The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1898-01-12

If not prices are To rise during the next ie
months, depends OF course, upon futur
Developments, but unless some unfor'
seen and uniavorable factors arise, it
difficult to see why there should not be
n genuine upward movement in the stocl
Q market. Last summers bull craze fais'
20 discriminate between the wheat ant
the chaff and ST cks OF little merit Ire
. quently went up higher and more rapidly
than really good securIt es which did mol
happen to have 50 many specnlatiyely
inclined friends. Since last September
when the bull movement eliminated
values have been readiusted and not a
few shares have declined TO points more
consistent with their worth. There is
plenty room for further appreciation
in the security markets and leading OPP
orators anticipate higher prices before
spring.
The copper market is in excellent con
dtioD; prices hold satisfactorily steady
on a basis OF IL cents for Lake and
orders for future deliveries are coming in
frequently. The market is really little
higher than at the beginning OF winteras
rail freight ties have TO be added now
which makes difference OF nearly OF
one cent per pound and current ga es are
made on basis OF IL cents net, for de-
livery up TO the end of March. There ia
no question but what the copper mining
companies will enjoy another good year
in 1898, as the consumption OF the metal
is increasing while tue production Ia not
increasing fast enough to offset the in
crease in the demand for copper from
manufacturers and for export. Although
many peo lie looked for large falling off
in the exports last year, yet the amount
of copper sent abroad in 1897, was in ex-
cess OF the exports OF 1896 by several
thousand tons.
1t is to be remembered, also. that tie |
engineers strike in England has greatly
lnterfered with the consumption of cop
per there and that when the strike is set
tied, which il is bound to be some day,
either one way or another, an appreci
able increase in the exports OF the metal
should result. Then again, with nearly
all lines OF business showing a tendency
20 become more active here at home, a
arger demand naturally is expected from
domestic consumers, so that il is difficult
o see how Their" can be any decline ia the
rice OF copper during the coming year
rom the present level, while there are
cry good prospects of slight advance,
lining companies, however, as well az
consumers, do not care to zee copper adj.
ance beyond II cents, as il would tend
o curtail the demand. So long as cop
er holds firm between / and II cents
9th the consumers and producers will
= satisfied.
Tue levying OF an assessment upon Ar
old OF 50 per share has been foreshad.
wed, the directors so syoting last week.
nedeal whereby the Arnold aud the Con.
er talls are to be consolidated is about
'ady to be closed. An exhaustive re-
ort on the two properties is TO he sub.
lifted to the shareholders wherein II is
ipected to be shown that the Ievying of
large an assessment is warranted
Though the Arnold has been noted in
ne past only Tor the frequency of its as
ssm -nts, yet the future NAV deyelon
he Tact that iJ has other features which
Ill be more popular with shareholders
source OF less expense and perbsps a
'urce OF incon me in course OF time. Will
vestors cannot be blamed for being q
tile skeptlcal OF the merits OF Arnold
nd other llow-priced copper shares. VET
lere are many whose knowledge of the
'oparty lead them to believe that the
inlay OF additional capital is justified.
That the Quincy Mining Co. directors
cleared a dividend OF only SO per share
as taken by some "a meaning that the
inc was not doing 80 we'll "a when tba
ayments were 81 each, but il was NOT
aiized that the current dividend ia an
cable TO 100000 shares while last
ears dividends were paid on only half
lat amount OF stock, or $4,000 shares
ne current. dividend calls for the dis-
lrsemsnt OF 100000, while 81 per
lare on the original called for but 5000
~ In time. the Quincy's new territory
I'D new shafts will be yielding dividends
that by another year it would NOT ba
uprising II the mine paid a larper
Mount in dividends shan ever before in
history for any one year. The last
Yidend il payable February Is and
axes the total paid to date by the
lincy S9,77O,O0O.
lt IL rumored again that the time ia
'proaching when the consolidation of
e Butte * Boston. aNd the Boston &
ontana invests TO be effected which
III admit OF more economical admin.
trauon oil the affairs OF the combined
roperties. Boston A. Mon,o