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The Calumet news. [volume] (Calumet, Mich.) 1907-1938, January 15, 1912, Image 6

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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.

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