The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1896-08-05

4 stocks recorded the lowest average price
thus far this year which was IA below
the lowest average OF last year, In
below the highest this year and l6a
below the highest OF 1895. Ii is gener-
ally said that the severe decline and pres
ent low prices OF securities is due to the
silver agitation. A number OF mining in
dustries and manufactures, also, have
been closed Tor an indefinite period, os-
tensibly for the same reason. Ii seems
strange, however, that nothing is heard
OF any new enterprises inaugurated or
idle mills starting up on account OF the
gold declarations which are embodied in
the republican platform. II the platform
of one party, for which defeat at the polls
is confidently predicted, has such wide
spread effect on business, why should not
the platform OF the other party, which
feels so sure of success, have an opposite
effect. The fact that il does not, shows
evidently that the cause OF recent events
has no connection whatever with the
declarations of either party and that the
calamity cry OF silver agitation" is
used simply as an excuse for the business
depression. The hard times now pre-
valent have arrived at an opportune
time for the campaign orators OF both
parties who spare no pains to tell the
people that the other party is to blame
NJ hat . h. ~ . has artv mas |
a revival OF business and prosperity.
Such IL the game of politics. However,
the campaign of education (?) is on and
a liberal quantity OF salt should be APP
Piled to the remarks and assertions OF all
the campaign spouters. Besides it would
be well to remember that in the past it
has been the experience that platforms
are made to stand on, only until after ell I
,ction.
1t has been an exceedingly dull week {
n the copper market, likewise in the
market for the copper mining securities.
have been narrow and with {
ut significance and there seems to be al q
lost no speculative interest in the min
~ list on the stock exchange. The an A
ual reports of the Calumet and Hecla {
nd Wolverine companies were received I
18th nonchalance, although making an {,
lcellent showing compared with previ- il
Us years. The absence OF many vital ID
atistics was the feature, as usual, OF k
he Calumet's report and was comment I'll
upon as before. The annual meeting W
the Calumet and Hecla stockholders is
} be held August 10, when it is expected
at President Agassiz will supplement =
e report, according to his usual GUS ID
IN, with remarks about the mine in re- e'
'onse to stockholders questions. II
The copper market is fiat and Lake IN
got is quoted at IL cents with electro ht
tic and casting brands in proportion. IL
etal brokers say that business is very co
il at present, but that there still is va
me movement on old contracts. The In
port movement is slower but OF fair th
lount. The statistical position of the al
tai is strong and there is little likeli- 81
cd OF break in prices at the moment. ci'
e foreign consumption OF copper has re-
reased enormously this year and has hr
ne far towards holding the market up M
this side. iii
The gold mining shares have taken a Tie
ok seat and it looks as though the 20
bile had lost all confidence in the gold on
ares now listed on the exchange. Re- CIV
It Developments in gold mining circles {
We served to create distrust and dis. 80
lrage investment in these securities. tn
E,.rnt,,,