The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1911-05-23
MINES AND MINING, STOCKS


Greene wired Gov. Torres of Sonora
on the day of the contemplated at
tack nv Juan Cabral that the rebels
we're in overwhelming numbers ana
that a battle could not help but result
in great loss of life among Americans
and non. comi5atants, and that If a
hattie occurred the rebels would be
Joined bv the Americans and men at
the mines. you would have 5000 10
fight before IL would be over the
colonel wired.
To this message. Gov Torres sent
his answer to the commander Gen.
Chiapa. to desist from fighting II a
peaceable surrender under the honors
of war could oe accomplished.
Mr.. Pelzer states that Cananea Il
now peaceful and that so FAR as AM
orleans are concerned the country is
now safer thon at any time in it's his
tory.
"The authorities pow in control
realize that the Americans have help
ed tnem t. win the revolution" said
MIR Pelzer. and henccforth, Ameri-
cans and Mexicans viii be brothers.
The insurrecto authorities show thor
gratitude to Americans in many ways
and their loyalty to Americans will
last for all time"
Mr.. Pclzor states that Col. Greene
walked the streets of Cananea as the
rebels entered and that many took off
their hats to him, a. they passed ana
shouted, viva Greene!"
While for several months past, the
billion dollar copper consolidation has
been laid on the shelf, there have been
many minor consultations, as we'll as
the fostering Of a greater harmony
among the big producers of the red
metal. all of which have shown that as
many Of the threads were being gath
cred together as possible without fear
of Federal interference. The one thing
that has retarded the final consumma-
tion of the gigantic merger has heen
the unwilingness of its sponsors To
proceed until it was definitely known
what the attitude Of the lawmakers Of
the country would be toward the form
big business should take
With the rendering of the decision In
the Standard oil case, the Supreme
Court has indicated very clearly that
there is To be no unreasonable inter-
PROBATION Of the Sherman Act, and the
way is now paved for the designers
Of the merger that will unity the larg-
er copper producers of the country
Such a merger-and it is reasonable
to expect that il will begin to assume
more definite form now-will, it is be-
lieved affect the market price of every
good copper stock, whether the COM
pany is producer or a prospect, and
the opinion Of w. b. Thompson of the
firm of Thompson, Towle & Co, whose
interest in the porphyry coppers is as
large as any i'm the country, may be
taken as an indication as to the feeling
among the large copper interests. Mr.
/ Thompson says. ancnt the decision:
"The Interpretation Of the Supreme
Court Of the Sherman act is very graf
! flying. II seems TO me that no corpor-
alton. combination or individual. need
have any fear providing that they dc
] not attempt to monopolize an indus
try or unreasonably restrain trade
/ apparently. there is nothing to prevent
the continuation of the policy of the
/ larger copper producers Of amalga-
mating into large units, as there has
| been no intention or attempt made tC
monopolize the industry or by unfair
I means To create unnatural prices foi
the metal. such amalgamations having
| been made with the sole idea Of reduc-
/ ing costs and conserving resources
The court shows a decided intention
to uphold fair business methods, and
I think would uphold any effort made
To- conserve natural resources by fail
methods"