Show COPPER MINES AT BUTTE SHUT DOWN I t tI I Eight Thousand Men Thrown Out alii Employment of By the 3 Amalgamated Plants COPPER STOCKS COLLAPSE I Great Excitement on Wall 2 Street and Panic Would Create No Surprise e. t t Butte I Mont t. t Sept 3 12 Eight Right thOUsand thousand thou thou- sand and men en arc are out of or work In Butte Bulte I tonight n lt This Is the effect of oC the thc shut- shut J Ing n down o on n of or the Amalgamated plants s- s hore here tod today In anticipation of ot th the strike that was expected The shutdown was not nol unexpected as It ft was b lIe believed the thc company compan would woul beat the to tn to It by hy closing them then out nut I The Amal Amalgamated Iia has been heen producing pro pro- only ii per Iper cent of or Its ts normal 1 capacity and It was wR as argued some som lIm time I ago nogo that the the plant would cut down doun to j 40 10 per cent This It is said ald would be he h I Ij to affect the metal market by b curtail 1 curtailIng In Ing the Ute production which added to the I Impending strike of or the Butte Mineral ln I union II Is quite an advantage E to the 1 I Amalgamated j v The wages of or the thc miners were ad- ad I voluntarily a few months ago with tho the understanding that the thc r raise roise IfE y should hould be he effective as long as copper I l stayed at IS 1 S cents Copper COPIer hasn't stayed ared there then and a reduction In th the f J of labor Jabor was cont contemplated d. d with the certainty of t a strike I I J v. El t on j. j is j. Iemon IIi lIi- ri the he BY liv THOMAS AS C. C II New York Sept elt Now J 12 New l low lov w rec tee teea recI records I a In smelters melters Amalgamated d and Anaconda In lii New V York unit ami a further collapse of th the metal shares In Boston floston and London demoralized ed the stock steele market toda today III in the last hour This TUis collapse duo chiefly to th the policy of fir the United Metals Sol liner company In holding copper caliper at an nn artificial price erice and causing the accumulation of oC a n va vast ast t surplus stir sur plus but tin cause was wis the I announcement from tin the headquarters or of I tho copper COIpel trust that the mines or of tin th Amalgamated company compan would be te shut shutdown down don until the accumulated toil surplus of or I hi disposed d 0 of conference 1 wore n I In session In Jn the iho of loo of ot the UH copper trust throughout hout the th afternoon ati as lh r I f 14 d I in nin I surplus Iu ut n in r Jr i r. r 1 rJ h nII RUT tr I V lf l il d' d J t ld rt pf l- l tl L 17 tt J. 1 on kin V U the a bas Jr r fT tr t t t rc to il tt 11 fo o. o and today hit Tc 4 Ii Was cae cut both In New ea York 11 1 u l l Rb 1 h t the ta Ut to Lii el under 1 h c cent nl j. j and f ine C Ht itt th nt irI t The object et of nf f today's lolaY conference conference- W wa was q I Ito rh to decide tu to keep keel thin tho Ihl umbrella I f up or 1 in to n. n join in a nI movement m nt to 10 i t 1 texture c copper to a a. no b by selling at al Hie Uie Hieb b lett l prices win to tc the Iho thet t Itay In n. fj ii Hn t tl iJ l u tn t- t n ss-lik ss 1 f IK lit no fop nl j t Pf 41 tInY V n ahot e c F jents eLt In 11 r JI Ii f 7 T t tI bad on ori the market 1 waft wrt th the the- report r Henry 1 H L Honors HO r rJ J L It b n taken i dangerously u n l Ill ni rh The t I of this thin rumor could not be liC ascer ascer- jT tallied ni as all 11 persons in n position to tb know t the c facts refuted refused ru ed to t give any ny In- In In- In re reP that hut rumor whether lh r. r 1 ih nT I. Talfe had bud It It Its market t en eIT ct I. I i J. J t T t as ashe s h the he I ma t markt-t dOH 11 ha hankers ter n I rushed out In u n statement that lint the government gov gov- ov- ov WO jl deposit a large amount I In the banks b but bt butas t I 7 or of money Immediately 1 d as the situation In Wall Vall Wol street tr pt just now bow by b the mone money market fj bJ t I t un hail bad no ho effect feet 11 Would Hlf f T The e close iose w was ss s a slight improvement p i o over or r the worst figures tures of or the do dav da with wih t. t t K and irod and andery ery very p ll- ll b 4 4 No calamity in the w at world If It happened tomorrow would J t. t rl I i. i bo lie too great eat to surprise wan Wall street 10 Although It Ia may i so seem oem m foolish to make malte makei r i 3 the statement ment It is 19 a 0 fact that hundreds hun hun- 1 Thomas W. W believe J Of ot thousands 1 h Lawson is demonstrating his hiM celebrated alulI and Friday the Thirteenth theory Wall raH street Is almo almost t frightened out out of 0 I of h what somebody somebody some some- If iti II wits iH at the tle possibility what sore sore- body bod may mav tr try to doThe do io Th The substantial hankers bankers are are tired d of trying tn to tl hold I ih lh Ii market and their i. i Iloa bonsi ying t ed l iu bull hul I I u ig ii I la has a s a apparently h Tl lI t h belongs 1 liC been 0 Ii abandoned ha TI tO lo to an who I 1 o wants II it II |