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WEDNESDAY) NQY'EfABSK. 24..
THE CALUMET NEWS. 5 High Grade Skating Shoes Ladies' or Gents' ' u:iS o These shoes nre made espe-dally for us by a well knnwn, reputable, long established factory. Selecte-d kangaroo calf upper, oak Holes, full heel, tloodyear welt (hand sewed process). Lacing extends to tin- too, which assures perfect fit to the foot, freo ac tlon, comfort to tlie toes and ball of foot, at tho name time holding Instep und ankle firmly without binding. Ton gue and too piece heavily padded to preve nt lacing from cutting tho foot. Supporting strap' around the ankle. ladles' shoo Just liko the Gent's only two Inches higher. In Hlack or Tan price $3.50 and $4.00. We carry a complete line of, Darncy & Horry Skates. The 5th St. Hive Shoe Store Phone 390 Calumet Mi ming News The Calumet & Arizona Mining Co. today declared a dividend of $1.00 per slin re, payable December 20th n stockholder of record December 3r.1 P looks close December 3 and re-open December 13th. The Calumet & Hecla Mining Co. declared the regular quarterly dividend of eight dollars per share. The divi dend Is payable Dec. 22 to stock of record Nov. 26. GAY & STUBGI3 GOSSIP. Calumet, MJch., Nov. 24. Today's market was very narrow at times. lEancock advanced to 20 again on news of striking the lodo In the verti cal shaft Uoston Consolidated ad vanced to 21 on largo volume of trad ing. Lake was not as active today, opening at COVi and declining to around 49. Mass advanced to 7?i on eastern buying. The balance of the list remained at around last night's closing prices. In the curb Cactus was In good de mand at 8V4. South Lake sold up to 5. Rest of tho list "was, very quiet and Inactive. Calumet & Hecla declared regular dividend of $8. Tennessee Copper de clared dividend of $1.25. Mr. Harry Hill, vice president of the Hosalla, has Just returned from the property and will issue a statement n Friday morning. , New York, Nov. 24. Although sen timent uptow'n was very badly mixed last night, there seemed to be an un der current of cheerfulness. The very positive assertions made during the day that the copper consolidation would go through, had u good effe.-t on sentiment. The rrfra dividend on Jersey i'py jvaa Bald, not bo the melon ao.oonfl ci ""(! for re'iding. f !Th Btorlcs that tho Lackawanna wo.. ii take over the Wabash were cur rent again. The buying of Wabash has been excellent. Personally, I think that the Wabash refunding fours are n very safe spec ulation and should show big profits .o anyone who buys at this level. Then was a good deal of short sell ing of stocks yesterday in addition to considerable liquidation. The technical position of the mar ket is considerably improved. While there may be more or less Irregularity today and perhaps not to much doing as this Ia day before holi day. I look for considerable Inheritent strength and If any further drives I would buv stocks. J. W. P. London settlement began today and quotations are now for new account. Upstate public service commission 'approves New York Central's applica tion to Issue $44,r48,000 new stock. Copper stocks in London firm and general market hardening. Copper exports for November likely to total sixty million pounds. Southern Pacific annual report showa 10-10 per cent earned on. common stock 12 industrials declined .63. 20 active railroads declined .15. Itoston, Mass., Nov. 24. Calumet & Hecla declared regular dividend of $H. Salt Lake. We get on what looks like best of authority that deal looking to passing of Uoston Consolidated to Utah Copper on basis of 2V& for one in exchange of about $25 per sharo cash Is likely to bo closed today. Pollock. , New York, Nov. 24. American stocks In London today steady rather above parity. Opinions on ultimate effect of Stan dard Oil decision still widely conflict ing. New steamship service between New, York and Norfolk will bo established. Talk of senate investigation of the Sugar frauds. live miles of Pacific and Tanami canal now In operation. PAINE. WEBBER A C0.3 GOSSIP Uutte, Mont. Although nothing dcfl tiito can bo secured from the o$n management of North Hutte, it is learned from miners working on the 2.200 level 'that the drift on the Jessie vein, which was recently intercepted HEAT WITHOUT FLAME Luminous Radiator Simple, Sare, Attractive. No Liquid, No fJas, No Odor, Ideal for the IJath- room. , Houghton County Electric Light Co. by the main crosscut will be under the ore body which gave high values on the 1.800 level, and from the character of the- vein tilling at present It Is fair to presume that good ore will be open ed up within the next forty feet. From the fact that the Kdith May vein has proved discouraging on the 2.200-foot level there Is considerable speculation as to what the development will reveal In the Jessie and the work Is being watched with great interest. Work is progressing rapidly In tho raising of the shaft on the (Jranlte Mountain claim and it Is expected that it will be completed as a three compartment shaft to surface by first of the year. It Is understood that it is the inten tion of the company to Install a first class surface plant on the Granite Mountain during the coming summer. This will give North liutto two work ing shafts and will double the present output of between 1,300 and 1,500 tons per day. The phenomenal strength In Lake Topper shares In a market otherwise woak and sensitive is due In large measure to the fac t that there Is no let Up In the sensational underground devel opments. Tho drift south on the firth level (at a depth of 750 feet) Is in 113 feet from the crosscut and the 'ast 35 feet are the richest yet de veloped on the property. A director says: "The showing in the deepest portions of the property surpasses all precedent In the Lake Superior pro perties. Of course wo have not ex tended our levels to a point which enables us to form any Idoi na to tli ultimate size of our property but wc are pushing ahead as fast as possible and every week the property looks better and bigger. We aro sinking our shaft down to the sixth level and by the first of January we should have It bottomed at a depth of close to 700 feet." It Is said a second mill tun may be made this week, and a copper yield even better than the &'J pounds per ton of rock shown In the previous test is predicted. Itoston. While it is doubtless true that the rise In price of copper metal during the past week or so haa been brought about to a large extent by tho proposed consolidation of copper prop, ertles, leading copper producers main tain that the Improvement in the gen eral business situation is also an im portant factor. One of the largest pro ducers of Lake' copper states that his company is oiu, of the market for tho time being and this without having sold any copjKT beyond December de livery. Sales of Lake have been made recently at 14 cents but mine owners state that they would not sell for that figure todiy. Sellers of the metal are waiting to see what turn the situation will tak and refuse to quote a price for the metal until conditions become more wttled. In view of the fact that there have boon very large sales dur Ing fie current month, many look for a very favorable copper producers' state meat on the 10th of December. In this there may be some disappointment for. as we pointed out previously, the stiles this month will not appear In the deliveries for a month or two at least and right here we mention again that the Copper Producers' association should divide their deliveries as cop per sold and unsold. In this way tho public would know the exact status of the sunnly of copper on hand. The present form of the producers' state ment Includes In surplus a large ton nage which has already been sold but not delivered. Estimates of the sale of copper during the present month are that between 125.000.000 and 150, 000,000 have been disposed of. It Is doubtful If the producers' statement will reveal figures as large as these. The total exports to date are close to 40,000.000 pounds so that the home sales have been the Important factor. Uoston. A prominent local broker age Interest says: "While it Is gener ally agreed that the Calumet Hecla Interests will have nothing to An with the proposed copper combination and there is lack rf Interest in these stocks because of that fact, the apathy will be temporary only for the merger will be. of great benefit to Calumet & Hecla anrl-lo nlj other Independent copper producers.1 simply because of the fact that It wll tend to make a more " -' 7 " ' future of Superior than in, any of the other Bubsldlaiies at this time be cause of the fact that tho underground showing continues to bo exceptionally good and because It Is demonstrated beyond a question that this mine can produce copper at a cost under 8 cents a pound, and show go d profits on prl. ees higher than the present market value when the production is Incrca-c-d to Its expectant basis. CALUMET & CORBIN. Hupt. Hosklns h is telegraphed 'apt. James Wilcox, president of the Calu met & Corbln Mining company, is follows: "Just struck big vein east of fault on 200-fout level." It la presumed the vein referred o Is the one from which largo value:' were taken by former owners of th" property and the vein whlc htho com pany has been bending every energy to open up. Drirtlng will be started at once. The news Just received Is tho most Important from the property ?'nco operations were started. C. & A. DIVIDEND $1.00. STOCKS Itoston, Mass., Nov. 24. Under the leadership of Amalgamated the whole copper market was feverish and uncer tain today. Prices were run up a frac tion of a point and then broke easily. The movements on tho whole, however, were small and all through the day confidence was growing. Toward the close the buying movement became more general and prices closed at the top with tho feeling very bullish. Itos ton Consolidated was the leader, clos ing at 21, a new record high point. Wo are assured that tho proposed cop per merger will go through and have no hesitation In advising the purchase of coppers for a good turn. ralne, Webber & Co. Oav & Sturgls says: Jtoslon .Mass., Nov. 24. The coppr market acted splendidly today. There was evidence in the early trading of a, pronounced drive at Amalgamated and Utah Copper but on the decline there was little stock camo out ex cept through the catching of stop loss orders. In the late dealings tho mar ket rallied orderly and easily under the lend of Itoston Consolidated and had every appearance of a healthy and broad market. Hall. M r 1 1 mar eiiifamsi AMVWvl Fifty Years the Standard. Makes finest cake and pastry, light, flaky biscuit, delicious griddle cakes palatable and wholesome. Ingredients found in the low-priced baking pow ders are deleterious. The active principle is a min eral acid derived from sul phuric acid, oil of vitriol. Established I8S0 Paine,. Webber & (go. Members New York Stock Exchange " ; Boston Stock Rxchanc "."" " New York Qotton Kxchan2c " Chicago Hoard of Trade " Duluth Stock Exchange CUR II STOCKS GIVBX SPIZCI71L TlTTIiXTWX PRivarn wutn to till mtikkizts Calumet OfficoPainc Webber Building M, J. O'BRIEN, Res. Mr. Tclephoncs"60, 89 and 139. Wo Lima rhosphates BOSTON STOCKS. (Paftif, Webber & Co 1 Amal 89 Adventure 5 Alloucx lisax A read lan 41 Atlantic n '.i Ariz. Com 43 Itoston Cor 21'i Uoston Con 21V6 c. & A ior c. & 11 , CS0 Centennial ;... 3S4 Coalition 30 Vi Copper Ilatigo 8314 Paly West 9 East 15utto 12 Franklin 16Mj Glroux 11 '4 Cranby 102 C.rerne Can 12 Hancock 19 Helvetia CT; Isle Itoyalo 25 Vi Keweenaw 3llld Take ( 49 La Sallo !." Mass .7 Miami 1 7 Vi Michigan 6 S9'.i G 12 4.-)'i 21 lOVj (59(1 39 V, 30 .yt m 9'1 12 U 17 11 U 103 12',i 20 7 2f.Vi 50 lfi 7'6 17, 7 Mohawk 02' C3 Nov. Con.i -7 2'T.h Nipisaing lOi 10'j North Itutte fil'i CI' a North Lake 91 i 9 OJibway 7 8 Old LK.in 52 ',i 03!j Osceola l.V.i 150 Parrot 30 30 Vi Quincy S7 87 Miiiiir.rm Iti'i 1 ! a Sup. & Uoston 1 4 i l."'i Sup. & Pitts lOi 17 Sup. Copper f.t f' Tamarack U OS Trinity 11 , lt'is I.' tall Copper c 61 U CI1, a ! S. Minim? o7 5r.'j Utah Cons. 46 Va 47 Yii U iia 33 4 Winoivi 7:Vi 7'i Wyandot -'i SJ'i Wolverine ..... 113 119 NEW YORK STOCKS. sidcrable prolit-taking In the early trading, but toward the close bolter demand and short covering caused a inlly. London metal was weak early but re gained its loss on the -close. Han cock was again a feature on the curb, selling up to 20. They have been working in the lode for the past two days. However It will take a week be. fore the entire vein will be uncovered. South Lake and Indiana were strong and should sell for considerable more. Vice President Hill's report on Santa Uosalia will not-be published until the latter part of the week. tSreeno-Can- an.n, (Jlroux and Nevada Consolidated are weak. (J. A. Minnsar &. Co.) Uid .4: ..215 Cay & Eturgls turnlsh NeWYorli auotatkme;' the 'ullowlag Open III. Central Amal .' Anaeotid.i Locomotive . ... Smelters Sugar ..: AU-hison (. P.. K () i;. K. T. Colo. Fuel ( It. North pl',1. .. L. fc N M. K. & T N. Y.. Cent i- 1 Cons, fj as Northern pari fie . . Pennsylvania ... . Heading C. & () Rook Island Tenne ssee Copper Wabash pfd St. Paul Southern Paeiilo . Southern Hallway W'estern I'nioii . . . IT. S. Ftce 1 Steel pfd Union Pae-Jflc . . . . , . 90 . . StiVi .".121 .1 I Mi . .lir.vi Cloe 147 V! .v.-! .VI 99' 121V 119',. nr.- .. 49-; .hit; .131-14 . . 4S'i .121 ..l.'.OVi .141 , .132'i , . io:'i ,. 87 U ,. 3Sf; ,. 40. .. 5(Pi . .1. ..12S!"i .. 31 U .. 7SU .121 7; 49 11211 ir.i IM-s 127! ir.i ln-i 13K-1 1 170',; j I 3SU, 40K 1 Arizona & Michigan Ahnieek . lilack Mountain ... Uutte H London '. . liutto.' I'.alak Clieniung t 'of. Cem Chie-f Cons Cumberland Kly . . . Chlno .: ... Calumet Corbln Calumet it Montana ( 'orbln (Jojmer .. . . . Cactus Havis Paly Deiin Ari.ona Kly Ce-ntral Col. Hi. -Id Cons 9',i Ciroux Olobo Cons. . Ilomestake . Hermina ... Helvetia llancook .... Indiana Inspiration ". . Ke-weenaW . . La Lose Lake Copper Hi Vn Va .r.s 3 '.4 G 4 l!i 8 S'i 10-; 3 .70 7 19 . S'i 7'i 3 '4 4- 4 9 Vt r.r.'4 , l & A. ir.ii 129 31'; 7S'i 124 201', UNLISTED STOCKS. J. A. Mlnne.ir & Co. say today: The market continues n'tive, though Inclined to bo erratic. There was con- Live Oak Miami Moi taiia Clinton . Nipissin North Lake ... . Ji! ay Oneeo Tlay Cons Ray Central ... . Sierra Shattnek Santa Rosa , Superior & C-lobe 9 17 .11 10V4 9'j 2Ui 2 '4 , 5 Asked .50 230 .s; .27 10 15 l-tt I'.i 8i 9 .01 l'i st; 'M 6V4 H Hi in; .80 .50 7U 20 774 3',i 4'i no o 17V4 .15 10 10 8i it; 22 Vj 2 "a G'4 22'. 3 .80 11 Profit-taking was in vogue today. Hancock has been working 'n ' j ' 1 1 i lod for two days but it will take a week before it will be completely opened up. Supt. Husking wired Calumet & Corbln struck ore east of fault. Vice President Hill ef the San'a Rosalia, who has been vlsitin.!? the pr' pe-rty, will Issue hid repeat th' latter part of the week, i-'rom what we can learn it vill be g-od. j J. A. MINNHAR & CO., Brokers CALUMET, MICH. LAURIUM, MICH. PRIVATE TELEPHONE EXCHANGE Gay & Sturgi 50 Congress St., Boston, Mass. Members of The Boston Stock Exchange DEALERS IN Bonds and Stocks, Listed and Unlisted Our faclltlea for handling your stock business Is unsurpassed Direct private wire to Jioston, Duluth and Houghton. Also direct connecMon with Hornb!ower & Weeks, Members of the New V ork Stock Exchange, with offices at Chicago and Detroit . ' , P. W. GRIERSON, Mgr. OrriCE 108 FIFTII ST. " -: PHONES 830 AND 840 A. TENNYSON PRYOR WARD B. SMITH Phones 818 and 819 South PRYOR & SMITH BROKERS- 37 Isle Royalc St., Houtjhton, Mich. Direct Private wires to Boston and New York Stock Exchanges. VM. DUFFNUY, Manager CURB MINING ISSUES A SPECIALTY. Reliable Information from Competent Mining Engineers and Corres pondents in tho Various Mining Camps at tho Disposal of Our Clients. Thanksgivfn Wines and Liquors JUST received a big shipment of California Wines, which are considered the best in the country. It is not a Thanksgiving dinner unless you have some wine on your table. Our Motto is "Quality as well as Quantity" as I must uphold the quality of the good, there fore I cannot run a cut rate Liquor store. Carry a Full Line of Cigars and Pipes REMEMBER THE PLACE Supe rior & lioston 14Ti Superior & Pittsburg 16 '.a So. Columbus 08 Tuolumne 3V Tonopah 6 14 Wolverine! & Arizona Rj Yuma l?a 15 17 .10 .'.Ti l'a Luries Licjyo tore Phone 456 v--- 315 Fifth St. Calumet Mich. MINNEAR & CO.'S GOSSIP. This Supe rior Copper Is being push h1 to a new high h-vel on the increase vi nck shlimu-nls to tho Atlantic mill. The New Ilaltic Kxplnration company has made a further good nhowin; of copper Erouiiil in its drill operations. The rinto shaft on the Cactus Is now clown 550 feet anil 20 of this Is In commercial ore. H.inrock's vertical shaft Is Kitting fairly Into the so-culled No. 3. lode. f! AVE YOU the Liquor f Disease or the Drue M or Tobacco Habits? If 1 so, co to the TAYLOR I INSTITUTE, Iron River, permnnently cured. ne-ar Scottsvllle, 111., and continued to reside in that stated until 18ss, win n he removed te North Dakota. He win celue-ated for the law but never prac ticed his profession. In North Da kota he has accumulated n fortune jis a farmer, banker und real estato dealer. CALUMET AND HECLA. All details have been completed for the stamping of the rock fnm the OnceoIa amygdaloid In the lands of the Calumet and Hecla, In the Tam arack mills, and the treating of the conglomerate In Tamarack lands In tho mills of tho big company and this Interchange will help Tunrirnck Ptoc kholdcrs. Tho Calumet nnd Hecla is fending nbout "."i.OOO ton of amyg elalold rock to mill monthly, or i total of POO.000 tons per year, all coming from a l de with miles upon miles of openings, enough to furnish an Immense tonnage for a great many years. Tho following gives tho depths of the shafts on tho Osceola amygda loid; No. 13. to the 2sth level; Nob. 14 find 15, to the 22nd level; No. 1 to the 21st level; No. 17 to tho 16th level, and No. IS to the "th h-vel. Six mam moth shafts, commanding the strike of tho lode for a dlxtnnee of two and a half miles, and through which It will bo possible to bring to surface thou sands of tons dally, makes a good feeder to help out the richer con glomerate. Native Copper Times. An Inner Player is installed in tho Weber line which includes the AVe bc-r, Steck, Vv'lx e lock, Sluyvesant, all made by (Jrlnnell r.ros. x Fountain Thompson, th new Good Malt and Hops Tho Very Bt Obtainable That's tho kind used in th Production of RlieingoU Beer. It is Exquisite in Flavor and Rich in Qual ity. Sold Everywhere. Scheuermann Brewery 'nliten senator from North Da- X ' ' ' ""- '.I.... 1 - -