The sun. [volume] (New York [N.Y.]) 1833-1916, 1907-10-17


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..r. fI" ,l ~, 81 ia" wai ksi
..,.. r ' w n.. nigh IN ng
. ., ~ loo Hem - neNu"s
vo-. p..u Z, Hriuyc. Henry
o.. G,HurI. attorney Myers
.. '..r. a t,.if-rrih. ,v,nsel for Gross 4
ta..sE emf sanford Robinson. counsel
.r ID. lui.Ni toppcr Company Nr.
,rI"r. -mI
- ... r, 20, .u ,' au advisory clpaci Y
~ lhrv are mai G hero" cfor.~ 10
%. .n ua. lu sha,p' TO- ~o.tnorrow Won
.,., con. sly whether they will NJ
,u, UIli.aluns IRE small and should
r.sIy be- provided Tor. Tho creditors ave
sr,ug cry dcceni'Y. / Augustus Heinze's
ranr doc not appear on a + ngle slip Of
payer
Mr. Hvers tcfrscd - make any stale
ment N regard to he conference, nor would
he -sy what hc PROPOSES 10 do IN case the
caFim OF Gross a klcei-rg il not satisfied
,o-diy. otto &. Han/e. however, eX-
pressed himself - confident that the DIM
cult"s will be ~sur'nount"d.
The minors which have been IN %circula-
tou to-day grossly ~eyaggcra;e the true
cond' ion II affairs Re said. Everything
vii j." satisfactorily arranged
Runners OF the troubles wore rite ~ Gay.
On account ~ 'h"m tSe 5r'noraii1a'ion in
United copper an1 other HoinZe SypNr titles
on the curb was communicated TO the Stock
Exchange. In the afternoon rad'ng there
the market sold OF more sharply than on
any previous la" since the market break
IN August. stocks generally recorded new
low averages for the gear. AMI in \ large
numher os he most important shares new
low records which were Tar below either
the March or the August bree.. In many
respect. ;hs days transactions were COM
parable ~ the Sreak "a ,he market or the
collapse or he tcene tool IN SomheIn
Pact four years ng".
+ Augustus He!nze and all liis associates
i' sisted again hat he had had nothing TO
do with the l,ckIess corner in United Copper
sn'; \, h. hoi said the day before. DO
+. ~, = manIcr or tha firm OF Otto lle;nze
So. and il was this firm tina, WINS heavily
iW"lns,'.. ~ tie corner The members oc
the rrn anp two brothers of r. Augustus
A.,l,'. Ot;pC. Feinze and Arthur y. Heinze.
AMI Niay u. schultz. lrthur r. He,rze
). %,l,rca'. aud j. was suii by all those
,'f'rast'i that ntto managsd the at
'arrtel corner wi.Eoui consultation with
~ brother /. augustus. Business $500
ciltss Of 1. ,ng,'si ls ere very free yests--
DAY m Expressing the opinion that cato
hal r.al. Va c~gragious blunier in his stock
mae operations.
Accordingly these members Of the Iieiny
r2ry. otto ard his associate in the msnipu-
ieron 4 the corner. became impressed
ast satrr lay With the idea that many
'narnet % orators hal sold the stock short.
for it declined more than 4 points on Satur-'
day. apparently under bear pressure They
ds'erminei 70 make a sharp drive on the
shorts and ON Monday bid up the price
from 81 to co and were successful in forcing
many shorts to cover. Encourages by
this success they determined to execute
On Tuesday a brilliant coup in the stock.
twenty Stock Exchange houses were
carrying Crited Copper stock at the direc- ,
lion # the man gers Of the corner Il was
decided 10 serve notices on ,hese IN oliver
Their stock at the earliest possible time,
which was , o'clock Tuesday afternoon.
II ls taken 10 have been the belief OF the