of commerce. Al me present time
the crop amounts about l1O5000 bushels aD1u-
ally. Virginia and North Carolina stiii ma, ~ ~ 1in in
their lead, hut Tennessee now raises abou' soo.vO
bushels though OF Inferior quality; OF the
or mary variety about twenty-five pounds make a
ushel.-Milwaukee Sentinel
New-York tribune., 1906-09-02
LEISURE.

Tho word leisure" come from q Latin word
which means 1T is lawful" II is permitted.
n is allowed: and. therefore. by leisure we do
not mean tdeness. but a space Of time during
which. condition in which, we are at ub-
erty to do as please. Hence leisure" has
come 20 signify the time during which We are
free from the demands OF profession. business
or occupation. and which car at our own
pleasure devote TO something other than thar
for granted that every man should nave sons
work in life some duty or occupation which IL
falls TO his lot especially to perform. whether
from necessity or choice. If man profess 10
have no such demand upon his energy and time.
or if he ignore the fact that he ought 20 nave
hts work in HE. IL is the fashion TO call MIN a
man OF leisure" which IN this sense. Is one or
the most ignoble eptthets Whlch can % appIeo
to any human being
On the other hand. we often see persons DONG
their legitimate work In such a self contained
and deliberate way that We speak or them ~
working leisurely. There cannot be greater
praise They have such command over tneaI
work that they really take their own time ao soe
H. and the consequence Is that the work - wG1
citediy and nervously. who cannot oroox sos
slightest interruption. and who REGARD WIN na-
patience everything which does not irnineoiasety
fall IN with the task In hand. Tne FORMER ouSnt
TO be called the 'men Of leisure" ana the feeo-
Ionable name for the do nothtn9s cnanGeo W3
fdlers We wish TO emphasize the fact tnot ~
sure has something TO do with law and rule n
i,nnlies a fight TO command ourselves. and h the
very opposite OF that tyrant which does more
to ruin nfe than any other-hurry every nan
ought 10 aim at DOING his daily duty u -
mxoaYs fDnh10A
New-York tribune., 1906-09-02

AZ - A4Ls-IhqS-Ihe nsrst for pig iron certificates
t,ors nc,i mh'nanse was dull and without transac-
er hI l gS9ss gs,s as follows sep,enbeT Sisasls 2o
SIS - az r,aSls' Nrvernt~ and December SIS 501
MoL-AssEs AND sYRrPs-5uins a. soIiss| IN -. io
follow MoLRsssn RsSs In ras5. as lss, a9osa GgG
S'o9a , l5al6c fair leQlsc good lsq2oc prime ao
. se Iair l1c: good isa2Oc: prime 2ag24c:
sD1SS Dcoit,nseea on steady to hrrn for spo, and
Ca pressure safes; goo or srptrbr at s6i4c 100
psaeeum was quiet al reoem prcss Ilnsees Oh riied
iFi-N 49, suotauons unchsred We quote: PETRo-
qpephs lsse hulk S5c: rer a cases Sew YHr iae.
buis !ac y s'e water white. New bbls roc:
on nr Work ise; Phiaasphia IL a5c: C'oTToNsEED
nsr yellow IDe $500, ma. october 22a2a ac me
soo sps 40 D.cemt.r 2sE. G3Nc: January aaa
winter yellow .s4s sn. gse 80 s4c nomnsl:
raw s.c IsP os s,i = town CROSSE: Calcutta
pPovTSIoHs-Th. .ssy - -
ans an sdvano. ~ ~ S on lghi receipts Chicago
s cur STEADY Rses chsra COO hor. eo,s es
c~ir,s p Zoo go sn1 nsr V.es i.s 600 ernaia re
sacf Mes. sis 7sssa e,s .,;s 1000 ,, eoeK resay
.smily siOGs'i psrb. a. .no'sd: Me-.. ssnss so.
Sss.te 50 REF HAMS 1850 .s,rs r,ss sso
exc leo y, sE,e g.n quoted; Rsoon. exc: isO n
NsoFnsp'.e % 4 i2I e o-.. s.ey qu6s soslns ,aJc.
normal ouo;ea s1sss u N ilo P,cki.d .hould-rs
lam ann TAlw esiv ~ su% H''s osnry n" sSs sssise
%sTd % 9ss, sa SSo,ss SSo,. s.sa prime 30" y
oorn,,,ss a,.T'os sc con,.r, Bic RAJ le
oso loe city iart s,.srn. ieIe ''s.n''
however ,,.,sv va Ney light with the unoer,or.
sso,sa ouo,son. sollosa ssr sa, unchsns.d p,c,s
heae. sss hsses sns 'se h.st. sxa49tc ,,nny
sosS sss.ts ss s sssse Jaw. e, s as
ess Tss London c.. A.r.an. ~ ne 'us., srsss
New-York tribune., 1906-09-02
A GUIDES LETTER FROM THE WOODS.

Yours Just to hand nnds all IN good heith and
glad TO kno your fanny Enjoy the same Crate
blessing went away the day Of Sept and Come
hoam Last night We went In by the planes with
the team sech goin it he'd raned a hole week
but cered Cool and the . wensday I Called
. Big Bulls IN the mideii OF the big Boug Boath
come UP the Same time and the man from Boston
Shot Shots al the Boath 10 they Went away
unharMed he'd promi- not 20 Shoot they
yung Bull soueiin Round the camp all Mite we
foIlered the nine mile redge and picked up the
Canoe on fraser stream Where you Ketched the
and see Big tracks all u..e way | never see 20
mutch bear Works on tho RIGGS ! seen l he was
Caribou he. moved ssen InuEsday we yns to the the
lance an 10 70 PAGES and the man rom Bo.on
dassent mss his horns vas 50 inch y Iints no
man white or Red n god sends cam mornings We
he'd no mishaps and cover some Ground am sey Sosy
Tor hatte I'M the battery Opened traplh Snns ssns ,
viii and You snJytn the came good Hslsh. Outing
New-York tribune., 1906-09-02

bes.
aSac a 10 f00' 'S'S 90 common 'saS'ae' do full
fair a ne ,n fay aos csss There wa. pretty
@ ms stock for cGrrsn; use end ne marke, had
the oresl 9 hesay thought advisable to change
graded brought 2lG2i,c Quite ready ana tbs bs,i
scarcity OF fancy neaT US hennery sq r sH Tres
q,. 1Is are exceeding tie agares quo canIIed
inferior % grades are slow we ucte state Pernsyivana
S7c. DO ordinary rooi 22ei:e: d. a,SSi StSs g
talon io o % - DO mss 2l92i=e official quo
s FINF;SI5-Arpes IN good demand for
an and Ag. b 4SaGa and wea rsaehss IN Moderate suppy
iibera supply ana iu Wafar ises Nus k.ae'ns IN
si ss q i. * i.,,... p p: @ ss.
FsyoTits sqss Is Fldn.s lcatI Si 81 80 81 a. P DO
er Saset 35oe. 90 5Ri si9 s4g$l M %; rLcM1 sat-
% Per BASKET @o 81 -: G.:AII:S peaast fe5 case
ntBgIES 6z ;I:IFs ' Per aia quart
s-y per crae or t.a a.i 49,: 10 n.y. r. a1 r Ser,
40 ~ pony crate, s. .5aE-; wATER1Il-LoNs PER 100
HoPsHlra5rei ~ 5 on' sascs We ,,..e. sat. ,eo,
ch3iee. n, ISql5c common - cei- ii9I2e pa
Sg 'e DO 'o'non 10 fair PEI H. lsgls5; 90 1864 10
GAME-l'oyer continues scare aud we quo;e'
dozen S45s4 So 10 cores1 biaek $sd$i - gus '''
IL IOI tRsNtn n" r3Ioriani arr ais the mar,
over over ny 1.lhers We quote: SPRING CHICKENS. wcst-
EGMis, Der n ia: EoosTI:li. eid pr ~ se: TjIt-
~ ; I'F IT, lac; SfitiNi ID cilS Long island H.
II i3s: do weste1n OLD pair 7oa,ce: do soi,ie
~ni SoutaH esterp. pair S00loc. GEESE Western,
Per pair 81 - 81 80 60 southern ani souhwesorn pr
lar sue; PIGEONS. T1.g. piSSEi}NerN little
s,ock arriving tolay. and wa ns, receipts gradually
scalced chickens. which rule We Ire n
killed icc3-TTRhENS lots old 13i+c: poor
medium iidI2c spring dry pcGei 80 3N d scaIici
1926: SPRING CHICKENS Phila rlpsia. drI pcke!.
10 10 average 60 pair fancy. .lH--c. GO over 10
average = paif. :aF2-5. 30 ldliNc New
YORK ana pcansNl,ana. cry picked. frc~. IGa iSc; do
yfTase run liHl llc: Weston picked. fancy 70 pain
loc; do average l3rIlc: western scaltot. fancy II
and over - p2r ia,, DO avorr il4c Western scaldel
fancy 10 ai ever pair lac: DO scalded 1S4
is'ec p.ST. loel2c; FOWLS, Ihlaeslrha. dry pieAe5
iancY is-c- 30 aNcraAe run. lac western dry picked,
MEDIUM size selected tcul,s oup 4c co selected bb's
heavy. lac: do average i3'-c- GO medium LOG
southern selected. btls.
lS-c. Western. scalGcd. medium selected hts
lSl-c. ps1- % medium.
err ana southwestern scac.d selected hsis lJ;ec 20
Interior grades. ioQl3' other pouitry--OLD COCKS.
Try picHei sad scalded. Size: DUCKS. sVrlnG. Long
lsland ana Eastern 9l2l-c. 90 other nearby l-c'
Dt chs Old Long Island am ether nearby l6c: GEESE.
sQling. Eastern white iS-lc. SQUADS. prime. vhie.
- 10 o.,en pel eoze. - -; 60 10 - aoze. 81 %
q 20 - n 20 dozen. - q" DO mixed 81 - s*4 o. 60
eafc - 81 81: 20 cu 5a..-',. - - So, ~
tJtA4Gtes AND VI TAfl'i-S--IFtsn loIatS5es
p'taTs i4tl- N,IiollS sll'N -
New-York tribune., 1906-09-02
Provisions were steady. The exchange WI! be
.icSed on Labor pa-

Provisions were steady. The exchange Will be
closed on Labor Day.
Bears were disappointed at wheat deliveries be-
fo-e the opening. Il was expected there would lie
about so00.o00 bushels September contracts.
and there just half that amount. Then there
active covering result o! the dlsappoint-
ment and the market turned strong Local receipts
were "A cars. with - estimated for Monday.
Corn duh. but a rather brisk advance in
September tended TO steady the market whole
There only few small lots Of cash corn de
nvered before the opening, and September shorts
were disposed 10 cover Country offerings were
larger. Lco4l receipts were 3i1 cars. with 415
estimated for Nonday.
oats were fairly active. and prices showed
flrrner tendency. Deliveries September con-
tracts before the opening 80 eo0 bushels but
all fel in strong hands. auI w.. be marketed In
the East Country CrerlnCs light. Local receipts
were 2io cars. with e13 estimated for MCuily.
Provisions were exceedinsiy dull with prices ru,-
ing about steady. Traders were rot inclined 20
open new accounts over the holiday adjournment
and just 81 the posting % the Registrars stocks
Trading consisted mostly % changing. 4 few 10
lated holders Of the September Lquidatng their
lines and taking in the deferred futures. HOG
receipts were 10000 head Prices ct 'he 'atds
were cents higher.
New-York tribune., 1906-09-02
sueopEaN PRODUCE MARKETS.

r5vernool sept l-Closinz-wnEAT-sp quiet: 70
- peSrern winter lOd. futures quiet SePte'loe
g I1.e. Tecember IS 20 CoRN--.pot nm ,o. a
r5,x.f new .s loizd American mixed. oli - 49,
f,T,ures Quiet: Sept.rnb-T nominal. DecenoI o.
January new pad PEAS anadlsh t,|pS =,
oT-5 Ious fat4 Mintcr STEADY. ss fi.'i9 az
nndon O,aciGc Coast) "a 3sefs lbs BEIf qules
.a i<In" 80 ress Gfs "a PORK quiet prime nless
western SIS Cd HAMS-Shot cut is TO 40 70 az Sa'sS :,
&c. - RACON steady: Cumberland CIT - 70 - 10
rs. ,bo-, rib rs 20 - 53s Cd lcng clear u'Ie
IIsh, 2S 20 Cd. Tong clear rlaore eS Iear
~ =, short clear backs Ia 20 20 10 t"s hu e!eI
800. IA To- ~ n, Ges Ga SHOul-DEItS-Sauare ~ 70
20 =, ss.v sos "a I.aRD-Prime western IN ,IeIces
stea6v sHs american refined In pale hrII as "a
-TfpF-SE American rrest N'ite "Ss
ga 1u.rican nnest coor~d So- &C TAi-LnN .n ns
a., srnn pes ad Australian In London strong SEs
III IA STINF-Spiri,s steady sas 90 kosiN-ee.as
- = ,,aaay ae iis pfTEoI EUn-Rshred ouiss 6sa
IINSFED OIL. steady. lls oc
New-York tribune., 1906-09-02
GENERAL MARKET hsPOhi'

Nayr York. September :, 100
~. r-s~Ea, ha6 a cuet Gav. be- u
Sr range OF values, due p4tsss -,Sfs, ~ a. o'.,
nn>LS 81 Ia ioudaI on The opening NsS s,esgs ., & - -
IL o@' .ne and fluctuations tAte!' NS-.eS .iolu
points ,on ,he close btis steaGy al TIE optils
i Sans Total sales eco @gs Eeroprsh
MeIs ssrnir Erazian D,arkEs We're o"eT as, l. ,
al decline l - 1rss ,ansa Primary port reoe pts
@ = ,sS taes compared We ,Soo oags last sSsT
sac "a rnnSieby receipts 6seo bass compares win
bs cno bsrs last year. There We ~ ,.phss hss
Seisel IiS N HAVE and Ianhg by interests VINO IN
ss tatinr the coffee and $40 are co.. l.iesu
tenoeo Srill shortly be III into operation Ihere
Na!oi ssrs on contract ne local rlarst to-day
l(s 80 bag. OF coHes -. ,,oar --.-jz., .a-.av
n. range Of contract prices : '-7 'S' ~ No.
New-York tribune., 1906-09-02

FLOUR AND NEAL-The foor rnsrket was vas Gu GU la ~
teatufeess prices uachsnr.a s Be- l2IS 5 Winter
;..g,. On gs s ssqS sss eS Winter ss s. IS spring
clears IS 4ogss So estra No xln M & am o9otee
Fair to 5000. IS ssaSs 75 choice 70 fancy, on
coRNMEAL s;esSH 1 ouo5ea: Fine white ara
yelow s. 2ogSl Is: coarse 81 loSsi = sTs s
,anssr9 fn % ni9aine IN ico- sacs $40 -four Co So se
RED Dog SIS 3 az j.. p,9E. m E.r 80, asa 20: Red Deg
So So horiny chop bulk SCI: DO sacks So 10 oiiie@
ScSarTSL WHEAT The wheat market to-day was
quiet n. whole slowed frT gnesT5oae
closing prices -ase h hsher ns I- ,b @ T,srke owing 10
Fighter deliveries al ccaso than expected sal! ine;sn
SHIPMENTS and tear thst ths ..sns sSps "a ss,.- II
will be quite bullsh The oHiy setusck ,aH-
orlock when realizing weakened prices siehIy 70 be
- 81 ;oaro Tor Northwest snd moderate Gov
sring in antcoaton q the fellGa. or -. e "a,
Fro0ulha sstirnated that worc's shtrneTts YOU'D ne
around ~ ol0 90 bush coInusrel with sSai"" hnsa
,he rreous week said fhat shipments ron ncla
Ncle continue & sns t5 ~ I s 40 80, yer ysT tavoraaie
teless continues lEht uu teEe ana tor ts cay
a. o'eoes serternher wheat in View York quoted
ct rstc Dece--her sis ard Nav sAi.c The eash rsr-
s9sS S., as No io0ss No,tsr: N9 & Ts % sn 8o hsT
winter soc 0 b FAoet CoRN-At first corn was IL
teii sns rTosSs tor heavier ressirs next veek Ele-
Interests bought seDeh however and there wss
---' - "N'-N ori~"s e-0aaied the close AZ /
eoock september IL New Yea quoted II 's'. ar
a. Ch'csFo were only 5000 hush oE'rg 20 nrht
tish cor,sred vitS 80 ,.o last vesr The cash
terket closed follows 10 - &c eleyator nnc
olr Q b aA5at ohTs-TSe r,rics. for oa,s was con-
ti6erahv hrm'r On licht rece4ts fsir osth dHrsnd
York closed follOv N'xsd - - y N S5c: natural
49, 20 20 q p sgS7 s1d clipped vh'ts rs . 30
en- fs Z Ne. Yor. : I2rsT'y 'isrlzet steady
New-York tribune., 1906-09-02
TRADE IN CHICAGO.

fBy Tsiegraps to The 1r'bunSl
(.hscaso Sept Convinced that the elevator
rvrers had q strong grip about all the cash
-haa, IN Chicago ard had intention Of letting
no OF while there IL money 70 be made in carry
sre charges by keeping the srain In their posses-
~soo September shorts decided II was about time
20 cover The result an advance Of 1 In
THE months contracts. The deferred features
zero Iess active. closing xc 70 kc higher Corn
c,ossd Arm with September 10 higher. Oats for
Ae,iyery this month closed ! csat higher and the
- $1,000 eusnsse vuso ~ - - AagAs ana2A
New-York tribune., 1906-09-02
Yue CATS OF VENICE.

A r.cent haustorm IN Venice II credited with r.
suits for which dweusrs In conEestsd portions Of
great cities In some other countries would be
grateful The downpcur va. almost unprecedented
been az large az pigeons eggs NOW In few cities
does the number Of homeless e1s IN oons to such
oose. and The large hailstones pouring down on
the roofs IKE bullets arc tSs rcs slain such
least the nuisance Il a. an end Hundssds ass said
- 49, - kllioh-400A0A Oeoo0
New-York tribune., 1906-09-02
Flrrv.rwo DAYS WITHOUT STOPPING.

The steamship Goldmouth belonging 10 the She'll
Line. has Just arrived at Rotterdam. after steam
iar from Singapore BY the route round the Cape
of Good Hope distance OF l7sl miles. in hfty-two
days, without once stopping tho engines or cneck-
This performance Is believed 10 be the largest non
stop run ever made by marine uacninery. Lne
vessel was burning LIQUID fuel. and with so great
an economy that enough surplus Is Iett TO take
the vessel twenty days steanlinx Cd nAs sstoIn
nSssaxo EAS&-lonhop C0yon1olA
New-York tribune., 1906-09-02
NOTICE or ANNUAL MEETING.-PLEAsI

take notice that the annual meeting OF the stock
hold - the Hunacao Company. the purpose
-cns Inspectors az EIectiOn and
actDG such business properly before
the Will be held nth or September.
1906 at o'clock IN the afternoon the otce Of the
Company, $50 Wall 81 in the city of New York
County o' New York. and state % New York The
fer book Of the Company will closed from the n
day of september 1906 the 18th September 1905
Dated August 30th. 1900 J. Y ALIEN Src'y-
New-York tribune., 1906-09-02
Financial Meetin gs.
TILL AMERICAN AGRICULTURAL CHE,IICa

TILL AAyE AGRICULTURAL CHEMICAL
COMPANY
NOTICE Is HEREBY GIVEN THAT THE
Annual Meeting o. Company will be held tbs
office OF tie Company Garfield Block. in the city OF
New lon1-7, conn. I2th day OF September. 1906
AT Hclcck T. NJ Tor the purpose OF electnS Boa-d Of
Directors FOR the and for such other bust
% brought before tho meeting.
tAc Transfer Books botd the Preferred and Common
SrcA CtSc o'clock Wednesday. September otn
1906 ane closed until 10 O'Clock a NJ Tuesday
Sspenbe. iSth. 1856.
New York. August 1Th. 1866
GR0RGE L. uaLBRAITTI. Secretary.
New-York tribune., 1906-09-02

$40 FREE

For limited time VII send SO o a who
mention paper and bIy 100 shares In Of the
rEeet mines disc5yer-d. We DO this to
what papers investors read.
NaLeever Bros. i.o Broadway, New York
New-York tribune., 1906-09-02

fo4. invest 81 600 OF in proven copper prop
provided pay your expense II not represented?
l.. T Tribune. New York
New-York tribune., 1906-09-02
FxFoRIS.
rass Quotations.
New York. September 4. ~

p,gBss p,V8. pet. gals. .i.iS9o'V.
The river press. [volume] (Fort Benton, Mont.) 1880-current, 1906-02-14
THAT CHINESE BOYCOTT.

Methods Of the Celestials In Keep.
Ing American Goods Out Of China.
The boycott in China against Amer
lean goods continues, and the problem
Of securing satisfactory adjustment of
the difficulty that has arisen becomes
more and more complex. The Chinese
merchants declare they will not handle
American imports until the American
congress makes satisfactory changes
In the laws governing exclusion of Chi
nese from the United States. Although
congress has been in session since early
in December, no such legislation Is yet
In prospect. The Chinese minister at
Washington recently telegraphed his
government that it was extremely i'm
probable legislation such us the Chi
nese desire would be enacted.
The methods of the boycotters are
unique and characteristic of the orient.
The Chinese who are engaged in keep
ing American goods out Of their coun-
try do not hesitate to threaten with
death those who refuse to obey instruc-
tons. At Shanghai the Chinese agents
Of leading American firms have been
notified by their fellow subjects that
they must give up their employment
The river press. [volume] (Fort Benton, Mont.) 1880-current, 1906-02-14
For Dry Farming Experiments.

WASHINGTON, Feb. lO.-The Wash
ington delegation, together with repre-.
sentatives from Idaho, Wyoming,
Montana and other western states, an.
peared before the house committee on
agriculture today and urged an amend
ment to the agriculture appropriations
bill appropriately $50, 200 for dry
farming experiments in western states.
Great opposition to this appropriation
has occurred, owing to the fact that it
Is recognized that such an appropri-
alton will operate as a precedent for
similar appropriations from year to
year, increasing in amount each year.
Western members, realizing this, have
asked for the nominal sum of $40, 600,
with the expectation that it will be
greatly augmented when the bill
reaches the senate, and that similar
appropriations for much larger sums
a be obtained yearly hereafter,
Many believe that developments il
scientific dry farming will do more 70,
the west than national irrig alton,
Chairman w ellsworth assured the
delegation that the committee vii
authorize the appropriation of $40, OO(
as requested.
The river press. [volume] (Fort Benton, Mont.) 1880-current, 1906-02-14
Railroad Discussion In Senate.

WASHINGTON, Feb. Ex-senator
Lodge hurled a boom into the camp
OF the radical railway rate forces to.
day. He declared that the president
stood for the principles of a maximum
reasonable rate with power of review
by the court and branded as spurious
any rate bill protesting to carry the
administration support which does not
provide for judicial review. He said
he would vote for such a bill ever
though he doubted the wisdom of the
government rate.making and said the
house had accepted the administration
ideas of the Hepburn bill.
Senator Tillman introduced a bill
which is a veritable dragnct. 1t d.
reefs the interstate commerce commits
The river press. [volume] (Fort Benton, Mont.) 1880-current, 1906-02-14
A BIG MINING MERGER.
Montana Copper Wal IL Ended. According
to Wall Street Gossip.

SALT LAKE, Feb. ia special to
the Tribune from New York gives the
following account of a big merger al.
legged to be accomplished among min
ing interests in the west:
The important details of the cop
per, lead and smelling deal which has
been developed for months became
known to Wall street today. It can
be authoritatively stated that an in.
dustrial corporation which will in
| size rival the billion and q half dol.
lar United States Steel corporation
will result from the deal now pending.
Negotiations which have already sue.
ceeded assure the formation OF a cor.
poration with a minimum capitalize.
ton of 5000, 900, 900 in stock of one
class, to be underwritten at par. The
corporation will absolutely control
output of lead and copper ores, the
smelling of pres and the selling of the
refined products.
The Guggenheim interests, CONTROL.
ing the management of the American
Smelling and Refining company, are
directing negotiations, and have al.
lied with them the Standard Oil inter-
ests. which affords them the faculty of
the National City bank and other Fl.
nancial institutions.
The settlement of the, Montana Iii
cation between the Heinze and Anal
gamated Copper interests, officially
admitted by the latter today, was the
first step in the promotion of the mer-
ger. This settlement, though just ad-
mitted. was reached a good while ago.
First it is proposed to gather in at
least three separate groups-the Mon
tana group, the Utah group and the
Arizona group. The Guggenheims
will lead this great metal combinations,
but it is understood that +. a. Heinze
will be chief Of the copper department.
At the same time the American
Smelling and Refining company and
the various lead-producing properties
| which it now controls will form an
other section of the big combine. The
properties going into these various
sections or groups may be turned into
holding companies representing such
sections or groups.
Finally, when the desired properties
have been acquired, the stocks of the
various grouping companies will be
turned over 10 exchange for the stock
of the giant corporation above re.
ferred to.