The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1897-06-23
not much TO lie W ,ndered at when one
considers all the factors now effective IN

relation TO the industries Of copper min
ing and manufacturing. Last week il
was predicted ia this column that the
statictics Of the production and exports
OF copper ia and from the United States
for the month of MAY would surprise
even those who made it business To fol.
low the market very closely. The pro.
ductiOn OF the metal in the United States
IN May amounted TO 1S,S05 tons OF
hich II l75 tons or about twO-,hIrus
were exported, leaving only one-third
for home consumption. For the five
months Oi the current year mp TO May
81, the total production has been So, 99S
tons aud the exports 30, 1913 tons which
ia a about the same proportion as the
hguresio the month OF May. Compar d
with previous years and previous
months the May totals show suhstan.
tial increases, being we'll aboye the aver
age both "a TO production and exporta-
tiun.
Not the least important factor con-
corning the large exports OF the metal to
Europe, is the fact that the visible sup
ply of copper in Europe during the first
half Of June decreased 1871 tons. This
would make the Europ7 an consumption
Of copper fully three times as great as
the American consumption, for the Ear
opean production has increased slightly,
also. It's difficult to see where domes-
tic manufacturers would get their sup
plies OF the metal ii business was to as
sumo anything like its normal proper
tons. The large producers are sendiug
larger quantities OF copper TO market
than ever before, yet while only one-third
of 10 il consumed st home, the price OF
the metal holds strong and there is 10
pressure to sell The statistical position
az the metal and the prospects for an in.
crease in the demand are such that The
belief is warranted that materially high
er prices will be in vogue before another
SIX months has passed notwithstanding
the increased productions; there is small
probability OF much of "A falling off in the
export trade and there is every proba-
blity of greater increased home con
sumption.
Butte & Boston is developing into
something OF a mystery which is not al
together unlike the great New York 4
New England mystery or the Bay State
gas puzzle which created considerable
excitement in local stock market circles
during the past dozen yeas. 1t il sal
that there are three bull pools in Butte
stock and judging from the daily fluctu-
ations, each pool is afraid Of the other
That there has been considerable liquid
alton Of long Butte stock during the past
lew days, is believed by those who have
kept tab on the stock and the pools
have been buying all the stock offered.
The Butte & Boston ia a mine OF the fu-
ture, and the not very fardistant future,
either. Those who want to take
their chances and can afford to wait, I'M
doubtedly will fare well, but meanwhile
there is likely to be some pyrotechnic
performances in the stock which may
scare the small holders into selling out.
gentleman from the Lake who spent
a day or two in Boston recently ex-
pressed desire not to be interyiewed, but
said that he considered the Arnold one of
the best prospects at the Lake and that
the man who bought it now would take
few chances, as at its present price the
loss could be but small and the ultimate
profits might fully repay the rick at
tached to the speculation. n He thought
the Osceola had better times ahead than
it had ever seen in the past, but there
was little encouragement for Centennial
shareholders at present, T. whatever the
future might reveal.
The gold mining stocks are holding
steady with but yery.little speculative
interest in them.
Osceola directors meet soon to act on
the dividend. 1t is reportedi that the
company has made settlement with
about half of the heirs OF the thirty min
ers who were killed by the mine fire three
years ago. EVERETT.