OCR Text |
Show COPPER WAR MAY END IN COMBINE. New York, Jan. 31. If one-half of the many reports that Wall street hears are true, the disastrous copper trade war, instituted by the Amalgamated Amalgam-ated Copper company and waged for some months, is practically over. The warring intefests, after a conflict which has resulted in breaking: the price of the metal six cents a pound and forcing forc-ing a reduction in the dividends of all the important companies, have, it is declared, come together and it is expected ex-pected that, in a few days, formal announcement an-nouncement of peace will be made. It is heard in some .quarters and credited that the peace understanding will result in a merger of all the important im-portant copper producing companies of this country, who, in their turn, -will work in perfect accord with the foreign companies, chief of which is the Rio Tinto, whose representative today had a conference with H. H. Rogers, president presi-dent of the Amalgamated company. Thomas W. Lawson at Boston today confirmed the story of the combine without onnlifieatioii oredictori the ne- cess of the plan, and declared this is the rainbow in the clouded copper sky of which he recently spoke. Butte. Mont., Jan. 31. Augustus W. Heinze, w-hen asked today In regard to the report that he had sold all his copper interests to the Amalgamated company, refused to either deny or confirm the story. |