The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1911-05-22
~ GOSSIP Or Tie NByJ.A 6 MNHEAR
NEW YORK, MAY 10.

NEW YORK, MAY 10.
Practically the topic of discussion this week
been the Supreme Court decision in the standard OH
Which. while corporation carried
with 1t the qualification of entirely new construction
Of the Sherman Antitrust law in the opinion given
with the Judgment OF the court.
Marketwlse. both Europe well as New York accept
this large bull import with resulting
new and heavy demand for stocks and with probably
quite buying the part of the old stale
erest. which has been steady accommodating for long
time past.
or the judgment Of the court meets with dis
cussion altogether friendly certain
high places the law has been laid down and appar
emily only congress change it. with all that may
imply If later attempted.
Apart from this the foreign trade report for the
month of April makes another excellent showing while
the growing crops highly favorable In other di-
recons there evidences builish change SEN
timent in commercial and trading circles following
Monday news quite few concrete instances developing
in confirmation of this.
Money continues easy, but the investment demand for
bonds has slackened a bit they are harder to
sell than of late.
Just now the market Is much concerned with the adj
vent OF the Union Professionalism Pacific decision
which IS daily expected and which may great inn
one way or the other AS TO the technical
sition OF the market it looks a bit easier.
A considerable of stocks have to be dgested
While the bears longer eager competitors in the
bidding Probably this resting point there would
be much risk in letting some stocks bought lower
down with fair opportunity repurchase cheaper. but
our main and broader view continues bulish and the
larger opportunities feel confident have for
a long time past continue to exist in the ownership OF
securities.
N. j. MILLER, OF MILLER AND co.
BOSTON, MASS, MAY 10.
1t would be hard to the abrupt change in
sentiment which took place Immediately upon the
nouncement of the Supreme Court decision and which
extended every branch of industry Those who have
been inclined hopeful view of the situation
have their leadership and the market
moves onward.
London and the foreign eccount as usual have been
;he dominant factor in the metals They have been
good buyers but in spite of their the
stocks metal abroad have constantly decreased until
the market there has volume of metal good deal be-
low the normal
America is again the laggard. Domestic smeers stin
persist the position likelihood of any
copper for time TO come, and they
still carrying practically metal and buying only that
which goes Immediately into process.
There be question but that the decisions have
opened the way for the completion of combine
which in future will act trade barometer United
States Steel does that trade and which will
sure steady higher price for the metal 1t is only
Ter such conditions that the small independent
lourisn 1--we ALL Should competition become keen
r. should the price level forced would be
he little fellow who would suffer.
1t is certainly true that the small steel Independents
rave never fourished such extent they have
lone under the shade of the Steel corporation. and
here is every reason to think copper independents
would do likewise.
There is much discomfort ahead of the little fellow in
he consolidation of the big producing units a sin
lie concern and especially i'm the Capitalization
eing of the metal and every with a scinta of
oresigh is hoping for it's very early accomplishment
Quotations both for Lake and electroytic have been
igher this week than last volume of sales have
zen light.
j. H. CODY OF MILLER AND CO.
COLUMBUS CONSOLIDATED
The annual meeting of the stockholders of Columbus
Consolidated will be held June 6th are
lg made to GUST the old directorate and substitute new
oard, several of whom former residents of the Lake
superior district
A lette