The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1898-03-30

Gently. buyers holding on for lower prices
should the situation become more agRrs-
waited than at present. Business
throughout the south and west, however,
ia holding no TO its recent high average
and Ia considerably ahead OF a number OF
preceding years at this season. The iav-
orable features OF the situation, which
have been commented upon during the
past six months. continue and investors
are reaping the Der elite OF increased rail.
road earnings. The iron industry is IN
a more prosperous condition now than
for some time which is considered az one
OF the best barou eters OF trade IN exist
ence. These factors, however. are rele-
gated to the back ground in the presence
OF 40 much more important matters as
now are occupying the attention OF our
statesmen.
The copper market has been rather dull
recently. Buyers appear to have sup
piled their spring wants and only a few
sales are reported. Prices, however, are
holding steady. no concessions being
noted so far. The offering OF large lot
OF copper now might result in decline
OF small fraction from the 12-cent mark
at which most OF the business has been
done lately.
The annual report OF the Boston 4
Montana Mining Co. will be issued short
~ and is expected to tell Of the most
prosperous year in the company's his
tory. The financial condition OF the
company is highly creditable to the man.
agement az well as is the physica condi-
ton, the conduct OF the affairs of the
company both at the mine and in
the executive Office being OF high
ly satisfactory nature 50 far as the share.
holders are concerned.
1t is noticeable fact that some OF the
copper shares have not been affected by
the decline in the general market and In
some instances, too, where one naturally
would expect to see decliue; that is, in
the low priced shares. One particular
case is worthy OF mention and that is
Arnold. The stock appears to be in de
mand and very little 10 offered. A gen.
tlemen who had about $4,000 to invest
and who recently was looking for some
thing which he could buy cheap, and
which had good prospects OF selling high
,ome day, selected Arnold after a care.
ul Investigation of the merits of the
stock and satisfying himself as to the
condition OF the mine and the standing OF
he company. 1t was only by an acct
lent that he was induced to make Arnold
\ candidate for possible investment, and
n comparing 1t with other properties
which he had under consideration at the
time, he expressed himself better pleased
with the Arnold than any OF the Others.
1t is expected that at the annual meet
ng OF the Franklin mining campany next
month the stockholders will be asked to
vote on a plan which the directors have
prepared for the raising OF necessary
capital for the building OF the new stamp
mill 80 that they may get all the benefits
TO be derived from the operation OF their
Junior property on scale commensur-
ate with the size OF the mine. The man
agement hopes to have mill site select
ID before the annual meeting so as to be
able to closely estimate the cost III prop
,rly eauipping its mine. With the Frank
in Junior, the Baltic. the Arnold and the
Isle Royals combinations sure to enter
the list OF active and large producers OF
copper IN the near future, the outlook for
a rushing business at the Lake could not
be better. EVERETT.