The White Pine news. [volume] (Ely, Nev.) 1906-1910, 1909-11-14

The Boston Financial News in it's
weekly copper metal and stock re-
view, says:
Inc signs of improvement in the
demand for copper noted a week ago
have been in evidence during the
week and prices are firmer. 1t is
still possible to buy small lots OF
electrolytic under 13c., but that fig
ure has been received by large pro-
ducers for good round lots. Lake is
from an eighth to a quarter of a cent
higher. All indications point to an
expanding consumption and with the
small percentage needed to bring the
consumption up to the production,
it seems reasonable to expect that
from now out there will be no fur
Their accumulation of the metal.
There was a further accumulation
abroad during October of about the
same amount as in September. Re-
ports from Great Britain and the con-
tinent, however, say there is
interest on the part of consumers and
that the trade is looking better.
There has been constant buying or
the Cole-Ryan issues this week ana
it is understood hat the understand
ing with that interest and the Amer
lean Smelling element only awaits
the return of a member of the lat
ter party to be ratified. There are
also large negotiations on foot de-
signed to place the industry in a
better position and as a result the
large in this country are
considering the advisability of
stocking up with the metal. One
leading selling agency has disposed
of more than 4O,OOO,OOO pounds of
e~lectrolytic, which is mainly for de-
livery before the end of the year. AL
together there is more cheerful sen
timent in the copper industry than
there has been for a long time.
THE SHARE MARKET.
The market has been much broad
er during the week than It has been
for a long time, but the volume of
, business has not been quite SO heavy
as it was during the closing days OF
last week. Prices have held very
well, however, and in several in
stances new high records have been
made.
This improvement in the situation
Is due in a large measur to the
knowledge that the leading copper
interests have come to a better un-
derstanding regarding the metal sit
uation, but several of the special
movements have been based on the
expectation of a consolidation which
will embrace several of the leading
companies.
The stocks which have been affect
ed in this way have been. Amalgamat-
ed, North Butte, Butte Coalition,
Glroux and Greene Cananea, the sup
position being that they will be in
cluded in the proposed combination
as it is being worked out by the Cole
Ryan interests, who are in control of
the companies mentioned. The sit
uation has not changed much since
| we made the original announcement
a week ago, but the movement in the
stocks is one of the best possible evil
| dences that the plans will be carried
through as outlined.
The most important instance of in
dependent strength has been Nevada
Consolidated, this stock having adj
vanced to a new high level on very
strong buying both for local and
New York account. The annual
statement issued is a good enough
reason for such improvement.
In the Lake issues there have been
but few features of interest. Superior
took an upward turn late in the
week, but there was nothing out to
explain it. The stock was very well
bought, however, and some of this
buying was traced to the Lake.
The trading in the issues of the
other camps has been well distribut-
ed, with a strong undertone notice
able throughout.
Brokers generally r more op-