Arizona republican., 1912-12-12
Demand to Either Be EX- cused From M oney Trust' Hearing or to Be Given Immediate Hear ing Before Committee
MUST TAKE
 THEIR TURNS
Exhaustive Examination is Made of Alleged With drawal of Copper From Market in Scheme to Boost Price of Metal
ASSOCIATED PRESS DISPATCH

ASSOCIATED PRESS DISPATCH
 WASHINGTON. Dec l1.-An lrate group of New York bankers and brokers surrounded Samuel Inter myer counsel for the banking and currency committee of the house when the committee adjourned the money trust" hearing late today. and demanded either to be excused or placed on the stand at once. The New York men who have been in Washington since Monday were told tonight by Untermyer they will have to wait their turns in the eNamina- ton
 At the hearing today the withhold ing of vast amounts of copper from the market during l907 was discussed in connection with the stock market transaction in Amalgamated Copper stock by Tobias Wolfson. assistant manager of the United Metals Selling Company The Hooking pool of 1909 was discussed by Pvrlcy Morse, q public accountant who went over the books of the companies engaged in the pool.
 Wolfson testified that from Apri. to october, 1907, his company. Of which H IT. Rogers and William Rockefeller are members, accumulated vast holdings of copper. The market price. he said was 25 cents pound, | but the sales during that time amounted to about 935, ,00o pounds. as against 11,362. .OOo in March of that year.
 WoIfson said that his company l held the metal because to have sold l it would have forced the price down 1 and embarrassed the producing com ranies The United Selling Company l advanced the money on metal to pro ducing companies that wished to sell i through it. The company. he said. was finally forced to dump the metal on the market in October 1907 ;.During all this time the price Of Amalgamated Copper on the stock | market was held up by the price of metal. was it not?' asked Inter myer
 II can't say. I don't know any thing about the stock market" an | swered Wolfson.
 Untermyer produced record of the operations of Amalgamated stock from 1900 to date to show that there | vas great activity in the purchase of the stock for the year prior to March, l 1907. That was the time when the
 metal was being held he said, and
 great quantities were stock sold on
 the exchange. evidently from the ac- cumalatioD of former purchases. De-
 spite the sales of 2,147.005 shares in
 March of that year, the price, which
 had been 121. was maintained there
 after during the period the copper
 metal was held. until. when the meta
 was released in October the stock
 droppepd to 56.
 Untermyer endeaVored to get Wolf son to connect those two transac-
 tions, but without result.
 Wolfson said that about that time
 the company controlled the sale o
 about 56 per cent of the entire cop . per output of the country.
 1 In the group waiting to testify were
 Rudolph A. Keppler. former presi'
 dent and member of the law commit
 tee of the New York stock exchange
 George W. Bly,. secretary of the eX
 change; Frank Sturgis and John G
 Milburn, counsel for the exchange
 and the following brokers: Waite Taylor. Henry K. Pomeroy, Samue
 F. Streit. H. J. GoOdhart. C. w. Fur
 ner, John H. Griesel and Henry Con
 tent John Ashergen. president of tn t New York produce exchange. is als . waiting examination