36 N 
O Shiwat or 
wera Oy Org reg 
B REE ZE 
$ 
COBB, BATES & YERXA CO. 
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Importers, Grocers, Bakers and Confectioners 
BOSTON & SALEM 
Delivery by our own teams 
00000000 
WEEKLY MARKET LETTER 
W. C. Langley & Co. 
Oceanside Hotel Magnolia 
Members of New York and Boston 
Stock Exchanges: 
The decline in the market was 
only temporarily arrested by the ad- 
journment of Congress, which hap- 
pened rather unexpectedly on the 
failure of the coalition. That the 
market did not respond to this fa- 
vorable termination of the long ex- 
tra session was due to various causes, 
some of them apparent and others 
still unrevealed. The mystery as to 
the identity of the heavy sellers of 
Union Pacific and Steel is still both- 
ering Wall street. Various inter- 
ests have been suspected, but all 
have declined the responsibility. On 
the other hand, the labor troubles on 
the Harriman system have again 
come to the fore. Labor refuses to 
be liquidated but if the present 
apathy of general business continues 
labor must eventually consent to 
share in the general hard times. 
Union Pacific and Southern Pacific 
reply to these demands by laying off 
some 20,000 men. Whether this was 
done out of real necessity or merely 
as an object lesson we cannot say. 
One thing is certain there is no sign 
as yet that the dividend on either 
issue is even remotely in danger, ru- 
mors to the contrary notwithstand- 
ing. In fact so insistent were these 
rumors that Pres. Lovett thought it 
advisable to make a public state- 
ment denying them. 
Our Boston market has at last felt 
Antiques 
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the effect of the continued strain. 
One of our well-known local copper 
men came to grief and his holdings 
in the three mines he was president 
of had to be taken over. The result 
was disastrous to the local copper 
market. On top of this came a re- 
port by an engineer to the Michigan 
legislature giving very discouraging 
estimates as to the value and pros- 
pects of most of the Michigan mines. 
His estimates were made only for 
taxation purposes but they give his 
opinion of the relative merits of the 
different properties. Many unde- 
veloped mines he classed as abso- 
lutely worthless. Naturally holders 
of such stocks got scared and started 
to liquidate. They found no market 
for their stocks and the declines es- 
pecially in the Dow stocks were very 
severe. Indiana, Franklin, North 
Lake and Bohemia, which have good 
chances of becoming mines in a year 
or two declined about 50 per cent in 
the last few days. We have been 
very careful not to advise the pur- 
chase of any of the Amster or Dow 
stocks and present developments 
warrant our judgment. Neverthe- 
less the present demoralization af- 
fords an unusual opportunity to pur- 
chase stocks of real merit at ridicu- 
lously low prices, the prices of all 
stocks having suffered sympatheti- 
cally. The best purchase of the lot 
is Isle Royale, which is now actually 
making copper at a cost of ten cents 
a pound and earning about two dol- 
lars a share with prospects of double 
that amount inside of a year. East 
Butte is earning money each month 
000000000000 0000 000 0000000000000 
AN UNUSUAL FINE COLLECTION OF ANTIQUES 
ORIGINAL IDEAS IN FURNITURE MADE TO ORDER 
90000000 00000000000000000000 
and is worth more than _ present 
prices. Calumet and Arizona _ has 
declared the regular dividend, and 
we consider this stock a good pur- 
chase. This is an unusual opportun- 
ity for the man who will use good 
judgment and pick up some of these 
bargains in the Boston Copper mar- 
ket. Organized support has been 
put in-to protect all the weak inter- 
ests, and we think liquidation has 
now run its course. 
during 
SEPTEMBER 
may be obtained at 
The Leach Cottage 
All boats propelled by explosive en- 
gines and used on any salt waters within 
the Town of Manchester shall be pro- 
vided with an underwater exhaust or 
muftiler, and such underwater exhaust or 
muffler shall be so constructed and used as 
to muffle the noise of the explosion in a 
reasonable manner, and no such boat shall 
be used on said waters so as to exhaust 
except through such underwater exhaust 
or muffler. 
BOARD OF HEALTH, 
Edward 8S. Knight, Sec. 
Manchester, Mass., June 1, 1911. 
00000000 
Furniture 
Cushions and Draperies Made to Order. Upholstering Stuffs. Upholstering and 3° 
Cabinet Making 
F. G. POOLE 
| 7 Center Street 
GLOUCESTER, MASS. 
