The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1911-03-18
Nav YORK, MARCH u.

with stock market developing condition OF
practically complete stagnation IT is evident that 1t
calls for very serious discussion nevertheless such
rinng evidences activity which have shown have at
least been accompanied with better prices although
there appeared to be no generating for the
ment
outside the market the matter of figures of our
eign trade statement February have created con-
siderable comment Of favorable character. The state
in all indicates report balance OF $54-
100000 and a trade balance for the months from
June sOth of over sSlsOOOOOo in favor. against
S1SS 100000 ana $S4l 10000 the periods of
the two preceding years The especially interesting fea
ture fact during this months period our
agrcuural exports toalled S71575OOOo, s61475O,
600 respectively, giving eloquent tribute
TO the progress making into competitive lines
of export business. Now when reflect that 10 the
above position have created abroad large credit
balance, security hotations there the
past months is fair suppose that at least in
one fundamental we have developed conditions, which
will considerable usefulness later in the year.
Otherwise trade reports unfavorable. with
the country large apparently buying from hand to
mouth while the in the steel and Iron trade
indicates betterment there. railroads appear stl TO
be holding back the current fashion everywhere.
our judgement on these matters is that we all
become
Court decisions Certainly this is urged as excuse
non participation in the stock market and it may well
be the sentiment applies equally in lines of
eral business.
We also observe that discussion is developing in the
direction the decisions will be ignored relating
general business plans the main idea being that
when we have them out the way, matters pro-
coed along active lines
Technically we can only say the market is thor
oughly !quidated, and while burden of carrying
stocks at the present time calls for the exercise of
considerable patience. adhere to the belief that
when activity does develop it will he along lines of adj
vancng figures. A.!llcr & Co.
BOSTON, MARCH H.
The domestic demand for Copper during the has
been than for fortnight past. Stocks low
and copper both foreign and domestic delivery
ing the first half of the month viii be close to 75.-
100000 pounds These big figures and it is
pected that the of the month will witness their
continuance The market electrolyc has been
~ Ia IL SIS with - 1-2 constantly asked by the
American Metal Selling Co. This is usually
allowed represent the Amagamated and Cole Ryan
interests and their tenacty holding for the IL
basis reads just thing that that they ex-
pect get higher price for their copper than that
prevailing present. These interests are known to
in better of business generally. The signs all
point that way. being that foreign consum-
standing willing to take almost any amount
of metal at concessions
II is maxim OF the metal that America almost
never buys cheap being the domestic custom to
simply add the manufacturing margin to the prevailing
price, while the foreign brother usually will
ing to take chance the price of the mater
tally when he conditions right.
| The low prices throughout the entire period
Of copper depression have been made by coneen-
trating properties Whether they maintain the
prices they figuring for producing in the long
is very open question but they well salts
fled sell their goods and take the money for them
prevailing prices, leaving their competitors hold
for the better quotations 1t is to be hoped that their
confidence in their ability make and market copper
ON any esht-cent production basis will be found to
have been justified.
j. II. Cody of Miller & Co.
SANTA RosALiA-
The directors Santa Rosalia have fixed upon APP
ri 10 the final the old shares will be
copied for exchange the issue stock The
extension determined upon because of the many
out-of-town holders of stock who did fully under
stand the reorganization No further extensions will
be granted after the date mentioned above.
Copies of the deeds the property have been re-
ceived at the local office of the company The
ment is being paid rapidly and 1t is believed by
April 10 there win be left little stock outstanding
which could be exchanged for the new issue.
No announcement has been made concerning the
plans for the the company but shareholders
will probably advised shortly concerning the plans
to be adopted i'm the development OF Santa Rosalia
property The directors arranging for a man
ager for the mine who will have the confidence or all
shareholders.
COLUMBUS CONSOLIDATED