The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1897-03-11

fore to increase the production. II there
ia TO be no advance in the price OF copper
put and a steady market will result. H.,
however, the price OF copper should be
bid up beyond figure actually justified
by trade conditions, the output Of the
mines would be augmented and the
market for copper would experience
sudden slumps from which recovery
would be painfully slow.
1t is stated on good authority that a
syndicate OF copper men recently offered
to buy the Calumet and Hecla's produc-
ton for several years ahead, but that
the company. following it's usual policy,
positively refused to sell to any but ac-
tual consumers to supply actual wants.
While on the subject of Calumet and
Hecla it is interesting to note that since
the first OF the year Calumet and Hecla
stock has advanced &64 per share from
1926 to $500, besides paying SIS di-
vidend, making the total appreciation
$40 per share. Transactions in the
stock have been OF a remarkably small
volume, less than 1 400 shares changing
hands during the period under consider
alton. The largest days trading in the
stock aggregated only 124 shares.
In contrast with Calumet and Hecla is
Butte K Boston with sales for only one
week recently OF $4,000 shares and a
single days trading OF about $4,000
shares. This large volume of trading
encompassed an advance OF from ii to
IL, a net gain of points. The Butte
4 Boston management will prepare the
mine for active production in the near
future. 1t has great deal to do. how
ever, as it is the policy OF the manage
ment to open uD large ore reserve
ahead 30 that the production, when once
begun, will run along evenly from month
to month. Meanwhile the Boston &
Montana will combine to use the Butte's
smelter, as it has done in the past, for it
probably will be some time before the
Butte & Boston will require it for It's
own use
1t is expected that the Arnold CROWD
will take hold OF the stock just as soon
as active mining operations are begun,
which, it is understood will be in few |
days. Mr.. W. f. Fitzgerald, president OF
the Arnold, has returned to the street !
and looking and feeling in the best OF |
spirits.
Centennial has advanced from 6 to 0, |
with slight reaction, OF reports from the |
Lake. BuGging orders from the Lake |
also were responsible for portion OF the
advance. That the Centennial will yet
repay it's owners, is confidently believed
The mine is in good hands and if there is
anything of value in it, the present own
ers will come pretty near finding it.
Butte & Boston and Boston & Mon
tana shares hold firm despite the heavy
realization which has taken place in both
OF these shares. Some leading operators
have endeavored to bring about a de-
u.
That the market should easily absorb SO
much Boston & Montana is indicative of
investment buying.
1t is rumored that movement is on
loot to take hold of Franklin during the
coming week and advance il. 1t has
been rather neglected during the copper
boom, but it has few loyal friends who
haye not 70 gotten it and who propose
to stand by their favorite through thick
aud thin.
Letters have been received from Cap
tain Clark, OF the Arnold mine. in which
be speaks most encouragingly of the out
ook OF the mine. Thecompany has $4O,-
300 cash in the treasury and no debts.
Advices from the Tecumseh mine con-
tinue favorable. The stock is very quiet,
but is likely to be taken in hand by the
traders.
1t is reported that the Franklin's
annual report will show a cash balance
on January 1, 1897. of $169, 900 after
1educting the coat OF all development
work done ON the Franklin Junior.
Almost everybody has read about the
California miner who was kicked by his
mule down a mountain side, which re.
suited in his hiding valuable gold mine
at the bottom OF the hill, but the story OF
the butcher who bought some ducks from
4 farmer and made fortune in the same
State is still fresh. The butcher found
some gold nuggets in the ducks gizzard,
he quietly located the where
abouts OF the farm on which the ducks
were raised and discovered rich placer
mine which be bought from the farmer at
a nominal price. EVERETT.
rheumatism Quickly Cured.