The evening world. Newspaper, December 19, 1901, Page 11

120,000,000 POUNDS OF COPPER IDLE, ° WHILE PRICE KEEPS GOING DOWN. [p(s PUPILS OUT Trust Has Tons Upon Tons of the Product, | for Which There !sno Demand, but the Amalgamated Fight «\ in the Market Is as, } Bitter as Ever. Pte you happen to be a stockholder tn the Amalgamated Co: Company, a visit to Perth Amboy, N. J., will reveal ® partial reason for the sensational slump in the value of vour holdings. In the plant of the Raritan Copper Morks you will find 6,000,000 pounds cf cbpper lying idle—60,000.009 pounds of ara r ae THE WORLD: THURSDAY EVENING, DECEMBER 19, 1901, Sm 100 COLD: copper all ready for delivery to the con- sumer, but for which there is no de- mand. + Down in Baltimore, about the Baltl- #more Copper Works, another 6,00, pounds of the metal are, according to Henry L. Casey, the former salesman who precipitated the copper war, await- (ng purchasers, making the total amount of idle copper on the hands of the Copper Trust at the present time 120,000,000 pounds. With the surplus stock wtead!ly increasing and with an outlet as invisible as it was two months ago, those versed in the copper trade s that {t {s small wonder that the stock of the $15 Copper ‘Trust has de creased in value from $13) to $62 a share. ‘The Raritan Copper Works are merely an enormous refinery in which the cop- per brought from the mines of the trust is converted into shape for the manufac- turer's use. They are situated on the southwest outskirts of Perth Amboy, the whole plant covering seventy-flve acres of land. More than a score of shops, in which are the various processes for refining the metal, dot the ground, and hidden between them, almost in the centre ot the great plant, is the ‘open-air’ bonded warehouse in which nearly all of the 60,000,000 pounds of idle copper ts stored. Where the Copper Lies. ‘The warehouse t# nothing more than levelled piece of ground, covering @dout three acres, around which stands {7 & closed wooden fence. Between six| seven feet in height, the fence pre-| ts the curious from looking over to eee how large a stock !s on hand, while @ patrol of guards, on duty day and night, precludes the poseidility of etyanger entering cither of the two warehouse cates without a special Dermit. ‘Ag soon as the copper ts ready for the martet it fs bonded and placed tn this inclogure exactly as whiskey ts placed fm the bonded warchoums of Kentucky. Covered with a thin blanket of snow for there 16 no roof over this “open-air mwarehouse’—the 60,000,000 pounds of {dle copper lie there now, in row after row | ( vars, | ang pile upon pile. Piles of copper | varying from 2% to 6 feet In length, ptand within the inclosure, looking like Bo.many cords of wood. Copper cakes— eimtlar in form to large blocks of stone | —are placed one on top of another In of the warehouse, while flared about 0 irregalar hedpe are is upon hundreds of copper In- gots and tons of pls copper. Just now | many p pounds there are in each of these forms of the metal—the bars. cakes and ingots—no one connected With the plant will tell you, but at the present selling price of copper no less than _ $8,400,000 represented in that {nclosure. And this §.400,00 ts money lying {dle, not only not earning any in- terest, but costing its owners, the siock- | holders of ‘the Amalgamated Copper | jompany. @ pretty premium to Keep It Shenk nd Ingots may also be seen | scattered indiscriminately around the open grounds of the plant, but they are tow in number compared with the vast gmount stored within the high board ence. Returning ‘to the city from the re- finery The Evening World reporter met Henry Casey, the former salesman oa! the atten Metals Seliing Company. ‘Who, because he lost his a year lace in the company started. single aunded, the war which has hammered of the wor! forced the trust to declare a reduction in the price of Its metal from 17 to 14 cents. When the re- porter asked Mr. Casey {f he had abandoned his fight. the ex-salesman exclaimed: Casey Still in the Fight. “Casey abandon the fight?, Well, hard- ly. Casey's not the kind of man when he goes | lato a Siwcrap) t6 desist until hie enemy has bee: Sey down and out. No, oir; there'll be plenty, more battles be- the trust.” chee Ie is your next plan of attack’ asked the reporter. gras to that I have not as yet de- | xeen to It that hot'a pound of the cop: COPPER MILLS AT PERTH AMBOY. COMMITTEEMAN BARS 1.500 BROOKLYN CHILDREN. that No! Small Appropriation So Janitor WI U Keeping Fires And tt teal Janitor to hold the Job. wh atelock ¢ a MI through the nhave been sitting In the h thetr wraps on trying to 6 ows to absorb the little » at came in. The last janitor agust He sald be could n any: tonger. bie Hes in the ol we e tr sppropriation for this position ts only that $1.20, and no provision is made for 4 assistant. The Janitor must be a com- petent engineer and do all the cleaning or else pay for the work out of his own pocket. No man who ts capable of doing the work will take the place under the circumstances. There are elghteen on the Ist of men who have passed the ivil-service examination, but not one of them will accept John R. Compton, Chairman of the local committee, decided tostay that the health of the children was being Jeop- ardized, ana cloned the school. The grades are primary and grammar. “I hope," to an Evening" World ‘reporter. Ret sropria tion by through an additional AY appre the first of the fo open the school. we can do nothing.” WANT TO BUY A DOG? Uncle Sam Has One fur Sale, Also e Pair of Imported Bantams. Uncle Sam bas a dachshund pup and a pair of white bantams for sale. They arrived on the Deutschland on her last trip and nobody called at the pler to thus be ably the mean time Casey, assuming a wuting to trust doe. replied Mi the fit hi 8 they never how however, I'm dict everything they don't have so much to’ x0 ney will never let up the trust until he's got his yin arrears pald in full ‘Bt on ft, too. no my fight the trust was me off the copper map, ding would say, In- | . theyll admit now that going to wip as our friend doing a pretty falr business on his own account, And you may bank on ft though he's filled orders for lots of ¢ per since the trust flred him out, per he's delivered camo from a source which would put a penny Into the pockets of the trust.” “What {s your opinion as to the out- jook 2” queried the reporter. (Well, you have been down at Perth replied Mr. °Care: enking Aowhs ‘and carefully, “and the situation there speaks volumes in. ttself. sec nothing but dark days ahea took the copper trade nearly three years to get on its feet after the French syndl- cate went to smash In 188%, and I ven- ture to predict that nearly’ three years will elapse before the markets become thoroughly stable and prosperous again. Question of Alliance “An alliance with other big copper compantes—the only thing which would bring Immediate rellef to the Amalga- mated—cannot, in my opinion, be ac- complished. The independent companies would have everything to lose and noth- ing to gain by such an alliance, With 0,000,080) pounds of Idle copper on Its T can rt hands, do you auppore the trust would not selze upon the first opportunity to Wlapose of that surplus even at a he rice below an agreed-on rate? pendent companies realize are not going into any trust only to find, sooner or later, that the trust ts flooditig the market with tts | surplus stock at a price much below that | which the pool had agreed to maintain, “An alliance, an Tsay, 1s out of the! question, and when it comes to acquiring | controlling Interests In enough. other | mines to enable the trust to dictate to the world the situation for the trust Is nearly as bad. ‘The stockholders in the Amalgamated, having seen thelr hold- ings for which they patd par drop in value down to #2, would forget thelr safe combinations the moment a subscrip- ena acquire more property was sug- “The onty way Amalgamated can now secure — controllin; Interests in other mines 1s for the trust magnates themselves to go down Into thelr PLANNING & BIG COACHING SCHEME. FIFTH AVENUE COMPANY TO MAKE EXTENSION. wwe Have a Service on Riverside Drive and as Far North as Macomb’s Dam Bridge. i ome BY¥tth Avenue Coach Company !s about to extend ita service to Riverside Drtve and es far north as Macomb's Dam Bridge road. Stages may be also fun to the ferries in the lower part of the city, the privileges conferred upon the compafiy being practically unlimited. Barly in the new year electric stages of lighter construction and more lux- urlousty appointed then those in use in Fifth avenue will make regular trips from One Hundred and Twenty-fourth street south through Riverside Drive to Seventy-second street, where passengers may board other coaches and continue thus on thelr way downtown, The company has planned to link the Hudson embankment with the centre of the city, and later the service may be extended to other isolated rdaidence dis- tricts uptown. will be expended for clecttic coaches within the next year, and that even- tually the coaches may be run as far south as the Battery, , The residents along Riverside Drive a4 In favor of the improved tram™c pro- bosed by the company, and so far no \ ‘jand additional license of $9 a year for It 1s sald that $500,000] ‘pm opposition has been encountered towant the carrying out of the plans. According to W. J. Ryan, treasurer of the New York Electric Vehicle Trans- portation Company, whion controls the Fifth Avenue Coach Company, the lat- ter concern will pay the usual tax of five per cent. of ite gross recelpts and each stage. After many vicissitudes the original Fifth avenue stage Mne, which Elliott F. Shepard operated at a loss of $250,000, was sold at auction, in 1894, for $10,450. William C. Whitney {s the controlling factor of the present corporation, $$$ Mme. Calve at Lakewood. Among yesterday's arrivals at Lake- wood, N. J., were Mme, Emma Calve, accompanied by her adopted protegee and her companion, Mile. Veiliter, and rand 3 aire: J. J. Faye and family, of ° PROF. KOCH'S LYMPH INHALATION. TUBERCULENE CURES Asthma, Bronchitis, Consumption. About 3 yeare ago 1 hag re the aymptoma my moth- er had, who went that way, Tam nos well and gained cured, ty the octet at 1if Prof. Robt. Koch. Wr "22d "et, ways’ alee Dai of 857 Maley ot., Brooklyn, N.Y ee rhe German treatment ‘cutee over 80 per cent. e canes, After years of study with the microsec Kooh, of Berlin, foand the germs that piel pis and other jung troubles. Knowing the eduses of these diseases {t was easy to destroy Per $10. we Till send Prot. Koa halation appara your houve don" mor tari, . Examination free, 4 -o-lene cures catarrh and stomach troubles. or write for free testimonials to the only thorized by Koch In America to scare the orletnul cok ‘8 SANITARIUS, ie a" Weat zai ab, next to Earieh' and to secure enou ugh | fancy, men Who dischar re to put up, ued this di | mined, quick-| fr: 144-146 W. 125th St. e, finely aia, Cab: fe PPreet carved top, panel, SE jumns and lexs; value faremsoemmengs| 110.0; splendid 981 iy lguin, only.. $6.9 r polished Fh rinhow- ff n. high, IBLExIAs top, with brass |e galler Very fine piano polished quar-| tered oak or ma-| hogany finish Par- | lor Tables, like} festzn, — beautt-| fully curved top, | ‘0x2; value $5.50; | only Handsome Centre Tables, Hke design, fn finely polished quartered ouk, fancy top, shaped, valued, only Masatve solid golden onk, finely finished Sidchourds. ke dosign, 6 ft. 3 tn, bth, 48x23 shaped top 3x 18 French bevel Bmirror, 2 awell top drawers, topand West [25™5S7 Near 7 Ave. 7) Fane: ij OPEN EVENINGS TILL XMAS I and semi-panics, © temporary closing | “im the little travellers, down for two-thirds the worid's| MaySe the person to whom the dog copper, mines, with the miliiona of|und the chicks were consigned didn't Gelfarw losses’ that involves, a gradual] want to pay the Dingley. duty on the oy working off of the surplia stock of| The Cusiom-House has taken charge of copper at figures mucn. lower than ndless allens and will offer them those Ruoted: to. y, a slow re just sale at auction int arketand a natural re- conditions. Then, and copper trade be- itt ‘ous again 153-155 W. 124th St. HERE HE COMES! What the benevolent old gentleman intends putting into the time-honored stocking will be practically decided upon between to-day and Saturday evening. It would be most unwise to wait until next week with but two short days before Christmas. Make your purchases at once, this AFTERNOON or TO-NIGHT. And for economic and other good reasons this mammoth house should be first in serving you. Not a store in New York can duplicate its im- mense, bewildering display or its remarkably low prices ! Solid golden oak or mahogany finish hairs, Ike design, ‘adjust- igh Eaatens Ting pesitions; Deaks, Uke design, e wath revers- wide, with mirror, alue #10, 6 Frensh bev 1246 taches, only $6.75! wi th denim cushtos Sol!d golden oak Ladies! Write Deaks, like design —2) inches, wide, tint Sold golden. oak Pedestals, like design, 4x14 top, all fnely pol- ished, only $3.75! Pretty gla uke polls quar tere or fine maho iny Anish Saddle Seat Rockers, like design, Silver Novelties. Cut Glass, Gilt Clocks, Bric- rv a ue $4.7, only a-Brac, Statuary, Phono- graphs, &c. &c. Beautiful || $2.49 ! displays, Large, Quely carved and pollshed, mahog- Toys Sacrificed! jfectually, and the one you want, because it cures. It never Chatham Square: 12tst Street: 193 to 205 Park Row, 2226 to 2234 Third Ave., Chatham Square. Corner 12st St. EVERYTHING RELIABLE. EVERYTHING FOR HOUSEKEEPING. EVERYTHING REASONABLE. Everything for CHRISTMAS. OPEN EVENINGS. TZ 8 TANSIS Clothing on Credit for Men, Women and Children on the most LIBERAL TERMS. New York Store, 431 6th Av., nr. 324 $8, 405 ih Av., or, loth fe bnUUKLYN item St, Op. Elma PL Our headquarters for Diamonds, Watches anu Jewelry at 32 Maiden Lane, one flight up. Have your diamond set while you wait. THE FIRST POROUS PLASTER. The plaster the American people have been using for over fifty years —the one you can always rely on to do its work promptly, safely and ef- THAT THIS TRADE-MARK 1S ON EVERY PLASTER A FULL LINE oF CREDIT. jo0ds only. Legitimate prices. atative will call if desttea, “Ocods 4 on fret payment. American Wa.ch & - Diam nd Co, 19 MAIDEN Las ATOR. HARLEM BRANCH st burns or blisters, but soothes and relieves while curing. Avoid imitations, as they not only lack the peculiar, and remarkable qualities, which have made Allcock’s 4 Open successful, but are often harmful in their effects. CREDIT. CLOTHING, CLOAKS, WATCHES, DIAMONDS, JEWELRY and FURS. ‘The most uretul and appreciated presenta for. holtde ly of monthly MANHATTAN CLOTH New York Store: | Brooklyn Store: 14 2D AV! |_700 BROADWAY, det. Gth and mornin & Whipple ste, DENTAL, PARLORS 414 & 416 Fulton St. 54 West 23d St. (Second Door West Abrahars & Straus) porte Fiten sures.) 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