The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1898-07-06

The loan Is bound TO be great success
as total subscriptions already aggr
gated $790, 900. 900 and twelve days We
remain before the subscription closes.
The operation OF the new war revenue
law, which went into Effect yesterday
was attended with not little confusion
The delivery OF the stamps, either on &c
count OF official incapacity at Washing
ton or some other reason, did not star
until the very day the law went into
effect. The result can easily be imagined
The Office OF the collector OF internal rev
enue in the local federal building was be
seged at an early hour by horde o.
stamp-hungry folk, and by the time The
Office opened at 0 O'Clock the crowd mum
bered into the hundreds.
Every business concern in the city was
OF course affected by the law and every
one had either to secure stamps or shut
up shop, or. as the only other alterns-
tive, lay themselves liable TO heavy pen
alties. The national banks had been
supplied with stamps over night and this
facilitated matters somewhat. but there
was deal OF kicking before the first day
ended. The receipts from the initial day g
sales OF the revenue stamps were enor-
nous, and. while the actual sum was not
given out, Il ia understood that it repre-
scented great many thousands oil dol
lars.
The week in the local stock market has
not been without features, even though
the market in general has ruled rather
quiet. The copper shares have had one
or two spurts, based on manipulation
rather than anything legitimate. Butte
& Boston was bid up to 26 at one time
on the strength OF reported acquisition OF
control by the STANDARD Oil crowd while
the 6's on mysterious buying went up to
90.
The report that Lawson had sold out
his interest in Butte & Boston was denied
IN deckle- edge circular sent out by that
astute gentleman. In the circular he
stated that his firm still held controlling
interest to the extent OF 10000 shares
Of stock, while friends" also held quite
4 liberal block of the stock.
Butte ia still shrouded in mystery, and
he general opinion is that it is good
hing to leave severely alone, until it
'hakes it's aforesaid shroud, and loses
ome OF its alleged friends. You couldn't
induce the average State street man to
ouch the stock il every share was guar
lnteed by the government and the great
cal OF the United States was imprinted
hereop.
Another one OF those wonderful propo-
itions from the Lake has been trotted
ut on the local exchange and put through
ts eyolutions for the benefit OF an ad-
hiring public this week. This was the
lew Arcadian property from which so
much Is expected. The insiders got ir on
he basement floor at $12 and then bid
he price up to $25 just before the stock
vas listed go that the public" had to
axe the elevator for the twelfth story,
aging S26 on the first de y the stock was
ealt in legitimately on the exchange.
This price has been the highest up to date
drop to 23 following the initial pyro
echnics, and interest in the issue petering
ut, The Standard Oil pc ople are IN this
eal for sure. Albert c. Burrage the local
representative Of the big magnates is
and William Rockefeller, Henry
4. Rogers and Nathan F. LeoT old are on
be board OF directors The capital il
z. 500. 900. par value S25, with $40
laid in.
Baltic and Old Dominion have suffered
rom liquidation, the former reaching
so, and the latter getting down to %,
With slight recoveries from those points.
William F. Fitzgerald, who is at present
q the Lake region. is expected back in
'oston shortly. Current gossip has it
hat he will bring back a new proposi-
Hungarian, with him. He has
net with much success in his various
'entures Ct late, and his following on the
street is becoming larger all the time.
There is little life in the copper market.
lake is quoted at LIZ cents per Id.
EvERETT.