The Calumet news., 1911-12-09
NEW YORK, N. ", DEG. s.

irreguarity places This is not surprising in
view OF the situation finally developed in the affairs OF the
Wabash company concerning which at present has
any clear view.
Equally specaltes there has been pressure in
dcatng selling stale holdings with the final result that
might be called spotted and indicative OF re-
ad adjustmett in various places.
Apart from what might called Wall street the
trade situation continues to develop favorable drec
on by the continued good orders for railroad
equipment activity in pig iron and the show
ing of increased clearanees while undoubtedly in
the trade, operations quite substantial and the
tonnage statement of United States Steel company
which may be issued afternoon ought to show
an increase of amounting probably 2OO
600 tons.
executive received with the indfer-
ence which Wall street generally gives
recognizing actual developments must finally follow
from which has not reached working or
der on the various proposed legislation this
session
The country at large, however, has made it's mind
to accept revisons direction another
should these become laws the effect
surely somewhat discounted.
Judge security market will continue its period of
convalescence shocks it has suffer-
year. tendency of generally improving bust
with commodity prices in directions
stng clearly enough indicated to warrant
belief that major security prices win
be upward direction. although prepared to
continue our patience those feel
side ultimate rossbi-
tes.-N j. Miller Miller & Co.
BOSTON, MASS, DEC. 8.
The Producers statement pleasant surprise
complete foreign it shows decrease
SOO0OOOO pounds the month. The is the
absorption from European which is evil
bought the foreign is rapidly
flowing it's way into manifold of trade. the
monthly consumption of 1S5,OOOOOO pounds
most comprehensive the oft repeated question
what are we going with porphyry production"
big consumption will take of II and
be evident to the pessimstic that 15OOOOOoO
date future.
The United has also shown signs of reviv-
ing participation copper market BELIEF
win do better
The decrease production also a good sign showing
a production that put loss has
| teen eliminated
Stocks on hand show there sup
ply hand, in opinion this win be further
| reduced n near future
figures plainly indicate that with anything like
resumption of normal business be further
price of copper and believe that the tech
position is strong that the price ad-
| vance in any event.
Not the least encouraging to those
| tween the lines sproungs intelligence in
handling selling which has naturally
resulted in the arrival of living price for the metal.
position figured in of
such evidences comprehension far least
coppers concerned.-J. II. Cody of Miller Co.
COPPER STOCKS
Holders Of copper shares given agreeable
prise today the Copper association
nounced decrease in the surplus of slightly than
2SOOO,OOO pounds The foreign domestic con-
sumption considerable proportions 1t should
noted, however that production up normal
eng almost 100000 pounds below the figures.
Probably the salient whole situation
is the red large
selling agencies yesterday announced advance the
price copper 1874 while transactions
reported that figure is quite safe say that
| next week will bring buying at this price
or paramount Importance the fact that commission
added little their lines
tivty. The public does apparently realize thn
import of the present upward movement will likely
remain great degree unnterested prices advance
| further.
1t is true that Congress may tariff tnkerng. pol
tcs may played with detriment
business Improvement, but these factors
porary deerrng influences to higher prices We
ish coppers, look for higher prices attended of
course, but the usual and healthy reactions
| HANCOCK CONSOLIDATED
generally expected Hancock directors this week
announced 81 share payable jan
10 and 81 March 2s. This provide the company
with funds sufficient to operations up the point
when 1t is desired to raise further a stamp mill
Just how the company will matter
is concerned is probfematical being seriously
considered a time
The vein which in No 2 shaft recently
has not yet been identified believed however that II