Newspaper Page Text
MONDAY, JANUARY 15, 1812.
THE CALUMET NEWS PAGE SIX ft MINES AND MINING, STOCKS If those few dollars Paine, Webber & Comp'y BANKERS AND BROKERS COPPER QUEEN GETS THE DENN REPORTED THAT IT HAS PUR CHASED CONTROL OF THE SHARES OF DENN-ARIZONA. Brokers' Gossip ;.. T t, . . n has several month! Kn linr with the strike ; . 1 1 r,c , hanm s i s NMNN n tho IshiK-w course It had to art holding f Ca!om this it ia U-en aen that H ha Mra t 1 caxad r"rmJ miW b Hishi i . sad soutr. am i ill gr ond in the Btsbeo ore- I Kditor ; A ng Iron re. ; 1 low n below the fc ArtaatSV and SjveeJ.v showing is or.- ma be j ! the tow n of wes: 'r-'ii! '.fu ll t aire- that Copper Old Dominion. : s,.; .i.i. . s ItougUa : Phelps--Ikmjo & I'd. says v tin iM Ik. ni n- loti The company's output in l!ll whs l..t 25. . " !!... . ..fi . : ,.ra ! .il i I w lit. Ii Mom tin- i Hd 1 o- minion bum I'nitcd Clol.e mines. a vry little custom ore was treated dur ing the ye nr. The remarkable feature of the de vt.opments during Hie part two warn is the depth ,to w hich the MtumUi ii! u liinent extended, and the siao i the ore bodies at a dipth of i v it KiW ft, from ihe surt.c . At the Old iMininion. as elsewhere, ti.e increased qusntitv of concentrat ing and the decreased quantity oi : .mi .'re, point U modifications in i . niimnj s smelling methods lor the future." Wil hv to Go Deep' letiti w U have t- r ttf nui .. '.-: .-.:: ' .: : t; it n wil! fin,: tht :r w he;. P"t s , M-wr far enough This .; -mm -l now 1 .. i he . ' ' : w at r Butts Ballak.ava. It now looks as if the case of the Anaconda Copper Mining Co. against ! - l:.i: i -1 ;.i!,akla-. a Co. n a charge of extracting ore from ground al leged to belong to the former rum .m will We called for hearing at the !'. I.i ii..: i. : in ..i ci j: t hut w heth r it e tried here or in some other part of the ."tale is a question. The w., onginail.v set for hearing in d partmrm two of tho district court. h;;t the Judge of that court was qualified and n few das ago he trans BsWai it to department one. A notice - no U-en filled l the defendant company, the shares of which arc al I ready selling at a premium, that the Lewisohns. owner of the Miami com I puny, which did not enter the com bination, are preparing to increaac ilieir lioldinKN i the til.ilx Hrph.vo"i ilistrtet The confldencv of large hank ing and mining Interests in this dis trict fcj expressed In the heavy Invest ments at the Lewisohns in Miama. the investments which Hsydi n Stoiu K aue in Live oak company until !astl. without douht of the greatest importance, the investments made by Ihe Interest- I. Untitled with the New Inspiration t'onsolidatetl I'oppet t.-m-pauv. including the Amalgamatod-SlarHlai-.I oil group and other banking and financial interests of great powr anj Influence. The Miami company was the pio neer In the district and Is today the farthest advanced, having a developed tonnage of around UO.OOO.rtOO tons of ! SI per cent ore from which It Is pr .lin ing at present approximately : uf,M pount' of refined . opper per month In the announcement that the tlenernl Development cmpunv ha taken an option on the claims of the Itarnev company and would imme cllatelv begin churn drilling operation! seen a further Indication of the con fidence of the Lewisohns In the dis trict. It is understood that the pur chase j rice of this group comprising ilalms l" $oo.i0. he claims ad join those of the Live Oak. now a part of the Inspiration Consolidated, en Ihe west and northwest. Churn . drilling operations over a limited area have disclosed ore of commercial grade. I Lying south of the Itarney group and adjoining the Live Oak land lies tho S.H .lie- IM. : t:i- : n.. p..:i i t.c -(Uiprnent ir the eaah to jarocut- it. m: i. tunc -f oierating it if it were iber It takes u htq. of money to pump : i . :..- h;tm and if ther an douht about it ak the "oU gaard mho kept Calumet ft fftttatsarana gesatg w hile it waa passing thraaagh its slate of deluge. Of course Copter Queen ha the money and if. ::s rumored, it has the control, there :..:ig '.i.k ar 1 th . I . .iiiii-unt to eonsiderabli-. Means Much For Junction. mpapy ...s f..r a change of venue. the reason alleged being that Die de-' ;,ro,H'rtv of tbe Southwestern Miami fendam cmpany could aS aaeura a ; "mpany. having an area of acres fair and imirtial h"urln.T in this! county, owing to the power ami inllu i n e of the Aixa oi da Co. This matter I w ill be first argued w hen the cae is ( .il!d in February. Boston ft Corbin. The new vein encountered on the I Jit fbot level of th- Itostoii ft Cor bin in i nwut 1201. has leen drifted on for 40 feet, showing over I feet of good grade copper ore. and continues To work Denn wll' mean taking the '"'t- 'oe ,, nsrr nn uniting. fr..m htmtiMi .,,,1 rhm I ar Esse rSUSl say. that Indies- shafts of Calumet ft Arizona, and that tlons are ver good at this i.int fr iiev eloping an ore chute of several I hundred feet In length. This new ein n the irK-foot level is a parallel : i to the Itertha vein, and correiiuunds with ihe one which was opened up in " drift, on the :.th levil. and in 73 !rift on Uh 7th level. The crosscut ting r this vein on the lllth level prac iti;.ll h iiionatmtes this isirallei vein Tuolumna. : "" MkUUonal A pth of :,oo feet and The Tuolumne Copper company ii - '": ls mtmMf to the ore vupply in tenteettn a Villi oil the IS"" f'Mit level ''Kut. a few days ago and Is now ilrlftlrrg in v.oijld ho a great relief to these pl;o s And If Ienn opens a log mine then it will Ik certain that will meen an other great mineral boost far JtutcUoo, ci the lands of the latter run almost ( to the Denn sliaft. Junction is opening B great mine, but It is agvagaJ thou sand fci-t away from Oenn. on .i eragitiK ln twe, n :. and f. per c ei.t eopiM-r. The width of the org body Is row nearlv eight tei t a; d i; p eadilv an idening. The ore is pslag. wont to Mm wnsltof. Tuolumne output will 1k In creased to more than double of prcs- D1 ahout I- ehruarv 1. GLOBE MINING DISTRICT. Increased Activity Lawitehna In crtato Holdings. It la significant in connec tion with I the Inspiration Live oak merger In- t the Inspiration Consolidated Copper as compared with I'll for Live Oak. The first drill hole put down on this i ropert disclosed i:.u feet of (,re Iden thal in character and copper content with Live Oak. proving the existence oi the Live Oak ore body on Its lands. A second drill hole Is now being sunk. The interests identified with South M estern Miami are those w hich were conaseto I vvlth the Live Oak company in Its early daya. The stock of this eompanv N listed on the Boston curb and at the present ruling price of 1 14 the entile property has n market val uation of hut $17,-,00fl. including the II assessment payable Jan. If. In v iew ,,f the fact that the LswataSHpl have Bpttowsd the Harney group for whhh occupies a PffsitsT similar to Southwestern Miami, It ap pears ns though the latter property was selling very cheaply on the mai ket. Activity In the Olobe mining dis trict U of no small proportions at pres ent and with the accelernllon which will be given by the operations of the Inspiration Consolidated, the Iewis ohn's In the Harney group and the fact that the first dividend will be paid from the district by Miami com pany In the near future, things will soon be humming. The public Is giving more and more attention to the por phyrles and recent developments an those to come in the Immediate future You are carrying around in your pocket would start a hank account that due dty might make you in dependent or even start you on the roail to wealth. The sooner you begin to a cumulate the more cer tain v 011 a re of success. Don't wait until next week; BEGIN NOW. Call at our Savings Department and ask questions. The First National Bank OF CALUMET MEMBERS Boston Stock Exchange New York Stock Exchange New York Cotton Exchange Chicago Board of Trade BOND DEPARTMENT W. L. Stannard, Manager Calumet Office will have a most important effect on the .lisirnt as u VlaOlc and the ahuies of the c mpanlss operating in it. WOODBRIDGE IS HONORED. 'Canadian Pacific 228 c; ft o n Kris 30 Ot. Nor. Prd IM Cons. Oas 14 1 14 Ainer. l'honc 141 Oircctor Holmes " the bureau of M. K. Ac T 28'4 mines has appointed Dwighi & wood-1 WO, rmctaa PtH brldgo of Oiihilli n apt M aetal Of his ' Nurt hern PscUte Mk bureau! to travel oyer the country lojlf. Y. Central Mf.fi K.ither Information relative to incth- IVniisy Ivunla oils of mining iron ore. The work put IfeopiSf (ii' out for Mr. jToodbrklge, In brief, la p. Reading gather matfrlg1 for an exhaustive and 1 Hock Island iip-to-tlate snschil inilletiu as to iiie,ri. i-aui londitions existinz :i." to iron mliM'S, iu'ethols of mining. lranxMrtatlon, etc. Mr. W.xKlbrldge will he allowed $10 I I'nion racllic .... TtNMMMM v 'opper Southern Pacific . per diem while actually on the work 1 Steel Common in Ill MM in;1, im, lost-, 60 ami a per diem for subsistence other expenses while traveling. and Naw Baltic. New llaltic has struck a lode which is richly mineralized. Steel l'fd 119 Western Cnlon 9V, j L'2H 71 M iw4 141 1H 3 11 l ;- 123 105 IS tf :4'4 1074 167', 38 10!l 66 fi 110 83 CURB STOCK? MARKETS Huston Ths local market opened dull with prices unchanged. Hancock I the greatest activity and held liimty around 33. Cal. Arizona waa a! mi stronger. Itolh markets have Jfjagptd now for several days and It Is al-out time for an dlier upturn. W look f.r conal.lerahle activity and higher prices before the end of the mouth and think 11k- next rally will be of longer duration and will carry prices higher than 1 any time on thl move. I nsti l to I. V. & Co. Bostofl -The market was a very un ItttgrasjtllaS nflair tfom start to llniah. with the tciidcni e to Never tiuotations. There WM nu preure. hut more a lack of bu.viiiK orders. Money contin ues easy and with general conditions as the- are. 1 full to see how there em be an- material drop from current price. I advise imving on a :vale from here. It. L. Hall oC (lav & Sturgls. J, A. Minnear A !o. snv lots&yi In the New York market, slocks vm ic quite generally sold in the early sension under cover of Lehigh and Iteudin;,'. Prloeg eased off with only a partial recovery before the close. I'ncertainty over political matter alone in given as the cause for the price movement, which, as a matter of fact Is nothing but a halting in a quiet bull market, ('upper shun s were weak under the lead of Amalgiima led, which broke 11 point. Ivondon metal quotations were lower but actual Hales of copper are made at no price con cessions. The volume of trading was very Uprht- The local list was some vv hat lower, inicco sold down to $:'Vj. South Lake at $6. Mayflower at $H'j hnd Old Colony at $4'. South Lake may soon call un assessment. The Naunkci'g. a new flotation to take over the property Included In the South QdhsSTi will lc put on the markei in 1 week r two. Old Colony should get some diamond drill news this week. Mayflower has started No. 17 hole iion feet east of No 16. J. A. MINNEAR & GO. BROKERS MARKETS AT A GLANCE NEW YORK MARKET WEAKER. COPPER SHARES LOWER. LOCAL LIST SOLD OFF. NAUNKEAG TO BE FLOATED SOON. Salt Lake, Cobalt and TonopahStocks.Quoted Constantly Calumet, Mich. Laurium Mich. BOSTON STOCKS. The Calumet News Ads Get the Business &. Co., ant! (From Paine, Webbs Gay A 8turgis.) Amalgamated 64 Adventure Alloues i'i Algomah i Arcadian t Mutte & Batik 4 Coalition SI'U "opper ItaiiK. CstanKH At Arizona 61 ai Calumet A Heels 442 Centennial 17 hlno aC', Paly West D MM Btlttl 12-Ts I'ranklln 11 (tinnix 4 ill anli- 35 I Jl eeiie l i Mill 1 hi Haiuock 3.1 '4 lletlley Cold 16 Indiana 1 1 'V Inspiration IOMi Isle Ko.vnle Jl Kerr I -ji 1 Keweenaw Lake 36 Live (ak 40 ',i Ijt Halle .". Mass M4 Miami 1'3 Michigan I Mnhnvvk .11 Mayllower 9 North Nike 6 Ken ada t 'oils North Hutte a Niplssing CVfc 1 ld dominion 46 iMceola 07 Djlliway 5- Hd Colony 4 Parrot 13 Qulncy 74 Ua Consolidated 17 Superior a I tost on 4 ' Superior 27 Shannon 10 Shattuck Tamarack 29 V. B. Mining $5 Ctah Copper W4 t uah Con oli.l.ilcd 10 u toria 4 Winona, 5 Wolverine M Wvandot Ml Mm 26 fj. A. Minneer A Co.) B16 Aiked. , 4 5 6 43 5 23 4 22'i 54 62 443 IS mk 12 12 4 II 8 33 IS 12 4 NM 21 2 1 36 41 '4 5 4 3W 4 6 l! 27 47 10S 6 4 13 71 17 4 2 H', IK 3D 3.V, 55 16' 6 1 III! Algomah M.i -k 240 Kutte Pal k 4 Pohemln 3 Chemung 5 f'hef Cons 66 Col. Cons 25 v 01 tea 1 Chlno 24 Cal. Corbin 13 cl. & Mont S4 Corbin Cop IM Caetua 17 Denn. AMx 1 c.ldlielil C"1IH 4'i (llrotix 4 Hotoii Cop 6 Homestake 8 Hancock 32 IniMaua II Inspiration 10 Keweenaw 14 Kerr Inke 2 Keating Ii Hose 3 Lake Cop 35 L 8. A A 1ax l.lve Oak 40 Miami 24 New Keystone 2 New IMIll . 1 Nipisslng North Lake 6 Oneco 2 old Colonv- 4 Ray Cons 17 Pay Central 17 Shattuck IH Santa Itosnlia J.'.Mid Sup. ft fjbdie If Sup. & Hoston 4 South Lake I Tonopah $ Direct Copper Wire Con necting All Our OPices With Boston and New York Giving Our Customers the Bene fit of Instantaneous Service GAY & STURGIS BANKERS AND BROKERS MEMBERS BOSTON STOCK EXCHANGE 101 Milk Strsst Boston, Mass. Calumet Braaoh: 108 Firth Strsst Phonsa: North Hi:i-8I 4 Roy A. Young, Manager 230 4Vi 3V4 7 .67 .30 1 25 .15 . 3 .!! " 4 i'M 5 no 33 12 10 1 3 2 3 36 41 24 2 IK 6 I 17 .20 HI 6 Itl BIG BONSPIEL AT DULUTH. Northwestern Curling Ass'n Holding Annual Masting. Duluth, Minn., Jan. 15. The week or tho big bonsplel given annually under the ausjdcea of the Northwestern 'url irg Assolation is at hand and for five or six dys the rinks of the Duluth club j will be the magnet of attraction fori Kniglits of the Stane from far and near. The event Is open to all rinks adillaU-d with regularly organized I urllng associations in the I'nited 1 statei end Canada. The entry of the well known clubs of Minnesota, Wisconsin, the Imkotas. upper Michi gan anil various points In t'aiuida as sures sonic keen ami interesting com petition for the rich prizes hung up by the assoi iation. WOLVERINE FIREMEN. The annual meeting of the Wolvcr ine Ure department vvu held last week and '.suited In tlx- eh 1 t urn .,f the fotlooitjaj ofllccrs: ChlefA. H. IIoltenhofT. Assistant chlaf JosSBai ChnteL Seeretarv - J. 11. Saain. Treasurer Joseph 'hatel. NEW YORK 1TOCKI. (From Oay & Sturgia and. Pains, Wsbbsr A Cs.) Amalgamated 64 64 Anaconda 11 S5 Amer. Car 53 62 Looomotlvea 34 33 Smeltera 70 701 "iAIohlaon 105 I ft' II. A ( IS3 l(K II It T 78 73 M era, M mot Lot ATE NTS Prcduot Fort IU.KS for patents. Book on Pate UIUI ntlon NeH"!.'' "Why rtom lnrnlor fail." Ail mint Frrt Snncial I tats of doshidIo bo V- r. toniirnwn r lenn. Send rough akctch or mHe for aearrh of Pate'lt Omre record. borat ranraaanlattys In : ( Hie and Towns Mir air fliwkT mm fiirmfrlv Artinir CnRiml otiar of Pat-nts snl a n'.ich had fi'ircnarge of St. i'ati ,t Office UREFI.KT Mr Met ataat mi.. 1 1- Wafitna;inn WILL REPEAT CANTATA. The sacred cantata, "The Star ol Promise," which was Ho excellently rendered by the choir of the Norweg ian Lutheran church ;i few weeks ago, will lie repeated by request next Sun day evening The CSJItStS will he pn -Rented under the direction ot Miss Mlldrid Itomsdahl and a special re hearsal Sf all who participated aylU .c held on Wednesday evening It i.- expected the rendition will be a highly successful one. Absolute Protection at Moderate Cost Wh: run the great risk of leaving vour jewels, tllvervvare. bonds, seciiritlcs and other al ua.bhs aliout your Jiousc or of Jhiv when for a very small sum Oil can rent a Safe lep it Box In our Fire ami Hurglar Prrsif Vault and bo Absolutely Protected? Oafs Depos't Boxss to Rent $2.00 and up psr yesr "4 CALUMET STATE BANK CALUMET, MICH. Geographical Glee Milwaukee, to the ftmnysmlth, la hut ons vat of beer; Chicago la ths windy wiOAL NOTICES. 5. Jan. 15. lj. 29: Fob STATE OF MICHIGAN, Ths probata court for ths County rf Houghton. burg, with lotg cf stmoapbere; Sioux At a aeaslon of said Court, hsld. at Falls, aa the divorcee s Joy, long sines I the probate office In ths viilngo of anil Hrooklyn, to thSI Iffmnhtoli. In anl.l eo.mtv tha attained renown humorist. Is baby carriage town Great Itrltaln has seven and three quarter millions of dwelling houses. county, on A. I). 1912. Geo. C. Bent ley. CLASSIFIED ADS FOrf RErlTT- FOH RENT Twii 7 -room hmises In BollnMtl addition and 4 rooms on lrofuoln street, upstairs. One steam lic.lt. d fi-ldom oil Sill street Apply Ldward Nelson, I'loiic fiat-,. 17 FOR SALE FOM SAIJI Itange. heater and house hold lurnlture. I4A Willow avenue. Laurium. 17 LOST. .:..:..:.....:..:....:..:...:...-..:..:.....:..:..:..:..;. . THE NEW YEAR STARTS NEW SERIES. 4 NORTHERN MICHIGAN BLDG LOAN ASS'N. FAUCETT BROS. A OUCK, f as 3T 8EC VS. : AVTI'li Hoi,sckeei...i fHf-f-:f'fH-l''W- Kenrssrfe St.. Laurium. LOST Burn h of keys on ring. Tinder please return to News office. LOST AND FOUND. K( I N I) -Sterling silver cigar case and holder, owner call at News ofllce. 15 HFLR WANTED FEMALE. ppl. IIS II 8th day of January l Treaent: Hon. I Judge of rrobats. In the RMttar of the estate of Thom as Wa le, deceased. John Wade, executor httvlng Hied, ! IB s"iil court his petition nravinc thai the tlmn for the presentation of ' laiuia against said estate be limited anil thai UmI and place be appoint ed to receive, examine and adjuat all claims and demands against aald de 1 by and before said court It is Ordered. That four months from this date be allowed for creditors to present claims against said estate. It is FUrthSI 1 ml. red, That the 16th day of May, 1&12. at ten o'clock in the forenoon, at aald probate office, be and la hereby appointed for exam ination and adjustment of all claims and demands against aald deceaaed. and thai notice thereof be given by publication once each week, for three rawanahrt week- previous to ssld day of hearing In The Calumet Newa, newspaper printed and circulated In MM ounty. (Ssal) GEO. C. PKNTLBT. Judge of Probata A true copy. Llllaa O Mitchell, Realater of Probata. El F. Letlendre, , " " Attorney for Ftate. V j Jlualiiosa Address: laurium, Michigan.