Newspaper Page Text
WCCNESDAY, FEBRUARY 18, 1910.
THE CALUMET NEWS. j : : i " " They Appeal to Particular 0 WOMEN ; RECAUSE they combine light weight und durability. ' BECAUSE they look small a,nd fit large RECAUSE every heel la adapted In height to the last upon which It la built, giving a perfect poise to the body. BECAUSE they wear longest. This Cut Shows a Glace Kid Blucher Boot, Chic Model, price $3.50 PRICES $3.50 and $4.00 The Bee Hive Shoe Store 1 FIFTH STREET. PHONE 390 CALUMET. Mining News t.-t-L-Ul CALUMET-CORBIN. Supt. W. C. Hosking Enthusiastic Over the Property's Showing. "The complexion of the Calumet ('(irliin company has undergone a rad ical change during the past few days." said Superintendent W. C. llosklng today. "Until recently the chief stock holders were Michigan capitalists. The company Is now controlled by prom inent St. Paul and Duluth people who will prosecute n, vigorous development campaign." Mr. Hosking la In Rutte with Dr. S. O. Arnold, one of the heavy St. Paul stockholders who came west with the superintendent to look over the com pany's plant. These two have been In the Radersburg district the past few days, the company having under con sideration the purchase of valuable mining claims In that neck of the woods. They were well pleased with what they saw and on the strength of the report they will make to the board of directors It Is predicted that the Calumet-Corbin will become n prom inent factor In the fast developing Radersburg belt. "The Radersburg property we have in view looks very promising," said Dr. Arnold, "and I believe some day, should it be decided to acquire It, that we will have another good mine there In the not distant future." While Mr. Hosking did not desig nate which of the Radersburg mines was under consideration, he said that it Is now In the hands of locators hav ing been developed only Insofar that a 40-foot shaft has been sunk. He was very enthusiastic over the recent strike In the Calumet-Corbin mine In the WIekes district. lie said: "We have a fine big body of silver- lead ore there opened last week In the bottom of the 300-foot shaft and It Is now decided to go on sinking at once to the 400 level. For that purpose a new engine, boilers and compressor plant will be Installed as quickly as It can be shipped In." Mr. Hosking nnd Dr. Arnold will go east to St. Taul tonight." The former la well-known In Hutte, having long been connected with the Boston & Montana company. Hutte Inter-Moun-taln. MR. CAMPBELL INTERVIEWED. DOUGLAS IS OPTIMISTIC. Head of Copper Queen Says Improve ment in Metal Market is Due. "There Is every reason to believe that we Rhall gradually see an lm provement In the price of copper met il up to a certain point." The above was the expression of opinion by Dr. James Douglas, presl lent of the Copper Queen Consolidat ed Mining company, who arrived In liisboe on Wednesday direct from the :t!.t. ways the nisbee Review. , "You mnytsay that the Indications nre (hat we phall soon see a better coppor market." The nbove statement by Dr. Doug las, who Is In a position to know th" condition of the copper market, will ' good news for the copper mining Interests of the southwest. "The present price of copper should not cause much complaint," continued Hr. Douglas. "I remember not so long ntro when we all thought 13 cents 'and 14 cents a very good price. Of course, that was before the boom prices which was a bad thing In general. What is to be most desired In the copper In dustry Is a fair price for the product which can be maintained; a price that would be alike fair to the producer, the manufacturer and the consumer." "How Is the copper merger coming along?" was a question asked by the Review man. "Personally, I ntn not familiar with the merger plans," said the president of the Copper Queen company. "The fining companies controlled by the Phelps. Dodge company have never considered the merger proposition 'ith a view of entering Into the wame. I have gained most of my Information regarding the plans of , the men who Propose to form the merger from ofwspnper reports. In many ways a merger would be of advantage to the eoppPr Industry, provided the Interests In control did not attempt to prolt too much by the strength of their position. I suppose some merger prop osltion will eventually be evolved that will accomplish the desired result w thout Inviting congressional Inter ferenee." C. S. A. Secretary Believes Coooer Merger Has Vanished in Thin Air. Gordon R. Campbell and Thomas Hoatson of Calumet, Mich., and W P. Harlow of Houlder, Colo., arrived last evening from the east coming by the way of Clifton, Ariz., where they spent two days sight-seeing In that district, says the Rlsbee Review. Mr, Campln ll is the secretary of the Calu met & Arizona, Mr. Hoatson Is the second vice president and Mr. Hllrlow Is one of the stockholders. The party expects to remain here and In this vicinity for the next three weeks. They were met at the Copper Queen hotel last evening by Col. I W. Powell, third vice president and mat ters pertaining to C. & A. affairs were discussed. A Review reporter saw Mr. Camp bell at the Copper Queen hotel shortly after his arrival nnd asked him about conditions In the east. "What caused the decline In the price of C. & A. stock?" was the first question asked. b;; the reporter. "What caused the decline In nil stocks?" was the question handed the reporter In the shape of an answer, "Rut C,,& A. bgan to decline first," replied the reporter. "That may be so, but the remainder of the list was not far behind,"" was the rejoinder. "What caused the slump in stocks In 1907," was a question the report-r was asked. He ventured the opinion that all stocks were Inflated andit was necessary that the country go through a leveling process, "Yes, and the powers that be are still leveling," observed Mr. Campbell. "I expect io see prices In speculative issues go low er until the men behind the guns have made their millions." How about the big copper merger about which we all read so much sev eral weekd ago?" "My opinion Is that the merger has vanished In thin air," said the Calu met & Arizona secretary. "There Is a sentiment In this country against mer gers of any kind Just nt present." Mr. Campbell stated that outside of the speculative markets business !n general throughout the east was good among merchants nnd retail dealers but there was a feeling of timidity in railroad circles, nnd that contracts for new equipment and improvements were being cancelled. lioit time. Qulmy declared u dividend tr $1.50,J an Increase of 50 cents over last quar terly distribution.. News of the proposed flotation of the North Indiana, by local people, was given out In Ronton today. The prop t rty Is located between Copper Range and Rohemla and contains 1,100 acres. The curbs were quiet and fluctua tions within a narrow range. Rohemla was well taken arouni $15.00. fi TwnnTOXH Santa Rosalia sold below $2.00 on little doing. Superior & Globe sold at 1 on small trading. - Shall probobly see better prices on coppers for the next few days. Roston, Feb. 16. The general tone of the market Improved today and so did prices. After a very dull forenoon prices hardened and closed very strong. The street Is much more optimistic than for some weeks. It is reasonable to fxpect better prices tomorrow. I. J. Sturgls. New York, Feb. 16. There was prac tlcally no news of Importance last night and very little gossip of any sort. Most people here Interested In the stock market seem to think that It would be a trading affair. It has been evident during the past two days that there was a good deal of long stock for sale on the rallies. Reports from general business are not very encour aging. Money market conditions should work somewhat easier. I continue to look for considerable Irregularity but believe the worst or parrot the break Is over. I would, however, be content with small profits and carry an unusually small line of stocks as I think we nre In a time when sharp breaks are apt to occur and the man who Is In a posi tion to take advantage of these Is the man who Is going to make money. J. W, Prentiss. Roston, Feb. 16. Private advices re ceived here from well Informed Salt Lake sources state that there has been no change In conditions at the Utah Consolidated property and that In fact recent developments have been unusu ally favorable. Regular shipments are being made nnd from nil Indications earnings should show no decline. Fi nancial News. Qulncy declared a $1.50 dividend, payable March 21 to stock of record February 26, books close February 26, re-open March 7. Rutte, Feb. 16. Nearly all the engi neers went out on strike this morning and the mines will have to close. It is ditricult nt this time to tell the out come of the strike. The Miners' Union claims that It will be able to furnish men to take the placed of engineers who refuse to return. It it thought that many strikers will go over to tho union In a short time. Financial News. Rutte, Feb. 16. All the Anaconda mines nre In operation but one. All the Clark mines nre closed. It Is expected that the strike will bo a short one nnd that all foreigners will return to work. Gay. Absolutely Pure f Boyd z Baiting Povdcr vf.:4 6r Jj improves tho flavor CS4zA 5s-ZS otiho food w Vj M QAEXGlIS M Established 1880 Paine, Webber g?o. Members A'cw York Stock Exchange " Boston Stock Exchange New York Cotton Exchange Chicago Board or Trade Duluth Stock Exchange CURB STOCKS GIVEN SPECI71L 71TTESTION PRIV71TE WIRE TO TILL MARKETS Calumet OfficePainc Webber Building M. J. O'BRIEN, lies. Mgr. Tclcphoncs60, 89 and 139. Mohawk 64 Vi Nevnda Cons. .... 23 Nlplsslng 10 North Rutte ... 34 North Lake ...... 18 Ojibway ..... .a 9Vj Old Dominion ........... 43 Va Osceola 151 .1 Qulncy Ray Con. 21 Shannon 15V4 Superior & Roston 13V& Superior & Pittsburg Superior Copper ... . Tamarack . .. .( U. S. Mining' J Utah Cons Utah Copper Victoria .. Winona . 13 57 73 30 GOVj sale 65 23 V iov; 34 U 1814 10Va 44 152 21 88a 22 15 14 14 57 75 44 30 Keweenaw Kerr Iike Kt-atlns i La Rose V Lake Copper 82 L. S. & A IVa Live Oak 18 Mangas 2 Miami ... 24 Mont. Clinton 33 New Keystone 5 New llAltlj 12 Nlplsslng 10 4 10 Wyandot 3 Wolverine ...140 NEW YORK STOCKS. 4 10 '3 141 Gay and Sturgis furnl'h the follow ing New York quotations: Open Close SUPERIOR & BOSTON. President William O. Rice, now at Globe, writes ns follows: "I am u great deal better pleased with the conditions at the Superior & Roston than I expected to be. All ore samples taken from the mine In tho past two weeks have averaged better than nine per cent copper, with good sliver values. More copper glance coming In m we get deeper and alto gether I find very great encourage ment. With the McGaw equipped as It Is for economical operation we should of low cost. We believe that we can make a great sawn mine costs by adopting the caving sys tern rather than the old square set ey f mlninir the ore. We have about decided to do this. The sale of our mine water is nign i.. M-nhfihl ns engineers representing two large companies are Investigating .m. mnositlon with me now lnou'n to the future of Superior & Roston, such an arrangement will sub ..,i,.u.. rpdnee our costs." .. ... . -,i In this connection it migni u .v, thP low trade mines of the Mi ami district will be In need of water nfrntlna- t.lanta now 'n ror w. HnrM,rior & lilt! vw.- - JAnl Roston. being between euu am ?lKhor tn the Miami d th -,.v, tMa mine i"v water ii'" without pumping. Subscribe for The New. News want ads bring results. OAY A STURGIS GOSSIP. Calumet. . Mich.. Feb. 16.-Today one of the dullest sessions on the Roston exchange of the past nvornl months. tn the last hour, short covering In th B-eneral market rallied the New York !lstabout a point. Forced liquidation In coppers np pears to be over any" little buying of the better class of coppers finds tne market bare of stock. Itnneoek old at 28Vi n the-pros of encountering the old Hancock lode In the vertical shaft within a STOCKS 1 Roston, Mass., Feb. 16. The whole list continued dull again today. There was no attempt at liquidation nnd to ward the close under the leadership of Amalgamated, prices advanced frac tionally. After careful Inquiry It seems to us that liquidation has been very complete. Prices rally easily and we would not be surprised to see a good upturn within the next few days. The declaration of $1.50 dividend by Qulncy was well received, the stock showing a sharp ndvance of Ave points. Foster, of Paine, Webber & Co. BOSTON STOCKS. (ralne, Webber and Co.) Bid. Asked. Amalgamated 6 6. Adventure 8 V 8 Arcadian 1 'Va Atlantic 9 ' 1 Arizona Commercial 39 39 Roston Corbin 17 17 Roston Cons 19 20 Calumet & Arizona 69: 70 Calumet & Hecla 630 640 Centennial 26 27 Coalition 23, 24 Copper Range 76 77 Daly West " Rvi East Rutte 10 10 Franklin 19 20 Giroux S' 7i Granby &Wt 90 Greene Cannnea 9 9 Hancock" 27 28 Helvetia 4 Indiana 36 37 Isle Royale 23 23 Kerr Lake 9 9 Keweenaw 4 Lake 82 82 La Salle .t ..15 15 Allouez 51 53 Mass 7 7 Miami .. 24 24 Michigan 6 7 Amalgamated 75 76 American Car Fndry 60 62 Anaconda ... i 49 51, Atchison 114 1S R. & O no in R. R. T. ;.: "2 73 Canadian Pacific ...180 181 C. & O. 83 84 Cons. Gas . .....VI .143 146 Colorado' Fuel 37 3S Erie .... ... 28 29 Illinois Central ' 143 L. & N 148 149 Locomotive... ......... 49. 50 Missouri, Pacific .i . . i . ,70 71 M. K. & T. -i. .......... 42 44 New York Central 119 119 Northern raclfic 135 136 Pensylvanla .. 132 133 Rending.'.'.!''.. ...... .165 169 Rock Islapd ......... M.. 46 St. Taul.. .....141 Smelters .... 82 83 Southern "Pacific ....... .124 125 Southern 'Railway ....128 128 Sugar .123 123 Steel pfd.; ' v 119 Tennessee Copper 33 33 Union Pacific 18314 185 II. S. Steel 78 80 Western Union ... 72 UNLISTED STOCKS. J. A. Mlnnear & Co. .say today: Further dullness In' the eastern mar kets was noted ? today although the bulk of the tracing wns done at high er figures. Th announcement of tho Qulncy dividend of $1 and CO cents xtrn caused an advance1 of 6 points In this stock and gave tho whole cop per share market a firmer undertone, particularly the Lake. Superior copper Isattes. The directors of the North itte nre scheduled to meet In Duluth, February 2S, for dividend action. It Is likely that the dividend will be 50 cents per hare. C. & A. directors will meet about Feb. 25, and undoubtedly will announce a dividend of $1 per share. The Rutte camp miners did not go underground today but It Is likely that the dlttkulty there wlll'be satisfactor ily adjusted, in a day or two. Han cock, Mangas and Rohemla were ac tive curb features today.' Hancock looks like a good buy on the strength of reaching No. 2' west lode within the next week or ten days.- Mangas buy ing continues strong with large blocks wunted nt tho bid price. iionemm traded freely around $13. North In diana probably will be put on the mar ket at the end of,. .the week. While there will probably be no heavy trad ing, for the nt xV 'k or. two," we look to see a slightly better range of quo tations. ; . (J. A. Minnear and Co.) Rid Asked North Lake ... Ojibway Oiieco Ray" Cons Ray Central . . Sierra Shattuck Santa Rosalia , Sup. & Globe . Sup. & Roston Sup. & Pitts. . So. Columbus . Tuolomne T.onopah Wtirrlor Wolv. & Ariz. Yuma 17 9 7 21 3 3 19 1 1 13 13 .10 3 6 11 1 4 83 o 19 3 24 .40 5 12 10 18 9 8 22 3 4 20 1 1 14 14 .11 3 1' The Market at a Glance BUTTE LABOR TROUBLES WILL BE QUICKLY ADJUSTED. NORTH BUTTE MEETING IS SET FOR FEBRUARY 28. NEW YORK MARKET SLIGHTLY HIGHER. QUINCY INCREASED DIVIDEND TO $1.50 AND STOCK A FEA TURE OF BOSTON MARKET. i HANCOCK, MANGAS AND BO HEMIA FEATURES OF ACTIVE CURB MARKET. J. A. MINNl-AR & CO., Brokers CALUMET, MICH. LAURIUM, MICH. PRIVATE TELEPHONE EXCHANGE VASSAR COLLEGE HONOR GIRLS. - Poughkeepsie. N. Y.. Feb.' 16.-The names of the honor girls at assar college were announced today. The list Includes 26 names distributed throughout the country. Included In the list are: Catherine Longworth Anderson. Grosse Isle. Michigan; Ruth Alden Fifield, Janesvllle, Wisconsin; Gertrude Anna Mills. Decatur, Illinois; and Helen Leslie, Memphis, Missouri. NAVAL TUG PROBABLY LOST. Washington, Feb. 16. The tug. re ported to have been spoken to off Montauk Toint Sunday by the steamer Ray View, nnd which was tnoiigni tho NMnn was the naval tug Apache. 48 Naval officers this morning; expressed 145 1 themselves as of the opinion the Nina had gone down at sea with all on board. Gay & Sturgis 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 la unsurpassed. Direct private wire to Roston, Duluth and Houghton. Also direct connection with Hornblower & Weeks, members if the New York Stock Exchange, with offices at Chicago and Detroit. P. W. GRXERSON, Mgr. OFFICE 108 FIFTH ST. PHONES SIM) AND 840 y 1 mwsKsmfi... t,..vrT?zzrvr. :rsr z 11 After the local high school basket ball team has completed the scheduled games of the Interscholastic schedule It will Play n series of six games with the fast Y. M. C. A. nnd College of Mines teams. All of the games with the association five will be played on the home Moor while one of the M. C. M. games will be played at Houghton, and the rest at home. David Armit . agsnt for this HOUGHTON COUNTY LOAN & INVESTMENT ASSOCIATION of Houghton, Michigan. STOCK NOW FOR SALE. LIFE, FIRE, ACCIDENT AND PLATE GLASS INSURANCE. REAL ESTATE. Ont cornsr lot at eornor Lako Lindon avs. and Hocla ttroct, Laurium. Good for business pises. Office Riehotta Block, Hscta St, .Laurium. Phono 266. Ahmeek 200 Rohemla ... f 12 Rutte Ralk .'. Rutte Alex-Scott 4 Chemung ..... .... H'i Chief Cons. 2 Col. Cons Codovla 3 Cortez 2 Chlno ..... 12H , Cnl. Corbin . .. Cal. & Mont. . 1 Corbin Cop- Cactus Davis Daly ... Denn Aria. ... Fast Rutte .... Kiy Central . . . , Goldfleld Cons. 'Gila Giroux Home stake .. Hrmlna '. . . ro i 9 4 3 10 Is. 9 .40 Helvetia Hancock . Indiana . . . J Inspiration !7 36 2ir 13 10 5 13 2 93 3 3 13 .73 1 10 6 3 4 10 1 7- S 10 90 .no s 28 36 IMMIGRATION UW IS FAULTY (Continued from Tage 1.) Immicration. which during 1909, fell off from the two previous years, the commissioner says. Is reassumlng nor- mnl proportions. The months of Jan uary to June 1909. however, showed In creases over the same months of 1908 which Is attributed by the commis sioner principally to the fact that those Interested in steerage passenger car rying have traded upon and magnified beyond nil reasonable limits the im provement In Industrial conditions to encourage emigration. As to occupations 174.800 unskilled laborers of the immigrant class enter ed nnd 118,936 of the emigrant class departed. Of the 751.786 Immigrant tliens who entered the United States during the year 88.393 were under 14 and 38,517 were 43 or over; of those over 13 years of age 191.049 could nei ther rend nor write, an increase In the ratio of illiteracy to 29 per cent ns against 26 per cent In 1908. For vnrl- reasons 10,411 aliens were de ported. Reference Is made again to the in teresting and Important economic problem arising from the fact that a very large proportion of Immigration Is coming from southern and eastern Europe, those countries furnishing about 67 per cent of the Immigrants. The continuance of this preponderance Is declared to be a question concern ing every patriotic citizen, for It Is stated there can be little homogenlty between people of that section nnd the real American. A distribution of more than 5,000 persons wns effected during the 13 months ended June 1909. through the operations of the division of Informa tion, of whom 2.563 were snt to ngrl rultnrnl communities. The division Is directing its efforts townrd a prac tical solution of the problem of the scarcity of farm help. Particular care has been taken to direct no men to work where they might be used to replace labor already employed. The field of activity com prised 40 states nnd one territory. There were Issued during the year 37.337 certificates of naturalization, an excess of 11,820 over the preceding year. The four states In which the principal work of naturalization was .transacted being New York, Pennsyl 8.vanla, Illinois and Massachusetts. I cttictt A. TENNYSON PRYOR WARD B SMITH Phones 818 and 819 South PRYOR & SMITH B?OZfH?S 37 Isle Royale St., Houghton, Mich. Direct Private wires to Boston and New York Stock Exchanges. WM. DUFFXEY, Manager CURB MINING ISSUES A SPECIALTY ReliabU Information from Competent Mining Engineers and Corres pondents in the Various Mining Camps at the Disposal of Our Clients. S SS&ft Charity lodge K. P. will give a mov ing picture show at their hall In the Union building Thursday evening Feb. 17 under the direction of Thos. Wills. Admission 25 and 10 cents. Sj LAURIUM TAX ROLU The tax roil will be returned to County Treasurer. March 1st. and all delinquents after that day will be sub ject to an extra collection fee. All tux- payers who have not paid are request ed to do so before that time. 83 FRANK RAGGIORF.. Treas. NOTICB TAXPAYERS. You nre hereby notified that all township taxes not paid before March 1, 1910 will bo returned delinquent to the county treasurer. 87 WM. WHITE, Twp. Treas. RATES TO ISHPEMING. For the Ski Tournament Feb. 22nd, the South Shore will apply fare nnd one third for the round trip. Tickets on sale Feby 21st and morning train No. 2 of 22nd; return limit Feby 24th. Superior Trust Company Hancock, Mich. Capital $150,000 This comtany Is under U supervision of the state hank ing department and Is author lzed by law to act as executor, administrator, gruardlan. aa rijnee, receiver or trustoe. ' C. A. Wrigh, President, -Jacob Bter, Trei3.er, M. C. Getehell, Seo'eLiry. $22.00 per month rents a modern 5-room flat. Steam heat, bath and gas. Red Jacket. FAUCETT BROS. & GUCK. MERCHANTSI DO THE FOLLOW ING INTEREST YOU 7 A well lighted store? A light that gives the true color to your goods? A light that is healthy for your clerks r . A light that is appreciated by your patrons? A light that gives an air of prosper ity to your store? H0U6HT0N-10. ElECTRiC-USHT CO. Bell telephone connection at all offices. PROMPT DELIVERY Give us an order for the delivery of a case. Many beers have many good qualities, few shortcomings. Our beer is a fine 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. CALUMET BREWING GO. Phone 274. News want ads bring results.