The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1897-09-29

During the past two weeks there hav'
been more boot aud shoe buyers from tn
south in Boston than at any time fo
years and nearly all the shoe factories
are running more hours per week thar
| for year. This means more than sim
pie politics. Ii means that the people II
the south are better employed now thar
year ago and are buying more goods
1t was only this morning was reading
in the newspaper that the iron mills IL
Alabama were buster than ever before IN
their history. Ii such is the case the
presence OF so many buyers here easily le
accounted for. Wool has had consider
able of an advance and even leading WOO
men have not anticipated a further ad
vance. but last week wool was higher
than in the preceding week. The reason
for this is found in the tact that nearly
every wooden mill in the country Is run-
ming on fu time now, whereas year
axe nearly all Of the wooden mills were
shut down. Ii is my opinion that we
have not yet begun TO see the full extent
OF the prosperity and that times will be
better right along"
The copper shares have been affected
by the decline in the general market, AZ
might have been expected, and the de.
clines have been numerous although not
severe. The buying fever was at its
height few points below current fig
ures and further declines in prices, pro-
baby, would awaken new. interests in
the market. People who have been hold
ing securities for some time cannot be
blamed for wanting to sell out after such
a good advance and, while rising prices
attract new buyers, yet, when
certain high points are reached, the sell
ers become more numerous than the buy
ers ana reaction occurs. An instance
OF this came To notice late last week
when an order TO sell 100 shares of Bos-
ton & Montana carried the price down
from 149 to 145, but the buying of less
than one hundred shares later rallied the
price to 147.
The copper situation holds firm and
the street continues very bullish on the
copper shares for future profits on the
strength OF the market for ..the metal.
Lake copper is quoted around 11AMl1%
cents and actual sales at 11.30 cents
have been made here recently. The cop
per market is highly satisfactory and
there cannot be much OF decline in the
copper shares so long as the copper mar
ket continues strong and dividends on
the copper shares, practically are as
sured. Oh course the copper shares will
rise or tall with the general market. but,
under present conditions, are intrinsicly
worth a great deal more in some cases.
A gentleman who has made study OF
the copper shares for some years. last
August advised the buying of several
issues which, since, have verified his pre-
dictions and have almost doubled in mar
ket value. In a circular letter to his
friends, issued recently, he said: Cop
per and copper stocks are now at bot
tom prices. Both will advance and that
quite shortly. ln my opinion we are on
the eve OF one OF the greatest movements
in copper stocks since 1890. Boston X
Montana with one of the largest reserve
funds OF any mine in the world will soon
move along towards 200. Calumet and
Hecla will easily reach and round 800
and Tamarack will return to its old fig.
ures. Osceola is one of the best, il not
the best OF all, to buy. The new No. G
shaft will be producing copper next
month, and this is all virgin and rich
ground. The earnings of Osceola will bt
increased fully 100 per cent, for the sink
ing and equipment OF this shaft, hay,
been paid for entirely out OF earning, anG
the company has today only $4,000
shares. Osceola can earn with the pres
ent market for copper, and with THU
new halt, about Sc on the stock, which
would cause il TO sell easily around ST.
per share. There are 20 quick goo
points in Osceola within thirty days
Osceola has also to open up the Calume
conglomerate, to which crosscut is nov
Icing made. Should this prove success
iul, as | expect it will, Osceola stock vii
OF course rise to still higher figures.
take no stock whatever in the well-circu
lated reports that something is the at
ter with Butte, and that the stock is {,
burst wide open. 4 good short interes
evidently exists in that stock, or else on
of the old-time gong beaters is trying
scare game. 1t is no time to be short G
anything. Old Dominion stock woul
spring into great activity il a railroa
were constructed, and these are day
when railroad building is more fayorabl
thought OF than year ago"
EVERETT.
| Laurium Bus Line.
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