Newspaper Page Text
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PAOC TEN
Trfa BlSHCg. DAILY REVIEW, BISBEE, ARIZONA, SUNDAYMORNIN G, APRIL 16, 1905.
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The Copper Market and Stocks I
X
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UfoiM OP P innilPP Srifl rlllJiriPlial I OtfOP
miuuiia uuppi unu iimmuuu -Mini
Copper continues to show a heavier
teatdeacy. Lake Is bow 151-4 to 15
S-Se. and electrolytic Is 15 1-E to 15 1-4
casts per pouad. The domestic de
mand is fairly active, but the disposi
tion Is to buy only for immediate or
Mar-by future delivery. The London
market has been under coastaat pres
sure, the selling of Standard, which
has touched the lowest quotations of
the year, having had the appearance
of beansh speculative operations. Best
selected Is firm at 71. 10s, however,
which is equivalent to just under lt V2
cents ppr pound. The foreign -visible
supply Is showing no increase, and the
export movement Is again increasing
somewhat; China Is once more a con
siderably buyer of copper in this coun
try. Authorities are beginning to pre
dict that April exports will "be heavy
enough to make the total of the first
four months equal to the unprecedent
ed record scored in the corresponding
period a year ago. ,
It is positively known that there has
yet been no acumulatton of unsold
copper In the hands of producers. Stu
dents of the trade situation estimate
that domestic- consumption and ex
ports are absorbing every pound rf
copper that is coming from the mines
at the present time. The 'strikes now
on at three Lake Superior mines will,
if they continue, reduce the output of
that district 2,500.000 pounds monthly.
In the present condition of the market
this will prove no inconsiderable item
Calume.t Mich? April 13. 1905.
The directors of the Bonanza Cir
cle companies are having the annual
meeting here, now. It will be remem
bered that the annual reports just is
sued dealt with company doings for
the calender year 1904 and up to
Jan 1, 1905 only, so that it is- probable
some news of the past three months'
doings will be get-at-abge after todays
meeting.
Brpkers report the past week rs
culte uninteresting and inactive in
Bonanza Circle stocks but they insist
that some pronounced activity in all
stocks must be looked for very soon.
They say this month has always been
au active, one in previous years and
they don't see why this should prove
an exception as all conditions are fa
vorable for a reasonable advance.
The failure of, the .Fuller Brokerage,
compaiTi" "the past-week has
THE GENERAL CONDITION.
Th& past week has witnessed no
'startling developments In the steady
operations being conducted In the dis-
trict There ha3 been no cessation
at the producing mines and the smelt-
era at Douglas are kept supplied with
their usual shipments. The Calumet
& Arizona will probably exceea tneir
copper output this month by a few
Ions and the C. Q. may he expected
to do likewise, Not until the addi
tions to each plant lit present in
course of construction are completed,
need any large percentage of Increase
"je expected. Last month the Copper ;
Queen smirer broKe tne Tecorff Tori
the United States and stepped into
first place with a production of eight
million pounds. This will in the near
future be Increased to better than
eleven millions pounds and probably
more before the close of the year. The
Copper Queen smelters, even with tho
addition for three new furnaces, will
not hae reached the plans for this
immense reduction plant as originally
drawn.
Unless all signs fail the American
Development company is fast making
ready to enter the active development
company lists. They are quietly gath
ering together some of the most prom
ising claims in the vicinity of the
Junction and Saginaw and the last
quotation of the stock was $80 but has
cince been withdrawn from the mar
ket. t. .;. .;. t
In the Bonanza Circle there is a
steady grind with the expectation of
having other shafts besides the C. &
A. ready to begin shipments to fhe
reduction plant la May. Whea we
stop to consider that the C. Sc A.
ake has paid over a million dollars
is ivMends during 1904, th,e outlook
s exceedingly bright for double that
amoaat when L. S. & P., P, & D. aad
Junction hegia to add their quota to
the ore pile carried at Douglas.
4-
While everythiBg Is la the feest con
dition possible at tfee'BoBaaz proper'
ties still the past wek has been ob
of stagnation 1b the stock wc.kefc
Every atkiag rtampd off and from
the ekwe yesterday evldestly the ead
k st yet Somthing Is wroag f
&mr bofet at fl other a4, moaa-
mt DalBtH on-i Clumt The couK
tfoo tat beea blamed on North Battc,
tfc aew company organised last week
ao4 jki ttowbi this ha had a great
tea wttk the conditio!, bt tfata
la cartaJo, the ntsaa wht(
batter ad aaartac Owr ao-
d that ant be Om
oCtte stock
jrftar
a.k
Mackenzie's Letter- From Copper Country
naSMR
I There is nothing in sight to warrant
pessimistic feeling or doubt concern-
ing the immediate future of the metal
ImarKet It is known that a great
many consumers are devoutly wishing
for slightly lower prices, and that they
jvil! buy heavily if the opportunity de
sired presents Itself. They HJU8t"bHy
'sooner or later, however, regard Jess oi
price.
j Discouragement continues to be felt
locally because of the failure of cop
pers to join to a larfcer degree In the
activity and strength that has so long
characterized the railroad and indus
trial stocks that are traded in on the
New York Stock Exchange. The ar
guments that the advance In the price
of copper entitles our coppers to (a
large share of the speculative atten
tion, that Boston traders are rich and
anxious to join in a movement as soon
as one Is started, that the companies
whnftr KtnMrrt nri 1iRtH hor firp In
'splendid financial condition and cer
tain to pay larger dividends this year
and that the way the coppers are held
makes them especially attractive pur
chases, are ill concerned, but still the
activity doesn't come,
j This does -not mean that the ad
vance in tho price of copper has not
(been recognized by tho stock market,
as some writers have thoughtlessly as
serted. Most coppers have gained
from 50 per cent to 300 per cent from
the low prices they reached as a re
sult of the break la metal quotations
fected local trading, though quite a vance in pay and it will probably te spread bearing on all the ground in
few "persons, customers of that com- granted. There has been some talk that part of the Circle and if C. & P.
pany, have suffered substantial losses. ' of a general strike but the better In- makes good it Is certain to lift up
The weather here hasnow turned formed assert that this will" not trans- every stock on the list,
quite springlike and the last of the , pire. i The present share price on C. & P.
snow is disappearing rapidly. j Many new properties are being SGems argc n,cney t0 rI,k In a pro-
Spring, gentle spring, has brougnt floated here both local and foreign. ' osUion jiich many say has not vet
us a condition, which is quite a no.--1 Three cr four Mexican properties Shown c oro but thcreseems little
city in this section of the country, in having agents here. Duluth people t,0ubt in the minds of the'fiest posted,
that several of the local mining com- seem to have bought heavilv la the ones tIlat the r, & p -wjh promptly
panies have strikes on their hands. (North-Butte proposition and. this prob- jjjjnje the water and that-it is certain
The local officers of tho Miners' ably is in part the cause for siuan jQ disclose heavy ore bodies at least
Union declare that the employees of t interest in the Bonanzas the past fa tjje section of Its ground lying be
the individual companies affected arc i week. " ftween the Lowell and Junction shafts
out, not under orders from the "Union, I Will the combined efforts of the T,fV.T a rTor,irprj t,o..
but solely under their own initiative
and to secure adjustment of differ-
ences peculiar to the individual prop-(crty.
erties in each instance. Many of the
miners on strike are not union men. in-
deed. It is probable that only one-half j
of the underground men here belong '
to the Union.
hoFof-'&The'striberssaskifoributslIght, ad-i,
IN CALIFORNIA DISTRICT
At the Chiricahua Development in
the triple compartment shaft they
have cut a station at the 400-foot level
and aro now drifting 700 feet wester-
ly to make a connection on the Juh's
canyon side with the double compart-
ment shaft called the Mars and are
now in the drift about 100 feet; be
sides, they are still sinking on both
shafts to the 500-foot level, where they
will make another connection. In the
Mars shaft they have ore from the top
of the ground and between the 300
and 400-foot depth they have tud
through a deposit of sulphides from
10 To "70" feet In Thlctaess.
4-
The Manhattan Development ex
pects to begin actual work this com
ing month on the Kleder & Smith
groups. They have bonded and have
ordered machinery some time ago.
The Duluth and Minnesota capitalists
have just paid ths-$28,000 remainder
of the Sullivan group and hope to
begin active development very soon
4-
The second payment due on the
Copperoplis ground has been paid thU
month by Mr. E. L. Sweeney here.
4-
The Savage Development company
(a Chicago company), of Round Val
ley, has had about 15 to 16 men em
ployed all winter and they are grad
ually buying up a large group of
claims. Their principal shaft and tun
nel work is on the Snowball, which
runs- well In silver aad. copper, is
white quartz and feldspar.
'
The Smith group of copper claims,
Joined to the Holborn group of copper
claims, was lately purchased by H.
Lewaaioski,j who is the general mana
ger of the Savage Development com
paay. .
r
H. Holborn Is running- a tunnel about
ISO feet oa the top of the 500-foot
J ledge, which runs In copper ore al
w.. nwuno v- ..lulu Wl VM UHUKS 611 Ul 4U prUye.IieS BUUC tT
Cwnratags, and oa the Jefferson, he ferred to, he unhesitatingly states that
has several large showings, one of fejs confidence in the future of Tomb
wklch is 36 feet across, which assays stoae Is streagthened with each suc
eight aad oae-half per cent copper . ceed Ing day. the development reveal-
9mA gold and silver values from the jng the act that large and valuable
swrfaee. Befaur ia the center oCwe rtamsits do exist underneath the
two natural springs,, oa at whlci
flaws throua th&e two 'claims,
the rich hrttScattoaa aaow a moasti
rf copper.
4
-WftHwa Mar. dje Imp the Savage
D-rkqMMBt CTwaaaay cm the worth of ,
T aua TaHy, has mme vary vaitia -
, ptu or it, ur inmnu raw m nraiitu u nuimv r iv i vEt, ...ra.. ,
Om Ha-riMUK, wMek )- vary rk j
Jarcatia - dapih eeft fee . - -'
three and a half years ago. As recent
ly as the closing months of 1903, for
instance. Amalgamated broke to
333-4. Anaconda to 141-2, Atlantic lo
.7, Allouez to ?, Bingham to 2012,
.Utah to 22, Wolverine to 54, Tama
,rack to 75. Quincy to 80. Osceola to
J43, Calumet & Hecla to 400, Old Do
"iuiuu im o, vjc-uienniai 10 j.2, ana uoo
per Ttange to 301-2. These prices
certainly look extremely low as com-
i pared lo the present level: but thy
represented panicky conditions, loss
of public confidence and the fierce
competition of the unfortunate -ind
foolish as sellers.
Though coppers are selling at very
much higher prices at present, they
have reached this level without my
over speculation almost no specula
tion at all, in fact They have made
their gain, chiefly on investment buy
ing. Only a very few of them are as
yet selling up to what should properly
be called their full value: and It must
be rememb'ered that as a rule boom
times carry security prices just as far
above actual values as panic periods
force them below their proper level.
There is not one real good reason for
doubt that we are entering upon a pe
riod of broad and active speculation in
copper shares, and there are many
reasons for the belief that we are.
One of our successful floor traders
said "Wednesday: "We ace at last
beginning to get our copper markst.
Amalgamated Is the leader now, and
Junction and C. & P. pumps serve to
let down the water in the latter prop-1
Even the C. & P. , knockers
here hope it will and there'is a strong
belief locally that the C. & P. will
soon begin "searching things" below
the present horizon of activity in that
property. I
jThis sort of result will have a wide-
Parties are leasing the 'daimsor-f
Gallien & Forest just above the norm
ern outlet of Round Valley.
5 $
Over the mountain the Cochise Con
solidated Copper company expects lo
jjui ill u mjliceiiiriii.ur iJiaui ttuu biun
a shaft on the Ainsworth 500 feet in
depth and ere now down over 100
feet They have a fine showing od
the Duplex and Treasury claims.
kliere they have spent considerable
money prospecting the past winter"
.j.
Scanlon & McCIennan, on Horace
mountaln, have a four-foot ledge of
copper sulphide which assays from j producing a unity of thought, impell
14 torpefTenTata-aeptlr-oriirreetrjnjjTg-jaTjOf &s on-6 ju an. enUeaor lo
4. 4. ,
The Eagle City group, which has
been developed by Bisbee capital, i
bondftd by Denver parties.
4- 4
Cave Creek Is coming to the front
with silver and lead properties and
the Epley Brothers have bonded their
copper mines to Douglas capital fo
two years.
o
Frank M. Murphy, who was a Bisbee
visitor the first of the week, president
of the Development Companv of Amer
ica, talks interestingly of the several
mining propositions now being hand
led by himself and associates.
Mr. Murphy states that the Imperial , sources of the district
holdings are showing up some wonder-1 o -
fully large and rich ore bodies, the ex-l AMERICAN DEVELOPMENT AND
tent of which gives unmistakable as-! PROSPECTING,
surance that the mine will be a good . At a meeting of the American De
producer for years to come, the pres- j velopment and Prospecting Co. held
ent reserve- of ore being such as to yesterday it was decided to send three
guarantee the Installation of modern men to the property of the company
paraphernalia that marks the success-' adjoining the Iron King at Jerome,
ful operation of the mines of the dav.j These men are R. A. Battenfield, J. W.
The Poland mine In Yavapai county is pitts and J. G. Battenfield. They are
also looking well and Its output will be all well known Bisbee miners. It is
Immediately Increased by adding great- propone" HiaE-tiey shall go to work
ly to its working force. At the fam-! sinking the shaft that the company
ous old Congress mine la evidences of has started Just as soon as the weath
prosperity, rpcent ore bodies having er conditions will permit. "When work
been revealed that warrant tho belief j -as recently stopped at the 50-foot lev-
that the ucngress will again come u
b front as a cenerous nroducer of
t precious metals. While Mr. Murphy
sabterraaean lake that In, early days
made the successful operation of these
miaei kek bs uninviting. But since
this great hody of water has beea
Md te yield to scientific methods,
there no tourer reiaaJae any doabt ia
the mimte of the Management, of the
Tenbate CaoaoHdatod cotiiaaay as
thrWat, aod aetia tfee
koovMax ctuird while eKatoitlag
OutJooic of the Metal Market from an Authority---
Foreign Exports For April Increasing
one stock after another will follow.
After awhile the buying will extend to
the entire copper share list. I have
morn confidencp in the coppers thaa
at any timtf in the past." I endorse
this trader's view, and I believe cop
pers should be bought especially the
dull and neglected ones.
The disturbed labor conditions In the
(Lake Superior mining district may
civusu temporary neavmess in a tew ot
the copper storks. There are strikes
on now at the Franklin. Wolverine
i and at two of Osceola's three mines
.It Is not Improbable that other compa
nies may be affected a little later on.
I At the worst, however, the result tvHI
be only a little loss of time and pro
duction, and possibly a slightly higher
(wage scale in the future. If the Lake
Unning companies could be assured of
a continuance of present metal market
conditions they would be found very
read yto advance the already high
standard of wages paid. '
Am-Jgaxnatcd has been one of the
market leaders this week. Some time
ago I expressed the opinion that the
inside interests had determined to
vindicate themselves of the charge
Jmade against them by causing Amal
gamated stock to again sell above its
flotation price of 5100 per share. It
would certainly appear now that this
is to be done. Good market author!
(ties believe that it' would not only be
fan easy matter to put Amalgamated
Feeling- in Mjchigan Centers Regarding Bonanza
Gircle Properties Located in the Warren District
U. U.fl J. Oi. J. . Oi. -. .....
been sold to some extent the past
week but it really seem a weakness
let these fine stocks go at present
p5,cef J one considers the fine
, mowing unutrtrouuu.
! The unlisted market is fairly steady
with the demand P. D. by far the
best we have ever witnessed. The
- r" "KTnfMffd , wiyirinif "i
UHaciepthorM)05,ree:
pump will be installed at the present
depth and sinking and drifting conHa
ued on- down to the 1200 foot level.
Upon the success of this company
much depends the future of this imme
diate district and we are pleased to
learn that no relaxation in the devel
opment work- here will be entertain
ed by the company, but on the contra
ry, renewed activity will be a notice
able feature on the old Contention
Hill, imbuing all with confidence to
make further exertion In the mineral
field, which can not but have a tend-
ency to invite others into our midst
develop the boundless resources which
have been instrumental in hringing
Tombstone so prominently before the
yes of the commercial world.
Everybody places confidence in Mr.
Murphy's opinion on matters pertain
ing to mining, an opinion which has
not failed the public heretofore, a con
fidence in whose Integrity and ability
has caused the old Tombstoneite to
double his energy and renew his faltb
in the old camp.
Gen. Alger and party, who arrived in
the private car "Michigan," are in
specting the work of the company to
day, and share with Mr. Murphy the
general confidence in the mineral re-
ei so mucc trounie was oeing uau wi
water running into the shait from tno
I surface and from seepage that it was
not practical to continue operations at
that time. Since then there nas neen
little abatement in rain3 in the north
and it 13 not anticipated that work can
be resumed in the shaft under a cou-
ule of .w'eks. The work will be under
the direction of H. C. Harsha, of thisigajg ot these useful minerals, such as
city, one of the principal holders in
the company. It is the intention to
sink the shaft to tlje 200 level as soon
as p(,3ible. The belief is that this
depth will get ere in paying quantities.
A crossrat ill be run from the 200 lev
el. If the ore body is mot then in the
shaft will continue oa down. The de
fermjBatioa to go ahead on the projM-r-ty
was save etreagth t yesterday's
Bieetiag'by a reeort read by E. L. Ish,
stock above par, but that a lot of
money could be made on the operation.
There can be no question that Amal
gamated has been making splendid
profits for some time past It will be
remembered that Boston & Montana
distributed $7,500,000 in December, by
the Ceclarat!oaof one $50 dividend.
Practically all of this went to Amalga
mated. 4 Parrot has resumed quarter
ly dividends of 50 cents, and now the
report comes from good sources that
Anaconda will pay $1 instead' of 50
ctnts semi-annually. This should
put Amalgamated In shape to pay
$1.25 to $150 auartqrly, and there is
good basis for the belief that copper
will sell high enough in the future to
warrant the continuance of such a
dividend rate on the stock indefinitely.
A further Increase in the Amalga
mated would naturally stimulate othei
copDers. It is my opinion that some
of the Boston conpers are more attrac
tive purchases than Amalgamated at
current prices. Notwithstanding dif
ference of values, however. Amalga
mated seems to have the middle of tho
road for the moment, and I think
those who want to speculate will find
it a good purchase (using stop-loss or-,
"ders) on every reaction for some time
to come.
Calumet & Arizona's annual report
for the year 19ff4 will prove agreeable
reading for its stockholders. Analyzed,
it shows that the company produced
balance of the list is offered more
freely than bid for except the C. & 4..
and good sized stock3 of this issue
j would be taken at 1051-2. L. S. & P.
'is 44 asked with little trading reported
and C. & P. Is 38 asked with only a
small demand. Duluth continues to
sell P. & D. andxtaking C. & P. in a
' small way but tho most of tho selling
is to protect the North-Butte suj-
SCription3 We have not heard ot any
j transafctions in North-Butte today. ut
the price is still firm at 25, Don't
gpt scared in the least about the
S3lling in P. & D. The very fact that
there is such a good demand for he
realizing sales is a bull card on it.
You can't mention .one thing against
the future of this" property They
have one body of ore which has been
proven 200 feet in length and 300 feet
in width and they are not to the iiid
of it et Every one acknowledges
Jhey have more in sight today than
amammoUinaiweiyiexperuiajinaigronna, at me
' same time making a repor on" the Cop
per Chief property adjoining, for which
there is at the present time some live
ly bidding in progress on the part of a
couple of eastern syndicates that are
after the property. The report of Mr.
Uh uas as follows:
"The claims belonging to the Amer
ican Development and Prospecting
Association, in the Verde -Mining DIs
trict are on the same contact as the
United Verde mine. This contact is
a dike of sand carbonates, heavilv
pregnated with hematite of iron; is a
ell defined dyke with a porphyry
foot wall,, and the hanging wall has a
strcaic of iime naie xme hundred feet
In width and a chin streak of sand
stone between shale and blue lime.
This contact is visible for more than
six miles. Has wactically no develip-
ment work of any depth. Where a
depth of from 80 to 100 feet has been
obtained there has been encountered
coppei sulphides carrying good values
in gold, silver and copper, which1
shows an increase In value with depth.
Iron sulphides and copper pyrites show
in the surface workings from 20 to 40
feet in depth. On this group of claims
there is a possible chance that there
is a crossc ontact or fissure, as Iron
King and Copper Chief run east and
west and about three-fourths of a
mile from this property, and on the
same spur of the mountain, but cuts
off this contact, and some sand car
bonate dyke cropping again about 1500
feet further south, which gives a proD
able chance of there being a cross
contcat at this point which being the
case Is favorable to this property. This
property is favorably located from the
contact to the east the way the dyke
dips."
GOVERNMENT WANTS PLATINUM
Owing to the Increased demand for
platinum., the United States geological
survey is about to make an examina
tion of the platinum resources of the
United SUites. It Is proposed to col
lect the heavy sands from all placer
mines in the United States where evi
dences of platinum have been ob
served. The samples thus obtained
will be used in determining tho best
methods of extracting the various
minerals which have economic value.
It is hoped that the separation and
mansetitechromite. garnet, monazlte,
rutile, zircon, gold, platinum, etc., will
in many places become a permanent
and useful Industry.
As a preliminary step to this inves
tigation, the survey Jnvites the owne-s
of placer deposits to contribute for
examination samples of material like
ly to contain platinum. These sam
ples, which should be sent by mail,
must weigh not more than four pounds
31.C3S.CC0 pounds of copper and $193,
92fi in gold and silver, and earned ff,--082,51
S net Out of this, $1,300,000, or
$6.50 per share, was distributed ss
dividends. The company's balance
sheet shows an excess of assets
amounting to $1,823,992.
Carefully made deductions indicate
that the ore treated during the year
had im average value of $20.31 per
ion, that operating costs amounted to
$12.13, and net profits to $8.18 per ton
of ore. As the ore yielded an aver
age of 154 pounds of fine copper to the
ton, which was sold at an average of
12.56 cents per pound, the copper cost
7.57 cents per pound, including con
struction. What the cost of construc
tion amounted to Is not stated In the
report '
On the basis of last year's ope-a-tions,
Calumet & Arizona should earn
this year, with a 15-cent copper mar
ket, at least $2,400,000, equivalent to
$12 per share on its stock. If its av
erage Is kept up to 154 popnds of cop
per, its net profit per ton of ore treat
ed will amount to better than S10 this
year, a showing that can be equalled
or exceeded by but few of the world's
big mines. In view of the fact that
the average yield of its ore for the year
1903 was 177 pounds of fine copper to
the ton. however, it is not improbable
that 1905 may witness a still further
reduction in the grade.
GEO, L. WALKER.
L. S. & P. and the capitalization is
$50,000 less than that company and
, the stock Is selling 20 points less.
Get your holdings in this company
, before it starts up. Duluth people are
anxious 10 sen. j.nree years ago uiev
were just as anxious to sell L. S. & P.
development at 23 to 30 and paid dcar
lv for their impatience. Now they are
I changing the tried and true for a new
venture and may be you will be able
to sell your P. & D. hack to them at
higher figures. Duluth today is the
best trading town in the- circuit, they .
are speculitors everyone of them and
market values do not cut any figure.
They are out for the ready monev.
Our people are investors and this
is a first class inve'stment market
P. & D. may sell a point lower but it
just as surely will sell 25 points high
er. Which Is the best gamble? WaU
and lose 25 points or get in now ar.tl
risk a drop or one point
each. It Is suggested that the gravel
hej concentrated befpre it is mailed.
Careful note should be made on the
package, or in a -letter accompanying
it, of the total quantity of original
gravel for the purposes under invesl
gation. The sand should be dry when
mailed and great care should be ex
ercised to pack It securely, prefablv
in a canvas bag, -ior transmission
through the mails. Each package of
sand should be accompanied by exact
information as to the name and post
office address of the sender, the name
of the mine or claim from which i
came, and the state, county, city, vil
lage or district in which the deposit Is
located". 11 Ts desirable that the own
er of the deposit should state what
efforts have previously been made t
separate platinum from his sand or
from other sands in the neighborhood.
After the survey has made an ex
amination of these samples, govern-
ities where preliminary tests give evi
dence of platinum. The expert will
report on the s'ze of the deposit an-1
ment experts will be sent to all local
superintend the- collection of repre
sentative samples for concentration.
CALUMET & PITTSBURG.
The surface work being carried on,
at all of the Bonanza properties was
seriously hampered during the past
week by the continued rain storms
Especially was this so at the Calumet
& Pittsburg where much surface work
is in- progress In connection with the
swinging over of the railroad track or
the E. P. & S. W. at that point pre
paratory to contimJus sinking in the
Hoatson shaft which has just been
started. It is expected that the mov
ing of the track will be accomplished
tomorrow, however. Water handled
at the C. & P. remains the same with
out any increase.
a-
C. & A. SMELTERS.
There Is a sense of relief at the
Ot & A. smelters this week for the
reason that the car of tools from tha
Wisconsin Bridge Construction compa
ny has at last arrived. This car, which
has -delayed the construction work on
the addition to the smelters, was been
on the road since February 13 and
was received at Douglas on April 14,
Just one day over two months. SInco
its arrival the construction work has
been resumed, and as the other ma
terial is arriving daily now, there will
be no more delays until the additional
furnaces are announced ready for
business sometime next month.
LOST A Japanese five-dollar gold
piece. Finder return to Hermitage
saloon, and receve ?5 In Amercan
money.
3-Q
r ';
