The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1896-10-29
stocks.
our Boston Letter.
BosToN. Mass, OctC

DCoAO-'s ,hurr.g CIbpOrI
The bulls started in again last week 70
make things lively in the stock market
and with considerable success, 80 far.
The average at the close OF the week was
higher than at any time since the bull
movemen. began in August, The pre-
vaililg factors were the improved politi-
cal feeling; the imports Of gold and the
rush OF grain to primary markets, giving
the railroads more business than could
be easily handled. The approach OF the
national election is finding the public
sentiment more inclined to view the stu
alton sensibly, which practically assures
the success of the sound money party.
Even II there should come no boom in
general business in the event of the repub-
lican victory, 1t is certain that things will
be no worse than at present and the
country will be saved from the baneful
effects Of deprecated currency. The
influx OF gold has been almost upprece-
dent, the total already amounting to
FfAfOOV,pOOs hDOul E<OgOOO,OOO OI
this gold has been deposited in the SUBJ
treasury and the balance has been
boarded. How long this boarding ten
dency 10 likely to last, cannot be foretold,
but 1t is hoped that it will not be long
after the election. The arrival OF half
az much gold from abroad would have
had considerable influence on the money
market under ordinary conditions. The
fact that high rates indicate scarcity OF
loanable funds, is sufficient evidence that
this gold il now boarded Reports from
large railroad ceDters in the west OF the
shortage OF freight cars and the block AIDES
resulting from the inability Of the eleva-
tors to handle the grain delivered by the
railroads, has beeni considered encourage
ing and az predicating increased earnings
for the railroads and better prices for
railway shares. The traffic, however,
has been nearly all one way so far and
the car famine il due almost as much to
the fact that the roads have not hauled
empty cars back TO inferior points, az il
il to the heavy shipments of grain from
inferior points TO the large shipping
centers, large railroad business il
built up on traffic going both ways, and
not on the hauling of empty cars one
way and the full cars the other way.
Altogether the market has maintained
it's professional aspect, the public not
taking part in the present speculation.
Brokers are advising customers lin their
market papers) TO buy stocks now and
make large profit on the advance,
which il expected after the election, but
AT the same time brokers are refusing to
open new accounts OF To enlarge their
old ones Perhaps the brokers prefer to
do all the buying themselves at present
and then let their customers come in
higher up, should the anticipated rise ar
rive on time.
The copper market has exhibited signs
OF firmness recently, which give hope OF
higher prices in the near future, although
not much OF an advance can be expected
until the domestic consumption OF the
metal has materially increased. Ii Ia
said that the exports now are mostly on
old contracts, but that does not matter
80 long IA the untitled orders are su fficient
to take about GO per cent OF the entire
output OF the American mines. Lake
ingot IL now quoted at 1OE cents bid and
IL cents asked with rumors OF refusals OF
orders for large amounts at 10Y cents.
The London copper market has ruled at
higher figures lately and has been active.