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

home consumption is the principal cause
for the weakness as the exports of the
metal still continue at gratifying rate.
Today, the guarantee OF one OF the larg-
est mining companies expires on it's last
large sale OF copper and 1t il believed
that the market has been systematically
manipulated to secure lower prices for
the next large sale. Local copper en-
] thusiasts are still bullish and pre- dict
confidently that copper will sell at II
cents within the next six months, basing
their assertions upon the prospective in
crease in the demand from home consum
ers and a scarcity of the metal in fret
hands. At present Lake ingot is
quoted at 10%@l1 cents. bnt no large
quantity il is thought, could be obtained
under l l cents.
The street has been much amused re-
Gently on account of the absence OF 20
many persons, more or less connected
with the Lake copper mining companies,
lists from their usual haunts. and rumors
have been rife regarding the mission OF
each aDd all OF them to the copper dis
trict. A prominent financial journalist.
who stands close to large speculative in
terests IN the copper shares, left town
rather suddenly over week ago and 1t
was said that he had gone to the Lake
IN the interest OF large operator who
has been known to be bearish on Centen-
NAL. Almost Immediately representa-
tive OF the management of the Centennial
mine was dispatched to the Lake for the
purpose, it ia asserted, to head off the
agent of the large operator and prevent
him from having access to the mine or
learning anything, detrimental at least,
about the property. In a week and a
day the aforesaid scribe returned TO Bos-
ton, having boarded the same train with
Broker Towle. of Leland, Towle & Co,
another copper specialist, at st, John,
n. b., whereupon the story was circu-
lated that he had been inspecting the
Dominion Coal Co.'S mines for the same
operator who has been attacking that
company, also. Whatever is going or,
only those on the inside know and they
smile and look wise when questioned,
giving no satisfactory information.
Anyway, the street has been enjoying
the fun, aIthoughsit is hoped that some
thing sensational will develop when
finally the cat is let out of the bag. In
this connection, it might be stated that
a gentleman closely connected with the
Sears Building people arranged to start
for the west and to be gone for some
time, last week, but later announced
that he had changed his mind about
going away.
Another local cooper specialist who
has been farther west than Michigan
has returned filled with anything but
favorable impressions regarding the
Butte & Boston mine and which he has
taken particular pains to impart to T. e
various representatives of the press, all
OF which is supposed to be in the inter
ests OF the bear parties who have been
attacking Butte Il Boston so persistently
for some time past. Notwithstanding
his disparaging remarks anent the prop
erty, the stock does not appear to reflect
anything but good buying, while Santa
Isabel gold mining stock. at which the
finger OF pride has bten pointed as an
of what good mine ought to
be like, has gradually declined nearly SO
per cent in market value. Gold Coin,
likewise, after making a fine display az a
dividend paying gold mine, last quarter
reduced its dividend and this quarter
passed it altogether, the stock selling
down to 80 per share.
Good advices come from private
sources on Wolverine which leads one to
believe that this property will make
better showing some day than some of
those mines, about which 40 much, too
much in fact, is said IN public print OF
their excellent prospects,
Since the Osceola- Kearsarge- Tamarack
Junior consolidation there have been ru-
mors of other similar deals on foot. 1t
is asserted that the Arnold. the Copper
Falls and the Petherick mines are to
combine. and from other sources. it is
learned that a clump of mines in Green
land township, also may be brought
under one management and operated.
EVERETT.