The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1907-03-16
Boston Copper Gossip.

James a. Pollock & Co, bankers and
brokers, 6 West Second South street,
furnish the following. received over
their private wire, yesterday after
noon:
Boston Financial News Gleanipgs:
Amalgamatcd-Th intrinsic value of
the shares seem to force them upward
from the 100 mark every. time they
approach it.
Anaconda-It is being closely held
by those who have long margins. The
weak accounts have been ballcd out
pretty completely.
Allouez-Thc price Of the shares has
declined somewhat, but the stock is
a purchase at all times that it seems
weak.
Adventure-The management is
promising a new series of operations
when the spring opens, The situation
does not look rosy at present,
Arizona Commcrcial-The shipments
from the Copper Hill mine have been
in excess Of the estimates of the man
agemcnt,
Boston Consolidated-The company is
making good progress with the strip
ping operations, for which the new
steam shovel was put IN operation some
time ago.
Bingham Consolidated-One of the
weakest acting shares on the list in
SDlIp OF inc IdCb IHdI lDs ploptllN ID
in the best condition of its career,
Butte oalition-Insiders believe
that the shares arc purchase at this
level for much better prices before
the coming of autumn.
Copper Range-The price of these
shares at present levels offers one of
the best investment opportunities In
the market,
Davis. Daly-Lost no time through
,hn SfriEn of fho
in Butte.
East Butte-The company expects TO
make material increase in the daily
shipments of ore to the Washoc smelt-
er in the very near future,
OBSERVATION-DISCLOSURES think that the
shares are a purchase at this level.
neCananea-The company will
begin It's work on the new smelter IN
the very near future
Mohawk-The company is thinking
of beginning the sinking of another
shaft This is owing to the good show
ing made in shaft five.
North Buttc-Therc has been some
very strong buying of the shares for
the long account.
Osceola-There is l!ttle, market for
the issue The general public does not
seem 10 wish the shares until the pres,
ent matter of control shall be settled.
Old Dominiou-The strike in the
fourteenth level continues 10 be the
wonder of the camp.
Raven-Sharehold insist that
there is something afoot that will make
the issue go much higher Just as soon
as the present market condition clears
up,
Shanuon-The stock is one of the
cheapest on the list at these levels.
Utah Consolid ated-The new smelter
will be built after the plans laid down
by the old management
Boston News Bureau wires: If any
one had ventured eighteen months ago
TO state that copper could be main
cents per pound and better, he would
have been drummed out of camp. Cop
per veterans admit that they them
selves would have then stated that
at % cents the market must ncces-
sarily defeat itself through curtailed
consumption There is moi yet the
slightest evidence that the demand, al
least so far, is slowing up a particle
and Calumet 4 Hecla finds no difficulty
in selling millions of pounds at 261@
cents for April and 26 cents for May
aud June deliveries, The foreign buy
crs. however, arc baking and many
will not pay above % cents. Their
attitude is reflected in n marked de
crease in copper exports from this
country ouI lbI'iSh tHB'llS III j 'p-
ruarv amounted to only 90I2 tons,
against 17030 Tons in January and
Is, sol tons in February, 1906, We un-
aerstand that since the successful sales
OF Calumet and Hecla Lake at 26ls
cents, the United Metal Selling com
pany has marked mp its price for elcc-
trolytic 10 $3.50 cents.
Grand Rapids, Mich, wires: \ dis
patch says: INJUNCTION was asked in
The United States court here by the
Osceola Mining company restraining
The Calumet & Hecla stockholders from
voting Osceola stock which they are
said to hold. Every effort was made
40 suppress the fact that an inlunc
tion was sought, and when asked if
the petition had been granted, Judge
Knappen refused to answer. Accord
ing 10 the clerk the court also refused
information concerning the injunction.
II is his duty To refrnin from talking
about The action until the proceedings
have been settled.
The Metal Market.
AL 80. = !