The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1897-04-08

I la r4tti.r~- W |'t'r ta " AAfa ~ ~
that company i Prohl mstieai, tut il i
hardly litsly % be lrss than liz e1ts.
sist00sb the besr- are talking IL eruts
lat. Bid- Of I1t cents rtosntiy haye
heen rtflz-f Us ore copper mining treas-
arer. aud il l. ualsktiy that be won'd BE-
rsi8si8g rs ceuts @ the Callmst end
He-la mauagement hadaay ilea q quot
I ing a pr.oe 80 murhl0Eer a. ! ! cents. IL
10 saie 10 cay that the Calumet and Hecla
/ viii not sell az Dreseut for less than IL
ee.ts, Gnc. H the sale il delayed for a
month. the prire il more apt 70 D. higher
than ioser. Exports % copper from this
/ country have fallen Of a htile. but stli
are comparatively largssn the Increased
surplus 10 for home consumption does
not appear 70 have tad any appreciable
eject on tie prise. That the home con
sumption i Increasing i quite evident.
and that il viii Be Increase much more
1 il beliered by ali those Interested in the
production g the metal.
Speculation in the copper sharts has
been active. bat e0ufned 10 very uauoE
limits q late 20 that the movements %
the ysriOus active shares have not gained
o. och head Eay The public does not
sesm inclined % partake 81 the Ieast
Offered b. The bulls or the bears 10 the
copper shsres and the leaders, lacking
the support o, the public, play against
each other, making the market proles-
sionai sif air almost entirely.
One Of the interesting events Of the pact
week 10 local copper circles has been the
publication Of a mono graph, entitled,
"Loppers-B lston's Big g." The au-
thor. Mr.. Thomas W Lawson, Of the
firm Of Lswsoo, Wsidenield & Co, at
present, il the Acknowledged leader il
the copper stock speculation in this city
aud lis ability in this line Is recognized |
ia New York as well az ia the Hub The |
book IN question deals with Calumet and |
Heeia. Boston & Montana and Butte & 4
Boston. Mr. LAWSON takes the ground |
that the success Of the FIRST two were /
achieved on account OF the Tact that the /
properties we're honestly managed By /
men o. financial resDoDsr bility and that 1
The latter, b ing under the same manage. |
ment az the Boston & Montana. will. in /
the iutur7, return large dividends 70 is /
stockholders and viii - az high 81 Bos. /
ton & Montana on it, merits. Tie Burte 4
& Bo ton company has working CAPT /
tai 81 : 200 600, j. free from debt, il
capitalized eOnssryatiYely and bas an
abls management which has reputa.
ton 70 maintain, besides having the ia
terests Of the shareholders at hears The
firm Of Lawson, WtidenIelf & Go. have
been denied seat 10 the Boston stock
exchange, but last year employed seven
teen floor brokers Of almost as many
houses 20 execute their orders, paying
commissions amounting to 100000.
Probably no other Boston stock ex-
change firm did so large business and
yet the exchange members deny the
firm a per-onal representation on the
floor.
The Butte & Boston and Boston &
Montana companies and the Montana
Ore Purchasing Co. seem TO have weaved
a tangled web Of litigation and are suing
each other for ore alleged 20 have been
stolen underground The beet thing TO
do now would seem 10 call the thing
square and agree not TO let il occur
again, instead OF spen ing lot Of money
in las yrrs' fees.
Messr- Pierre Humbert & Co.'S week
~ market letter seys Pioneer direc-
tors promise another surprise soon.
stockholders wonder whether il will
be a suit or an accounting. It is
evidently one thing 10 strike wide vein
in this mine at the 1,000-ioot level. and
only take one assay. and quite another
TO make stockholders believe in man
agement that has been secretive in not
even mentioning the fact that they had
disposed OF Is, 500 shares OF their treas
ury stock, until some Fix months after
the transaction. Pioneer stockholders
are naturally suspicious OF such antica,
and are really entitled TO more prompt
regarding sales OF treasury
stock, even if in the wisdom OF the drec-
tore, they are not INVITED to subscribe,
Or given rights as is customary in Massa-
chusetts. Blind pools and options are
subjects OF investigation. The low price
81 the stock may be accounted for by
these deals"
Mr.. James A. Coram, who is now in
Butte, Mont, said in an interview with
4 western paper: Il feel sure that the
next three years are going to be the
most prosperous ones for the mining
states particularly that they have exper-
enced in long time, No State in the
Union has felt the panic so little as the
state OF Montana, and it is generally
conceded that the field for profitable in