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The Calumet news. [volume] (Calumet, Mich.) 1907-1938, June 21, 1910, Image 5

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TUESDAY, JUNE 21, 1910.
r
: THE CALUMET NEWS.
Victoria 3 31 ij
Winona 71 g
Wyandot 2
LAKE COPPER CO.
amazoo, and will be "at home" ut 521)
Llm xtrect of that city.
it
The bride is well known In Like Lin
Ilstabllshed 1880
what to Expect
den where she has been clerking in the
NEW YORK STOCKS.
Gay and Sturjls furnish the follow
HOLDS MEETING
Iike Linden Co-operative store. The
tfiooiu Is a well known Kalamazoo
young woman.
- i
r I II I
ing New York Quotations:
fife
" I
When you buy a pair of
bargain" shoes you gen
erally expect and nearly
nlvay8 K't cither poor lit,
ipicstlonahle style or poor
wear.
On the ollior Inn.l when you by WALK-OVKUH
you ot Jimt What you pay for-ah.volutely M.rr,.,.t
fit. up-to-thc- minute stylo ,, the extreme lln.it of
service.
An.1 the prlee of WAI.K-OVKIl certainty of satis,
faetlon is only
$3.50, $4, $5
!
THE BEE HIVE SHOE STORE
btt
Fifth St-
Phone 390
Calumet
I lit'
tt ri
Mining N ews
PAINE, WEBBER & CO.'S GOSSIP.
The Nipisslng Mining company has
leelaml the usual quarterly dividend
of flvo per cent and an extra dividend
of 2-t per cent, payable July 20. The
books close June 30 and re-open July
isth.
The Laltose Cons. Mines Co. has
declared the usual quarterly dividend
of 2 per cent, payable July 2Hh. The
books close June 30 and re-open July
ISth,
'The Electrolytic: copper which sold
at the equivalent at 12 cents a
pound In New York last week was the
result of a re-sale which the American
Smelter & Kerflning company nego
tiated. In other Instanced sales were
made at 12, xellers refusing to meet
the lower price named on small quan
tities. All eyes are now centered on
the London cables for some announce
ment relative to largo sales of Ameri
can copper abroad. Important price
concessions aro expected.
STOCKS
lioston, Mass., June 21. Having nd
vaneed for four days the market sagg
ed today under professional offerings
liillucnccd by Bonte adverse crop news
This was only natural and the tone was
at no time weak. No liquidation ap
peared and stocks were not in supply.
We see no reason to change our minds
anil still believe in higher prices
I. J. Sturgis.
GAY & STURGIS GOSSIP.
l'.oston, June 21. The mineral pro
duct of the Victoria Copper mine for
May was 8SVa tons. Financial News.
New York, -June 21. The copper
metal market has now devloped strong
er toTis. (.notations for electrolytic
now la Ing 12 to 12?i cents an ad
vance of cent.
Sales are reported at the lower fig
ure in fair quantities largely to do
mestic consumers.
Although there is a good Inquiry for
copper for export, it is understood that
some of Independent producers who
sold copper at 12 cents at the close
of last week have refused that price
and are holding for 12 cents which
they expect will be the prevailing quo
tation within a day or two. It Is said
that stocks In the hands of domestic
consumers are running pretty low and
tint buying by them cannot be delayed
much longer. Dow, Jones &. Co.
l'.oston, June 21. A director and one
of the largest stockholders of the Cir-
ux Co. says: "I am hearing consid
erable criticism of the management of
the ( II mux company In planning so
extensively for-the future, without be
liij: sure of their ores. 1 know that
Messrs. ' Cole nnd Ryan care not for
this criticism. The Clroux has at Its
command, 1y reason of Its affiliation
with the Amalgamated nnd Cole-Ryan
Interests, the best engineering, mining
and metallurgical talent, and they are
preparing the Olroux for a large cop
per producer, both from the limestone
deposits which greatly resemble the
l:Mme veins, nnd from the porphry.
The first production will come from
the limestone and these ores will go
to International Smelter In Utah,
which will' need them. Tho C.lroux
company has about $1,000,000 cash on
hand, and every dollar expended Is for
the best machinery, and everything
done Is of the most Important nature."
l'.oston. Market opened linn. Lake
nnd Hancock were the only uctlve fea
tures, however. In the specialties
there was good buying. Dullness con
tinned throughout the session and
stocks left off about where they did
yesterday with undertone fairly strong
What little change has occurred this
week points to a higher level. Foster
of I'aine, Webber & Co.
BOSTON STOCKS.
(1'nlne, WVober
Amalgamated .
Adventure
.AHoiiez
Arcadian
Atlantic
Arizona Commercial .
lloslen Corbin
liutte & Hal
Calumet & Arizona ..
Calumet & He la ....
Centennial
Coalition
Copper Range
Daly West
Fast ISutte
Franklin
C.lroux
tlranby
(Jreene Cananeu ...
Hancock
Helvetia
Indiana
Isle Roy ale
Kerr Lake
Keweenaw
Lake
La Salle
Mass
Miami
Michigan
Mohawk
Nevada Cons
Nipisslng
North Rutte
North Like
old Dominion
Osceola
Parrot
Quincy
Shannon
Superior & Ronton ...
Superior & Pittsburg
Superior Copper
Tamarack
Utah Copper
I". S. Mining
I'tah Cons
and Co.)
Rid.
.... av
r.-
v .
.r.ir.
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. 1914
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274
Open Clean
Amalgamated C3V4 61
Anaconda 40 40
American Car Fndry G6V4
Atchison 10514 104
H- & 0 112 112
. H. T 7914 7X
Canadian Pacific 19C 19C
& K1V, 81
Cons. Mas ..
Colorado Fuel
.138 Vi 13SV4
. 35 Vi 35 V4
27
Illinois Central 133V4
27
133V4
L. & N H6Vi 14Gi
Locomotive 44 V4 44
Missouri Pacific 67 67
N. Y. Central 117 116V4
North. Pacific 126 126
132 132
133
14
73
10
17Vj
10
41
52
43
40V4
21
Sehige railroad
ROOTOX. MASS.. July 2-8, Natlonr.l lMucator-8 Association
DFNVFR. COLORADO. July 19-22. National Int.H AssoHa ion.
DimtOIT, MICIIIC.AN, July 11-17 iJrand U1k '"dcr 'f
IRON ..MOUNTAIN. MICHIGAN. July 20-21-22. Sons of St. (.000,0
Reunion. .
LOS ANOFLF.S, CALIFORNIA. July 11-16. American Institution of
Homeopathy. . , ..
OMAHA. NFRRASICA, July,15-20.Natlonal Association dter
Using Clubs.
PORTLAND, ORIOOON. July 19. Ancient Order of HlhernlaiM
OMAHA. NFRRASKA. July 20-23. SaenKlbund of the Nor.hwes
SARATt H1A, SPRINGS. NF.W YOR.C. July 7-lO.P.aptlst un
Peoples' Reunion.
QULRFjC, July 12-19, St. Aneo de Reaupre.
Full particulars given by Copper Range Railroad tleket n.enls.
Penna
Reudlng 15G
Rock Island 41V4
St. Paul . ...
Smelters
So. Pacific 124V4
Sugar 119
Steel pfd 116
Tenn. opper 25
Union Pacific 173
V. S. Steel 78
Western Union 63 Vi
156
40
127 126
77 78
123
119
115
25
172
78
63 V4
UNLISTED STOCKS.
J. A. Mlnnear & Co. say today:
The copper share list today was ab
solutely without feature. Tho little
trading that was done as a whole
bowed sllglitly better prices. Amal
gamated was particularly Inactive af
ter Its recent movement. Old Domin
ion showed an advance of two points
with no particular news to accounut
for the movement. Trading in the
balance of the list was confined to
one or two :ales. The Now York mar
ket was firm all day although the ad
vance of yesterday did not continue,
due to tho unfavorable crop reports
Wheat In the hleago market showed
heavy buying with a substantial ad
vance scored. Curb trading was con
fined to specialties. Tonopah and
Ooldfteld contlnuo In good, demand
Hancock was a feature of the copper
list advancing two poInU with ru
mors afloat of Important mining de
velopments. The annual stockholders
meetlnc of the Lake was held In
Houghton today. Tuolomne directors
have deferred action on the dividend
with the result that the stock eased
off slightly. AVe look for a trader's
market for tho remainder of the week.
The new Lake board elected today
consists of Messrs. W. A. Paine,
Crosse, McKeever, iStone. Fitzgerald,
J. II. Rice and R. C. Pryor.
All New Directors But Two Are
Elected. Wm. A. Paine is
Chosen President.
The annual meeting of the stock
holders of the Lake Copper Co. was
held at Houghton today. A new board
of directors was chosen as follows: J.
H. Rice, R. C. Pryor, R. II. Cross, R.
T. McKeever, O. L Stone, V. A.
Paine, V. F. Fitzgerald. There were
present representing 78,321 shares,
proxies running to Fitzgerald, Mr-
Guiie and Rice. Tho directors ure
now In session. lay & Sturgis.
Pain Nw President.
With tho exception of Messrs. Pryor)
and Rlee the directorate Is comjKised
of new members. It Is understood that
Wm. A. Paine will be elected president
and that tho management will be dom
inated by him. "While no official an
nouncement of !Mr. Paine's policy has
been made, it Is accepted hero that F.
W. Denton, vice president and general
manager of the Copper Range Consol
idated, will have actual charge of all
operations at the mine. R Is also pre
sumed that the main office will bo
moved to Roston nnd that Robert 11.
dross will be the new secretary of
the company. jPalne, Webber & Co.
Officers are Chosen.
The new officers of Lake are:
W. A. Paine, president.
R, II. Cross, secretary and treasurer.
No vice president has been elected
yet. Cay & Sturgis.
(torch lake news)
FINE LIST OF SPORTS
FOR THE 4th OF JULY
Art.. & Mich
Ah meek
luitte Ralk ...
lio'iemla
Chemung
Chief Cons. ..
Col. Cons. ...
Cordova
Corlez
hint
Cal. Corbin ..
Cal. & Mont.
Corbin Cop. . . ,
Cactus
Davis Daly ...
ivnn Ariz. ...
Cold Held Cons.
Gila
Ciroux
Ilomestake ...
Hermiua . ..
Helvetia
Hancock
Indiana
Inspiration ...
Keweenaw ...
Kerr Lake
Keating
La Rose
Lake Copper . .
L. S. & A. ...
Live Oak
Mont. Clinton
National
New Keystone
New Raltlc ..
Nipisslng
North Lake ..
OJibway ... .
Oneco
Ray Cons. ....
Ray Central . . .
Sierra
Shattuck . ...
Santa Rosalia
Sup. & Globe .
Sup. & Roston
Sup. & Pitts.
So. Columbus
So. Lake
Tonopah
Warrior . .
Yuma
Bid
. . . .35
...160
.. 15"
.. 6i
.. 1V4
.. 58
.. 2'
.. IPa
. . .35
.. 1
.. 6
.. 2
H4
A 3
9'
.. KVa
.. 7
.. R6
19
. 16
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3
8
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11
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9
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170
15
7 '4
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62
2
11
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1
7
2
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10
6
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89
.25
2
17
8
4
8
1
4V4
54
lVa
20 V4
.10
.28
414
7
1H4
12
1
3V4
17
2
2
26
.45
.40
9
11
.08
5
9V4
7V4
.70
had
month
from
CLOSING GRAIN LETTER.
Chicago, June 21. Wheat Most sen
sntional bull market in wheat In
months was recorded today when there
was an advance of 3V4 to 3 cents In
the late months with last prices only a
little under top. The extreme anvnnce
was established a few minutes oeior
the close. The Immediate cause of the
late buying flurry was the fact that
the September price at Minneapolis
n freh advance, causing that
to show a gnln of six cents
vo Mono vesterdny. This was
taken. to mean that the trade In the
Northwest Is more thoroughly aiarmeu
over the damage to spring crop than
the trade here. The cash situation Is
not following tho speculative market.
For the present this makes no differ
ence ns the trade Is being carried along
by the belief that tho big spring wheat
crop Is facing a calamity.
Corn Rest strength of the day was
t,ia,i mnn nfter the opening when
July advanced to 60. After reaction of
about half a cent under profit taking,
market went close to top prices a sec
ond time late In the day nnd closed
with net gains of to all around.
Estimate Is smaller at 179 cars. Cash
The Fourth celebration In Iake Lin
den this year will not be Inferior to
any that have been pulled Vff In pre
vious years. The committee has a
good program arranged, many en
tries are expected and the prizes offer
ed are worth an effort on the part of
the I,ake Linden boys. Theodore Klr-
schweng has boon selected aa "King"
of the calithumplans, and this part of
the program will be the biggest fea
ture In the parade. Six have reported
to the "kinir" nnd several others ex
pect to try for' the generous prizes
which are as follows: First prize $35;
second. $25; third. $15; fourth, $10;
and three additional prizes of $5. each
for those entering small floats.
Tho ' conimitfco.-"on athletics is as
follows: Chairman, Abraham Roberts;
starter. Alex llarbeau: N. M. Cillies,
(J. Henna Hack, Thomas. Coldsworthy,
Oliver Raril. Will Lanctot, A. J. Vine.
iS. James, rank Hittricb. A. F. Ileide-
camp, Thomas II. Rule, Albert Rrock-
way Archie McCarroll, John Hermann,
Jr.
The list of sports follows:
10 a. m. Swimming race, Marcotte's
dock; J3, $2. $1.
10:15 a. in. Walking greasy pole
over lake, Marcott's dock, $3, $2, 1.
11:00 Old men's race, over fifty
years, Sutton's to Toupin's; J3, $2, $1.
11:15 a 111. Fifty-yard dash, girls 16
years and under, Ilennes to Deschamps
13. $2. 1.
11:30 a .m. Obstacle racu, Co-oper
ative store to Pearce's; $3. $2, $1.
Dinner.
1:30 p. m. Fgg race, city hall to J.
Durand's; $3. $2. $1.
1:43 p. m. 100 yard dash, boy 16
years and under, city hall to Tappe's;
13, $2, $1.
2 p. m. C.lrls relay race, three on a
side, 18 years nnd under, Stehlln's to
Tappe's; $3. $2, $1.
2:15 p. m. Fifty yard dash, boys 12
years and under, city hall to opera
house; J3, 2, $1.
2:30 p. m. Mile race, men. start at
opera house, around Oenereau's, and
back to city hall; $5, $3,' $2.
2:45 p. m. Sack race, Main's to Sut
ton's; 13. 12, $1.
3 p. m. Three-legged race for boys
under 16 years, llenne's to Deschamps;
$3. 12, $1.
3:45 p. m. Fat men's race, Rule
pros.' to Pearce's; $3, $2, $1.
4 p m. Tug of war, six on a side,
at city hall; 112.
4:15 p. m. Standing hop, step, Lan-
ouette's livery, $3, $2 $1.
4:30 n. m. Three standing broad
jumps, no weights, at C.eneralau's cor
ner; $3. 2, $1.
4:45 p. m. Throwing fifty-six pound
weight, Henry Parks' store, Lamme
corner; $3, $2, $1.
5 p. m. Putting sixteen-pound shot.
Henry Tark's store, Lamme corner; J3,
S2. II.
The Lake Linden band has been en
gaged for the entire day.
LAKE LINDEN WEDDING.
TORCH LAKE YOUNG LADY
BECOMES A BRIDE TODAY
One of the prettiest June weddings
ever solemnized in the Torch Lake
towns took place ut the Holy Rosar
church ut 9 o'clock this morning, wh o
Rev. Fr. Rles united in mairiago, Mis;
Leona K. Poull, daughter of Mrs. Eliz
abeth 1'oull of Lake Linden and Thou.
J. 'P.cycnka f Houghton. The cere
mony was attended by a large number
of friends of the bride and groom.
Th bride wore a beautiful gown of
soft w hite satin, trimmed with Dm hess
hue, and carried lillies of the valley.
She was attended by Miss Antoinette
Rosch who was gowned in white silk
and also carried (lowers. John J. K.
Vertln of Duluth supported the groom.
After the ceremony, the wedding party
retired to the home of the bride's
uncle, Joseph Rosch, where wedding
breakfast was served. The home was
beautifully decorated for the occasion.
The bride is generally popular In
Torch Lake sKiety, she having lived
here almost her entire life, she was
employed at the office of Joseph Rosch,
her uncle. The groom is a member of
the firm of A. II. Krleger & Co. of
Houghton and Duluth. Mr. and Mrs.
Reyenka leave today on a wedding trip
to the east and on their return will
make their home In Houghton.
Among the out of town guests who
were present at the wedding are, Frank
Reyenka of Mllwuukee, Mr. and Mrs.
C. R. Kottenhoefer of Chicago. Miss
Kettenhoefer of Freport. III., und John
J. K. Vertln of Duluth.
THE FOURTH AT HUBBELL.
Committees Meet and Discuss Features
of the Program.
At a meeting of the committees In
charge of the celebration of July 4th
In Ilubbell, held last evening. It was
decided to engage the Ilubbell band
for the day.
The committee also acted favorably
upon the plans for a calithumplan
parade, and those contemplating en
tering the same' are requested to enter
their names with Secretary Samuel
James. Mr. James is also prepared to
give suggestions relative to make-ups
for this parade. There will be the cus
tomary float, for girls, dressed In white
and carrying Hags, representing the
different nations.
The parade will start from the town
hall at 9 o'clock, proceeding up duck
street to Duncan avenue, hence to Lin
wood and back to Tamarack City. A
grand stand will be erected near the
town hall, where the exercises of the
day will be held.
The afternoon will be devoted to
races and in the evening the fireworks
and the yacht parade will entertain lo
cal people.
Paine, Webber & g? o.
Members New York Stock Exchange
" Boston Stock Exchange
" New York Cotton Exchange
" Cltlca&G Board bf Trade
Duluth Stock Exchange
C II It 11 STOCKS GIVKX SPr.CITlL 71TTF.NTION
nnivTiTii wmn to 71ll mtuikrts
Galumet OfficcPainc Webber Building
M. J. O'BRIEN. lies. MJr.
Tclcphoncs.826, S27 and 828
TORCH LAKE BRLVHIES.
Mrs. P. T. Ryan of Traverse City,
III., and Mrs. A. F. Fldown of Toco
ma, Wash., have been called to Lake
Linden, because of the serious illness
of their mother, I.Mrs. Catherine Stutte.
"N. I Dodson of Hancock represent
ing the drlnnell Music house was a
business visitor in Lake Linden today.
'Mrs. Mary Cren and daughter. Al
berta left today for Ann Arbor where
they will visit.
Miss Olive dlanville departed today
for Rochester, this state for a few
weeks' visit.
Mrs. Albert Franks and family left
this afternoon for Rochester where
they will spend a few weeks with rel
atlvo. Mr. and Mrs. F. W. Ackerman nnd
child leave today for Detroit to upend
the sumnner months.
Mrs. Lottie IMcllon of Lake Linden,
visited with Calumet friends last
week'.
Mr. and Mrs. John Anderson of
Flghth street. Calumet, spent Sunday
with friends nt Lake Linden.
Miss Mable Pryor Becomes the Bride
of Kalamazoo Young Man.
Miss Mable Pryor of Lnke Linden,
nnd J. L. Rrokle of Kalamazoo, were
united In marriage nt 12:30 o'clock to
day, at the home of the bride's sister,
Mrs. Thomas n. Wan-ham of Inke
street. Rev. Herbert C. Shaw of the
Lake Linden Methodist church offi
ciated. The bride nnd bridegroom were
unattended, nnd only the Immediate
friends and relatives of the couple were
present nt the ceremony. They leave
this afternoon on the Copper Rangs
Limited for their future home nt Kal-
nrlces ruled 1 cent higher. Dry weath
er over big states where much of the
replanting crop is late Is the chief bull
Influence. Logan and Rryan, to Paine,
Webber & Co.
D.,S.S.&A. RY.
Excursion
Bulletin!
June 1 to Sept. 30. Low Round Trip
Summer tourist fares to Lastern
Canada, New York nnd New Eng
land. Optional Routes.
June 3 to July 30. Every Friday, low
rates by train and steamer to De
troit, Toledo, Cleveland and Ruffalo.
June 22nd. Last of the popular Spring
Excursions via the D. & C. line to
Detroit. Cleveland nnd Ruffalo.
June ?9th to July 3. Annual Conven
tion National Educational Associa
tion Roston, Mass.
June 28-29. Summer Ceremonial Ses
sion, Ahmed Temple.
July 2, 3, 4. Low rates for Independ-
ence Day.
July 6 to 10. National Convention of
Elks, Detroit.
July 12 to 19. Annual Pilgrimage to
St. Anne de Reaupre.
July 20-21-22. Sons of St. deorge Re
union. Iron Mountain, Mich.
Aug. 10-1112. Firemen's Tournament
nt Sault Ste. Marie.
Sept. 2-10. Eucharistle Congress, Montreal.
The Market at a Glance
NEW YORK LIST DULL. -
COPFJER STOCKS IN LITTLE DEMAND THOUGH FIRM.
HANCOCK CURB STRONG TODAY.
LITTLE IMPROVEMENT EXPECTED IN NEAR FUTURE IN
TRADING.
J. A. MINNi-AR & CO., Brokers
CALUMET, MICH. LAURIUM, MICH.
PRIVATE TELEPHONE EXCHANGE
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 Rjston, Duluth und Houghton. .
Also direct connection with Hornblower & Weeks, members if
the New York Stock Exchange, with offices at Ch'ago and
Detroit
P. W. GMERSON. Msr.
OFFICE K T1FTH ST. PHONES bl'd AND 814
52SS3S552S
A. TENNYSON PRYOR WARD B SMITH
Phones 818 and 819 South
PRYOR & SMITH
BROKERS
37 Isle Royatc St., Houghton. Mich.
SSMSMSWISSaMHBMMSMsaSMHSMMMMMMMMMHM
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 Campa at the Disposal o Our
Client.
CALUMET STATE BANK
Capital $100,000
Surplus $30,000
OFFICERS
THOMAS HOATSON, Praeident.
EDWARD ULSETH, Vica Pre.idenL
J. W. SELDEN, 2nd Vica President.
F. J. KOHLHAAS, Cashier,
WALTER EDWARDS, Asst. Cashier.
INTEREST PAID ON SAVINGS DEPOSITS
TRAVELERS ATTENTION
Watch for announcement of other
excursions. Tor particulars apply to
Ticket ARt'Ota.
Is called to the excellent
service which the
Copper Range
RAILROAD
Has established in connection
witn the CM. A. St.P. Railroad
Through Fast Train Service
Through Sleepers
Cafe-Observation Car
Best Dining Car Service
Low Rates .
TAKE "THE COPPER RANGE LIMITED"
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