The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1897-12-22

state OF affairs, and IL will make it more
difficult for the New England msnuiact
urers To do business after the strike
have been settled Aside from this one
{ adverse feature the general business stu
alton must be said TO be fairly good
Boot aud shoe factories and wooden mills
have BEEN running on full time and have
plenty of orders ahead. The resumption
, Of he importation OF woods indicates
that the immense stock brought in be.
fore the enactment of the last tariff has
been consumed.
= The copper market appears to be in a
better position than a month ago when
ir was unknown just which way the price
OF Lake ingot would go next. The fact
that the Calumet and Hecla company
saw bic to ask l 1 cents for their copper
for the next three months indicates that
the weakness OF the market a few weeks
ago was artificial, and the result of
manipt lation in the interest of the con-
sum,rs " no were looking out for an op
portunity 10 depress the market 40 es to
be able to buy their winter supplies as
cheap'y as possible. Some of the local
mining companies are well sold up ahead
and are refusing bids OF IL cents for cop
per as they have no stocks on hand and
do not care To make contracts too far
ahead, lest the market advances and
they would be unable TO profit by such
an advance. The new year promises 10
start in with Lake copper firm at IL
cents and it will be for the interests Of
the mining companies, az vel as for the
| consumers, to keep the market steady at
that price her than put prices up, only
TO react later.
q is stated that the contract for he
railroad to the Old Dominion mine has
been signed by all parties in interest and
that work on the new line will begin at
once. Certain interests are very bullish |
on the property on it's past records, be- |
cause OF the fact that, with a railroad, |
the mine will be able to market its pro-
duct as cheaply as other mines and |
because the physical condition OF the
property and its developments are up to
high mark. it being opened. it ia said.
seven years ahead with plenty of ore al
ready bio ked out for stopping. Word
that the mine has resumed operations is
almost any day. now that the
building OF the railroad is an assured
Tact, the mine was closed down some
months ago with the object in view of
forcing the transportation company to
take definite action on the subject OF
building connecting rail line from the
nine to the main line of the Southern
Pacific road.
State street has been absorbed in the
ocal gas war and the proposed lease OF
he street railway system of the city to
recently organized elevated railway com.
'any and the copper shares have been
lutte neglected. La fact, one day last
week ot one share OF Butte & Boston
vas traded in, although Butte generally
3 the most active copper share in the
peculative list. Centennial has exhibited
igns OF weakness on revived rumors OF a
leavy assessment for the purpose OF
building larger stamp mill. No action
las been taken by the Centennial direc-
ors as yet on that question, but they 4
Idmit the p stability of such action If the
eyeloDements underground warrant the I
Expenditure, Friends OF the new Baltic
Enterprise are receiving hourly kilograms
rom the mine on the result of each blast
nd are trying hard to work up consid-
rable excitement on the FAVORABLE SHOW
~ said to have been made thus far with !
ut finding the exact width of the vein.
A gentleman who has followed the in
ereets OF the Lake copper mining CON-
anies for the past forty years is OF the
pinion that if the Baltic proves of real |.
alue, and the lode is continuous, there
re excellent chances for the property
Ting south of the Baltic and says that
is possible that the district south of
loughtOn will prove as rich as the dis
riot north OF that place. He is some.
hat skeptical, however, regarding the II
imensons of the Baltic's new vein and 9
ars that it will prove to be only t
ocket. n
The consolidation OF the Copper Falls, g
ne Arnold, the Ashbed and the Hum
oldt mines il again rumored for an
irly completion, meetings for which are p
aid to be in contemplation at an 8
irly date. Such a combination with n
enty OF capital, to be raised by assess- a
tents on the various stocks, ought to n
rove beneficial tor the companies con. .,
'rned, but it all depends. OF course, on .
he value OF the rock. EVERETT. A
The Coming Woman
Tho goes to the club while her husband