Daily inter mountain. [volume] (Butte, Mont.) 1881-1901, 1900-01-16

AS to the future course of the coppers
in the market there is a difference of
opinion, says the Boston Financial News.
One leading broker a y the dullness in
dicates an exhaustion of the buying
power, and that something must soon
happen to attract new attention to the
market, or a decline will probably fol-
low.
Another opinion is to the effect tina
inasmuch as the coppers declined from
a higher level with the New York mar
ket, they will naturally be controlled for
general list. Amalgamated being IN in
dustrial stock, organized on much the
same lines as the Sugar company, was
naturally dragged down by Sugars
weakness: but it is. believed that it is
the intention of insiders to stimulate
buying Of coppers in general, by slowly
bracing uo the leaders n ultimately
carrying it back to par.
There are many things in the day to
day happenings that seem to indicate a
disposition on the part of the strongest
interests in the cOppers to again stimu-
late the speculative market to activity
and strength. The recent improvement
in the tone of the metal market is an in
stance. The situation in New York is
described by the Metal Market Report as
follows:
1.-The continued firmness in the London
market with occasional rises such as we
have lately had, c%oincident with large ex-
ports of copper from this side, and con-
tinued favorable reports from manufac-
turers of the state of their business, are
calculated to increase the probability of
the larger consuming interests becoming
buyers at or about the present level of
prices in the future.
AT the moment, the American market
seems to be in the hands of one large
concern. The reports which are issued
from this quarter are entirely of a bullish
character, and quotations emanating
from that source are considerably above
those which are quoted by us, being
about 16A cents for lake, 16A for electro
lytic and Is cents for casting copper. In
the absence of any of any but the smaller
or retail business in the first named
grade OF copper, 1t Is difficult to say what
the true market is. We are of the opin-
ion from recent conversations which we
have had with some of the larger con-
interests that buyers views are
today o those they held a week ago.
and that at 16 cents for lake a consider
able line of business could be entered,
For electrOlytic there are some who
quote the market as low as 1917 cents
a pound, others at 15& cents, and still
others at 16 cents. We consider, in view
of the rise in copper in Europe and con-
ttIiuSu AItIIRcSo There, anu the improved
prospects OF large exports that the mar
ket today is quotable at about u of a
cent a pound over the figures which we
have quoted for the past week or ten
days"
Discussing the copper situation, Mr..
Tomlinson. of Patterson & Co., and pres
ident of the New York Industrial and
Mining exchange, says:
IF you will figure the matter down tn
a diVidend-paying basis-tO which test
all stock values must in time come-you
will see that p stocks are payine
dividends than any other secure
ties. The price Of the copper metal
about which we hear so much, is COM
paratively high. compared with that of
the last few years but, as a matter of
fact, the price is more apt to increase
n a otherwise. owing to the great de-
In the arts and the great increase
In the use of the metal. for which no
known substitute can be found. Tn in
crease IN the output Is not at all in pro-
to the increase in the dema nd |
output in the Lake Superior region
was actually less the past year than II
in 1893. AS an instance of the value
OF copper properties, it is well known
the cost of mining has been steadily
by the use of modern ma.
chlnery and improvements in transporta-
ton facilities. 1t will be seen, therefore !
that all copper properties will be sure |
to advance. starting, as they do now. ar
very low figures. In view of all the con-
ditions, l therefore predict a greater
profit for investors in copper stocks than
for investors in n other securities"
~ South Main street, c. F. Fish