The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1896-05-20
MINING.
stocks.
BOSTON May 10. 1895
Our Boston Letter.
BosToN, Mass, May Is, IS

OSao-'t sAsscS.t ~'e.S ~
An improved tone is to be noted in the
domestic copper market. Lake ingot is
quoted at 11@1lk cents, as against 10t
Q11cents week ago. The source OF the
Improvement may be found to some ex-
tent in the continued large demand for
the metal for export, although the do
nestle consumption holds very steady.
Manufacturers have been carrying no
great amount OF stock on hand and some
buying OF supplies has been going on
quietly, but effective in advancing prices
for all grades OF copper. The mining
companies have managed to keep pretty
well sold up and the small increase in
the demand was not to be satisfied at
current quotations. 1t is reported that
the Calumet and Hecla has sold large
quantities OF copper lately at top figures
for delivery all through the summer.
Electrolytlc copper is quoted at
1O&@10% cents and casting stock at 10t
@1Oh cents. The advancein prices, COM
ing as it does just alter the opening OF
navigation, Is an encouraging sign and
augues well for the immediate future, al
though the producers may take advant-
age of the better demand to increase their
production, which would result in de-
cline again in prices.
The usual monthly statistics Of the pro-
duction of copper and the exports OF the
metal from the United States show tor
April: United States production, II, 112
tons, against 13, 544 tons In April, 1895,
an increase of 3 ,56S tons; since January
1st, 6S, 622 tons, against 80, IL tons, an
increase OF 1851 tons. Exports from
the United States in April were 1905
tons. against SGT tons, an increase OF
5,007 tons; since January 1st, 3S,050
tons, against 20, 1S5 tons, an increase OF
1855 tons.
Advices from London state that an i'm
mense amount OF electrical work has been
planned to cost millions OF dollars, such
as equipping the tramways with electric
ity and the extension OF long distance
telephone lines. This will require con-
siderable quantity Of copper and is given
as reason for the higher prices recently
made for G. NJ. BIS, which have ad-
vanced amid much activity in the foreign
metal market during the past week, sell
ing at better figures than for long time.
Old Dominion copper stock is being
talked FOR rise on the dividend pros
poets. So was Butte & Boston not so
very long ago and by the same parties.
Although the public likes to be hum
bugged," it enjoys something new once in
while; so anything, but talk OF divi-
dends on the non-dividend paying Bige-
low-LewissohD mining stocks, would
serve better to induce the public to part
with its cash assets 10 exchange.for shares
In corporations about which little or
nothing is known, except to the insiders
and friends OF the directors.
Mr.. Leonard Lewissohn was in Boston
last week and expressed himself as very
bullish on the copper market, saying:
The foreign demand has exceeded all ex-
pectations and II il keeps up both Euro
pean and American consumers will be
buying copper at considerably higher
figures in the near future, notwithstand.
ing the large production. A great deal
OF copper has arrived from the Lake since |
the opening OF navigation. 1t has all |
haan ahaArhaA xaf har
les for more"
Politics is gaining more OF a foothold |
n Wall street than ought to be the case,
'ut the traders areglad to have some ex-
use for manipulating the market either
,ne way or the other. The good crop
eports are lost sight OF, the talk Of how
candidate stands upon
he money question. The situation other
wise. however, 10 not all that could be
Diplomatic relations between
he United States and Spain are severely
trained, and, ofcourse, England, France.
'ussia, Germany and other European
overs have chip on their shoulders
nd are waiting for something to happen
yer which they can fight. Then again,
small amount of gold is going abroad
,erv week, as this il the season when
Did shipments are expected and usually
cur. The horde OF American travellers
broad is increasing every year, and the
mount Of gold shipped abroad on this
count is no small quantity. Business