New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-02-04
COPPER PAPERS DRAWN
uERGFR NEARLY READY.
OnIu Antagonism of Chief Interests
Can Defeat Deal

.--sr regotiations about which there has
@, much talk for the last week or ten DAYS
tsvs now advanced 70 q point at winch they can
10000 almost completed. Little remains eH-
y = sie, the papers. and still the negotiations
- 5eIicste from the antsgonistic natures ~
. 80 men chief in interest that even a. TINS
-. they might he upset. and renewal OF the
-fsre on ever more bitter terms might result
-. bs said positively now that settlement
-, hs reached. hut r. be said that the end
,s1,, n sight unless some ruthless hand tears
-. ms ends 50 carefully brought together HE
.o.ts-ions have proceeded SO far that the papers
-. been drawn ND and are ready for the sig
ne. and il Is now expected by those behind
90 80 mar an announcement will be made in
few DAYS. ,., - ..
- ms concerned ia this affair and Just what
80, the combination would take 1t has been SAID
.-s,s-er-lv that the Gugsenhems were prime
a-s in II snd that the outcome would see the
American Smelling and Refining Company the
dominant tutereer iu the copper situation. But 1t
re been positively denied by members or tne
,.,,rrerhefr firm that they were IN any way con
cs-7e5 with the ANA Observation-Disclosures negotiations.
NJ that The American Smelling and RenninE COM
n,- ,-o,,l5 D. a member Of The new combination.
This -osror is gtIN held by them Jney sun as
ser mar they are not concerned IN me latest peace
,oxe hr- II Is added that there is no telling what
The future win bring forth American sneltlng j.
independent to-day, nut to-mo7roW may see II =
most potent and important factor. Ahd 'Aete -
no denying that the GUEgenheins are among Inc
largest holders n Analgamate6 stock
one thing may be regarded as settled. and mat
"a that the Levisohns largely interested IN any
settlement that is 10 be brought about. They are
among the principal factors 81 the copper IN
6usrrE and have immense mining Interests Jh7
relations Of the LeTyisOhns and A1alEarlaIeo nave
slua-s been harmonious. The LewlsOhns dispose
az thar copper through the United Metals Selling
commonly ne agents Of the trust In such negotia
lions as have been In progress II the GUggenheiTas
have not been the agents. there Is no one more
likely occupy that position than The b7Vlsoi-lis
A fortnight ago The LeWisoEns Incorporated lh
New Jersey a company called The Lswisohn MN
.ne and Exploration Company. Tho capital was
or1v 3 400 and the directors were openly acAnoWl-
edged ne temporary. j. was said that the 1apl-
tai 70 he largely increased. and that when
-te real directors were announced 6Tncrs mem
would he found some OF the best known men IN
the financial world. A guess has been made that
The Ultimate capitalization would lie S50W'9H but
facts have Yet been made public ana. there
Is reason 10 believe, will not be until the an
noUnoenaenr IS made OF the settlement between
l4einze and -AUlalgauar ed. Then the details or
rht LeVisohn project VIII also become public prop
eTty-
on me strength OF tho report Of the forthcoming
settlement copper stocks have been strong in the
market and have had a exceptional rise. both
nited Copper. the curb, and Anal garnated,
the regular exchange AmalgaTnated in the last !
week has Deel almost TO IL, with tradings il |
u.srlv - 90 shares United Copper reached a |
high level n ~ IL weak market Amaga- !!
mated closed yesterday At 1l4ss, after going as
closed yesterday at =, compared with IS on |
I-rlla-.