The copper country evening news., 1898-03-16

footing compared with the decline In
prices. No buyers, except shorts, could
be found willing TO take the shares which
were offered and it In probable that the
heavy decline will force out a considerable
amount of long stock the coming week.
The situation is indeed a critical one,
but no one doubts the outcome 30 far a.
the United States is concerned. Gooi
opinion says that the Spanish ministry
deslres to avoid war with the United
States as a matter OF common sense, but
the Spanish people are likely to over.
throw their own government !. it aceedes
To the demands Of the United States
should it involve the loss OF Cuba, so the
Spanish government will have to choose
between civil war and a war with a
foreign nation far superior in resources
and ability to carry on such a conflict.
While war is to be deprecated and most
Americans would prefer to avoid compli-
cations OF that nature. yet there 10 no
question but what the public will heart
lily support the administration in which
ever course it sees fit to pursue.
The Cuban situation, however, is not
the most important matter with which
the United States has 10 deal at the pres
ent time. In the far east the situation is
not only far more critical, but vastly
more important, involving as 1t does
nearly all the large powers OF the world.
England has Enthusiastically given evil
dence that she will not permit the eclosing
OF the ports OF China by Russia or any
other foreign power and there is no ques-
tion but what she would Immediately 60
to war both with France and Russia II
the question 10 not settled at an early
date. While II is untrue that England
has pledged her support to the United
States in event OF a war between this
country and Spain, yet it 10 likely that
England may seek our support in her
demands that the commercial ports of
China must be open to the commercial
world.
The United States with it's expanding
foreign commerce has great interests at
stake in the far east as well as England
and the moral support OF the United
States to England's demand may serve
to avert a general war between all the
great powers. What stronger alliance
could there be than Of the United States
and England, the two greatest nations
Of the world? rhe United States is be-
yond that point where it can consume
all OF it's own products and must look to
the worlds markets for an outlet. The
Cuban question concerns the United
States almost alone, the European ma
lions having but little at stake there, 80
that there is really no danger OF outside
Interference in the settlement OF that
question. but the eastern question con-
,erDs all Europe as well es the Unit, d
States and England.
The copper market last week was de-
void ofany special features. The market
price for the metal held strong at Tx @
IL cents for Lake and it was reported
hat the Calumet and Hecla sold a lot OF
/ 900, 900 pounds at ~ cents for May
ln6 June delivery. Activity in manufac-
turing arms and ammunition will result in
/ large increase in the demand for copper
should war be declared between United
states and Spain and the copper market
appears to be in a posltion to greatly
benefit from a conflict should it occur,
While the revival Is general business "a
'eady has made so far a larger demand for
copper so that, in either event, holders Cf
copper shares have very little to worry
hem as. with or without war, large diyi-
lends seem probable for at least anothtr
year and the outlook for the copper in
iustry is brighter than for a long time
past. EvERTTT.