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TIlUC'DAY, FEBRUARY 10, 1910.
THE CALUMET NEWS. Through ihc "Window of the Sole" ' u VK You Can SEE The Real Oak Leather In REGAL The new drift recently driven from tho main one ut u point 330 feet eust of tho Bliaft la fifty feet loiur. This drift runs north. The face of the drift car ries chaleoclte that tflvea promise of un ore body being developed. There's a little circular slip of pspcr pasted on the eolc of everv Retra! Shoe. : liy lilling up Uus Window of the Sole you can see the white, Live-Oak-tanncd leather underneath the finest sole leather in the world. The cheap, red. Hemlock- tanned leather in other shoes is blackened over to hide its tell-talc color. Hemlock leather i. brittle and stiff, but Recal Live-Oak-tanned leather is flexible and wears like iron. If you want honest sole leather if vou want shoes that will last set Re Shoes at our exclusive KegaJ agency. $350 $400 and $500 BEE HIVE SHOE STORE CALUMET 7 .A Smntt Kcgal AJoJtl Mining N ews SHRINKAGE IN COPPER SHARES The growing belief that the worst is ever marketwlac makes of interest u look backward over what has hap pened in the market for Huston's spe cialties and see to what extent mil lions of dollars have been taken away from the stoek market selling value of representative copper shares. From the high point of 1909 the market value of thirty-live copper properties has suffered a loss of $202,725,000. And yet there has been no sudden or drastic reduction in the price of copper; the statistical position of the metal has suffered no reverses since the high prices herewith recorded were made; the earnings of copper mines are Just as large; there have been no divi dend reductions, and yet the fact stands that $200,000,000 have been wiped off tho gelling prices of these shares. A realization of this situation has resulted in a much more cheerful view of the outlook than has been ap parent for many weeks, confidence Is being regained and much better prices ore predicted within the next sixty days. The table which follows la Im pressive. Tho Amalgamated and the Cole-Ryan stocks have led tho decline as witness the following: Stock market loss ...$31,232,800 12.S00.00O .... 15.261.S92 . ... 23,900,000 ... 10,848,219 Amalgamated '. Calumet and Arizona . Cireene Cananea ... . North Huttc . Superior and Pittsburg Total ... r $93,842,499 The above shrlnkago of $93,842,499 represents almost one half of the to tal. The table herewith explains it self: 1909 Total Stock: high depreciation . Allouejs ... . , Amalgamated Anaconda . Ariz. X'oni. ... Atlantic1' .. . Host. u Cons. , Hntte Coal Cal. and Ariz Calumet and llccla Centennial '. . ' Copper Range . Franklin (Irani. v Cons. . . . Greene Cananea Isle Knynlo .... Ia Salle ... . Ink" .Miami Mohawk Michigan ... . Nevada Cons . . 62 9C', 54 51 19 23,3 33 130 700 UV2 .." 86 ... ...UoU ... 14' ....33Vi ... 19V ... 74 ... 28' ... 73 .. 15V4 30 Korth Lake n 'rth liiitte . (,ll Dominion Osceola ... I'arrot ... (Jllillfy Shannon ... Superior and IMtts, Tamarack C. S. Smelt.; com.., ''. S. Smelt., pfd. .. Hah Consolidated . t'tah Copper Wolverino $ 1.809,709 31,232,388 3.037,500 1.200.850 1.0C2.5O0 2,937,500 9,750.000 12,800.000 8.500,000 1.845,000 4.612.020 130.843 2,767.500 15,261.892 'VJ, 875,000 249,780 $7.937 3.382,296 uoo.oftn 850,000 18,596,931 212,500 Tot Ml .. 89 .. 60V ..170 .. 36 M ..100 .. 1914 20 .. 90 .. 59 .. 54 .. 50 .. 66 ..158 " 1 veloped. tunnel from Keystone Gulch, near ly 2,000 feet southwest of the main ore body, la being driven, however, to fur nlsh a cheap means of extracting the ore. The extraction tunnel will be con tinued from its present length to the ore body extending a few hundred feet southwest of the Joe Bush shaft, and from this point the ore will be mined northward and westward to tho Scor plon shaft and southward to tho wost- crn limit of the ore body which la over 2.000 feet southeast of the latter shaft, The drills are still at work In the block of ground south of this and west of tiic Joe Hush shaft, and as the ore developed by the drills and under ground workings appears to form a huge block it is likely that the entire body will be mined by the "glory hole method similar to that employed at the Mammoth copper mine in northern California and at other mines having similar deposits to this one. As thu overburden is too great to be stoped from the ore, tho ore can be more cheaply mined by stuping and carrying from the upper portion-of the deposit to the level of the extraction tunnel the overburden being supported by timbering, while the ore lying imme diately underneath is being extracted and lowered through winzes to the tunnel where the ore cars are loaded from chutes. While this system re quires many timbers the great saving in labor makes the cost of production low and the rate of extraction rapid The hard granite-porphyry In whlc the tunnel work Is being done makes the advance slow, but ns good headway la being made as can be expected by means of hand drilling and in a short time tho large compressor will be in use at this tunnel and tho work will be thus greatly facilitated. The con crete foundation for this compressor Is nlready set and the 100-power boll ers, two in number, will also be In stalled within the next week or so, as the building and foundations for these have been practically finished. With a force of 160 men employed, the work of installing the machinery and nd vanclng tho underground development work Is being rushed. A new 60-horse power hoist Is being. Installed at the Joe Hush shaft, and with this In com mission, sinking may be resumed to greater depth. Living accommoda lions at the Inspiration camp are be Ing expanded to afford shelter and board for the increased working force and this work will be continued until the difficulty In finding suitable ac I commodatlons for employes Is wholly eliminated. The camp has already as swiped an appearance similar to that of 4he other foremost mines of Globe 'district, nnd should eventually com favorably in tins resprci wun 23.900,000 5,718.277 ! pare 2.403.750 - any of these. Globe Silver Delt. 3,779.987 I 852,500 . 1.612.500 I 10.648.219 1.560.000 j CORDOVA. The churn drill Working on the west SUPERIOR & GLOBE. The installation of a 60-horacpowcr tsollne hoist at tho'Superlor & Globe shaft la nearly completed und will be ready for use within the next week. A kip will be operuted in tho shaft and the rock to bo hoisted will bo louded Into cars and hoisted to tho surface on tho skip. The crosscuts on tho C50- foot level are now over 100 feet long and still In diabase. Only a small amount of water is present In tho workinga and the Information la solid and hard. The work la being done by contract, one Sargent air drill be ing employed in each crosscut. If the Yuma vein jhows up satisfactorily at thia level, where the north crosscut will Intersect It about 200 feet from the shaft, sinking will probably be re sumed soon afterward to a muc'i greater depth. Tho new hoist Is cap able of operating the skip to a dept i of at least 1,000 feet so that In case of deeper sinking of the shaft, the hoist will In all probability be used In the future operations, unless It la desired to employ two skip., In which case a new hoist will be necessary. The novth crosscut will eventually explore two veins having the same general strike as tho Yuma and passing through this property and that of the Globe Mining company. From surface indications, these should prove of lm portance to these two companies. The Superior & Globe Copper company em ploys about twenty-live men. Globe Silver Holt. Michigan 14 7 Mohawk ..... . 'J . 63 tj?4 Nevada Con.. .-...' ... ... 'it 22 U N'lplssing 9Ti' 10 North Kutto 35 z:V North Lake 20 20 OJlbway 9j 10 Vi Old Dom 43 Vi 4J Osceola 150UM Parrot ..; 20 K 21 Qulncy 81 S- Ray Con 21 Vi 22 Shannon 14 ! Sup. & lioston 14Vi 1" Sup. & Pitts 13i M Sup. Copper 54 55 Tamarack 73 7o Utah Con 371, 3SVi Victoria '4 W'nona 3?i JOVi Wyandot - K- - Wolverine 13i 141 NEW YORK. STOCKS. Gay & Eturgls tarnish the fallow Int New York iuoUt!oni; . Open Clow STOCKS lioston, Mass., Feb. 10. The whole list continued to act well today, bev eral times during the session the bears tried to break prices but thcliquidatlon seems to have been complete and steady accumulation Is going on all through the list. Tho close was at practically the best prices of the lny and showed a stronger undertone than ivp havo had for several weeks. In the local market North Lake and In dlana were the strongest features Arizona-Commercial was active and strong selling over 41. We hear that North Butte is being well bought by people who sold the Btoek 20 points hiirhnr hut nt the present time the market In the stock Is quiet and dull The copper producers' report seems to be discounted for the time being but one or two more such heavy reductions in the surplus will surely cause sharp advance In the price of the met al. Foster, of Paine, Webber & Co, . BOSTON STOCKS, (ralne, Webber A roi New York Central 118 Northern Pacific 136 V Pennsylvania 132 Reading 160 Rock Island 45 St. Paul m. Smelters 80 Vi Southern Pacific 124 Southern Railway 27 Sugar ...122V4 Steel pfd 119 'nnessee Copper 32 Union Pacific 182 U. S. Steel 78 A mal 74 Am. Car Fdry Anaconda .... 49Vi Atchison 1H Mi 15. & O HI R. T. .., 71 Can. Taclflc 180 C. & 0 81 Cons. Gas .- -43 "do. Fuel . 36 Erlo 28 L. & N. 15 Vi Locomotive ,.t 48 Mo. Pacific C9V M. K. & T 41' 118Vi 186 132 160 46 143 80 123 27a 122 119 32Vi 182 Vi 78 75 59 49 114 Vi 111 71 179 81 143 36 27 147 48 C9 41 P.utte Italak Chemung 10 Chief Cons 2 Col. Cons 85 Cordovia 3 CorU-z 2 Chino 12 Vi Culumet & Corbin 70 Calumet & Montana 1 Corbin Copper 10 Cactus 4 Davis Daly 3 Vi Denn Arizona Ely Central 1 Goldileld Cons 7 Gila 7 Glroux 9 Homestakc 85 lleiminu 40 Hancock 27 Indiana 37 Inspiration 8 Keweenaw 4 Kerr Lake 8 Keating 1 La Rose 4 Lake Copper 80 L. 8. & A 1 Montana Clinton 40 New Keystone 5 Rohcmian 15 New Ilaltic 12 Vi Nipissing 9 North Lake 20 OJlbway 9 Oneco 6 Ray Cons 21 Ray Central ... 3 Sierra 4 Shattuck 19 Santa Rosalia Superior & Globe 1 Superior & Boston 14 Superior & Pittsburg .... 13 Couth Columbus 10 South Lake 10 Tonopah 6 Warrior 11 Wolverine & Arizona Yuma 1 UNLISTED STOCKS. A mal 74 Adventure 8 Arcadian 7 Allouez 43 Atlantic; At!z. Com i 40 itostoi Cor 18 Boston Con 18 C. & II G31 C. & A 71 Centennial 22 Coalition 24 Ccp. Range 77 Vi L'aly West 8 Kast Butte 10 Franklin 20 Giroux 9 Granby 90 G-eene Can 9 Hancock 26 Helvetia 4 Ii dlana 37 Islo Royale 22 Kerr Lake .'. 8 Keweenaw 4 s Lake 80 La Salle 15 Mass 7 Miami 23 74v 9 S 45 9 41 19 19 r4 21 7S 8!i l' 2t 10 f'l 9 27 5 3S 22 !l 5 S0 15 7 5,353,902 ! end of the F.urcka grup of claims be i, J. 1, I u. 4.499.700 14.688,000 1.140.000 $202,725,193 INSPIRATION. Th. development work at the Inspir ation Copper com pa ut's property is ,rt 'ig carried on In theusua energetic Manner and the preparations for the iToouction of ore are much In evl jlnr nt various points. Over seven un.lnd f0,t f underground work is ' In dori each month In drifts, raises tunnels nd a lar part of this I '"'klnr out th ore body alrendy de- 'O.NIGTIT 10 longing to the CordovA Copper com pany and near the Jennl shaft which Is put down on the line between th Jennie and Osceola claims, knout 10) feet from the line of the Inspiration Copper company's property. hak sunk to a depth of 208 Teet and Is stHl n granite-porphyry carrying chaleoclte in commercial quantities, says the Globe Silver B It. Sulphides were first encountered In this drill hole at a depth of 40 feet and from the 120-fot point down the ore has been of com mercial grade. The drilling which has thus Ikhh Initiated on the wfst end of the Cordova property will be contin ued Indefinitely to thoroughly prospe.-t the Eureko group of claims In 20-fo t Uii.ire. From the scene of present drll'ln operations, the work of pro pectlon will advance toward the east- .!,.... ,.f c.io nrooerty. and nhoiild eventually dvebp ore tonnag-s aspiring the future of th Cordova , Copper company. 1 At the Pulllvan shaft on the runt end of the 1-Mrek.i uroup. drifting " 'b'rg rontlntied on the 4TS-fot It. 1. YOUNG MEN WANTED. Government Pays Railway Mail Clerks $800 to $1,400 Year. Free Scholarships Are Offered. Undo Sam holds examinations for railway mall clerk, postofllce cle'c or carrier, custom house and department al clerks. Prepare at once for the coming examinations. The job Is for life; hours arc short, salary twice monthly and vacation. To any young man who has energy enough to answer, this Is the oppor tunity of a lifetime. Thousands of appointments are to bo made. Common school education la all you need; city and country pooplo have equal chance. Start to prepare nnVv free Information. Free scholar bhlps this month. Write Immediately to Central Schools, Dcjt. 655, Roches ter. N. Y. David Armit gent for the HOUGHTON COUNTY LOAN INVESTMENT ASSOCIATION of HouQhton, Michigan. STOCK NOW FOR SALE. LIFE, FIRE, ACCIDENT AND PLATE GLASS INSURANCE. REAL ESTATE. One comer lot at corner Lake Linden eve. and Heda street. Laurium. Good for business place. Office RicHetta Block, Hecla St, Lawrium. Phtne 266. J. A. Minnenr & Co. say today: The Lake group of stocks again fea tured today's trading. Lake crossed $80, North Lake sold above $20, Indi ana hugged the $37 mark, and the latest flotation, Bohemia, advanced to $16 and was offered at that price at the close.. The buying came frmn the same source in all of these Issues and in each the stock Is' so closely held that even further advances .would not be at all Improbable. Reports of fa vorable developments at. North Lake caused the, buying In this Issue. South La kteraded as, high as, $14. The Bos ton market was Inclined to show Its greaeest strength in the morning trad ing. Tamarack was a feature .selling above $76 on rather light buying. The New York list opened strong but weak ened towarfl noon." The"Wlnouncement of the reduction, of 48..OO,0O0 In the copper surplus caused fair buying of copper steaks, on the curb with the exception t the lake isEtics above mentioned, ihere were fcjfr , Important changes. Good buying continues to bo noted In Superior A Globe, while Su perior & Boston was wanted In Rood sized blocks at $14. Santa Rosalia was under some pressure and was of fered at' 2 nt the close. There was 10 13 2 .95 3 3 12 .75 1 .12 5 3 4 1 7 8 10 90 .50 27 37 8 5 9 o 4 81 .45 5 16 13 10 20 Vi 9 7 3 4 1!) 2 1 14 14 .13 10 6 12 .75 1 LOCA. BREVITIES. Established 18SO 15 Paine, Webheir & . Members Hew York Stock Exchange lioston Stock lZxchtnc " New York Cotton llxchanc " Chicago Board of Trade " Duluti Stock Uxchawic CUIUS STOCKS GIVHX SPIZCI71L. 71TTRNTIOX PRIV71TIZ Winn TO TILL MTlNICliTS Galumct OWccPainc Webber Building M. J. O'BRIEN, Res. Mr. Telephones 60, 89 and 139. iTfagrraanaa The Market at a Glance EASTERN MARKETS HIGHER TODAY. COPPER SHARES SOLD FOR HIGHEST PRICES AT OPENING. COPPER SURPLUS REDUCED 43,000 000 LBS. IN JANUARY. 30HEMIA, INDIANA AND SUPERIOR & GLODE CURB FEATURES. J. A. MINNi-AR & CO., Brokers CALUMET, MICH. LAURIUM, MICH. PRIVATE TELEPHONE EXCHANGE Fred Smith of Wolverine, accom panied by his wife, left this week for Hot Springs where they will spend the remainder of the winter. The members of the French Natur alization club of Calumet have been invited to afllllate with the Calumet political club. C. W. Ryckman of Calumet, has left for Ubly, Mich., where he was called by the illness of his father who la suf fering from a stroke of paralysis. Fred Nelson, of Copper Harbor, re turned yesterday to his home after spending a few days In Calumet. George Boncettl has left for Napres. Italy, where he will spend the remain der of the winter. Tho Y. M. C. A. Indoor ball team will go to Hancock this evening to play tho Hancock Elks' team. A number of local fan will accompany the team. Tho second meeting of tho first nld to the injured class will meet this eve ning in the Y. M. C. A. for practical work. Dr. J. R. MacKinnon will be in charge. Copies of the new telephone direc tory are being delivered to subscribers of the Michigan State Telephone com pany In this district. A case of smallpox has been discov ered at tho Ahmeek location. The house has been placed under quaran tine, and every precaution taken to prevent the spread of the disease. R. D. Milne of the Grnnd Family theater left yesterday afternoon for Chicago, Detroit, Toronto and New Turk on a two weeks' vacation trip. W. T. Schmidt of Detroit, an officer of the Cable Piano company, Is a Cal- i i tn t cs B. A nt some icuiifmi imjr...,, i - . . - i . ho.iness visitor. A the markets will no - Z today. AS wie iiiuirvio , , i .. Ill rtrolmhtv not I I'liiseu diiiuiuci), , experience any great activity until af ter the holiday period. (J. A. Minnear A .Ce.) Uld Aske' Arizona & Michigan 70 .80 Ahmeek 200 210 Men Are as Help less as Children WHEN TAKEN SUDDENLY ILL HERE IS A COMMON-SENSE. SAFEGUARD. Big. strong man Is as a helpless In fant when he Is suddenly 111. The sturdiest chap In town usually loses his self-control, nnd Is utterly unable to regard his condition with the com mon sense that characterizes his ev eryday actions. For example: He comes home tir ed, eats a heavy dinner, and sits down to rend and smoko away a qulot even ing. Suddenly he notices a weight on his stomach; then sharp pains around his heart, and a feeling of suffocation. Thoughts of "heart dlscasa" rush over him. and in his ngony he 'fears . the. worst. ' His trouble "was acute Indigestion brought on by overloading Ids tired stomach. , A couplo of Dyspepsia,' Tablets would have given him Instant relief would have saved him 'hours of suffering. Carry a package of Rexall Dyspep sia Tablets in your vest pocket, or keep them In your room. Take one after each heavy meal and Indigestion will not bother you. Rexall Dyspepsia, Tablets remedy stomach troubles by supplying tho one element, the absence of which In the gastric juices causes Indigestion and dyspepsia. They j Id the stomach to digest food and to quickly convert It Into rich red blood and material necessary for overcoming natural body waste. We know what Rexall Dyspepsia Tablets are and what they will do. We guarantee them to relieve lndl genlon and ilyspo4fty. Jf they f,iil will refund your" money. Three !.: 25 cents. 50 cents and $1 00. Re mrmlifr you can obtain Rexall Reme dies In Calumet only at our store The Rexall Store. Vasthlnder and Head. Contractor Edward Ulseth Is able to bo out again after a week's Illness. Tho funeral of the late Joseph Teddy will be held Sunday afternoon, leaving the house at Centennial Heights at 2 o'clock, with services at tho Salvation Army hall at 2:30 o'clock. Tho dece dent was a member of tho Army, hav ing professed conversion Just one week before he was killed. ' There wjll be a "half nlghfof prayer In the local Salvation .Army hall on Saturday night. This service will be universal throughout the country In Salvation Army circles. It will last until midnight. Mrs. Albeit Ruttenberg left this af ternoon for Chicago nnd Mt. Clemens. She will take treatment nt the baths at the latter place. Mr. and Mrs. Norman MacDonald nnd Miss F.ffle King. left yesterday af ternoon for Chicago. From there they will proceed to New Orleans, later go ing to San Antonio, New Mexico, nnd returning homo by way of Ios Ang les and other coast cities. They will be nbsent from Calumet about two months. Herman Haas and wife left yester day afternoon for Hot Springs, Ark., where they will spend n month. Harry Corgan, who has been visiting here for the past two weeks, left for his home in Duluth last night. Fred K. Guck left yesterday nfter noon for Chicago to attend the auto show. James D. Godfrey, resident member of the firm of E. R. Godfrey Sons & Co. left for Chicago yesterday afternoon. AUSTRIANS TO ORGANIZE. Ahmeek Residents Will Have Club fo.a Mutual Benefit. A meeting of the Austrian resident of Ahmeek will be Ivid on Fe'ruarJ 20 for the purp se of forming a cltiH which has been much discussed dur ing the past few weeks. Tho new or ganization will be modelled after th South Range Austrian club and o!hVen will b elected at the meeting. Feb. 20 to be held In lash's hall. A constitu tion and by-laws will also be adopted The primary object of the organiza tion l to provide the members with Insurance. Women as well as men will Im eligible for membership and It 14 SPECIAL Remember the big reduction we are giving on all winter wearing apt.ire! In our Clonk nnd Fur d.-parti'icMt Vertln Bros. tl Gay & Sturais 101 Milk St., Boston. Mass. Members of The Boston Stock Exchange DEALERS IN Bonds and Stocks, Listed and Unlisted Our facilities for handling your stock business is unsurpassed. Direct private wire to Boston, Duluth and Houghton. Also direct connection with IlornbJjwer & Weeks, members t the New York 'Stock Exchange, with olllces at Chicago and Detroit. P. W. GRIERSON, Mgr. OFFICE 108 FIFTH ST. PHONES 8HO AND 840 i SHE ISUE1 A. TENNYSON PRYOR WARD B. SMITH Phones 818 and 819 South PRYOR & SMITH BROKERS 37 Isle Royale St., Houghton, Mich. Direct Private wires to Boston and New York Stock Exchanges. WM. DUFFNEY, Manager CURB MINING ISSUES A SPECIALTY Reliable Information from Competent Mining Engineers and Corres pondents in the Various Mining Camps at the Disposal of Our Clients. see: hoped by the projectors that Mohawk Austrian will Hlliliate. So far. 163 names have been secured on the peti tion circulated, and that many mem bers are asfured. CAKK SALK. Saturday, February 12th a cake sale will be held In the Christ church, Kplscopal parish rooms from two to five o'clock. 80 spnciAi Remember the bijr reduction we ore giving on all winter wearing apparel In our Clonk and Fur department. Vertln p.ros. 81 NOTICH. The annual meeting of the C.ila Ari zona Development Co. will be held in tho directors' room of the First Na tional Rank. Calumet. Mich., Feb. IS. 1910. from 10 o'clock to 11 o'clock a.m. for the purpose of electing directors and such other business as may come before the meeting. 7S CI LA ARIZONA DF.V. CO., M. A. Thometx, Sec. $22.00 per month rents a modern 5-room flat. Steam heat, bath and gaa. Red Jacket. FAUCETT BROS, el GUCK. Merchants, Have You Tried the Tungsten Lamp? By reatcn of the metal filament in this tamp, two and half timet at much light it generated a by the ordinary carbon incandeecents. KOUSHTOM CO. ELECTRIC LIGHT CO. Calumet. North 104 Houghton, So. 100. Lake Linden15 Superior Trust Company Hancock, Mich. Capital $1 50,000 Thle company la under the upertislon of the state bank ing department and Is author lied by law to act as executor, ' administrator, guardian, a tljnee, receiver or trutte. A. Wright, Preaidcnt, Jacob Baer, Tros3wierk M. C. GetcSell. See "ct'tey. PROMPT ' DELIVERY Give ua an order for the delivery of a case. Many beers have many good qualities, few shortcomings. Our beer is a fme beer any way you take it, as hundreds of its satisfied users will tell you. You can order it delivered at your door. Mail and telephone orders receive prompt attention. Phone 274. News want ads brin results.