The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1896-07-22
stocks.
Our Boston Letter.
BosroN. Mass. July 30. Is.

bOHlON, MISE, july ~, 1910.
The campaign OF education, as it is
called, is on and the political orators are
warming up to their work. 1t has
been the experience that politics is a
game in which the winner expects to
make large pot OF money for himself
and all his trends and relations. For
this reason the fight is often very bitter
and, instead OF campaign OF education,
II more often turns out to be a campaign
misrepresentation. One sidecla that
the declining prices OF the past twenty
years have been caused by the demoniti-
azatiOn of silver, while the other side sets
up for its argument that modern machin-
cry has so reduced the cost OF production
that prices have fallen on that account.
Both may be right, or partly right, and
both may be wrong Both arguments
look well enough on the surface, but who
shall decide whether or not either side il
right? There seems to be general agree
ment on both sides that the reduced in.
come OF the producing class has been the
cause OF the present distress and hard
ship among the people and OF the depres-
sion of business. Neither side appears TO
place much stress on the fact that Amer
lca has had to compete with India and
Argentina in agricultural products and
has been undersold right along, so that
IL az ha L.
pal one, of the lower prices now ruling
Tor farm products. IL is not clear how
Tree coinage OF silver would enable the
nited States to compete with these
countries unless the laboring man here is
reduced to the condition OF the laboring
man in those places, and this, no one
will allow, is at all desirable. However,
the fight will go on and the voters will
gather 20 hear their respective champions
and applaud their utterances, whether in
accordance with facts or not.
The stock market has been taking a
downward turn during the past week and
prices now average about the lowest for
the past two years. On the present Lever
it would seem good policy to buy the
better class of securities to Law away
until the market turns, as it certainly
will some day. Gold continues to 90
abroad and the treasury reserve is now
below the S10O,OOO,OOO mark. There
are rumors OF preparations for another
bond issue, and altogether the bear trad
ers are having quite picnic.
There have been no new DEVELOPMENTS
in the copper market and prices hold
steady at previous quotations of 11AM
liz cents for Lake, with business slowly
moving except for export, and here, the
demand is fairly large, absorbing all the
surplus production OF the mines not used
in home consumption.
The Bigelow- Lewssohn management
has adopted a commendable policy of il.
su ng Official statements occasionally To
stockholders, giving them some idea OF
the physical condition Of their properties.
The MERGED mill is to be shut down until
the ore reserves ia the lower levels have
been sufficiently opened to furnish the
mill with rock to stamp The upper
levels have been thoroughly tested and
the ore found to be of low grade and
Improbable to mine. The Boston &
Montana has sold its product far enough
ahead to warrant the payment OF regu-
lar quarterly dividends OF 81 per share
and an extra dividend Of 81 per share
payable in August and another extra of
a like amount to be paid in November.
Speculation in the mining shares has
been very dull recently and the trading
has been featureless. BEAN EATER.