Newspaper Page Text
Thursday, March 3, 1910.
Page Four alley Lum Telephone Opposite Arizona Eastern Main 328 Railway Offices P. O. Box J 1389 SOUTH BROAD ST. CAN SAVE CONTRACTORS MONEY ON BRIDGING AND FRAMES. CAN ALSO SAVE MONEY ON MISSION FURNITURE DAIL AltlZONA SILVER BELT and Planing 1 '.." "'I "I. -- - ---J- -- Mining and Financial News 11 IS 10 Prices Reached Highest Level Since Recent Recessions NEW YORK, March 2. Prices of stocks roso today to tlio highest lovel vet touched on recovery from tho se vere dccliuo which sot in lifter tho first of tho year. Tho obstinate short in terest was driven to cover, and tho buy ing thus necessitated was nn important factor in lifting prices. Tho movement against tho shorts' Showed ovidonco of organization and possession of largo re sources and also tho employment of tho Usual methods to push tho price movo ment. Bonds irregular. Total sales $2,500, 000. United States bonds unchanged. METAL QUOTATIONS NEW YORK, March" 2. Tho market for standard eopnor on tho New York metal oxchnngo was firmer with spot at 13.10 to 13.30; March and April, 13.10 to 13.33; May, 13.12 Vi to 13.37&; June, 13.17H- to 13.-10. Lake copper, 13.50 to 13.75; electrolytic, 13.25 to 13.50; casting 13.00 to 13.25. Tin steady, with spot 32.52Vj to 32.82Vj; March, 32.40 to 32.07; April, 32.50 to 32.80; May and June, 32.50 to 32.85. end quiet with spot 4.00 in Now York mid 4.42V. to 4.47 in East St. Louis. Spelter steady with spot 5.G5to 5.90 j in Now lorK anil o.ou ro u.uu in -r.asi-St. Louis. Silver 50; Mexicans 44. QUOTATIONS I By FRANK J. GRAF Thero was a decided improvement in tho New York market today and it looks as if tho worst was ovor for n while. Nearly tho entire list showed gains over yesterday, especially " tho railroads. Now York Central, South ern and Union Pacific, St. Paul and "Rock Island wore tho primo movers. Si'ccl, com., showed excellent strpngth, with strong buying. Tho sales were the heaviest for somo time. Tho Boston markets felt tho impetus pf tho New York stocks, especially tho Colo-Rynn stocks, Amalgamated, Ana conda, North Butte, Butto Coalition and Calumet & A'rizona were all strong. Osceola and Lako showed a threo point ga.in. tho curbs Bhowcd no change, drat will feci tho effect sooner or later. Tho ad vance of London copper of tho past few days has had much to do with tho stronger undertono and wo look for a better market for copper stocks for n while at least, and the curbs will soon movo with tho balanco of tho list. New York Close American Smelters 81.87 Frank J. Graf Broker TRUST BUILDING, GLOBE, ARIZ. Sultan & Wayne MINING ENGINEERS Globe Hoc. Light & Power Bldg. P. O. BOX 287 171 MESQUTTE ST. TEL. 1121 ASSAYS MINE SAMPLING BIERCE W. BINKLEY n. e. SATCHELL, VAN WAGhNEN & SATCHELL ENGINEERS, CHEMISTS, MIN EROLOGISTS DEPUTY MINER AL SURVEYORS. Rooms 10, 12 and 14 Trust Bldg. GLOBE, ARIZONA Phone 1001 COVERING STIMULANT MARKET Established 1004) THE H. H. BRU CO., Inc., Brokers Correspondents with Members of Boston tnd New York Stock Exchanges. SPECIAL ATTENTION GIVEN TO BOSTON COPPERS AND ALL CURB ST00K8 U4 TRUST BUILDING GLOBE. ARIZONA P. O. BOX 810 WILSON BROKERS Stocks. Bonds and Mine Investments. Listed Local Stocks, Curbs. .....-...--..-,.. American Sugar 120.00 Atchison .. 110.50 H. & O 112.75 II. R. T 75.87 Canada Pacific 180.75 Colorado Fuol is Iron 31.00 C. O. W 31.S7 L'no .' 31.00 (ireat Northern 13S.75 Mexico Central 28.50 L. & N 133.50 Missouri Pacific '. 71.S7 National Lead 83.75 Now York Central 123.25 Noithcrn Pacific ..,..137.25 Pennsylvania , . ; ..'...' 130.25 O. & W JH.13 Reading 10S.12 Rock Island ...,.: "0.02 St. Paul 140.50 Southern Railway 20.87 Southern Pacific '. . . 127.S7 T. & P. .."..... ' ..! '' "30.02 Union Pacific . . .y. ... . .'. .-.". . t .187.50 Western Union ."...: "70.50 U. S. Steel, com 8I.G2 U. S. Steel, pfd 121.00 Boston Close Amalgamated S0.30 Anaconda .. ...... . l,jj7 Adventure , ''J Alhmcz 5"-5 Arizona Commercial :..., 39.75 Arcadian ...,.'.....". "25 Atlantic ?-2j llutto Coalition 2j.2j Boston Consolidated 19.75 C. & A 73.50 C. & II 035.00 Centennial , -00 Copper Range :., 17.00 Daly West -52 Franklin , I9-00 Oranby : SS.OO (Irceno Cananea ..T 10.02 Isle Rovalo 24.25 Lako 78.00 Mass c-50 Mohawk 03.00 Michigan . . ..." 0.75 North Butto 38.87 Nevada Consolidated 22.S7 Old Dominion 45.00 9.75 -....150.00 ..'..."..'....... 20.25 15.25 ..: .- S7.00 Ojibway Usceola Parrott ... ' '..."..'... Shannon Ouincv ... ' Superior Copper .7 57.75 Ray Consolidated si.o Trinity 9-37 Tamarack 73.00 U. S. Smelting 45.73 Utah Copper .v.. 50.50 Utah Consolidated 32.25 Victoria 4.12 Winona .. . 10.25 Wolverine 143.00 Curb Close American , .'...' 1.87 Arizona Michigan 55 Arizpo " : .20 Black Mountain (asked) 25 Balaklava ". 10.00 Boston Corbin 18.00 Braden 4.37 Boston Ely '3.50 Butto Arizona (bid) '.05 "Butte & London ..." ,20 Bohemia . , 13.25 Cactus & 4.75 Calumet & Montana .., 1.12 Calumet & Sonora s. ... 1S.75 Carmen 1.50 Chemung 12.00 Chief Consolidated 2.12 Cordova (asked) ., ,.. 95 Cordova, full paid '(asked) 2.87 Chino 15.00 Cortez 3.00 Cumberland Elv 0.50 Davis Daly 3.25 Dul Sonora ..j 3.50 Denn Arizona (asked) 2.07 East Butto .- 10.25 Elenita (asked) ..- 7.00 Elv Consolidated . . 85 Ely Central . 1.50 First National 14.02 Gila S.00 Oiroux ... ". 9.87 Helvetia 4.00 Hancock -. 27.25 Indiana 34.50 Inspiration 8.50 Keweenaw 5.00 Kcystono 4.75 La Roso ; 4.50 La Sallo 18.50 Livo Oak Mangus Mason Valley : 19.37 3.25 1.75 Miami 24.25 North Lako 17.50 National 52 Nipissing 10.12 Ohio ... .j, 4.00 Pinto (asked) 22 Ray Central 3.37 San Antonio 8.50 Raven 45 Santa Fo "T. . 2.00 Santa Rosalia 1.25 Savanna 1-75 Shattuck 19.37 Superior &Globo '.- 1.25 Sierra 3.02 Superior & Pittsburg 13.75 Superior & Boston 13.25 South Lako 10-75 Twin Buttcs 30 Warren 1-75 P. O. Box 282 PHONE 1741 & WAYNE and Unlisted Securities. MM)WW' Warrior (asked) 11.25 Wolverino Arizona (asked) 00 Yuma 1.37 PROSPECTS BRIGHT FOR HIGHER PRICES (Special Wire to Wilson & Wayne) BOSTON, March 2. Tho promised activity and strength developed today, and tho whole list was buoyant under tne leadership ot Amalgamated, Steel and Union Pacific. Tho Boston mar ket responded in a small degree, but stocks wero scarce and traders wero not inclined to bid up very far, until they wero assured of a continuanco of tho better feeling in New York. Tho re duction of 0,500 tons in the visible supply was a factor of great importanco and shows that the condition of copper ill England has begun to increase in proportion with tho situation, and from now on we may expect a gradual reduc tion in surplus, both hero and abroad, and. an early improvement in price. The talk on Amalgamated is very bullish and if present plans for tho consoli dation of Butto mines is carried out in tho near future, it should sell close to 100. After tho local (Boston) coppers, Butte Coalition seems to bo the most scarce, and tho most likely to have a quick advance of five points. North Lake, Indiana and moro especially Lako, were well bought by the traders, and it looks as if wo would soon start a runaway market for practically tho enuro list. Tho Consolidated Copper i-rouucers' report lor tlio United States will bo issued a week from tomorrow, nd if tho predictions of a decreaso of 25,000,000 pounds comes true, an impor tant advance in the price of metal wi'J bo in order. PAINE WEBBER & CO. BIMETAL MINE TO T i ILL Immense Amount of Good Ore Carries Satisfactory Percentage of Gold KINGMAN, Ariz., March 2. L M. Lamont, manager of tho Mi-Metal mino at Maguiro, three miles south from Kingman, has returned from Denver, where nil plans for tho immediate croctioif of a forty stamp mill have been completed. Bids have been re ceived rom mine machinery firms, and tho contract will bo let within tho next few days. Lamont expects to have the actual work of construction staited not later than Ajiril 15th. The batteries will bo similar to those of the Gold Road mill, but in other respects tho plant will be entirely dif ferent. Tho fine grinding will bo done by Huntingtons instead of tube mills, and since all tho ores, even the sul phides, are free milling, cyanidation is unnecessary and the new mill will be a straight amalgamation process. There will be 32 feet of plates under tho stamps nnd32 more under tho Hunting tons. Pierce amalgamating quick traps will complete tho amalgamating. The Bi-Motal, which has been under development by the present manage ment for tho past two years, has been thoroughly prospected by threo shafts and numerous open cuts. The result ot this development as shown by many months of sampling and resampling, during which largo tonnages of ore wero virtually quarried and then, with out sorting, run through a ten stamp test mill, is a body of ore estimated at 2,000,000 tons, assaying a little over $4 in gold. Tho average of all mill headings to date is $1.1G; the actual saving on ordinary plates has been about $3, or 72 per cent, and it is on a basis of the latter value that all es timates havo' been made. However, with tho increased length of plates anil better grinding tho now mill is expect ed to make an extraction of about 84 per cent, or about $3.o0 per ton. Several miles further south in the same district considerable work is be ing started on tho Gold j.utto and Fay Bonanza properties. Lowis Lusk of Spokane, one oi the" principal owners, has been examining tho prospects with good results. Tho cntiro bottom of a forty foot shaft on tho Butte assays $8, whilo ten inches of ledce on the Fay Bonanza runs $108; samoles taken across twenty feet of ledeo on tho sur faco averaged $14. Lusk proposes to sink several hundred feet and then cross cut. Medicines that aid nature aro always most successful. Chamberlain's Cough Remedy acts on this plan. It loosens tho couch, relioves the lungs, opens tho secretions and aids nnturo in restoring the system to a healthy condition, bold by all druggists. ' McElroy for wall paper. Send somo of tho Special Mining jvuuons oi mo onver uen 10 oiu friends abroad. A few left at tho low prico of 2u cents each. Chamberlain's Stomach and Liver Tablets aro safe, sure and reliable, and havo been praised by thousands ot women who havo been restored to health through their gentle aid and curative properties. Sold by all druggists. INSTALL nRPA STAMP M L TO IRRIGATE LID IN PINAL "W. C. Greene and Associates Plan to Parallel Casa Grande Channel W. C. Green and associates have filed an appropriation on all tho previ ously unappropriated water in the Gila river near Florence, and will proceed to construct a huge canal for tho irri gation of all that area known as tho Florence and Casa Grande valleys, says tho Republican of Phoenix. Tho canal will bo designed to extend ultimately as far as tho town of Casa Grande; perhaps farther. Mr. Greene, it is un derstood, has no considerable land hold ing thoro and possibly does not intend to acquiro any, his project being pri marily a water enterprise for the irri gation of tho lands in that section, most of which arc now patented or held by settlers. Tho above facts arc stated on author ity that is believed to be absolutely re liable and it is also stated that Mr. Green proposes to begin work at once. Tho charter of his company calls for tho digging of a main canal 200 feet wide for a distance o several miles back from tho river, a ditch that will handlo practically all the water avail able in the river at that point except in timo of flood. The project will nat urally involve the building of a per manent bed rock dam for tho diversion of the water. The new project is for watering, if it secures the patronage, practically the same land supposed to bo served by the Casa Grande Canal company. Naturally the project of Mr. Greene suggests a battle for supremacy between the two canal companies. John W. Sharpe of this city, when seen in regard to this matter, said he believed tho report of the Greene en terprise. Mr. Sharpe is tho man who sold the Casa Grande Canal company to Charles R. Sligh and associates, while tho property was in the hands of a receiver, and which receiver is still in charge at the re.qucst of the buyers. Mr. Sharpe says the Sligh management has failed to make the improvements promised; in fact has done little to car ry out the plans proposed, and now Greene and his associates have stepped in and will undoubtedly wage a finish fight. Mr. Sharpe says that half the money spent on the Utopian scheme of a storage reservoir, by the present man agement of tho Casa Grande Canal com pany, would have put tho"eanal in good shape and furnished water to the lands in cultivation under it. Concerning Mr. Greene it was a mat ter of common report a year or so ago that he was "broke" and it is true that many of his big mining enter prises did slip away from him. Never theless he was a bit prudent during the days of his prosperity and it is said put a million or so away where it would bo safo against a rainy day. In tho wrecking of his plans, however, he saved an immense area of the finest timber landvin the world, in old Mex ico. This, it is understood, he has now sold to an American syndicate for a big sum, so that altogether he is rated as worth between two and three mil lion dollars, even though ho .a now a 'comparatively" poor man. Of that amount it would" only re quire tho odd change between the mil lions to build a pretty likely sort of a ditch and the gentlemen ho is asso ciated with, whoever they are, are re ported to have good credit at tho banks. The most appealing feature of the case, however, is that Mr. Greene, who has rid himself of all his big mining pro jects, so far as his personal manage ment is concerned, now proposes to per sonally take charge of the new canal enterprise and push it forward -with the same vigor he used in exploiting his mines. See tho new offices for rent on 2nd floor now Amster, building. Send somo of tho Special Mining Editions of tho Silver Belt to your friends abroad. A few left at thodow price of 25 cents each. NICARAGUAN PEACE QUITE INDEFINITE General Chamorro Must Be Disposed of First MANAGUA, March 2. Although the government won a victory at Tipitapa, according to reports, there is no pros pect for peace until General Chamorro is dead or captured. A period of in activity is looked for until the revolu tionists replenish their supply of am munition. . The i-Tew Age Whon navies aro forgotten And fleets aro useless things, When tho dove shall warm her bosom Beneath the eagle's wings. When memory of battles At last is strange and old, When nations havo one oanner And creeds havo found one fold. When tho Hand that sprinkles midnight With its powdered drift of suns Has hushed this tiny tumult Of sets and swords and guns. Then Hato's last note of discord In all Ood's words shall cease, In the conquest which is service, In the victory which is peace! Frederick Lawrence Knowlcs. COUNT! Cook & Company, Bankers Capital -Surplus -Personal liability The Globe Brick and Construction Company HERBERT J. MANN, Pres. CLARENCE T. SEIPP, Secy and Treas. MANUFACTURERS OF COMMON BRICK MASON and CONCRETE CONTRACTORS Cement Sidewalks Concrete Walls Fireplaces OFFICE, ROOM 34, TRUST BLDG. WMVVy' Prominent People in the Public Eye VVSrMNsN(VsSwSiNiAWrf,svJ ELMER DOVER. CZAR OF BAy CITY GEI5 SETBACK Court Rules McCarthy Had No Right to Remove Commissioners SAN FRANCISCO, March 2. Hold ing that the mayor of a city is not cm powered to summarily dismiss commis sioners of various departments, .fudge Sturtevant fn the superior court made permanent today the temporary ic straining order which ho had granted previously, preventing the appointees' of Mayor McCarthy on the board of ed ucation from acting in tlieir oflicial cap acity. Tho old board was adjudged to be tho do facto commission, tho decision explaining that the mayor had no im plied right to remove a county .offi cer except for cause. McCarthy and Chief of Polico Mar tin wero relieved of criminal responsi bility in tho matter of having taken forcible possession of tho rooms of the commission. McCarthy will not say what his action will -be. The Habit of Cheerfulness Cheerfulness will attract moro cus tomers, sell more coods, do moie busi ness with less wear and tear than al most any other quality, says Orison Swdtt Marden in Success Magazine. Op timism is the greatest business getter, bicirest trader, the Greatest achiever in the world. Pessimism has never done anything but tear down what optimism lias built up. In tho business office, as in society, everywhere, the favorite is always the cheerful person. Good natuied, cheer ful peoplo do not waste their vital en ergy as rapidly as the grumbler or the too sober, too sad people. They work with much less friction. Good cheer is a great lubricant; it oils all of life's machinery. Shakes peare says: "A merry heart goes all tho day, Your sad tires in a mile a." There is no other life habit which can givo such a prolific return in hap piness as that of being cheerful under all circumstances. If the resolution to cultivate cheerfulness is strongly made at tho very outset, it will not bo diffi cult to form tho cheerful habit, and it will be the best protection against suf fering and disappointment. Cheerfulness is also a great producer. It adds wonderfully to one's active ability and increases mental and phys ical power. It makes hosts of friends, and helps us to be interesting and ngieeable. TAKING NO CHANCES "My life is yours," the old man ciicd; The maiden's smile allured "I'll take it," sweetly she leplicd, "Providing it's insured." iClevelnnd Leader. . i GLOBE, ARIZONA $25,000.00 General Banking Business Transacted $5 000 00 Z Safe Deposit $250,000.00 Collateral and CANDIES I Where do you get them? At Anderson's, of course, the home of homo mado candies. Something new in the way of Candies never seen in Globe before. Gome in and try somo and go away satisfied. And do not forget that wo also make tho best Ice Cream in the city. Special prices to parties or receptions. . ANDERSON CANDY COMPANY CENTENARY OF POPE Hundredth Anniversary of Leo XIII Is Important Function in Rome ROME, March 2. Princes of the church, bishops, monsignori, dignitarips by the score and hundreds of priests took part in impressive ceremonies held in St. Peter's today in honor of the centenary of the birth of Pope Leo XIII. The spectacle was magnificent and brought together a largo variety t. rich court costumes. "The Basilica was radiant inside with thousands -of elec tric lights and candles. Among those who thronged the vast edifice were hun dreds of the faithful from all parts of the world, comprising the advance guard of the great army of pilgrims come to Rome for the Easter festiv ities. Not only in Rome, but throughout the world tho members of the Roman Catholic faith unite today to pay hom age to the memory of Leo XIII. on the occasion of the one hundredth anni versary of his birth. During his long pontificate the late Pope established his right to a place among the renowned pontiffs of the church. His administra tion was characterized by close atten tion to world affairs and an enlightened interest in everything that tended to social welfare. Ho proved himself not only a great 'prelate but a great states man. In France he persuaded the Franch Catholics to support the repub lic, and in Ireland condemned the na tionalist plan of campaign. In 1885, as an ardent friend of the cause of inter national peace, he successfully acted as arbitrator in a dispute between Ger many and Spain over the Caroline Is lands. The wiao and liberal policy of Leo XIII. madp his name respected not only in his own communion but in that of almost every other Christian church. This was conspicuously illustrated upon the event of his sacerdotal jubilee in 1887, the fiftieth anniversary of his or dination as a priest. From every quar ter of tho globe there came embassies bearing gifts and good wishes, not from the Catholic nations and rulers only, but from the Queen of England, the Emperor of Japan, the German em peror, the King of Greece, tho Sultan of Turkey, the Empress of China, the Shah of "Persio and the president of the United States. The gift of tho lat ter was a handsomely bound copy of the Constitution of the United States, upon which the pope expressed partic ular gratification. Running- Accounts This is ono of the most extravagant methods of housekeeping, yet many oth erwise just and kind husbands force this system on their family. In this they arc both blind and cruel, and tho question of money matters is a very serious source of trouble between hus bands and wives. No woman should be subjected to the humiliation of asking the trades people to trust her when her husband will not. If she is not to bo trusted with money necessary for husband, if she looks after household senses, the husband has no right to brand her with this discredit. A wife has as much right to the income as her huband, if she looks after household matters and it is often a short sighted, policy on the part of the provider, to tempt the woman to deceitful methods of cettiug absolutely necessary funds for tho necessary expenses. No honest, nigu-ininueu wuinau win lainui wuu i mit to the humiliation, if sho sees any way out, and if the woman is not to be "trusted with money in hand, she surely is -sharp enough to get it by collusion with tradespeople. No man would submit lo his employer's with-! holding his earnings for the reason that tho employer doubts that he makes a wis0 use of it. I J. N. PORTER W. D. FISK J. S. COOK ou toavlnSs Accounts Boxes For Rent Escrow Loans P. O. BOX 82G POLITICAL ANNOUNCEMENTS Announcements of candidates for city offices will be mado under this heading and carried until tho day of the respective party conventions for the sum of $10, payment to bo made strict ly in advance. Tho column is open to candidates from all parties. TOR CITY MARSHAL I hereby announco myself as a can didate for the nomination of city mar shal, subject to tho action of the dem ocratic voters at tho forthcoming: primaries. WM. LOWTHIAN. CITY MARSHAL I hereby announce myself a candidate- -for the office of city marshal, subject to tho action of the democratic voters at the forthcoming primary election. R. M. ANDERSON. CITY CLERK I hereby announce myself as a can didate for the office of clerk of the city of Globe, subject to the action o tho democratic voters at the forthcom ing primaries. J. II. WELCH. STREET SUPERVISOR The undersigned wishes to announce himself a candidate for the office of street supervisor of the city of Globe, subject to the action of the democratic voters at the primaries to be held April 23. FLOYD BLEVINS. STREET SUPERVISOR I hereby announce myself a candi date for the office of street supervisor of the -city of Globe, subject to the ac tion of the democratic voters at the pri mary election to be held April 23. J. W. HARRINGTON. 4.4. 1 SPORTING NEWS BASEBALL NOTES Hugh Jennings will exhibit his Tigers in Cincinnati April 11 and 12. Manager Charlie Carr of the Indian apolis team has called' off the Indians' trip to Cuba. Frank PfcfTer of the Chicago Cub recently bought a residence in Boston and in future will call the Hub his home. Several elub owners and President Johnson of the American league are with the White Sox on their trip to tho Pacific coast. Al Orth, who pitched fourteen years in the major leagues, has signed with the Indianapolis club of tho American association. Since. Arthur Clarkson quit Cleve land Eddie Grant of tho Philadelphia Nationals is the only Harvard man on a major league team. Chicago fans were greatly surprised at tho release of Del Howard. As a utility man Del used to fit nicely with the Cubs. Johnnie Bates is tho only holdout among the Philadelphia Quakers. John hasn't a chance for more money as Hor ace Fogel is buying elephants. Willie Keeler, who has recently been released by tho highlandcrs, will most likely catch on with either the Now York Giants or tho Brooklyn Dodgers. It looked very much as if McGraw was about to give tho gate to "Bugs" Raymond a short time ago, but "Bugs" has joined the Giants and all is well. Lave Cross holds the honor of being the first big leaguer to get a safe hit oil of Christy Mathowson. Tho game took place in Brooklyn ten years ago. With a billiar dparlor, automobile business and rcfcrccing skating races to occupy his timo "Wild Bill" Dono van has "been up on his toes all winter. Precsident Dovcy of tho Boston Na tionals asked his brother magnates for their surplus players and they said thev had no surplus players. They had ball players, it seems, but they intended to keep them. Last season saw tho finish in the big show of a number of great pitchers. Among thoso who havo stepped out are Jack Chcsbro, Bill Dinecn, Jesse Tannr hill, Tom Hughes, Nick Altrock, Cluck Fraser and Liebhardt.