The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1897-01-28

posts were at minimum and loan Dg
rates were e and 10 per cent. The large
amount Of capital now seeking sale In
vestment at unremuuerate rates, un-
doubtedly, will begin to flow more freely
into the channels Of trade IA the conf.
dence already exhibited gains strength
and the results OF present favorable con-
ditions are more apparent. These con-
ditions are now reflected in higher prices
for wheat and other commodities and
favorable trade balance. Time, however,
must be allowed for the proper appre-
citation ri these facts and conditions.
Thus IL is apparent that, while every
thing fayors business prosperity, more
confidence still is necessary before the
commercial world can respond by an
enlargement of the trade movement
When Investors begin to realize that
turns IN industrial lines than in B percent
bond issues, then idle funds once more will
seek employ meDt in fields where its u.s.
iulness will be multiplied ten fold as il
will then give employment to idle work
men and no more potent inf fence can be
exerted than in the employment of labor
and capital together and in harmony
with each other. This desideratum must
obtain before good times" becomes a
reality.
The stock market the past week has
been i fuenced wholly by the speculative
temper OF the professional treders, public
buying being conspcuously absent con-
sidering the bullshness of the trading
element. Oue encouraging factor is
noted, however, in the better demand
and higher prices for railroad bonds
which augurs we'll for broader and
more active stock market, barring unfor-
seen unfavorable Incidents which might
turn the current into a downward move
meIt. Prices now in the market are on
a comparatively high level, butfavorabIe
conditions now exist which make for a
more bullish feeling than has been the
case for some time past.
Turning now to the copper market, it
is evident that the large interests are
arranged on the bull side and thenatural
strength of the metal, as result of mar
ket conditions, is augmented by the
speculative endeavor OF those interests
to promote the advance and acce crate
the upward movement. Commercially |
the price OF Lake ingot is liz cents, but |
speculative prices are quoted as II % |
cents. While there is no prOsT ect of an |
extensive increase in the production this |
year, there il reason to expect that the |
demand for domestic consumption OF the |
metal will be materially larger than in
1896 and this, with a. maintenance OF |
the export demand, will Decessitate a
larger output by the mining compauias. |
Cnder these conditions there can be no |
danger OF lower prices for copper; on the
higher prices seem almost in
pvitab'e and on this account, copper
bulls are now bidding up their favorite
stocks being aided by the declaration OF
larger divid, nds 10y the mining compan-
les
Last week Calumet and Heca reached
$50 aud Boston 4 Montana touched 104.
both Of which are high water marks in
the histories of those shares. Other
copper shares were strong and in good
demand.
The resumption of dividends by the
Atlantic 81 DER share, payable February
10y and the declaration Of the regular
81 and 81 extra by the Quincy, payable
February To- were features OF the week.
The absence Of dividends by other com
panies was supplied by bulish predictions
by the enthusiastic traders. 1t ia figured
that the Montana can earn $12 per
share per annum on 9-cent copper and
the rise in Tamarack of twenty points
forebodes a return to the prey
ious dividend rate. All in all the coppers
had good week and no change isin sight
from present conditions. EVERETT.
-
Frozen Mutton.
rUTI- lA~~