Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1910-03-24

mines in the year 1903, 5icGl. los pounds
of copper. an Increase Of 2 p@r cent.
over the 52,9-S,GS6 pounds, the output
of 1,yhS
Washing observation-disclosures mate
rial imports continue to show an in
crease. while manufacturers show i'll
most cases It decline from last year.
February showed Increases in imports
of hides and skins. Irdia rubber, WOOL
tin. cotton. nitrate of soda. wood pulp,
fur skins. coal sugar. leaf tobacco
and diamonds. cut and uncut.
Boston-The. continued strength in
Butte Coalition and the break in
CRANKY OF IS points. to 65, We're the
features o. the early trading in the
Boston market. The copper shares in
ger erai were firm, with the volume of
trading small
Chicago-Fedcral arbitration award
will affect 5000 sWitchmen and cost the
! roads $1250.000. Vice Pres. Gray ot
Frisco in dissenting from the award,
| held that roads We're unable to bear the
| expense and that Pere Marquette,
| Great Western and Chicago Terminal
| would be irreparably injured.
Tho threatened litigation against the
| management of the Dominion Copper
Co. the predecessor of the New Do
! minion Copper Co. promises to be a
long drawn out affair, and not until
later in the summer does there appear
to be any chance OF suit being brought
in the United States.
New York--Tt is believed by certain
copper interests that the merger of
the Amagamatcd mines will mark the
first step toward consolidation of the
latter with the Guggenheim and Cole
Ryan properties; that is, if Washing
ton developments are favorable to a
transaction of this kind.
That the big copper merger was
snelved as a result of the Standard Oil
decision there is no question. and for
this reason the consensus of opinion is
that there can be no utilization of the
different groups of properties mem
toned until the final outcome of the
STANDARD Oil and Tobacco suits Is
known
Copper interests identified with the pro-
posed merger insist that plans for great
consolidation have not been abandoned.
| they are simply held in allegiance. They
point to the merger of the GuSgenhelm
properties and Butte mines as proof that
some progress has been made, notwith-
standing adverse legislation. With the
Amalgamated and Guggenheim properties
merged, a greater consolidation they say
| is simplified.
If the trade is put through, Morgan and
| Rockefeller interests will manage It.
| While the interests identified with the
proposed merger state that 1t IS not IN
| tended to curtail production, it would be
strange if a general concentration of the
| large copper companies of this country
| was followed by a continued increase IN
production and the piling up of stocks IN
| the face of the fact that consumption was
| exceeding output.
| Independent copper interests feel certain
| that the coming together of several OF
! the large copper groups means the ulti-
| mate regulation of output In other
| words the policy of the United states
| Steel Corporation to produce only enough
| steel to satisfy the wants of the country
| without adding to stocks will be adopted
| If the promoters of the greater copper
| combination desire to secure control OF
| the Utah Copper Co. the outstanding Ne
! vada Consolidated stock will not prove
| an obstruction. The large holders Of Ne
| vada shares have all expressed their Will
| insness to deal with the group of tinan-
| ciers and mine owners supposed to ne
| back of the proposed merger In otheI
| words. they will sell out their stock II the
| price offered is satisfactory.
| The general impression is that the Ma
| vaIa Consolidated Copper Co, Utah Cop
| per Co, Butte Coalition, Amalgamated
| and its subsidiaries and the Cole-kyal
| properties WILL in time. be absorbed by
| the Anaconda. That is. if such merger
| can he brought about without violating
| federal laws.
| II is not likely that the Amalgamat' %
will vote upon the disposition of ITS as
| sets to Anaconda in the near future
| Therefore there win be little change IN
the present capital stock of the Anaconda
company for some time to come. IL IS
| claimed that nowhere near the $500"
additional shares of Anaconda Will oe
needed for merging the various Butts
properties.