Daily Colonist (1903-03-10) by Unknown

Author:Unknown
Language: eng
Format: epub
Tags: British Columbia; Newspapers
Published: 1903-03-25T16:00:00+00:00

Standard Oil

Is Copper King

Rockefeiier and Associates in Absolute Control of ^line^al Output.

United Capita! of Companies Is $500,000,000 M early.

Ai-c(inlii].^- til rc-i.ciit New Yorl; lU's-IKilclu'u tlio i>la:uliiril Oil iiiti'it.'.si.s miw control the uutiro copijer tniile. This is said to include the li. C. Copper coiii-fiiny. .Tlio couipauics uow coutroUeii by i.Ur. llockefeller and liis assochitts iirc iits follows

LVinali:. Copper

I ■nitoil Oopjior Co..,

J^:iki' Ciiiipi'i- Co... ("aliunet iN: llccliii., I'nitc'il Verdo

( rl'Ol'H 'Cull

-Uloucn

British Ci>liinil(iii...

.■.Moiitrpiil & Bostou.

• Jiiiiicy Compiiuy...

'rmnanick

[Teiincissce ,

Total

..?.l 00,000, CKK) . SO.OOO.OiK . 155,000,000 . a,yOO,000

;i,ooo,ooo

0. 000.000

.. :.',50o,ooo

1, 'J50,00^J

;5,ooo,<x)o

1,500,000 5,000,(JIKJ

..■nUT.L'oO.OOO

lie lias made iho Uuilcd Aletals Solliuff coiiipaiiy 'buar tlie .saiiio relation to juel-:il(i as tlio Standard OU company doe.s to oils. This was iikuIo maiurust today. It iirovcs Jiow iiR'vitalily all stieuiiis of wealth How toward Ituelcetelk-r.

Having mastered the lleiiizes, wlium lie Jia.s been iliiclitnii,' lur years in uie conns, ho wiili(li-ew j'estenli^y witu his uViiialicaiiiated Copper eonipany Irom the Copper assoeiatRin, thereby maUiiif,' U alisointely iiin]os:~iblo I'm- llie pnldie in iliitnre to know the amonui vl eoiiper liroilueed. This biow desu-eyed tlie as-soeiiition aiul after ;i I'oriiial tiuetius at the olhcu of John Stanton, in 'William fJtreet, the ossociatiou adjourned I'or a inontb, whcu it AVill undoubtedly disband. '

a^ho action of the Atnalganmted Ooi>pcx company iiud its u.legcd interests in inth-drawing from the Copper Producers' a.ssofiitttlon is generally accepted in Wall streot an the lirst move in an attempt on the part of llio siiceiilatiin; eiomont in the Standard Oil couiiiaiiy to hootn illie copper stocks. The coiiper iiool interfered with the manipulation of "cappers" liecautie it insisted in the policy of publitity. Its practice was to publish monthly tlie eoinjdelo statistics of the coiiper trade. It told llie aiuoaut of cupper produced and consuUK.'d, thj amount re(inired for c-oiisuniptioii abroad jiiid the inmiiiiit'actually exp(n-teil. l{y j ido pi jiieaiis of t liese st'atisticf; the public was able to tell very closely whether the copper eonipuiiies were inakiiiL; or losing; Jinniey, and lliercl'ore it could not be 'fooled into buying worthless .slocks nor tloceived as to the earning capacity of various tiropertios.

iSriXJCK.^ CO SOARING.

The pi'ieo of copper t<toeks went snaring on tlie e.\cliaugos and on the curb. IKIven the "imps," as the purely isiieeii-itttivo copper tjtockt) are culled, rose erteadily.

■The price of copper metal roser oiie-uigbth of a cent to the hi^jhest mark ijincc the celciuMtoil break from IT cent-. This jint Lake cippor to l.'i'/s-

I't was reported from llustun ihiil at. Trenton tlie l.akii Coiiper riiMi|)aiiy, ivilh fl^l."."),0(10,000 caidtal, wiiuld hr I'lM-in'Ml In take over ihe slocks of the Lcwisolin's i-oppcr laiisi' and the Thomas W. Jjaw--1)11 tri-niouii 1 a iij pnipcrtict^, thus ilis-olosiiig the fai-L that Ivawson would no', •he lei't out in the coid in tlie peacemaking.

It WiiK also ,-)iiiionneed that Seiial ir W. A. Ciark liail resumed llic op'.'ration •of his railed N'crde iniin's, ->vhich had •hr.eii idle a Ioiil: t.mr, and iliat this iiiclai •would bi! so'd tlironi-!i the h'uited Metals lieiliug (ompauy.

The Green Coiifolidnted had long ai: ' heen ncariired for the KockfcllerH and

even tho Southern group, consistjug of the a'ennesfiee.

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