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' 1 V THE CALUMET NEWS. I1 i (A v - :l .1. 'I; I, J' ;!,' '4 'A, 'H. VI. 'X' !i- Vi In- 4 MS1 iV:- r I V, 4 MINES AND MINING, Paine, Webber & Co's Gossip Clobe It is stated here that tho Ar Izona Commercial lulu .deniotmtrated the rxUtence of the sulphide ore bod les by the use f diamond drills, and ulao that the leached asone does nt ex tend fur below the 70-foot level. The Superior and Iloaton recently demon strated suhdilde ore bodlen tin t lie 1. 000-foot level also by diamond drill. Both companies are working In the name lode. Developments are believed here to have been of a most Import nnt character. Cue tun has 240 feet of commercial sulphide ore in No. 6 drill hole which Ih now at a depth of 3t!0 feet and till In "re. Copper figures The totals for seven months compared with last year. Production S3j,C3C553. increase 35. 96,341 pound. Deliveries SUC.761.9SC, increase 7. 331. IH pounds. Kxcews production 28,874,567, In crease 2S.C3j.2-6 pounds. The visible supply of copper In flreat Pritaln. France nnd United States comprising all but a very small percentage of the total for the world for first dav of August. Kurope 222. 32". 000 pounds. I'nitid States 170,640,678 pounds, to tal 392.960,678 pounds. The striking feature of the Copper Producers' statement for July was th reduction of nearly nine million pounds In the production as compar ed with June, the total output for last month being 118,370.000 pounds. Al though the deliveries were also nboiit 3.000.000 pounds under the total for June, the larpe falling ff In output resulted In nn Increase of only 2.24. C6l pounds, thus bringing the total surplus up to 170.640,000 w.imh1h. The pain In the surplus was not nearly n large as was expected but of course the belief was that production would show much higher than the actual figures reported. Ely, Nev. Th C.Iroux Consolidated Co. Is still working nn the completion of the pumping station at the 1.2"0 foot point of the five compartment shaft. All the sides have been rein forced with concrete nnd there re mains but the dome to finish. "Vltii this work done there remains but the Installation of two big pumps before j the cutting of the cross-cut Into ih rlh ore body begins, and it can be confidently stated that before the first of the year the Olroux will be in the shipping class. Practically all the copper which will be bought from now to the end of the month will be forwarded delivery, for August requirements of domestic man ufacturers have been very well sup piled. A rood Inquiry for copper de. veloped Monday afternoon In New York for American consumers who were bidding 12' cents cash New York. The bulk of copper now sought calls for September nnd October ship, nient. lp to this time, however, litt'e or no December metal has been book ed.'. The market for electrolytic H strong at 12 R-. 20 days with I-nke Pt Its normal premium. The wire mills have bought copper to cover them selves for some weeks ahead and the American Brass company has a' re plenished to some extend its rather depleted storks. This Interest, the larg est consumer of the metal Iti the world, is now in the marke f r cop per. Over a thousand tons of the best Trade I.nko copper sold this week at 13 cents, some rif'it for exo.rt. The strength In copper Is directly attributed to the b tier sentiment created by the publication of the July Copper Producers' figures. The last buying In Utah Copper looks particu larly good. The filiating supply of Knke Issues Is very small. It 3 estimated that there Is still lulte a short Interest In Iake copper In spite of some; rather heavy covering. The advance In Arizona-Commercial Is due to sensational underground de velopments with the diamond drill. At n point nr.proxlmately 200 feet below the seventh level the diamond drill has passed through 20 feet of the highest grade ore ever found In the property. The first five feet will run between 5 anil 7 per cent copper whilo the next 13 fe et is described as coppe r giant e, although no assays have been madu as yet. Gay & Sturgis' Gossip 7! Minneir & Co.'s Gossip j 1 Boston, Aug. 10. The Boston office of. the Arizona Commercial Is Jut In ret'ifit of nsv-ay of the tire struck by the 'diamond drill on the !o0-foot level, which shows 16.25 per cent copper, CO". 3 ounces of silver thirty per cent and tracers of gold. The drill first encoun tered the ore on the hanging wall, but did not g t through to the ftsd wall on jo-count of the breaking of the bit. Thfc will necessitate another drill hole !beln driven which will be started Im mediately, president Am.ter l firm In the belief that this discovery U the most Important ver made on the property as Indicating the prese nce of H rich ore lly on the !no-ftot level. News Bureau. Salt Lake CUy. Utah, Aug. 10 LESS; ' Quarterly iviKrt Duly Went ulum earnings just in excess of disburse ments, recommend doing considerable development woik uikI partial sus pension of ore shipments. Iooks like ivmjiany may later dti Ide to roinove Its milt to mouth of river. Pollock. Calumet. Mich., Aug. 10. The 'curb market was rather Inactive today, the Interest being centered more In listed stocks. Ahme. k held strong with lit tle stock ottered, sales were made at 190 and the dosing was around IS 5. South Bake still holds Its advance sel ling at 7'a and closing around 7. Algomah sold at lH-i but dropped to around 1 0 i at the close with a lit tle profit-taking observable. We look for higher prices In this Issue. Then was some demand for Cactus at 2. Chief gold at 1 5-8 with a firm ten dency, conservative buyers are pick ing up Chief for investment. There was good buying In Inspira tion and price held around 7M. The. market generally held linn but i on realizing near the close showed some loss for the day. In the coppers, Iike stocks are the favorites. Tamarack sold at 64. Al louez 42', Superior Copper 441-. Lake 39. Mohawk SO. Indiana sold at 15'i on rumors of a rich strike which has not been con firmed. The market Is broadening out and the Interest becoming more general. New York, Aug. 10. At the open ing of market this morning a lot of bear stop orders were caught which accounted for the bulge In prices of some stocks. Since that time there has been considerable profit-taking all around the room and traders on the long Hide don't seem to be fol lowing It up. However. I think that the feeling in the street today Is dis tinctly more cheerful. This is shown by the reception given to the report of unfilled orders of Steel corpora tion which shewed a greater falling ff than had been expected, yet the street, in Its present cheerful frame of mind, points to the fact that ns this Is dull season of trade It Is really i good report and represents only a seasonable slackening of trade and not a recession in business. Iyual batiks are still gaining money and the ovcr-the-ycar rate has broken 1-8 per cent .today, although there Is very little ofrcretl at tne reduced price. There Is considerable manip ulation of the rise In evidence. Some bullish talk has been put out on the Hill stocks and on all sides Is heard more cheerful views regarding the cop. per metal situation. The market has had a good rally nnd while Its under tone is distinctly strong today and It gets very dull on the soft spots, which would seem to Indicate that It Is go ing to work higher, yet I believe that within 48 hours we will get a reac tion. J. W. P. STOCKS Boston, Aug. 10. Viewed from all sides, the copper market looks decid edly encouraging. Advances as yet are feeble but confidence Is slowly returning nnd the volume of business Is dally Increasing. W have seldom seen a time when we could more sin cerely advise the purchase of cop pers. There are no stocks hanging over the market and liquidation has be n complete. Of course we shall have small reactions on profit taking by the traders, but the turn has sure ly come nnd every class of copper should be lought. Keep long of North Butte, Bake Copper, Copper Range, Indiana, Hancock, Wolverine, Osceo la. Allouez anil Calumet and Arizona, and buy more every time the mar ket pauses. Foster of Paine, Webber & Co. Clay & Sturgls says; Boston. MassM Am?. 10. The mar kets today have been loss Ibuoyant and considerable profit taking has been In dulged In throughout the entire list. V stcrday was the fourth consecutive tlay of a very substantial advance. From the recent low mark this year 20 active Boston rjper stock.- have advanced an average of over 12 points and a resting place period Is ce-rtalidy in tinier. The market i gradually getting the conflde-nee of the public, lhe banJw are in excellent shajiev The copper me-tal situation shows a decided Improvement and t'-chTiK'ally copper stock are In a much stronger position than they have been for a long time, In view of the fact that few are Iwlng carried In broke-rage offV-es and the recent dras tic decline has put them on practically a cash baK-It. I- Hall. BOSTON STOCKS. (Pain, Wabber &. Co.) Hid. A-ked A ma I 65 65 Adventure 6V Allouez 41 Arcadian 4 Atlantic 64 A riz. Com 19 Boston Cor 14 Butte & Balk 12 C. & A 564 C. & II. 535a Centennial 184 Coalition 194 Copper Bange 66 4 Ialy West 6 F.at Butte Frnnklln ln4 Olrou 7 Ornnby 33 4 f S-reene Can 7 Ilaiwock 214 Helvetia -24 Indiana il& Isle Byale 19 Kerr Lake 74 Ktweenaw 34 7 42 54 7 4 194 15 4 124 57 14 20 674 4 11 1 34 4 74 21 24 ic 194 74 STOCKS Lake 374 l.a, Salle 10 Mass j 7 Miami SI 4 Michigan Mohawk 49 Nev. Cons 204 Nlplsslng 10 North Butte 27i Not th Boke t Ojthway ' O.sceol.i 130 Parrot . ... IS CJllltUy Hay Cons ; , 1ST Shannon 10V4 S. B Sup. & .Pitt Jl4 Sup. Coppt r 4tAx Tamarai k 69 Trinity .. fi4 61 I't.ih Copper 45Ti V. S. Mng 40 I'tah Coiv 244 Victoria 24 Winona v S4 Wyandot ' Wolverine !20Bid (dd Dom 37 3S NEW YORK STOCKS. Ony and Purgl furieh the follow ing New York quotations: OpeO Closs Anvil 6G4 f' Am. Cur Fdry 47 4C Anaconda 414' 404 Atchison 9S4 98 B. & 0 108 107 B. H. T 75 754 Can. Pacific 190 1904 C. & 0 73 734 Cons, as 129 129 Colo. Fuel 29 4 29 Krle 24 25 Vi Ot. Northern pfd 1254 1244 111. Central 131 1314 L. & N 1394 138 4 Locomotive 37 37 Mo. Pacific 514' 51 M. K. T 314 324 N. Y. Central 1134 113 Nor. Pacific 11C 1154 Pcnna 129 12D Beaming 1414 1414 Po; Blind 314 30 St. Paul ...124 124 Smelters 9 C8 So. Pacific 1114 1134 So. Balhvay 22 2S4 Sugar 119 119 Steel pfd. 11 1154 Tenn. CVppcr 25 25 Union Tac 1C6 4 165 IT. iS. :teol 70 694' Wabash pfd 35 34 Western I'nion 64 4 C4 UNLISTED STOCKS- J. A. Mlnnear & Co. pay today. (Markets were a little islower today and In a few Instance.- slightly lower. Tamarack and Copiier Range were ex ceptions, the former felling as high as 64 nnd the latter at 67. North Butte In the early dealings was also very strong, selling fre ely at 29, though late In the session It re-acted somewhat on profit taking. We consider this one of the few opportunities to pick up the good coppers and Ave fee-1 that this re action, ns It might be called, iwill be of short life. London coppers advanc ed again today 12 shilling. The U. S. Stel reisTt, glve-n out teslay, diowed a little decrease In orders as expect d, though It Jiad little affect on the mar ket. The fact that trading falls off In nny weaknesses Is one eif the heal thy rflgns and If the market opens later tomorrow, stocks should lie "bought. In diana wa.s a feature on the curbs, sell ing up to 5 near the close. J. A. Mlnnear it To.) Bid Aak4 11 .35 185 14 12 10 1 .80 .99 24 13 .55 14 64 24 24 34 84 8 64 7 88 Ti 24 21 154 7 34 7 Algomah 104 Ariz. & Mich 25 Ahmct'k 175 Butte & Sup 14 Butt.t Balk 1'24 Chemung 7 Chief Cons 14 Col. Com 75 Cordova Colter. 24 Chi no 12 Cal. Corbln 48 Cal. A Mont 1 Corbln Cop f Cactus 2 Davis Daly 2 Deun Ariz 24 8 4 84 6 Fast Butte Coldfteld 'on. Clla , Ciroux 74 Home'stake 86 llermlna Helvetia 24 Hancokk 204 Indiana 15 4 Inspiration 74 Keweenaw 34 Kerr Ijake 64 Keating .SO Ia Bose 4 Lake p,er 38 U 8. & A Live oak t 17 Miami 214 Alout. Clinton , .20 Na Moral 20 Revl Warrior 24 Fairvlew 1 New Battle New Keystone 34 Nqdssimr 104 North Ixtke ..10 Ojlbway - 64 oiicoo 24 tlay Conn 184 Bay Central 24 Slerrft " 2 Khattuck 234 Kanta Rosalia Sup. & C.lobe 20 Sup. Ronton 3 Klip. A Pitts 12 Kn. Columrtnis So. Iake .99 4 4 384 14 18 21 .25 .30 24 ' 14 64 34 104 104 64 24 19 C4 34 23 .45 .30 4 124 .10 7 jTonopah 84 6 8-4 NEW COMET IS DISCOVERED. Cambridge, Mass., Aug. 10. The dls covery of a comet by Be v. Joel 11 Metcalf, of Taunton, was announced at Harvard college observatory Unlay. Thcdiseovery was made yesterday In the right ascension, 16 hours, 10 min utes declination, plus 15 degrees 20 minutes, moving southwest. LOCAL BREVITIES. Mjh. J. Kaiser, Jr., ha left for Chi- cago, where she will visit with her mother. Mrs. William Mcrrltt. Before ivturnluir to Calumet he will vl-lt Mr. and Mrs. Iiui jJcwnlg. of Mil waukee, formerly of this city. Mis. Merrill;- will at company her daughter to KhI Jacket, nnd .spend the rest of the ku miner "here. Ocorge- Hand, grand vice chief of the Knights of the golden R:gl. Uriah Pt-nberlhy, grand master of record ail William S...Urcn lo.-al delegate from C,u:ilcld C.Mtle, Knight of the olden ' Kagles, left, this morning for Negaunee to attend the annual state onventlon of the' order to bo held In the Iron country twn the remainder if the week. .Ciriiid Chief John Dingle of this city, ha.n already gone to Ne gaunee. The Lucas assault and battery case, In w hich John Blctala is the com - lainnnt, was this .morning adjourned for a week, until Wetlne-tlny, August , In Justice Ollvier's court. Another -ault and (battery complaint, against foreman on" lhe reservoir construc tion Jtd), vvsis dlsmWcd when 1rotiht before Justice Olivier this morning, the complaining witness failing to put In nn appearance at the time et for the liea ring. ' According to th monthly crop re ort, issued from the office of the sec retary of slate, tho severe frost, ra nges of Insects - nnd the extremely Iry nnd hot weather during the month of July have so Injured the apple crop that this year's yield will be the light- st for ten year's. The winter varie ties that promise best are In their or der: Baldwin, Northern Spy. Ben Da vis, Russet and Greenings. The pros pects for an average crop of peaches in the Michigan fruit belt Is 39 per cent and in the state 49 per cent. One year ngo tho prospect was 77 and 67 per cent respectively. Neither oats, corn, potatoes imr sugar beets come up to the average of a year aso ami It Is es timated that all of these crops will fall short of the 1909 yield. UTILIZATION. Mrs. Kominne-s-IIow beautifully your Ice cream Is frozen! Mrs. Whoaster Yes; I froze It In my new fireless cooker. Judge . ' Uncle Erra Says: "Geii'ly It don't take uioro'n a gill iV ttToit to nit folks Into a pock of tioublo." Boston Herald. f'', .li.j . Wear Pottery Gowns. A tribe of Brazilian Indians clothe themselves In iiothins more- nor lef than a piece of pottery. Give Him Credit. Once In a whlln a man Huccceds by accident, but we should still give him cndlt for knowing enough to1 make tho best of au accident. Product cf Clove Tree. A "ten year-old clovw tr.o will pro iuc about twenty pounl3 of cloves a year. Mirror for L?dle:. Show 'me a lady's-'toilet, nnd I will tell you what she Is. Bee Hive Social Temple of Calumet will give a picnic at Crest View .Sat urday, Aiig. 13th. Itcffular train leav ing Copper Range Depot at 9:00 a. m.. returning at 4:45. -3r THB PHOENIX FILE jyi ADE with a flanged lid and is ab solutely dust proof. Top, bot tom, back and drop lid of wood, sides of heavy binder board. Imitation leather back. Index is of strong manila Carried in stock at The Calumet News 104 FIFTH STRF.IiT PHONU 209 Phone your order IN THE JUSTICE COURTS. C of Htnry WuolU Chtrgtd With Larceny is Poitpontd. The case of Henry W nolle, charged with Urceny from the person of Peter Koutoncii. whs to have teeu heaiM in Justice JackoU's court thL morning. owing to the. Inability of Prosecuting Utoinev to take vn rv.it the cas.v it has been adjourned until one day next week. Tills Is the cae In w hich uollc Is alleged to have taken the si-m ot $10 from the pocket of Koutoiien while the latter was -leep In tnt Woulle saloon on Pine street. WWIh HlaltM that he was owe.i inai a.no.o.. by Koutonen. and thnt he simply help ed himself to tne money - Wu.dlc's .bonds in the um of l.ou were renewed. - MANY INDIANS TESTIFY. McAlestcr. Okla.. Aug. lO.-Nolh- Ing sensation! develop'"'! ll,e In dian contracts Invesiigauoii mm mottling. Many Indiana testified they were so Impatient at government de- ay they willingly signed contracts agreeing to pay McMurray ten per cut commission for selling tho lands. CLASSIFIED ADS HELP WANTED FEMALE. WANTBIV Lady, active, educated, of ability and good address. Must write plainly. Address B, care News. 237 FOR RENT. KOR HUNT Throe moms in Red Jacket; desirable location; elect ri light, bath, etc. Apply 214 Klghth St. Calumet. l-'ni: UKNT 5 rooms, first Hour, ply 421 Pewablc at.. Iautiuin. Ap- 23S FOR SALE FOB HAL.K. cheap, a small cook stove, kitchen table, Iron bed, etc. Call 214 Klghth street. x KOIt SABIO Household furniture at 23 Church St., II. R Kratz. 1 roifsABK Iloushold furniture, car pets and rugs. Apply Calumet M. R parsonage. 233 '' PROMPT DELIVERY Give us an ordtr for th delivery of csio. Many beers have many good qualities, few shortcomings. Our beer is a fine beer eny way you take it, as hundreds of its satisfied users will tell you. You can order it delivered -1 your door. Mail and telephone ordert receive prompt attention. CALUMET BREWING GO. Phone 274. nstabllshed 1880 Paine, Webbeir & . Members New York Stock Exclinc . Boston Stock Exchange New York Cotton Exchange " Chicago Hoard of Trade " Duluth Stock Exchaniio CURB STOCKS GIVKX SPJIQI71L TlTTIiXTlON PRIVATE WINE TO ALL M71KKIZTS Calumet OTflcc-'Pninc Webber Building M. J. O BR JEN. Res. Mgr. TclepItoncs826,827and828 The Market at a Glance METAL IN LONDON UP 12 SHILLINGS MORE TODAY. U. S. STEEL REPORT BETTER THAN WAS EXPECTED. SOME PROFIT TAKING, THOUGH WELL ABSORBED. TAMARACK SOLD UP TO 6. , 1 J. A. MINNKAR 6c CO., Brokers CALUMET, MICH. LAURIUM, MICH. PRIVATE TELEPHONE EXCHANGE G0 Gay & 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 undurpanned. Direct private wire to Boston, Duluth and Houghton. Also direct connection with Hornblower & Weeks, members 3f the New York Stock Exchange, with offlcea at Chicago and Detroit i i . P. W. GRIERSON, Mgr. OFFICE lr TIFTH ST. A. TENNYSON PRYOR WARD B SMITH i ' Phones 818 and 810 South PRYOR & SMITH BROKERS 37 Isle Royalc St., Houghton, Mien. Direct Private wires to Boston and New York Stock Exchanges VM. 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. CALUMET STATE BANK Capital $100,000 Surplus $30,000 OFFICERS THOMAS HOATSON, President. EDWARD ULSETH, Vice President. J. W. SELDEN, 2nd Vice President. F. J. KOHLHAAS, Cashier. WALTER EDWARDS, Asst. Cashier. INTEREST PAID ON SAVINGS DEPOSITS WAY TO SHIP ' ' ' ' For fast freight service from Chica go and Milwaukee see that your goods are routed via the Copper Range in connection with the Chica go, Milwaukee 8c St. Paul railway. Daily through merchandise cars leave Chicago and Milwaukee each even ing, arriving in Copper Country the second morning. T)io Cupper UaiiRo rnllroml hnu nlso lnnnuratcl llio faMcst through frHtfht orvl-o from Detroit, Mich., via tho IVre Marquette, Milwaukee, C, M. & frit. P. and 1'opprr ItanRo, arriving- In tho Copper Country the fourth morning. Kpox liil attention given to tracing nnd rushing delivery of all ship ments. Information nHout ratj delivery nnd train crvlc promptly given. J. T. RENTENBACH, Agent, Houghton, Telephone 402 and 486. E. A. LIVINGSTON, Agent. Hancock, Te'fohono 401. W. A. KELLEY. Agent, Dollar Day, Tctcphono 17-4r. C. L. ROCHE, Agent, Lake Linden, Telephone Lake 0G-3r. G. J. ROSS, Agent, Calumet, Telephone 406. J. E. ROWE, Agent, Laurium, Telephone 423. e oo 44404044 Sturg PHONES 81 AND HI 4 1 warrior