The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1896-10-07
stocks.
boston, October 6 1896
Our Boston Letter.
BosToN, Mass, Octob'

The stock market last week was a
trader affair, The pnb c not appearing
ON the scene and with the likelihood OF
its not taxing AN active interest in stock
ep culatlon for some time. or at least
until after the election. The profession
al traders moved prices up and down
within "a narrow range, the week ending
with = Ices hut lttle changed from IA
week ago. II IL said that no dbwn~ard
movement al Importance il probable
until after he public haz come into the
market aud bought It's ill at still hiSher
prices than those nov quoted, when the
bears will have httle diff uity in bring
ing ab ,ut de-id.i rrartinn ny concert
ed raids 10 catch stop orders" assisted
10y the -,lhng If long stucN To RI lie
paper profits. NJ change ia sentiment
on the pnnucal ontlurt has taken place
and Wall -tr- still mly believes in the
success ut Maj r. MrKiulry at the polls
next November. The il flux Of gold
Threatens to cease fnr IA while. IA tx
change rates have risen above the gold
impnr ing point. due 90 the snaller fer
ings II common v bills and the matur-
inZ 81 -rrri loans. Up t. date some
SAB OOO. 900 /. IL ha~ arrived from Eu
rup- III the prr-rut gold movement nd
s.vera mill us mr. kn ,wn - he On the
way which will materially swell the
grand total. hen he NOV ment start
I'd &C wa calculated ihat S25, 600. 900, or
possibly ~ much ~ $40, 600, 900 gold d,
imp rted; the larger amount ha- served
we'll as n hull argument on the stork
market berId exceeding exp, citations
About o e-hulf If h. gold which ha= ar
rived ba- heen dep sit.d in the suh-treas-
NY bringing tue gold reserve up 70
1921, 900 600 IN round numbers and ha-
helped 60 Posture corfil"nc., in addition
to dispeli fears of another bond issue
by the gov ernmrnt.
The copper mining shares have been ac-
tive in quiet way during the past week.
Calumet and Hec'a ha- been noticea HI v
strong aud closed AT 3 ) bid and 32O
asked. The Calumrt and Hprla has paid
500 in dividend so far this year and
there are reasons for exporting another
81 payment hrIore The los. ~ the year
which will make $25 for it, 1896 reco d
or more than in any recent year. Bo-r on
& Montana after risiug above 30 settled
back Co SS. The dividend on ,OOC
hares oi Boston & Providence railroad
took, which il 10 per cent Guaranteed
,tock. was IF red for years dividend.
on / 900 shares II Montana and bids 70
call the stock ~ various prices around
30 for short period we're numerous
The -treer IL stiIl V"ssiping shout n 81
or S. dividend on Mnntsna In Nospmber
but conservative people Interested say
that they expect only So the So regular
for the quarter and the Promised 81
extra. Butte a Boston has advanced tc
3, hut nothing new relative 10 the PRO
posed reorganization plan has been devel
oped. ItIs stated that a special se. sior
Of the Montana circuit court will b. helC
Ortober 10 to give n hearing on tn
Butte case. particulars ~ " bich are lack
ing. Tecumseh hold firm on the expec
tation ~ further favorable develoDe
ments concerning the rich strike In tn
shaft. Likewi-e, O-croIa. wbicb In inter
ested in the outcome Of the exploration
in the Tecumseb mine. Pioneer gol'
stock has been strong on reports of In
vorable nature from the mine. At thu
annual meeting of the Pioneer stockhold
ers, TO be held this week, Mr.. Scott +
Bckford IL expected to be elected direc