Newspaper Page Text
FRIDAY, NOVCMDEH 2G, 1903.
THE CALUMET NEWS. k 5 High Grade Skating Shoes I ndles' Or Gents' ror use w!f,h hav,nJ? detachable fastenings U"UI or with skates permanently attached 77" llstabllshcd IS SO Paine, Webber & o. Members Xcw York Stock Exchange " Boston Stock Exchange New York Qotton IZxchan&c Chicago Hoard of Trade " Vuluth Stock ISxchaiKjc The Jicalthful properties of Grapes are conveyed to food by CURB STOCKS G1VHX SPIZCI71L TITTHXTIOX PR IV TIT II WIRE TO TILL M'AHKETS Qaiumet Office 'Paine Webber Building M. J. O'BHWA'. lies. MJr. Telcphoncs60, 89 and 139. - 1 - : V J o)frx 0 Those shoes uro made especially for us by u well known, reputable, long established factory. Selected kangaroo calf upper, oak soles, full heel, Coodyeur welt (hand sewed process). Lacing extends to the toe, which assures perfect lit to tlij foot, free ac tlon, comfort to the toes and ball of foot, at tho same time holding Instep Und ankle firmly without binding. Ton Ktie and toe piece heavily padded to prevent lacing from cutting the foot. Supporting strap around the nnkle. Indies' shoe Just llko the dent's only two Inches higher. In Rlack or Tan price, $3.50 and $4.00. We carry a complete linu of Uarmy & Berry Skates. The Bee Hive Shoe Store 5th St. Phone 390 Calumet J Mining News ! ARIZONA-MICHIGAN. The Arizona-Michigan is continuing its development nt u steady gait. Al though tin formation at present of adamantine hardness, Superintendent N. A. NVNon says he Is satisfied with the progress being made. Though work Is progressing slow ly through the close grained dioVlte It Is showing a constantly Increasing mineralization that was not expected to occur at the present stage of the work. Tho 500-foot level of the Telfair shaft is In a heavily mineralized zone but tho extreme hardness of the ground shows It to be still aloof from the section that will carry the heavy ore values. The shaft naturally wu sunk at a spot distant from the vein, with tho desire of having firm rock material to preserve tho working channel of the future working!), but It Is doubtful that tho management expected to excavate the hardest rock ever worked In this district. Even in the present flint-like formation, how ever, the diorlto shows the effect of the fonts that have enriched the ad jacent vein The north crosscut from the ftoO level Is now about 210 feet long anl the drift In the opposite direction on the same level ! somewhat farther ad vanced. Roth are characterized by Iron pyrites In abundance, and the In creasing amount of this penumbra of ore encourages the company in its ex acting work against the "stiff" rK'k now being cut. It Is possible that the veteran min ers' assumption that gloss-like rock is always encountered a few feet ahea 1 of the ore body Is true, but Superin tendent Nelson Is not so snnguine, his directors having decided with him thiU they must go a certain estimated dis tance before the surface cropping can be cut at the necessary depth. (Jlobe Silver Belt. improvement. Lackawanna director says there is no truth In rumor they will purchase the Wabash. Marked strength In copper stocks In London and general market shows Im provement. Record prices for livestock reported In Chicago. November earnings of IT. S. ste'l expected to reach f 14.000,000. the larg est on record for that month, while tho net for the current quarter ,wlll be close to $12.00,0u0. REPORT ON SANTA ROSALIA. GAY & STURC1S C9S3IP. New York There was a rumor her on Wednesday ufternoon that the bank of England rate would be reduced oil Thursday. This caused some slight easing In the time money mnrk'i. However, this has not happened and I therefore expect to see money rates remain about as they have been. Reports In the morning papers here speak , of the tremendous excitement In London on account of the Eudgt debate In tho House of Inls. This may cause more or less selling of Am nicrlcan securities by London, al though prices from London have tomo over much higher this morning. Tho street ts waiting with eonslderabl" anxiety to know exactly what Presi dent Tftft's attitude toward the Sher man anti-trust law Is. Conferences are tstill continuing on the copper -con-(olidation and I believe It will be sometime yet before It Is consummat ed. In the meantime the public is over speculating In copper stocks and at present the movement In them Is getting, top-heavy which makes nie think that profits should be taken on the strong -days as wo will probably get another shake out. J. V. 1 Cay and Sturgls. . Summary Hank of England rate unchanged. American stocks In London strong substantially nbove parity. London settlement concludes today. Missouri Pacific promises Kansas state government to spend $730,000 on Improvements next year. House of lords debate, on Rrltlsh budget adjourned till Monday, but re jection still considered likely. Domestic demand for copper shows HEAT WITHOUT ft AME Luminous Radiator, Simple, Safe, Attractive. No Liquid, No Gas, No Odor, Ideal for the Bath room. Houghton County Electric Light Co. Calumet, North 104. Houghton, So. 399. Lake Linden 15 Second Vice President Henry Hill Confident of Property's Success. On this, my second visit to our prop erty, I was agreeably surprised ut th" thoroughness and extent of work so far accomplished, under adverse con ditions by our general manager Mr. It K. Clancy. The new wagon road from Canan'M to tho mine Is rapidly Hearing comple tion. It Is a very fine piece of en gineoring, having been built through a very mountainous region, requiring most careful and thorough survey, and in Its making, extensive excavations were necessary, so that when com Hlete. no grade will exceed 10 de grees. Excavations at the collar of tho now shaft are completed preparatory to the erection of new steel head-frame. hoisting engines, compressor and shops. The new shaft has been sunk from surface to a depth of !0 fc.-t nr.d upraise Is well under way. This work has been delayed because of in adequate hoisting facilities, the pres ent hoist being used to Its full capacity In handling the ore and waste rock In development work. Tho old shaft has been straightened and retimbered and new skip Install ed In pla"o of the bucket, and In tho mine, the levels have also been straightened and graded, tracks and tram-cars Installed, and In every way Is now in first-class condition for economical operations. On my former visit to the mine, I found the hUh grade shipping ore on the 2.10 foot level west about )2 Inches In thickness, and since then this same ore shoot has been developed on th" 2.0-foot and 300-foot and a.'.O-foot lev els west, on the 2.'0-foot level, the ore shoot has been opened up for a dis tance of SO feet with the ore shoot still showing In breast of drift going west. On the .ion-foot level, (which Is really a sub-level opened by a ralee from the 350), this same ore shoot was encountered and opened for a distance of 40 feet, the nverasro thickness being 2 feet with Indication of Increasing width and richness going west.. The ore shoot was again encountered an the 3.r.0-foot level by o drift driven In tho foot wall and striking the vein be yond the old workings. The ore shoot on this level measures 3 feet In thick ness nnd appears to be stronger and richer at this point than nt ony point nbove. Assays of this shipping ore have been made which show values of jsoo per ton an 1 upwards. This ore Is being Inlsted ns fast as same can bo tnken care of on the sorting tables. The first carload Is nearly ready for shipment and other shipment will follow as soon thereafter ns possible. In the prosecution of development Iff ( Absolutely Fare The only Baking Powder Made from Royal Grape Cream of Tartar Hence Finer, More Wholesome Food work, extensive bodies of milling ore have been opened up both east und west of tho old shaft. In conclusion will state that I am fully satisfied that we have a rich mine and a capable management, and I feel confident of a great success. Yours Very Truly, Henry Hill. 2nd vice president. PAINE. WEBBEtt & C0.-3 QOSSIP The National Hank of Commerce f New York will Increase its shipment of gold to l!iicns Ayres on tho next steamer by $250,000, making Its total engagement $500,000. The recent Standard Oil decision has already ha,d Its effect on the proposed consolidation in that certain plans which had been drawn up, and one which might possibly have been select ed for the merging of the various op erating companies, have been given up as untenable. This action was taken at the conference In the early part of the week, but aside from this nothing of Importance has developed during the past week. Most of the partici pants In the conference left New York Tuesday night to remain away over the holiday so that there will probably bo little progress made until next week. MINNEAR & CO.'S GOSSIP. Our prices are suitable to all our goods speak for themselves, we have often told you. They can't beat us on prices. We buy our goods In big quan. titles and pay cash, that's the reason we enn give you the benefit of the low prices. We still sell a full quart Sunny Rrook for $1.00 always at . , Ben BLUM'S Cor. Fifth and Pint Sts. The rock from the La Salle will ho sent to the mill as soon as the Ceii-tennlal-Allouez extra heads are ready. There are 20 to 30 thousand tons In the pit and this will be used to supple ment production from Tecumseh shaft No. 1. - r The Cliff lands of the Tamarack are generally supposed to hold good min eral values and the method proposed to pay off the floating debt of Tam arack Is well received. There Is good copper In OJibway it. tho 500-foot and at the 650-foot levels. It Is practically assured that Ro-ton-0onsolh'.ated will be absorbed by Utah Copper Co. on a basis of one share of latter for 2Vj shares of the former. This consolidation Is the out come of long negotiations. The phy sical relations of the tw o properties are such that a combination has always seemed a logical outcome of the situ i tion. For n long time, however, the owners of the Ronton Consolidated claimed they were entitled to share for share and their property was as val uable as that of the Utah Copper. Red Warrior This property Is de veloping some very fine ore bodies and our attention has been called to Its low selling price considering the cap italization. They have 150,000 shares Issued selling around $1.00. The new strike Is sensational. They have open ed a series of .caves, disclosing large bodies of high grade ore. They have raised to tho third level. The width and length are undetermined. This body of ore Is entirely a new one. and there Is no doubt in tho minds of the management but that the ore. will run clear to surface and that sloping ground wilTbe available nt once from the 400-level. They are shipping Mt the present five cars of ore monthly, which Is more than taking care of all the development work. We under stand these shipments will be Increas ed nt a very early date. It Is tipped for much higher prices and It certainly looks very promising. Tho property Is located in the Star Mining district Utah. It is stated a go d authority that thu merger program w lit be carried out with possibly home slight depart ure from tho original scheme. Hancock has penetrated the Tale hi the vertical shaft and the vein Is said to be very rich. The curb Issues showed moro ac tivity today than for some time. Cac tus, Chief, Live Oak and Santa Ro salia being In best demand. Santa Rosalia was especially strong and active on the report of Vice Presi dent 1 1 111 who recently returned from an Inspection of the property. BOSTON STOCKS. (raJnc. Webber & Co Amal 91 i ttl? Adventure. ; 5V& 6 Allouess 57 51) Arcadian 4 Mi 5 Atlantic IIV3 12 Ariz. Com 4G"-4 47 Uoston Cor 22 22 'i Roston Con. 21 22 C. & A .103 1015 C. & II C70 6S0 Centennial 31 3Ui Coalition 3S',i 40 Copper Range 83 Vi SI Daly West 8 8',y East Itutto 12"i 12Mi Franklin 16 Vi 17 C.I nix T 11 H'i CJranby 102 104 (Sreene Can 12 la 12 "St Hancock 21; 22 Helvetia. f. 7 Islo Royata, 2G 27 Keweenaw . . 3 3',i J.ako r.l 54 M La Sale 1 16' Mass 7 7'h Miami 17',a 17 Michigan 7 TVs Mohawk r,2 C.I Nov. Cons. 27"! 2S; NipNsIng , 10.i 1 North lmtte . ". G.V4 G .'' North I-iko 10 10 Ojibway ! fl'i Old Uenu f.3 f.4 Osceola 15 9 100 Parrot 31 3Ui Oulney R7 SS Shannon 1Cy lfi:.4 Sup. & Ros 15 16 Sup. &' Pitts 16 17 Sup. Copper 64 fi:,14 Tamarack Gr Utah Copper 63 63'i U. S. Mining 55 56 Utah Cons 47 47 Ij Victoria 3',i 4 Winona 816 8"; Wyandot 2 '4 2'i Wolverine 145 149 NEV YORK STOCKS. I STOCKS I Roston, Mass., Nov. 26 Higher Lon don prices for Amalgamated and An aconda brought plenty of new buying of the loeal coppers. For tho flrvt hour there was not much change In prices but for that time on the strength gradually Increased until to ward tl close, severol of the stocks were then showing new high records. Lake was the notable feature, selling up at 21 and closing at 54 bid.' Han cock was also very strong, selling nt 21 and closing nt the top. Ojibway was more active than It has been for some time, advancing a point snd a half to 9,4. The Amster stocks show ed good buying and especially Arizona Commercial. We look for continued speculation and strength In all cop pers until the proposed copper merger Is accomplished.- Paine, Webber & Co. Clay & Sturgls 3ays: Calumet. Mich.. Nov. 26. A better feclin prevailed today throughout the copper list. Lake Copper at 54 nnd Hancock at 21 were the special fea tures, with a firm and higher prices seen In all the better class of stocks. the f.d'.owtn Cay A Sturgls furnish Vew York Quotation: 111 Central , Amal ..... Anaconda , Locomotive Smelters Su.Tar Atchison R. & O .... H. R. T Colo. Fuel Erie .... Am. Car Fdry L. & N M. K & T Mo. Pacific N. Y. Central Cons. Oas Northern Pacific Pennsylvania Reading C. & O Rock Island Tennessee Copper St. Taul Southern Pacific Southern Railway Western Union U. S. Steel Canadian pacific Steel pfd Union Pacific UNLISTED STOCKS. J. A. Minnear &. Co. say today: The markets have been buoyant to day, nnd with practically no exception, higher. Ojibway, Santa Rosalia, Chief and South Lake were what might he called the features. However, the en tire list was very active. The indica tions are that Santa Rosalia will sell much higher In the next few weeks and we believe It Is an excellent purchase. There will be news forthcoming Inside of ten days that will cause It to ad vance. Hancock was again well bought. We understand the lode Is looking ex cellent. Keweenaw has not been doing much and shouIJ'W good for a couple Open Clone .117 117 . 007, 01 . r.o 5i , . 61 4 61'4 .ioom, 101 .124V6 124 4 . .119'.! 119'i .116 116'i . 77 79 , .. 4 a :) ,. 33i 33 . 72 72 .151 151 li . 481i 49 . 69 !4 70 '4 .128 129 .150 150 .ni m .131 13UX. .171 172 . 87 87 . 40 40 . 40 41 .155 156 .130 130 . 31 32 . 78 ... . 88 89 .177 17S .124 123 .202 203 of points. A. & M. is In good demand at these low figures us Is also S. &. O. We look for South Lake to give u bet ter account of Itself In the very near future." HomoBtako was weak as was also Lu Rose und Nlpissing. Huy Os ceola, South Lake, Santa Rosalia and Keweenaw. (J. A. Minnsar Arizona & Michigan .. Ahmcck I'.lack Mountain Rutte I'.alak Chemung Col. Cons Chief Cons Cumberland Ely Chlno Calumet Corbin Calumet & Montana . , Corbin Copper Cactus Davis Daly , Den n Arizona Ely Central Ooldlleld Cons , Oila Giroux ('lobe Cons , Homestake , Herminu ... Helvetia , Hancock Indiana Inspiration Keweenaw Kerr Lake Lake Copper L. S. & A Live Oak Miami Montana Clinton .. ... Nlpissing North Lake Oneco ojibway Ray Central Ray Cons Sierra Shattuok Santa Rosalia Superior & Globe Superior & ltoston Superior & Pittsburg . , So. Columbus Tonopah Warren Wolverine & Arizona ., Yuma New Keystone 6 Co.) ... .50 .. .220 ... .70 ... 9 1 1 s s .50 1 8 3 6 4 1 8 8 11 3 6 20 8 7 3' 7 53 1 10 17 .12 10 1 a 14 2 20 h 15 16 .08 6 .88 1 4 Asked .60 240 .80 10 15 1 1 9 9 .60 1 9 3 C'4 4 1 8 9 11 3 73 .50 6 21 8 7 7 54 O 10 17 10 10 1 10 5 23 3 .8!) 15 17 .10 3 .92 1 5 n LOEB FIRES TEN MORE. New York, Nov. 20. Ten more as sistant weighers were dropped by Col lector Loeb from the Customs service hero today. FUNERAL OF JAS. KNUCKEY. The funeral of the late James Knuc key will be held Monday afternoon ut 2 o'clock. Services will be conducted at the Calumet M. E. church, Rev. E. Sed week officiating. The funeral will be under the auspices of the Temple of Honor, of which the deceased was a member. WILL MEET ON SUNDAY. Knights of Golden Eagles to Hold an Important Session. The memberu of Garfield earth', No. 11, Knights of the Gulden Eagles, will hold an Important meeting Sunday morning, at which time the committee appointed to select a suitable side de gree for the lodge will make Its report This committee was empowered with authority to select u degree which will answer the purposes of a social degree in connection with the local society's work. Upon the end rsi mont of the degree by the lodge nomination and election of officers for the degree will be held. These officers will be ap'irt from tho regular officers of the lodge. The Ladies' Industrial society of the Calumet Congregational church will give a supper In the parlors of the church Tuesday evening, Nov. 30. An apron sale will also bo held. JUNIORS WILL ENTERTAIN. Rainbow Social and Entertainment at the Salvation Army Hall. The Junior members of the Salvation Army will give n rainbow social and entertainment tomorrow evening In the local Salvation Army hall, at which Major Morton, of Milwaukee, will be the guest of honor. An excellent pro gram has been prepared for the occa sion. It follows: Opening song The band. Alto solo Wilfred Trevlthlck. Solo Richard Llddlcoat. Duett I. and L. Wllktns. Solo W. Jeffery. Duett R. Llddlcoat and I Wllklns. Selection The hand. Song and chorus R, Llddlcoat and i ne marKet at a uiance Santa Rosalia feature of curb today. It will sell much, higher. Osceola best investment on the list. Buy It. All markets higher today J. A. MINNHAR & CO., Brokers CALUMET, MICH. LAURIUM, MICH. PRIVATE TELEPHONE EXCHANGE Gay & Sturgss 50 Congress St., Boston, Mass. Members -of The Boston Stock Exchange DEALERS IN m Bonds and Stocks, Listed and Unlisted Our faclltles for handling your stock business Is unsurpassed Direct private wire to Moston, Duluth and Houghton. Also direct connection with Ilornblower & Weeks, Members of the New V ork Stock Exchange, with offices at Chicago and Detroit, P. W. GRIERSON, Mgr. OFFICE 108 FIFTH ST. PHONES 830 AND 840 (li 0 A. TENNYSON PRYOR WARD B. SMITH Phones 318 and 819 South & SMITH BROKERS 37 Isle Roy ale St., Houghton, Mich. Direct Private wires to Eoston and New York Stock Exchanges. YM. DUFFXHY, Manager CURB MINING ISSUES A SPECIALTY. Reliable Information from Competent Mining Engineers and Corre. pondents in the Various Mining Camps at the Disposal of Our Clients. children. Cornet polo Rubv England. Alto solo Kmber Williams. Major Morton will give 11 short nl drcsH at the conclusion of the instru mental nnd vocal program. During the evening refreshments will be served. IN THE CIRCUIT COURT. In the' circuit court thi. inorniir; the Koslvila-Stelribaeh civil suit was non-milted. No pc.-sh.n "of court was held this afternoon and in conseuiin" nothing ha yet turn done with t'.i" reiient of two (irand Rapid attor ney that they be provided with a copy of the testimony In the Hamilton case to be used In nn application for a new trial. The (lertrude Phillip case, an appeal from the probate cou.t Chicago nnd return, $H.S.", via Chi cago, Milwaukee & St. Paul Ry. In ternational Live Stoek Exposition. Tickets Hld Nov. 20. 2, 20 und "', Dec. 1. 5, f.. Return limit Dee. 13th. 9-14 II. E. STEWART. NOTICE OF DIVIDEND Calumet and Arizona Mining Company has dc dared a dividend of One Dollar a share, payable December 20th I909 to stock'holdcrs of record December 3rd, 1909 Trans fcr books close at close of business Dc ccmbcr3rd, 1909 andrc open December 13 th, I909,at ID o'clock 71. M. P AVE YOU the Liquor Disease or the Drug or Tobacco Habits? U so, co to the 1AYLOR, INSTITUTE, Iron River Wisconsin, and Ret permanently cured. will come up on Monday. This prob ably will be the last jury trial for th.is ti rm of court. The de itli occurr. d this morning : t the Mohaw, of Hilda Parkinen, uged Pi years, after a lingering illncsy. Tu bcrcuhods was the tause. The funeral will take plaeo tomorrow afternoon, with services at tho Mohawk Finnish church. EVERY DROP : of our P.eer passe s under the eye of a scientific brewer. Ills skill has made the heingold! Reer the most satisfactory on the market. GORDON!. CRMPIWLL Secretary. Scheuermann Brewery.