The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1896-11-11
MINING.
stocks.
Our Boston Letter.

BOSTON, Mass, November g.
The elevation of Major Mckinley wa.
the signal for boom in the stock mar
ket. The temper OF the traders and the
speculative public was Just right for such
an event and the opportunity was i'm.
proved last week. At the close Saturday
the active price OF the New York stocks
was at the highest point Of the year to
date, an advance OF slightly over 9k
points from the low point in August,
when the lowest average price was rec
orded. Ii has been long time since the
conditions have been so favorable for a
boom as they now are and the occasion
IL welcomed on every hand. OF course,
the great event was discounted TO some
extent, but not until the actual returns
made 1t absolutely certain that the gold
men had defeated the silyerites, did the
stock market begin to feel the full effects
oil the victory, which was hailed az the
harbinger OF future national prosperity.
meaning better times for the farmer as
well IA for the manufacturer Luckily
Tor the country, there were enough vot-
ers who had experienced the hard times.
last occasioned by an inflated and depre-
ciated currency, to turn the rising tide OF
sentiment for free silver and an abundant
circulating medium and TO act az a safe
~ valve in keeping the credit OF the coun-
try on par with that OF the other most
civilized nations OF the world. The
younger generation, OF course, cannot
realize the danger from which they have
escaped, so il remains for the next con-
gress TO pass such laws az will put aside
forever any danger which may arise in
the future from similar sentiment. The
silver party has been defeated, but not
wiped out and another four years will
find it again 10 the field looking for new
converts and fighting for the control OF
theexecutive and legislative departments
OF these United States of America. The
economic conditions, which brought
about the fall in prices of all articles OF
production during the past twenty-five
or thirty years, still exist and, no doubt.
will continue to work in the same way
for years to come, unless those conditions
are changed by International action and
agreement. The decline in the market
value OF bushel Of wheat was not the
result OF the currency legislation of the
United States or OF any other individual
nation; il has been the result OF the COM
petition OF the farmers Of the United
States with the wheat growers of other
countries where labor is cheaper and
where il has been possible to undersell
the American producer in the markets OF
the world. The same il true OF almost
every other commodity and this fact
must be driven home to the dissatisfied.
who are clamoring Tor free silver and a
deprecated currency because their debts
have been burdensome and greater than
heir resources Too much credit and
heavy mortgages have caused great
Zeal OF distress among the farmers OF the
west, but the question cannot be solved
n the populistic way OF having the gov
u nment establish fixed market price
or agricultural products, nor in the dem
,cratic way OF raising prices through the
Medium OF an inflated and deprecated
currency. The true solution, undoubted-
v, will be discovered some day. Mean
vhile IL is better that this country should
ontinue in it's position a. the foremost
nd leading nation OF tho world. AZ
,ast. 90 the voters have decided.
The copper market still pursues the
ven tenor OF its way, but quotations are |
rm at ruling figures Of 10's@1 cents for ]