The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1897-09-21

now, as W ben values we're at ledst tei
noints lower, if indeed the demand il no
greater.
Improved business conditions hav'
been the main argument OF the stoei
market traders and all signs point TO
continuation of the trade revival. Bani
cearings are. considerably larger thar
last wear nc this time and there IL no
doubt but what the Increased business
now being done shows more satisfactory
results than last year when prices ol
many commodities were much lower
Railroad earnings a-e increasing at
gratifying ratio and the outlook rarely
ever has been more promising.
Nature has been kind toward the Uni
Ted States ~ the matter of large crops
here and short crops abroad 80 that the
agricultural portion OF the community
has be- en- immensely benefited by bett r
prices for gram. This has done much
towards restoring confidence on the part
OF the capitalists. who have furnished
funds for harvesting and moving the
crops 10 the seaboard. Restored conf
uence. ON the part OF The monied people,
also is helping along the revival in busi-
ness az well az are the favorable crop
conditions. Loaning rates IN the money
market have been ruling at low figures
aud Offering excellent opportunities for
merchants 10 carry stocks OF goods or 10
expand their business. Just at pref
cot the demands for funds for crop pur-
poses has decreased the enormous SUI
pluses OF the banking institutions in the
large financial centres and loaning rates
have improved little, but not sufficiently
to restrict the borrowing demand.
The copper market holds strong and
prices have not receded from recent max
imum quotations. Lake ingot is firm at
from 1lk to liz cents and large trans
actions are said to have been made re-
Gently at top prices. Domestic consum.
ption OF the metal has begun to increase
companies are well pleased with the out
look. The export of the metal fell Off a
little in August, but still we're well up 10
the average and, undoubtedly, will be
larger just SO soon as the steamship
companies have satisfied the demand OF
the grain exporters who have been pay.
ing high prices for freight room. The
profit on copper exports IL measured.
sometimes, by the fraction OF cent and
the mining companies are not in posi-
ton to bid against grain exporters for
freight room when the steamship con-
panies fad more freight pressing for
transportation than can be accommo-
dated.
With copper selling at good prices and
the demand for the metal from home
manufacturers increasing. stocknold, rs
OF the mining companies have no reason
10 feel dissatisfied with their investments
as dividends seem almost assured for
some time, at least.
Ii is asserted on good authority that
the contract for the building of the rail-
road to the Old Dominion mine has been
signed and that work on the road will be
begun at once. This probably accounts
for the strength OF Old Dominion stock
recently. IL also il asserted that the
mine has blocked out 90,000,000 pounds
oil ore, ready to be taken out and treated.
Despite the bear articles on Butte 4
Boston, which appear almost every day,
the stock keeps on advancing and now
the bears say it Ia going up on mystery
and that when the "mist" has cleared
away 1t will he seen that the mine has
many long weary months ahead of [ he
fore it can become producer. This
does not harmonic with the semi-offic
statement made some time ago In rela-
ton to the property, nor is it in keeping
With the policy OF the company in tie
past, in equipping the mine with expen-
sive facilities, some of which are now
leased to the Boston & Montana mine.
Centennial has been prominently active
and has risen on good reports from the
mine, so it is said. These reports,
good or otherwise, have not
been made public and only the insiders
and their friends have been allowed 10
see the dispatches which are said to tell
how rich the lode is in this or that shaft.
Franklin has risen above $40. but has
not gone up on speculative manipulation.
People who know the Franklin Junior
mine have been buying the stock and, If
everything turns out az now appears
likely, the stock undoubtedly will resume
it's old time favor among investors.
EVERETT.
Martha Lodge.
Martha Lodge Siatera of tho SonS of