Show GUGGENHEIMS CLOSE DEAL fOR TENNESSEE COPPER That tho iho Guggenheims Intend Intond to become be be- come factors in hi the tho copper market and c eventually to be the tho leaders has been I known know l ever since they took an interest I Copper and anti built their first copper copper cop cop- per r smelter at Garfield They control the Je lead d market to a considerable extent and have havo already become tho second largest agency for copper metal They have just recently recent make a coup off of the United Metals Selling company by I for the American Smelting and ReI Ro- Ro I fining company the output from the Tennessee Ten Ten- Copper Copper company compan Of Ot this the News Buteau has the following to say Our announcement lt that the Amalgamated Amalga Amalga- mated mated- mated agency ag agency ncy had lost the selling of the product of the Tennessee Copper company company com corn pany and that this selling would henceforth hence hence- forth go so to the Guggenheims represents the second Important contract which the United Metals Seln Selling company has this year car lost and lost to the tho same tors The other contract referred to was wa wa that of the Boston Poston Con Consolidated company since merged into the Utah Copper com com- pany puny Purin the tho past past two or three thre years years f fr very overy r selling contract which the Metals feln Selling company ha has lost has go gone no to the Guggenheims thereby Materially strengthening the latter's later's position in the cooper coter selling industry The mot moet astonishing feature of th the Tennessee Copper com company pan development is' is tha t this company is con controlled by the of the tho late Leonard Lewisohn who in Jn his Jay day was the most prominent factor fac fac- tor In the copper seln selling business bustness in this country It I was to this business of Mr ohn and arid his brother that the United Metals Seln Selling company succeeded In 1899 Th have always alwa's been understood understood under under- stood tood to have a largo large large Interest in the shares hares of the United Metals Seln Selling corn com company 00 pany which makes the loss Joss of the Tennessee Tennessee Ten Tori- contract al 11 the tho more si significant Tho The purchase b by the Gugenheim Guggenheims of a targe ar e interest In the Tenne Tennessee ee Conner company probably explains the thc shifting of t nten ts From now nOW out the product of the Tennessee Ten Ten- see nl Copper Copper- will wi be refined before sale the product has been been marketed in the form of pig piff cooper of nt which the tho annual production has been in the neighborhood of pounds A Hi current T rate of or production and arid arid's tl s 's the Tennessee output credited to the Guggenheim agency United Metals company f te li figured to be handling pounds of copter copner a year war aa i t pounds for the Gug- Gug ims |