OCR Text |
Show GO AFTER COPPER TRUST. NEW YORK, Jan. 26. At a meeting here yesterday representatives of the smaller metal dealers in New York, New Jersev and New England organized orga-nized the "Northeastern Metal Dealers association, and decided to call on United States Attorney-General Bonaparte Bona-parte to bring suit to prevent the formation of a combination of copper mining companies alleged to be now forming. The following telegram was authorized au-thorized and sent to the Attorney-General at Washington: "Proposed copper mine-trusts most harmful to us. Beg you to investigate this in the interests of middlemen and customers. Have sent particulars by mail. Northwestern Metal Dealers association." The letter to Attorney-General Bonaparte Bona-parte was not given out, but it was stated that it called attention to the present high prices of copper, and that it was proposed by the so-called trust to maintain the price or to increase it. The letter asserts that a foreign copper combination haa entered into an agreement agree-ment with the metal selling agencies in this country not to compete with the American concerns, and that a division di-vision of territory in Europe has been made between them. It is also alleged that this trust has stored large supplies of co"er, both in this country and in Europe, causing an artificial scarcity of the metal. President James Norton speaking of the complaints made by the association, associa-tion, said that seventy-five members in the association represented buvers of from 25.000,000 to 30.000,000 "pounds of copper annually, and that the West ern copper buyers were in thorough sympathy with the objects of the association. asso-ciation. President Norton will gn to Washington Wash-ington next week to see the Attorney-General. |