The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1897-11-24

men still control enough votes in the
senate to prevent any thing which is cal
culated Co further solidify the gold stand
ard or to make our currency more stable
and protect the credit OF the national
treasury from assault. Then again, as the
Congressional elections occur next year.
those members who anticipate re-elec-
ton will exercise caution not to go on
record upon any very important question
which might jeapordize their chances at
the polls. With no prospect OF radical
legislation, Congress will not prove a
very forciiul bear argument, although its
influence cannot be expected to favor the
bulls. The stock market is more likely
to prove a dull trading affair dur
ing the coming winter than anything
else, although sentiment may change in
an hours time either one way or the
other and prices may move up or down
more than at present is anticipated. The
large interests which made money on last
summers boom undoubtedly are waiting
for decline so as to get securities cheap
and ara not at all anxious to help boom
prices from the present leyel. This atti-
tude on their part fav ors a weak market,
but holders of securities do not appear at
all inclined to sell and there the matter
rests: deadlock, 80 to speak.
The statistical position OF the copper
market is all that could be desired, yet
prices rsfect weakness rather than firm
ness. Prominent copper mining officials
are sanguine, however, and are confident
in predicting high prices for copper next
year. The falling off in the exports OF
the metal, undoubtedly, have been re-
sponsible for the recent decline in the cop
per market, domestic consumption not
increasing as rapidly as anticipated. 1t
is difficult to see how home consumption
can be depended upon to improve sub
stantially before spring when electrical
railway construction will begin again.
On the other hand, there are some stu
dents OF the situation who expect to see
a falling of in the production OF the
metal which will haye as good an effect
upon the market as would larger de-
maud. The foreign demand for copper,
while little sick lately, has been far in
excess OF the requirements last year and
saved the market from further decline
during the period OF business depression
here.
The death OF Treasurer Thomas Mel
SOD, OF the Bigelow group OF copper
mines, was a sad announcement. He was
highly respected IN his position and his
loss is deeply felt. Mr.. Clarence Bissell,
who has been Mr.. Bigelow's chief
clerk for the past dozen or fifteen years,
Is mentioned as Mr.. Nelson's probable
successor.
The management OF the Santa ISABEL
:. old mining company announce that the
capital stock is to be increased 10000
shares and offered to shareholders OF rec.
ord November "a at par ($5). The CON-
pany has floating debt OF $4,000 and
the stock will yield $3.50, 900 leaving a
working capital OF $4,000.
The Pioneer gold mine has averaged
81 900 net monthly during the dry sea-
son running on half time. The company
has surplus of 100000 and has &c.
cured water rights which will obviate
The necessity OF curtailing production
next summer during the dry spell.
Subscriptions to the Baltic enterprise
are quoted at Az bid by subscribers who
we're disappointed on the allotment.
EVERETT