The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1896-08-07
MINING.
stocks
BosroS. August q. lsee
Copper.

SOGBtEs
The copper circular issued by Messrs
ID. Houston \ Co, the metal brokers O
Platt street, New York, under date G
August l 4, 1896. says:
The present period of the nations his
tory il one iraught with big possibilitie.
that Will either prove for the nations
honor or the reverse.
The prevailing and dominant question
OF the hour now agtating the country is,
shall the present gold standard" be
maintained invlolable, or shall free sill
yer coinage be adopted as the medium
OF value? The various political parties
OF the country are arranging themselves
IN serted ranks Tor a mighty effort TO de-
eide and settle the absorbing question
The crisis Is on and cannot be evaded
ana Notwithstanding the free slverites"
are preparing to put forth herculean IF.
forts To attain the goal of their ambition.
we have faith enough to believe that the
ballot box in November will settle the
question IN favor OF the present standard
OF gold.
The idea Of replacing gold with silver
as the unit OF value IA this country, and
place ourselves in conflict with European
AobfNhF " nv lNNAE uiLt a kOlu DAklr ONLY.
would he fatal mistake. Adopt free
silver in this country and the result
would be dishOnor, disaster aud ruin TO
all claEses-to the wage Garner. the arti.
san, the farmer, toe merchant and the
capitalist alike, for all are dependant one
upon another. To adopt the free silver
dollar. worth some 53 cents, AZ against
leo cents IN the gold dollar. would be to
beckon with both hands inevitable disas.
ter. Patriotism, the future prosperity of
the country, seltinterest and preserya.
ton all demand a currency and a finsn-
cial policy that viii pass uuchallenged in
any ana every part Of the civilized world.
topper the past month has been one
oi unusual dul7es- ia thecOppsr market.
with tbr price OF Lake gradually receding
from H. 10 Ii cents During the mid
summer season, operations are naturally
expected 20 he on restricted scale but
owing 10 recent Developments in politi- |
cal circits ana the chaotic condition of |
sentiment on the ail-absOrbing financial |
question, the trade l. not disposed IN |
launch out AZ wOuld be- the case under |
ordinary circumstances but have adopt.
I'd policy OF pronounced conservatism
which has tended 10 cOnfine business
mostly within the limits of actual re-
duireiuenta. Consumers being fairly well
supplied with the raw material necessary
TO meet current demand, they have nor |
taken much active part in the market
their attitude lately being that ofpassive
lockers on. This course cannot be pur-
sued indefinitely, however. IA the period
is drawing nearer when manufacturers
must replenish their stock OF conner nv
liberal purchases.
The foreign situation isone OF marked
contrast with the domestic position
European consumption has been ateadily
increasing, and latest advices Indicate
bright prospects for "A continued heavy
demand. All branches OF business i'm
when copper figures IL particularly ne
tive on the other side Of the Atlantic In
England alone, the consumption of cop
per curing the hrst six months of this
wear exceeds that Tor the entire year of
1850 when the French syndicate was in
operation ana almost equals that for
the whole of 1892 The increaseis ar rho
rate OF about % per cent. compared with
the first xix months Of 1895. Consumn-
ton OF copper in England and France for
the first half Of 1896 il returned ar G1
JG3 tons, or 3,6i5 tons more than rho
.otal American copper exports TO ali
Countries during the same period The
quantity OF copper consumed bv these
wo countries Tor the six months ending
nne 30, Is equivalent to 81 per cent of
he entire United States production M
he maximum rate Of output. There has
cen large increase Of communion in
Germany also, and regular heavy shin
ienis 70 other European ports furnish
mple evidence OF the growing demand
Dr. copper throughout the continent M
'urope. In addition thereto, continual
lro6ds into foreign stocks of conner v
ave constantly been taking place until O
'e aggregate stocks of G. NJ. b. conner h
now small indeed, and it il understood | q
lese have become concentrated in few
.rong hands. 10 fact, the world wide :,
)rltl0n OF copper per So, at present an "
'hrs 10 be most healthy aud promis- 8
x one, and u would not be surnrisino h
witness sharp advance in the mar n,
= value OF the metal before many weeks al
lpse. =.
Lowest and highest prices Of conner o.
ring July, 1876: Lake copper. New 81
)rk. Cents per pound Lowest. II. ="
chest, ii 30. G.. VI b. spot conner
,ndon. Lowest, SIS "a Cd: highest
. 12s Cd.
London sales 81 g. VI. b. conner in ~
~ amounted TO $50 tons. A wear Jr
o Lake copper was ~ cents strong pJ
IN the London market considerably IN
ow what 10 IL today.
copper production, in long tons. as
ows: I'm