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Show IliOf BOSTON SEES SMELTER MATTER 1 I Xews Bureau Says (iuggenlioim Interests Ifavc Xot Tried to b"c Friendly. XBW SMELTER IS WELCOMED IX HAST Xo Compromise Likely Between flic Large Copper Interests of Country. 1 It is believed that (be capital ol' the uew suieltinjr company to compete with tin; GuKcnheiius will ho .2ij,000.00O, with 1 lie par value of Hie shares .l00 each, and wo are told that the above nniounl. of stock has been twice oversubscribed. It is not yet. known whether thero will be any public offer in of the shares, says the Boston News Burciu. Tn addition lo lho?e wliu.se names have alrcadj been mentioned as bavins: bav-ins: afliliat ous with tho now comjianv, will be William Rockefeller, I). Jl. Broutrhton. sou-in-law of H. II. Kocrers: 15. Corey of tho I'nitod .Stales Sloe) corporalion and II. C. Flick. In some quarters there has been talk of a compromise com-promise with the American Snieltiuj; and Refiuinc company. coiupromiso is impossible. Tho Amalgamated 'np-per 'np-per interests havo "brultca" with tbo Oncccnhoims ouco for all, and in the onsui 11 fr coullict it will be tho survivil of the fittest. Tho American .Smeliincr and Iteftninir companv luis $100,000,000 of outstanding capital nud in addition it iinrnntcps the n per cent cuniulativo preferred dividcuds on .VoO.OOD.OOO B preferred stock of thi Aincncun Smelters Smelt-ers Securities company. A well known mining engineer recently re-cently mado tho statomcut Unit he vvoulfl liko nothing; bolter than the cfun-missiou cfun-missiou to duplicate for $30,000,000 toe plants against which I he GuesrenbMiiia now have outstanding $100,000,000 of issued, capital. His belief that- the plaDts could be reproduce! for :'3 cent on tho dollar arises from tho dilnpidatcd. coudition of several of the smellers, the many obsolete methods employed and the extravagant manner in which construction con-struction money has been expended where there has been no adequate return. re-turn. Th has been no seiret among those who had knowledge- o the true situation that tho Guggonheiius wJjn their autocratic methods uot only in their treatment of the iudepondout niiu- cial Wall street interests as wtMl, were riding for a fall. The Amalgamated people ir nor deposed de-posed to ignore tho brilliant achievements achieve-ments of Daniel Guggenheim, who stands head and shoulders above all bis associates, nor to lay at his door ail the shortcomings of the lieutenants with which he has surrounded himself, it 16. nevertheless, a fact that the smelling smell-ing interests bv their refusal to cooperate co-operate with tho powers tint be in "Wall street when co-operation was essential es-sential to the best interests of all concerned con-cerned have bitter- antagonized men whose good will is not to be lightly csteomed. Convinced of their ability to go it alone, the Giiggenheims have treated with scorn many whose friendship friend-ship was. after all, in the long run, a ninttcr of dollars and cents. For instance, having supremo confidence con-fidence in their analysis of the silver situation, the smelter trust recently accumulated ac-cumulated au enormous amouut of silver opt borrowed heavily from the. banks against, it. Indifferent to tho signs of the times and tho heavy increase in the output, the Guggouheims refused lo sell any silver after repeated warniugs from those whose counsel was onlitled to respect. It now develops that their accumulation has recently been thrown on tho market under pressure from the hauks. This is the explanation of the rcceut break, in silver from 53 to 472 cents au ounce. any of the most valuable men on the company's metallurgical staff have been discharged during the past two or three years, and nothiug short of chaos describes the conditiou in thc administrative adminis-trative department of its affairs. Now York Mining Stocks. James A. Polloek & Co.. bankers and brokers. G West Second South street, furnish fur-nish tho following-, received over their private wire yesterday afternoon: LISTED STOCKS. I Salea.l If. L.. IC'lae Newhousc I?00 ft 54 55 Utah "Copper 300 -IGJ 4U 46a Term. Copper 3,00 15 -Hi 4o XISVv TORIC CUR13 RANGE. - ' j Sales.l H. L. Clse Cumberland Ely 1.0001 7tj 7? 71 Ely Con- ! ( ISe 17c 18c Bomln. Coppfr 1 i;00j3-lG.9-lt 0-16 Greene G. and S .'.( Sc Re 8c Nevada Utah 1.500! -rI 21 ! Nevada Smelter .... 200 111 Mitchell 5 . 3 Glroux Con u00 Gi Gi 63 .Kln'p Eflwarrf 1 I 1 Tihtic Mining- First Nat. Copper .. 00 7 75 71 Boston Coil '06 15S 15? 151 Nevada Con 5.000 10 IS 5 10 Yukon Gold 1001 49 '.I -M Moiit. Shoshone ! 1 2 1 Miami Copper 3,200 Klfi I2h 13? v El Rayo , -1 3? 4 Cobalt Central .22.000 5q1 u0& 51j NIW YORK' CURB CLOSE. I Bid. lAsktid. Butts nnd London. I B 6 Cumb'irland 'Ely 73 7Z Glroux Con 6i i Nevada Con 1U V.H Nevada, L'Uh 2 13-1G 21 Niplsslng , 10E 108 Ncwhoupe : 5 Tennessee Copper UiS Ml Utah Copper -1SJ 17 Davis Daly .. 34 3S Dominion Copper j Ely Central ? S Ely Con 15 IS Furnace Creek 12 l.l Greene G. and S., com.... 5. S Mitchell ' ' I ' a Montgomery Shoshone .... l Nevada Smelting- 1 1 1-1G Silver Queen 05 us Silver Leaf 12 14 King Edward J i Foster Cobalt ::s -13 Groone-Cananoa HI 115 Cobalt Central 51 52 MeKlnloy-Darragh 1 .00 1.02 Tlntie Mining 4 5 Gibraltar 2 4 First NBt. Copper ' 71 7e Roaton Con 15i 15 Yukon Gold 1 li-in l North Butte Exten ft 10 Salt Lake Copper 7 7S Miami Connor 131 iu Bay State Gas U ljj Pepna-Wyomlng ......... K' 27 El Rayo 35 j |