The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1897-06-02

OF reforming the currency viii be taken
up and dealt with according 10 the ~ishes
OF the people as expressed BY their over
whelning vote last November. All these
favorable Influences were potent in their
effect on the speculative temper and ne
suited, as before stated. in advancing
prices substantially all along the li0e.
The copper market has been quiet dur
ing the past week. Prices, however, have
held steady. Itis doubtful II purchases
of copper could be made at IL cents now,
not the assertions OF the
bears that the Calumet and Hecla II sup
plying all its customers at that price.
Bids OF 11.O5 and lilo cents are being
received every day in this city from man.
uiaeturers who want copper and, az the
mining companies are well sold up and
are out OF the market in same CASES, the
bids have 10 be refused. Manufacturers
would not be bidding for copper at over
IL cents if they could get supplies at that
price or il any copper was bling offered
IN the market. Ii IL sellers market, TO
use q trade term, and the buyers are be-
ginning 20 fad out that they cannot
dictate the terms OF their contracts. Bust
ness il picking up little, but the dome
ticeonsumption OF copper tillisconsider-
ably below a normal amount.
Boston has three copper kings-TOm
Lawson, Fitzgerald and Flint TIE first
two already are well-kDoEn rivals in
their respective felds. but the latter is
comparatively new competitor for eupi
ferrous honors. Mr. Flint il connected
With Messrs. Dillaway & Starr and has
succeeded in making many friends since
his debut on the street. He has chosen
wisely in making copper mining shares
his speciality and has the good wishes OF
his running mates, A good deal OF friend
~ rivalry is noticeable among the two
older copper magnates and often finds
expression in the shape Of practical joker.
one OF which was perpetrated early last
week and consisted OF donkey party
Fitzgerald's pet stock-Ar-
mold. The animus OF the proceedings,
probably, will never be known except 10
those parties directly interested, but it il
that Lawson took that way Of
getting back" at Fitz on account Of a
zeal m Butte which did not turn out just
% Toms liking. More fun is expected. |
however, az both have their war paint /
ID and each IL said 20 be sleeping with /
air tomahswk under bic pillow. While /.
lawson was absent from the street one /
fay last week, a raid was made on one I
u biz latest fayorites. Pioneer. and a
lumber Of sales seller 60" were made (
depressing the price fractionslIy, and +
alter Developments made il clear that ,
he raid vas part Of the program in the /
treat fight now going on.
The Boston Financial News quotes a /
prominent copper mining official az say !
ng: % II business ia this country should ]
tart up, | DO not know what Europe /
you'd do for copper. The European
upply Of copper has been decreasing con-
family for over a year notwith- !
tandng the large exports OF the |
METAL from this country, show
ng an enormous consumption Of cop
,er over there. Domestic consumption \
u copper is about 80 per cent of the nor !
nal amount and this has been the case
ince the panic OF 1898. IL seems ridicu-
ous that this large country cannot ali.
orb one-half OF thecopper produced here,
While Europe il using more than hall our
'roduct and large amounts imported
rom Chile besides. suppose the condi-
ion OF things will change sometime, but
seems a long wait"
EVERETT.