The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1896-10-14
MINING.
stocks.
Our Boston Letter.

BosToN, Mass, October ~.
The bears have been somewhat in evil
denee IN the stock market during the
past week and prices declined steadily
every day, being at the lowest point OF
the week at the close on Saturday The
bears not only have been more numer.
Gus than the bulls, but they have sue
eeeded in making their presence felt
among investors as we'll "a spectators.
There has been no radical change in the
situation from two weeks ago, when the
bulls bad full sway and were making
things hum ar they bid up the market on
the gold movement. The foreign ex-
change market was weak again last
week aud the total gold importations
were swelled by the engagement abroad
OF several more millions Of gold for ship
ment TO this country, making the total
now somewhat IN excess OF SOL .0OO. 900
or twice a. much as was expected at the
beginning OF the influx OF the precious
metal. la view OF the strong Mckinley
sentiment in Wall street, it would not
seem a. though the Georgia and Florida
elections could have been the cause OF the
altered feeling among the traders. for the
result IN those two States. practically,
was known before or as well known az
what the result will be OF the election in
New York or Massachusetts,. Whether
or not it was the election in those two
southern States, unfavorable Mckinley
reports from the doubtful States or lust
subterfuge OF the professional traders
20 create a bearish sentiment and TO de.
press prices, Is not certain, but that the
sentiment has changed is a fact and in.
stead OF talking confidently OF the sue.
cess OF the republican candidate at the
polls next month, the brokers are gossip
ing about lin the event OF the election Of
MIR. Bryan" and that il no idle rumor M
any number Of the brokers' customers
could testify having received requests for
additional margins on account OF the un.
certainty OF the immediate future in the
money market pending the result OF the
battle oil the ballots. Such a course. not
only will create a bearish sentiment. but
VIII tend To deDress prices when the H.
quotation OF weakly margined accounts
becomes necessary il the additional mar.
gins are not forthcoming. These same
brokers publicly depricate the circulation
Cf ruinors calculated to unsettle conf.
denee, while privately they do not hest
t''e TO create any amount of disturbance
in the share market.
Boston & Montana has been n weaL
nature OF the mining list on local hoard
losing about six points for the week. No
news cropped out, however, until Afr
the close Saturday when il was renorted
that portion OF the Montapa's sme,,.
ing plant at the Great Falls had been
closed down throwing 200 employees
out OF work aud from all that could no
gathered the men expected suspension
Of the entire operations in the mine and
smelling and electrolytic plants. The
Butte paper containing the d spatch an
nouncIng the shut down, said that there
were no differences between the men and
the management, and that everybody
was at loss TO understand the reason
for the curtailment. Possibly 1t was
done for effect on the stock market or
may be the Iron Horse" OF the Butte &
Boston mine has been stsbledin the Mon
tana mine for while. President Bige-
low IL out of town and none Of the other
officials had anything to say in relation
to the story. Under the circumstances
Montana is likely 10 sell considerably
lower this week unless official denials