The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1896-11-25
Our Boston Letter.
BosToN Masa Nova,,,

posroN, MASS, November %.
Ihe stock market last week presented
lew new features aside from one or two
speclalties, In which there were individual
reasohs Tor any movement. Asa rule
She market was reactionary and cl sed
saturday MT the lowest point of the week.
atnough still near the highest of the
year 10 date. The anticipations of a
prolonged Doom alter the election seem
in iair way To be disappointed, unless
the pubiic comes into the market and
buys more freely than it has during the
past Two weeks. Prices have had a good
rise, but still are considerably below the
ngn-water mark OF last year and the
pulls argue that there is room for addi-
tional Improvement. On the other hand
the bears feel that a reaction is not only
due, but inevitable after such n sbarn
and rapid rise and that those who
bought, in anticipation OF an advance II
mckinley were elected, should now take
their prohts, in which event healthy re-
action would result and form the basis
oi another upward movement from u
lower level. The market seems to be
between hay and grass as it we're and
the speculative movement undoubtedly
lacks a leader to point the way and initi-
ate new features.
genera " healthy tone peryn,les the
mercantile circles and burineHs ia COM
mercial lines IL reported fairly brisk.
This IL especially 30 IN seasonable trades
while staple lines are -howing gratif, ing
Improvement although no radical boom
is in prospect. The money market on
which business prosperity no much de-
ponds, Ia much easier in tone and loaning
rates have declined to reasonable level,
The weekly bank statements from fiuan-
cial centers show an increase in loans,
which is indicative of more business and
the large increase in deposits indicates
that the boarding policy has teen aban-
doned and that millions of hitherto idle
funds will now circulate to the benefit OF
the working man and the capitalist.
All IN all, the outlook 10 bright notwith-
standing the backwardness of the stock
market. The latter, however, will come
around in time and resume the upward
course on which it started but a short
while ago.
The copper market gathers strength
from day to day as the movement ac-
CELEBRATES. A better demand for home
consumption is reported and there has
been no falling off in the demand for the
metal for export. The current year
promises to go out with firmer copper
market than has been witnessed In the
last month OF any year for long time.
The average price. OF copper for 1896,
also, will be an Improvement over any
recent year and 1897 will start in with
rose colored prospects in the copper mar
ket. Reports from the other side indi-
cate vast consumption OF copper in
England and on the continent, exceeding
Tor the time being the American con-
sumption, which tell off on account OF
the general business depression during
the past two years. Therevival OF trade
and industries here, which already has
had a good start, cannot fail to create a
larger demand for copper for home con-
sumption which may outstrip the pro-
duction although the mines undoubtedly
will increase their output almost as fast
as the market warrants.
There has been little news affecting the
copper shares during the past week and
the speculation therein has been dull and
deyoid OF interest. The low-priced cop
per shares have shown a little life and
promise TO come to the front just so soon
az the traders decide to make a turn in
the coppers.
The Calumet and Hecla's dividend OF
IS per share declared last Tuesday makes
the total payment tor this year $25. or
more than in any recent year.
The Butte 4 Boston deal hangs fire.
There is some doubt as to whether or not
the deal will go through. There are 30
many middle-men who want to make
something out OF it that it is doubtful ii
the DAVIS heirs get anything at all out
OF it, which, OF course, would be as much
as they would have received il the deal
never had been begun. 1t will make lit
tie difference to them whether they are
frozen out and their stock confscated or
whether they sell their stock and then
have to sacrifice the amount received Tor
commissions Tor Thomas, Richard and
Henry.
The exports OF copper from the United
States in October were 11,371 tons
against 3,773 tons in the same month
In yaar EvEpETT