The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1897-06-09

get business. There Ia a fair demand fol
copper, not large by any means, for do
roestic consumption, but business re
vival would create still more OF dc
mand. The export inquiry continues
heavy, large quantities OF the meta
going abroad almost daily. When the
expectation OF copper began to increase
30 enormously, about two years ago, II
was not thought that the demand would
hold for any length ri time, but so far
there has been no cessation OF the for
eign buying, and reports from reliable
European sources say that England and
the continent will use more copper this
year than last, when the foreign con-
sumption was the greatest ever known.
Europe, during the past six months, has
absorbed more than one-half OF the totti
production ofcopper OF the United States,
besides the usual importations from Chill
and Australia. Any increase in the hon
consumption which could be fl led only
by increasing the production, and the
price OF the metal, surely, would be
greatly influenced iavorably for the min
ing companies. As before stated, the
outlook is highly encouraging for the
holders OF the copper shares and main
tainance of the present dividend rates is
assured, if not an increase in some in
stances. Although the copper shares
have been dull recently. they have held
firmly, 10 say nothing of a few cases
where advances have been recorded.
Most of the copper news OF the past
week has come from the Lake and has
been favorable, especially in reference to
the Franklin Junior. Franklin stock re
sponded quickly on the appearance OF a
comparatively few buy orders and ad.
vanced sharply to 16. 1t is good news
for the shareholders that the new prop
erty promises to pan out so well. Frank
fin stockholders have a good deal Tor
which to be thankful, but it ia doubtful IL
they appreciate the fact that the man
agement OF their company looked out Tor
the interest OF the shareholders in pur-
chasing the old Peninsula mine. A gen.
tleman more or less connected with cor
porations remarked last week that he
did not see why the Franklin manage
ment did nc buy the Peninsula for them
selves, they got it so cheap, and then turn
it over to the Franklin at good profit
later. That, undoubtedly, is The way
many corporations are managed. whose
officers grow rich at the expense OF the
small stockholders. but, in the case OF
the Franklin, the management took a
different view OF things aud acted for
the best interests of the stockholders.
More than that, the management Of the
Franklin has kept the stockholders in
formed OF the condition Of the Old and
the new mine and has not withheld infor-
nation for its own benefit, which is
something that cannot be said of some OF
the other copper mining properties with
headquarters in Boston.
Tamarack directors have declared a
semi-annual dividend Ct So per share,
payable June 30. The stock ls selling at
about 12l and pays So per annum, while
Montana, paying $12 per annum, and
earning a great deal more, is selling at
about 124. Which is too high, or which
ia too low?
The good reports from the Lake on Ar
mold hold that stock firmly at little
better than 3.
Pioneer is in the dumps as regards the
market price OF the stock, about 3, But
the large holders say they know it IL
worth a great deal more and that it will
sell great deal higher some day
EVERETT.