Newspaper Page Text
MONDAY, APRIL 27, 1914.
PAGE TWO Gossip of Market and Mines by Minnear & Co. General View of Tuxpan. Mexico Houghton Department THE CALUMET NEWS LASALLE FIRST SHIP IN PORT With Boat's Arrival Navigation Officially Opens Tin' toil navigation aeaaon opened laal evening hen the siiimtT I. a Belt portage lako wBb a ar- gQ ,, i,.r i , Vim mien I npmjr Thai UiSall" Is the first ,..in vessel l enter copper woualff porta tfcta season :iul her arrival In Houahtea but evoking wan gyaatad wall wh.silcs ami aulutes. Tin -ti-.imi t Luzon is enroute limn liulTalo anil la e.xpe. led to arrive at un Maw 'iii' lak "i the Van baton office bava been lagnraaod thai me .vi.amt r Pane) arlU sail from Buffule Ma) 1 fat PH4ngB lake ami will prob aM) an iv a hoe May i or . Manager Crfela of tba Peoga I'm i oompan) of Hancock announoea ihui Hi.- Bttaitr LeBette la onroaio to Poo tan lab with a cargo of coal tnd ottl probabl) arrive ben within the neat few da. The :ce on Um lake la now entire!) cleared awaj aad ra porta from Ua Baa Btat by the aad at Um ..k ships will ba OMO t wail wltln.nl fear ot etwounterlna too, Tin- i-apteln t tba i.asuiie Btetd t!,.n no .mil. nitv wa experienced nith ha 'flaldn ami da belie thai ifoaeeta will ba sailing without danger from no on. CAST NAMED FOR PLAY. High School Graduates Will Prasent The Cab.net Minister." Th.- Iftl .lass at the Houghton high at h.M.i will present Tho titi t Min ister'" in the Kerredue theater Mav ft, Regular rehearsals fr the BOOductlen ate l.eniK held ilailv The pluv 1 a f n..l written Arthur w. Ptaoro, oho aaaa wrote oeeeeal al the plays .r.xlm wil liv t't'nin.'i graduating i laaaa af baa local high orhool. Mr and ofm, - U, Kitamlller en drilling the anal in their respective isirts and report excellent pi ..! .-.- The i asl haw heen selected a fi M P Al.ha Mai ! w if t heir Dnua- daughtei ila.lv BUTTERS LUMBER CO. FAILS. Receiver Appointed for Concern by Circuit Judge O'Brien. in i ne ajbadpi count etn "it .'Min t at L'Anea ataMai afternoon. Judge lar. n ii. itne.1 Charles it. Dana f Detroit and Chartaa W. Cataa ol Walla as i... .'i -rs uf the Marshall K. liiit- t-t Lnaaaof ooaapany. Tii- ptoaivwa veie appolntad oa paUtlam f the Union Truai copaay of jietn.it aa a fornaallty la connoctlon vlth the Hiiit at the Cnton Trust ..m pnny et al v m. the Marshall I'. Mutters I Mlltur t. imp. iiiv. hr.nmht t. aotlafy lanns tor dafaaltad payaaosto .Mr. J Minn in an ntlirer ..I th I'ni.in Trust t-iimpuny and Sir. fates is a 1Ik itor of the Button company, Th.- Maiahall P. Button Lumbar conapaajr. of arhlcb Ifanhall P. But ters of LudinKt..ii. this state is the h. 1. 1, wuk onjantoad In July. 1912, and it has araetad modi ra mill at L'Anoc and lor a time la th fall "t IMS cut pome lumher. Than Internal troubles In tha company anaa and arjtb them thO litiKatmn that has raaUltOd in the pn ent aittiath-t'. The ultimate fata ot th.. aaMfUtB) is pcnblcmaUcal. Th- company w..s rapitaHoTil at .".)' rommnn and isoa.oaa prafar rod sto. k ani v.s authorlaad to bono t-'.ndu in th.- sum '.f II.MMH, of which $'J)0.0iii was issued. The people Df L'Anse limit high hopes -m tha pmoporitj thai 'his tda lunhet .-: t.-rpfise would lrins the vil- )au-. and Muite boom baa boon an than or tha past two room There is r.o eartalaty thai th- boom arm not last as the mill plant is there ami the ompany s timber landa also, though the litigation undoubtedly will halt the matter for a time. County lerk Kaiser this morning Issued a mar? iae hi ense to Klis Tuoti mar and Miss Buprooyne Kolvlata of ii iirium. Charlaa D. Bnnton of Chicnjo is v isiting in Ifoughton. Mr Jullpn Twoml Lev ,ne. Lady Twoaahley, H tt. I'.n.oke Twomhlev las ' i ian. laaoajen, their BtroaaL i low. r-.-r. i '.. unless ,.f Drunaturtla Maraarei Raaanf Laid) Kuphetnia 'ivart. her teuah tOf M.idte.l ywis. Karl ' i Druaadurrla Qaoraa March on. Countaaa a Draaadurrla Dorolhy l-eisk. is -oimi AI.erl.rothock. their Ban John Bttaay. Lad) Ma. phai! F'lois M. t'terv . Macphall of Ballochaavln, her son Arthur Daly, ValantbM white. Lady TwaaaMoy'i nephew William .Miilu. H.-ii. Mis fJayiuatn, tndlni as .Maurn ette at 'ie Fran, is Ihlli.n Mr, Joseph I abonan Ftarmrrril 'hv no wot h, Mr. Mellon Rd M.instiehl. Th.- M unlttrfc It Chariot! hell. Prnbyn - Wlndaoa bto) la, aiik. la Marjorie Laa is. 'amp LECTURE IS CNJOYED. Illustrated Talk on Panama Can;.! Please Large Aad ence. The lecture alvan bj John T. Roeder of Root Rouffhtoti al ih Houghl in public llhrar) yaaterdaj afternoon was n Joyed i.v a luiK- ludien -. The I -tun was llluat rated with illdei own I b Mr Reader, which aan made from photoanpha taken :. him ahlta In th- a nal .one. Another lecture will ih'en aoon. the afliciala ..r the llhrar) hav ing decided to continue ihe ktaa f having a tectum pa Sunday Hfternaona by local men, SAWMILL WILL RESUME. 4.CC3.CC0 Feet cf Logs to Be Cut at Ontonagon. With ahOUt lour million feet of logH wait inn to ba I Ut, the sawmill owned by John Haui.- and located in Onto BJLfJjon, will atari Ita summer's run this week. The mill was purchased s.-v.-imI months aojo ami has he.-n thorouably overbauied and rebuilt. Beveral of tha machinn have been replaced and tho hod.-rs have heen reset, tile ar lies and .onihustioii ihamheis mad. u'.ordlnfc lo spe.-itlcat mux of tin- l.es l authorities "it ...mhustion. so that there Is little dottbl hut that the battOT) "f hoilets win aiva ample ateam for ail purpnoea. Last week In- has or. . ted two laiye smoke atacka, The) an about eiitn- t-!ive te.-t .11 hOiCht, The enutlie has heen placed oil ;i el,, i.-t. foundation and th.- rilda n ph I. Mi. Hawlev has put in a nc. canlaM and a new e.lger. as well as new corivayon ami a aara arhon ever needed, so that it is expected the mill will give food account of itaalf, TO IRON RIVER IN MAY. Class of Students From M. C. M. To Make Trip. Prof, r w sp.rr of the Cotton of Mines ,, Houghton was in the distri ' thl : I "part of the Week. illTanaillK f"l 'he .tniiii. i! visit of a class of vo.ing aiinini) rnatnoen who vviil ba her.- for hev.-ral w.-.-ks, sii.vs the Iron River Reporter, They win visit the under around aorkinaa af the mines, taklna meaauremnta levels - m fact win do tiu regular work of mining enojlnoem, Thi- pnctleal or orb in min.ng engl - it l ie. I out ev erv v ear hv KtUdontl nuii the CotfaaBj Of Mines .mil i.i e of th boat lessons the be) - "i rei eivo. in this wav t hoy not DDI) are Li'.en the thOOWtcnl - 1 ot mlninx enaiaocrina 'mi aloo th practical lie welL The 'lass will ie - tome llmo next month. TICKETS FOR ORATORIO. I'.e uUSe of the i'lleresl manifested bj port e Lak i ntuolc iovora in the ' tail ii . i., i... rendered in th Calumet a (tuard armor) aoxi Monda eveolna ' th tntumoi blah ochool borua of 2."fl vohraa under tin- dire -lion f Mi Mttdnd Ronmdnhl, ar runaementi bava bean made tor a . -Hon of aeota I i ba set aside for tha Portagi Lak ntinaent. These aeati tna) he reserve. 1. 1 the I 'o I look and Mualc -i in . in Itouabton, Mm 7 CVv O ksd Hit AAyW cr- C-o rvi THE WESTERN UNION TELEGRAPH CO. Ttlmphon or call at any office for rata. a I t ' r Photo by Anvartcan Press Association. TrPA.N once win a populous Indian town. Many of the present Inhab itants are deacendanta of the Astec. nnd they retain nut a few of their vicious attrltiutea. The region roundabout la fertile, and BOOM of the Luore lnduatrlouB Indiana posaeaa Lu.Icu.1ub stocked with ctittla Lake Linden-Hubbell AGED RESIDENT PASSES. Mrs. Louise Chockmdlcr, Octogenar ian, Succumbs to Long Illness. The death ....tired yesterday after noon at iikc Undkm "t Mra. i.ouise Chock ml Iter, asad raaMaM al Torch l-iike for m.ue than thirty year a, Ailments attamUna old age an Kivetl as the .ause of the death. The fotlowlnd children survive; 'Mrs. John TMIL U'ltte. Mont.: Mrs. Jaioh RcbllchOff I-ike Linden; Alra. 001 Loonard, Point Mills; Mn, Tony Pnnfca, Kancock; Miss Mary at home: John of tlutte. .Mont.; and ITank of Milwaukee. l-'unerul at i anneinents have not been completed. Little Child Passes. The year-ol, na of Mi. and Mra. Iv.i f allHif Ih died vestei.lay after noon. The funeral likely will be held from the resilience tomorrow- after- n. MtSSION AT HOLY ROSARY. R. v . Pro. RkOtl and Theunte. Io- minksaa arioata of MlnnoapoHa, wh have 4ieen conducting a mission at St. Cecella'a church at Hubhell for tho l ast Week. vi'Slt-nlaV opened spe. I ll services at Holy IJosatV church. The service will continue through the week with meetings al I ami s a, m. and T: tn p. m. TO STAGE PLAY TUESDAY Mem ban af st. jooeph'a Dnmntic chah will aaafja thna-ai t fane, "The Noble i ititcaKt," in St Joseph's hall tomorrow evening. Ifenbn af the ast have heen r.-hearsuu for the pro duction iiur.ing the paal Btontha ami thev hav,- ataty aMaatond their pails. -I i r 5 v LAKE LINDEN BREVITIES. Lama I. in. ten kadga of Odd Pol low will olis.rve pe nin.-t -lifth anniver- aary of the founding of th order, with appropriate exercises this evening. MoRVber and their families hav ban inv ited. Ted Vlnconti Minora I Range brako men, has gong In Chicago, Mem ban of St. jean do Bnptlat win attend a renting of the Laurium bra neb I'll. lay evening. Deputy Revenue Collector J. R. Ma. -donahl has returned from a brief visit in th.. iron country. Torch Lab village officials have Riv en notice that btoycle I I'lers must keep Off the sidewalks and marshals of Iaaa Linden and Bttfabell declan they will enforce the oMtnance whmh pro hlbtta this piactice. SUPERIOR TRAMMER KILLED. Frank Cotes 23 Years of Age, Meets Death by a Fall. l-'runk Cutesy agakd M vt-ars, a tram in'' ut the Superior mine, was in stantly kiii.-d Saturday night by fall ing into a mill through which he was shoveling rock, tin- rock bury htm. Tha deceaaed was a Hungarian ami has heen in the cop par .oiintrv hut a short line. He has m. relatives in this dis trict as far as 'an he learned. Ship Remains Here. The remains ..r Miss Kleatmr Tre w.iitha. the IT-v. ir-old daughter of Mr. and Airs. Saturn! Trewai'ha of Dnluth, arrived in Houghton yester day. Rev. Dr. Rankin of the Grace M. k. chart h oi Roughtoa will conduct the funeral aarvicoa at o'oloch to morrow afternoon from the Krellwlta cimpei. Intat agent win he in PoreM Hill. FOR GOOD WILL FARM. Miss Mary Hall, ''nan lal agam of the 11. ughton i I Will h (in. and ain. Hattie Rice, are in the cltr on itter pertaining i" the welfare of Hood win farm, snvs the Iron Moan lain Trihune-Oaxette While In the ! i h. win mnke a canvaaa for I I in h.i!n in nromotlna and main talning the noble work that la being a- - nmpltehad at that institution. ;. . .;. .. .. .. . ,J . v HOUGHTON BREVITIES. vi m era ..r th. Houghton village council met this afternoon for the i mfirrlng on ftonaar kondq. M. vi- iiheita, Italian agitator for the Wcaterp l .-di ration of Miners, left Hal r lav for i tenver, ?go. CittUde I'o.cei and leMMing Karer have gone o Chlcavgo on a abort intsi neca trip. Pin C i 'f 'oeis. h aapacta t ko thla Hwab t" lehperaing to arrange for riuarten for the Houghton etremau at li ding the in .-men's tournament In i ial ity during1 tli' eating summer. THREE COMPARTMENT SHAFT TO BE BUILT IN THE EAST BUTTE. Tin Kast Butte I'opper Mining com pany's annual report issued hy Pre i - .li nt it. h Qrooq of Boeton some dava gJO slates that, ahonl June I. a Stall will he made In currviiiM the three i Ulllmf laai slmfl down to a depth CM , 0g f.. t. I luring Ihe past v.- u I large amount of dsrkfpment work has heen done and the or.. legarVOJ COn sidarably baavaaaae). Laat year over gfl,aM tons of ore were hoist. -.1 from the company's mine and treated at tba 'oinpaiiv's plant. Tin- average ,,. i .I mialng par ma was $:..n. iim to the Kieat lost developtmnt wck The report states that almost as much "tistom ore was tieated it tba smelter as conapnnv ore. a Ian parttog "f the custom on coming from the nun. -Alex H.ott property. N'.-w Y"ik private Bel I Btudeufa v,j! ,i,,v he permlKe.l I., enter puh He high acheota without examinations BROKERS' GOSSIP Utah Copper. The Utah Copper company during th.- year ending iec. fist mad.- net profit after chnrgaa equal to og.11 per share, galntl IS.Sk previous year. Greene Cananea. A tekagram i elved from the gener ai manager of flnegg Cananea save: "The plant is in operation. The tnan- ager arlll he allnaed use his dlacre Hon as to operation, JJuat bow loiui the plant will c utintie t.. n, operated is Hot eel tain. Work lliav he suspend ed at anv time.'' Granby. I'ri-si.ient KIcboHg af the Qranby sav s: "KverythiiiK at iiranliy continues of most gratifying natun ami i kmaa nothing ' wan. nit anv uneasiness on the pari ot stockholders. It is the intention of directors so far as I know to declare a regUbW dividend of $...0 at the mooting next aaonth, barring; of course, the ii nl'ot eseell." Granby. A special meeting of ftranby has heen called for May ttth l" authori.e directors to hoiiovv, raise ami secure ti e nPOymeni rd! monies for the pur pose of the company in BUCh amounts, manner and upon such term.-, and con dltions as thev ih termine. provided the total amount other than b) issue of its shines or firs i tnortafage six percent Kohl bonds shall not at anv tun. ex ceed the sum of $.1,000,11011. The hooks dose Mil) 1. and i .-open May Nth. Franklin. Franklin eloaqd the year lffj with JiiMI.L'i;.", e. . ss of hahllllles over UI -nnl assels. The ...mpany Was hollow ing $17."..iM'i on notes, there being Ml ntnaining unpaid an account of assessmeiu So. .'. Purine, the year in.- coaapany hoisted Lt?fMI tons of roafe ami si, imped uj.it'.i ton, arhlcb yielded. I.UJI.H1 Hiimds of CQBJgqr, an average Dl Lcaa than nine pounds per ten. PTodUctlva operations were ra atrkated during the early portion of tha year hy a ecarcltf of trammers, and suspended completely gg the strike ot Iike Superior miners wlm h oucttrred on July j:t, fg Pnaldeni DsVnatdg states thai work on the exploratory qrogetUi Horn the Mnd level, stalled about a vear Bgja. whs recently resumed and driven on through th,. AttoUO! eollKlometate. This is a wide lode and it shows a remarkahle in. tease in copper contents from what ii carried in the upper lev els. Two samples of several tons ea h were taken from this lode on th,- fnd level. BWi on,. ,,f ih.ni, gy assav. was found t main ,11.x and the other : J POVnds of metallic anpgni pet toii 11 i Undent I that a mill test lias oi on aaade on iJkfg tons ..r rocg fraga mis iniii- a ii. i that it yielded aOoul '0 l.oands ot tanned copper to (he ton. This is Ufiebmt io constitute a Muddy piofttahle mining proposition. Washington will entertain. Otgrtlng Mav I, the sessions of (he I'l esh.ler lan K.-iiPnil aaseiuhlv . CAPITAL INVESTMENTS IN MEXICO The ' foiinnerce and finance, ' a reliable llnam i d period ical of ' w York, has printed the following: Mac i i. an Inrattgatnil in .Mexmo aKgregute LN?,?Tt, 1 Railroad stocks and bonds make up Idtt.ttoo.ouii of this to tal Mines and smelters cine second with a total of J.'4i, oon.OlHi. i if Mexico's federal honda Americans can y $.".J.- ii in the oil industry the American holdltiBB are $1-V inni.nl nd in the ruhher husiness, f I ."..(KUi.uini. The ,rin- ,ipal (1. i .. it m. ut stoles of Mexico I'itv, l i uadala j.. I a ami several other Mexican cities are Ann in an owned, and the pun. ipal drug stores of the nution have American piop rieton. Tba largest soap factory in the republic is own id hy an American and so is the largest shoe factory. i if the mines and smelters owned by Americans, most of thOMI ate in the terr tory now controlled hy the CoaetltU ttonaiiata. Neatly lit: L1 -U per cent of the Ainerican iiiv.st ments in railroads are In tionds. one of the .ineer features in naBOOi t Mexico's linlns trlal di-vi lopmeiit is that while Americans are res onsHde for the most wonderful hydro-electric plant in the republic itli.it at Vexaca) and for the electric light, power ami elec tric attract railway ayatam of Mexico City ami some other Mexican 'ities, th.- project nave financed wholly hy Hritish and French hankers through the Pearson- Fal'iiihar h.vndi- cate." NORTH BUTTE The annual report of this OOmpaay fe lie. Is all increase Of 1 lit, (MM pounds in the production of refined copper in till as compared with the previous yenr. The eompaay'a OUtpUl was L's. : I s :!.'! pounds, which was prodUOOd at a cost of 1,71 cents per pound, after dOdUl tillK the precious metal values whn h amounted to II. p;:: . .-tits per pound. This ..st is a little higher than the previous pear when copper was made for ,J cents per pound. Notnithatnndlni ihe material increase iii production the increase in en shipments was only It, tons. This was due to the fact ihni t.lj Of the ore shipped this vear was lirst -class, whereas in Hit, 10. T',, was of this grade. The totAl m i earhmga of the conn any during the past vear w. re 11,437,777, .r 3.Ii a shale on the present OUt standini; stock, not including anv pavnn nts on the addition al property serin..!. These total earning were $t; 17,000 In egCeoa of divldenda. Dining the past year MI,004 were pent in acquiring additional pronerty. s. that the quick aai is of the company were reduced a iproxima u-l v 270tOOO. While th.- company is borrowing 1433,004 more tins year than last vear. the copper ami silver inventory shows an increase of J!i4t!,000. The Granite Mountain shaft was deepened an addition al ',',' f.-et during the year lilt, ami sine, tin- farat of the vear a further depth Of 21 feet has been made, and the shaft is now timbered down lo feet helow the 3,000 level. Sinking will l- completed during the present month JIS it is the int. ntlon 10 sink a sump BfftOUt 4" fOOt helow the J.oi'O station. This shaft is now connected with the Speculator arorkinga mi eight levels, stations completed on four l vels ggd par liaily on ..nc other ,so this shaft is ready to start immediate production as soon as the hpiOtlng angina has been in stalled. It evidently was an effort to keep the Spe. ulalor shaft opened during the past year as the continual shifting of the ground has made it necessary to make freqUOnl re pairs, hut it is BX pg ted this shaft can he kept opc-m d until the latter part of the BUOUner when the Qranita Mountain haft .Hid lioist w ill he readv for duty. According to General Manager Pope, the ore reserve of the COtnpanj on January 1. 1114, was at the same figure as ii was on January 1, ifif, Aococding to the quarterly report, whi.h was received vest. Ida-, with dividend checks. IL'0,14.", tuna uf Ule Were mine.i during the hist quarter f thla year and thai baa not diminished the nearvoa, for the Ben openinga have gonaen Btrated like amount. While no mention was made gg to developments on the J, sun either in the annual or qnartefi) reports, the L',.00 and 1,400 levels on thd Snow at ill. Kdith Mav arid Adirondack veins, according to the reports, con tinue to produce or.- averaging from 44 to While boob of the voina are quite narrow, averaging only from ty to I fe.-t wide, it is high gran or.-. Faulting was very notice aide on the Snowhall to the east on BeVeTBl levels, although when the vein lo found In place, it la proven of tha average width and value. Th.- production for the Drat quarter of nut showed a fall Ing "if from the average for the past year, being only ,172, ' M lioiinds of upper. North Untie has so. and additional property in the Unite Fust Side mineral district. All the property which the companv expect to y. t has not heen acquired, so no de scription of this new property has he.-n given. WEST END CONSOLIDATED OfBclal earnings for the month of Mar. h for this companv have not heen Kiv.-n. although cartful estimates place the month's camiiias at approximately ::.x.iino. Mlllins. was In terfered with for g period ..I 1', .lavs during the .resent month Oaring to an accident at the mill. Repairs have boeg made and everything is now running smoothly. in proeecuUng aaaaa goek above th 100 level in an affort fo eeeum data which will he used in the litigation with the Jim Btttler, West Bad opened up a hody of ,,re ftr.m 1.". to 10 feet U Id, and lime is satln u m ,,re In siKht to keep the mill in contlhuoua npentien, notnittunan4lng the injunction has tied iij. one .,f the company's prim ipal ore 1, miles. The Jim Mullet -West BUi litiKation is prOOOOdlng slowly, and it la deplorahbi mat some amioabl agteamaai eaabnvi lie reached, as invaliahly the losing party in a suit or this nature will appeal the CUM to higher "ourts, which means lm. .si er.dhss expense, and does a serious injury to the amp, for inv. stots are always foQjfful of the possihillties of other comanies gettinjc int.. like enta nuletnents. TONOPAH BELMONT This . .mpanv earned llltdlll dm. in; the month of M.im Ii, rdlng to eftWIal nguna lust issued. This sum is $-h. 1 1 In .Mess of the amount (...puicd to maintain the .uar terly dishiitsein.-nts. allhoUKh the excess Is halillv sulli. lent to maintain th,- If ,iiattcily extra dividend which the ' Ogapani has paid Ther. were milled gBjMggJ th.. month of March i:.,J!M tons Of ore, an increase of t.t'.io tons over the IVLruary gg. arad, ajthogigb the proflu pj the igmpanj ahonad a ia leas. ,,r i,iej rreog Pal raary. ITOr.OPAH MINING Huiiiig the month of Mar.h. this company earned $47,r.7o , In ex- ess id the profits for the preceding month. Thla was j '' '"i'ely to the higher grade of ore handled, which show -I "I at, averaue value of l!i.7:, pgr log in March, or I1..V, gag ton hinder than the average ore handled In Fehruary. In the annual report, the estimated value of tl re re- heing received at. v .-i v encouraging. It means that ul timately the old companv will have a higher llOjUldating v aim- t hau was i st limited. The repoi t hjegg the mill shows that fewer stamps are now in operation, only ninety-one ..tit of the hundred belli; used, although this month's earning should almost e.piai those tor March as the Made gf ore handled is a.l.ont of tin san.e value NEW CORNELIA , The water piohleni, which has alwaya lieen considei,., tin- graataal okotael in bringing abaaH low costs, has been solved, so we have heen informed. As tlie counlry close to the property was comparatively dry, the company w.m to a point BjbOUt six. miles distant and put down two OhUrU drill holes, in I he hopes of developing a w ater supply, and in this thev were successful, as a Strata of water was de veloped in the I i mi hole at a depth uf BfeOUl BBf f-et ThflOO in o barge, thinking the volume of water not giajgbagnti con tinued grilling i" nepib of 1,100 feet without any further atirpeaa. a aecond hoi., was put down, and it showed erect!' rally the same results. Then it was decided to test tha Hon) uf vvatd that had heen cue. m :il el ed at the fdJ0fuol point. This was accomplished hy an air pump. This pump was operand in oapacitjf for a ported of ten days, which ueenonatratad that a aupply of wapar sutiicu-nt far all needs .an he developed. A shaft is now being Put down at this lOCatioH and it is expected it will he hottoined at a depth of IM let. where a station will he cut for putting ill pumps. A lira' gatkMI pump, which has heen used at the OUver abaft or the Calumel & Artatma. vviii be uaed at tins point to pump ihe wat.-r u. the mill. It Is though; at tins willing that a vvate-r supply or 4M gallons a minute will he ni.u.i than ade. piate for all needs. Bxp rlmenis continue to he carried on in an endeavor to And out what method will he most economical as well ,,s make the h. st recovery, line method has heen perfected by which the Company can produce copper at a cost of nine ' ant s a pound. Another experiment is being conducted on a leaching proeeea t tin- us.- of sulphuric acid. The copper in the on would he dissolved hv sulphuric acid this solution run into tanks, and the copper then deposited on a cathode hy otec triclty, tins opeiaii.ui liberating ihe sulphuric acid arhlcb could he used over BgBlg, If this method tiovv being Worked out is as gnOl a hii. .i"i mi a large scale as it shows in the tests, it will mean a laving of two cents a pound additional, which agould bring the . oat down to around seven cents In order to more thor oughly test this pto. . ss, a standard 1,000 ton unit is ROW h.ine bull! and a complete test will he made. The BOOM aarj machinery has been ordered ami no delays me aspect d. If this plant is found to w.nk out all right, a 1,000 to plant will undoubtedly he erected along the same lines. 'Ihe .sulphide ores will he handled hv the dotation pro cess. I STEWART MINING COMPANY Wo .-.,( it from relia1.li- sources that events are likely to transpire in the very near future which should produce ., favorable effect on the market price of tins security. Th.- same sources advise us that the .stock is selling way he low its intrinsic value. A light between the Assets Realization company and the Heinae interests is reeponemle for the low quotations be ing made for the slock, hut certain dans are on foot toward an ami' aide BOttk BIQUt It seems that Heinae Interest have borrowed from the Stewart Mining companv 1 110,000, The dine ton of the latter company suggested the .ailing of the loan and the paying of a dividend; in fact, a dividend Was declared, hut the Heinze interests Obtained an Injunc tion forbidding the payment of tins dividend. As the , ompany has 1700,000 in Ihe treasury and 1. shares issued, the payment of a t.-n-cenl dividend would in no w ise interfere Willi economical operation of the propel tv. It is a silver-lead proposition and located in the Coeur d 'Al one district, Idaho, and the stock has sold considerably above 3 per share. The tieasuiy halame is eipial to sixlv cents a share, and the company has two v ears' ore reserve Mookd out on its present rate of production. inning the month of February, the net Bfoftta af the ompany w.re $112,000 from a production of 1,000 tons of ore. These earnings alone would be nearly sufficient to male- the ten-cent distribution. The market for this issue is around $1, bid, $P asked. NEW ARCADIAN This company's COO foot crosscut has entered the gear amygdaloid vein lirst encountered at 70 feet and has found a goad grade of stamp copper for the ten feet for which the formation has been Opened. The footwull has not yet Beet) reached. The driving of this 150 foot crosscut was one id the r.istest pieces of mining work ever accomplished in the district. The drift on the vein at 7T.0 reet h as travel Bed a distance or 200 feet, teg feet of this length allowing good copper. The rich ground opened In the north drift last Fri day continued through the week up to yeaterday when a turn in the vein left the drift out of high grade material. This has aeoegfgi several times, hut the twist has been eas ily solved in each instance and the good copper entered again. The south drift was looking particularly good the latter put of the week. The vein will lie opened exten sively at fiOO feet at once and Binkinjf of the shaft t BN feet for the driving of another crosscut probably will he commenced early In May. The finding of copper rock of good grade hy the gf root crosscut, with the evidence it giVOg of a well-delined, permanent vein; enrrylng excellent u pper values, is a highly ericouragiiiK development which BnXkaa 1 utlook for the property brighter than ever before In its history. At the engineers' counsel, development of the vein in the NOW Baltk) territory will not he undertaken until all possible, indications of conditions in that property are furnished by the cuntlnuath n of New Arcadian's work. Knounh light should he shed in the course of two months, tt la believed, to permit of Intelligently attacking the vein In the New ftaltic land. WINONA This company counta on increasing; its present daily i '' k tonnage id TOO up to L000 within the next six weeks. All the labor lagtrtd la ut hand and all that can be employed for a long period is available. The force now numbers MO men There are about :r, former strikers at Winona for whom places have not yet been found. Stuping was resumed M" w ' l the 1.1th. 14th and 15th levels. This work win stopped when the strike broke out and nt that time these openings were turning out the best rock in the mine. Work will be pressed there because the company needs the cop per nt lids time. The management, counta on showing a fair profit f'-r Mav operations. e, v was phi, ed at $14.3.1 pet ton, no thut the prevent value Continued on 7th Page, Cola. 5, 0, 7.