The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1912-11-18
WIDESPREAD BUYING MOVEMENT IN COPPER
METAL MARKET IS EXPECTED AT ANY Time
Stocks Hands Manufacturers
From Foreign Sources Has Inspired Optimism
Is Being Taken in Developments a Superior
Other Gossip of Properties
BOSTON, MASS, NOV. IS, 1912

The beginning Of buying from foreign sources has In
spred optimism among people the future
OF the industry a widespread buying movement now
over due is expected at any time.
selling Of copper recently prices the level
maintained by the big selling agencies handling
was by firm marketing for concerns most of them
independent The l71a price satisfied their principal
who needed the money the financial
to hold big stocks Of copper.
The big three the head of the American
producing business all OF them principals owning
smelters, mills and mines and through this enabled
t. do they please with their output That they FREE
queny refused slight big poundages was
eloquent testimony of what they think of the copper
situation especially Of big concerns
has always been a seller copper past times what
ever the market Stocks estimated very in
England and United States especially in Germany
where an immense export business in electrical machin
cry is being conducted addition domestic expan
sion along those lines which big
In this country lines they have small, but
the expansion business all metal lines indicates that
big poundage Of copper must be In October the
evidences of Utah Nevada Consolidated strikes
should first become visible in the smelter returns
J. II. CODY of Miller & Co
NEW YORK, NOV. IS. 1912
Discussion of domestic politics and the so-calied
European situation has largely dominated the specula.
ton this week while it tonight matters
clearing in southeastern Europe the security
ket remains by balance unsatisfactory affair
and with lasting residence worth discussing.
1t would appear that the probabilities
sion next March have chilled the speculation enthusiasm
and led to selling stocks probably
with control of the Senate and almost unwiedl!
majority the House. legislation may depart from the
conservative lines which expect
develop. 1t is of situation where the unknown
quantity makes mental operation, the composite
suit of which is shown in the action of the
In other respects business splendid, with
better situation developing in copper among the leading
industries, all OF which gather
roads nowadays making handsome profits
The technical position of the market however, fire.
quenly away fundamentals and it rather
appears to us that this is time it will probably
continue to do and the influence of agitation
will very likely be of adversely accommodating
acter and we should think strongly initiate any
upward the market
& BOSTON
According to official information hand drift
on the Sth level is in commercial feet
and face of drift is still in
occasional punches copper glance running high
200 have been encountered.
The 18th drift has been constantly in
sulphide Of varying grade. continues inn
povement This 18th level drift is being advanced
the east rapidly possible, and the showing
along has been much better than the point
the Sth level present indications warrant
the belief that the shoot being developed
level above will shortly be picked up the level
although according they should go further
to the east before picking up this body. other
words, the 18th level drift point where
the shoot first picked up or sth level
The annual meeting of the company for the election
Of directors for the ensuing will be held Globe
'n December 2nd AS usual the annual report will be
published shortly after the meeting held. As
we have previously stated the developments Sup
'rior & Boston property have been encouraging
han for some time should further reflected
n the price of the shares.
SUPERIOR G. GLOBE
The strength development at Superior & Boston
ire causing some inquiry for Superior * Globe The :
superior & Globe management hopes to have the patent
papers of the entire group at early date ,
They have sufficient funds treasury to pay the
axes and legal keep property
intact though not enough carry on any development
work. Developments in the district may so shape them
eves at any time, however to the
ng assessment and prosecuting Superior
Globe property .
CALUMET HEcLA- .
The action of these shares the past might nd J.
ate an increase in the quarterly dividend compared
With the quarterly disbursement Of $2 The an
of the dividend will likely any day.
his cmpany has time declarations SO far )
his they have paid $50 quar-
er to be reckoned.
The shares of this company becoming popu- :
ar with spectators there has been about
s. much trading in them the past months as COM
jared with few years ago and were it not for its high
rice caused by the low capitalization it would be
the leaders in the copper share market. .
Taking for instance Chino its 100000 shares
landing when selling at $50 would be equivalent $3.50
or Calumet Heca and Amagamated at SIS would be