The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1896-06-03

and complete statement OF the causes
leading up to the present litigation will
be made.
The affairs OF the Centennial mining
company are in ialr way to be settled
now that all parties in interest nave
agreed to have the property sold at lore
closure on June 16, in order to perfect
the title for the. re-organiEed company.
Az originally planned the assessment oil
~ DER share will be levied and the hoyt
interest will pay its proportion on 20
600 shares ana take new stock In com
mon with the other stockholders This
will be given back in part payment oil the
debt due TO them and the remaining
SIC, 900 will be provided for in a mort
gage given them which will run one year.
The money received from the otherstock
holders can be used to liquidate this
claim aud money for development work
will be secured later on by another as
sessment. The new company VIII have
SO. 900 shares and the assessment will
take care OF all debts and pay re-organ-
ization expenses. Now that alllitigation
will be discontinued and the property
put on its feet there is certain TO be NJ
viyal of interest in the stock here. Fay-
orable reports have been received oil the
prospects OF the property and II may De
restored TO favor as one OF the better low
priced mining shares.
The trading In mining shares In the
local exchange has been very limited dur
ing the week. The drive at Pioneer on
the Injunction asked by Hugh Mcdonnell
ana the break in Franklin on Master
Whites finding have been about the sole
features of the market. In view OF the
limited amount OF trading the market
has been strong. Montana and Old Do
minion have been the most prominent oil
the copper shares for strength and there
has been some very evident manipulation
in Tamarsck Junior.
The market for copper ia held hrm by
the very good European demand. quo
tations 10 this market have ranged from
TX to liz cents, according TO the size oil |
the trade. Consumers report themselves
as being well supplied, and the business
is in consequence restricted. Predictions
of a l2-cent market are freely made in
the event OF the home demand springing |
up, but on the other hand, should the ex-
ports fall off very decided setback is
looked for. Foreign consumption ia re-
ported on the increase.
1t is said that big block OF Old Do
minion shares are to be placed abroad,
with view OF making a broad,r aud
stronger market for the stock. When
the company was first fioated it was pro-
posed TO do this, but objections were in
terposed by the Lewissohn people. When
this became known the stock declined.
Now that these negotiations have again
been opened, there is talk Of substan-
-ial advance in the stock. 1t has been a
eature Of the copper share market this
week and showed deal of strength
The Leopold option on the Huron and
other Lake mines has been extended until
September, because OF the difficulty OF
'aising money at this time for consolida-
ion.
The interview with Hon. T. b. Dun.
tan published 10 the News OF May 81
las attracted widespread attention in
Boston aud has been copied by all the
,apers. daily and financial, with CON-
nent, more or less severe, Of the methods
II the Tamarack management.
The finding of Master in Chancery White
hat the Franklin mining company owes
he Pewabic mining company $2O1, 71S
aused big break in the price Of Frank.
ia stock-almost five poiuts. Counsel
talbot, in letter to President Perkins,
avs that the finding ia not final and
laims that it ia not within his authority
o so find. The masters report is open
o exceptions and must be passed upon
" the court. According to his belief,
he report will be found to be erroneous.
treasurer Demmon says: lam astound-
d at the report OF Master White. The
rankin company never owed the Pewa-
nc company a cent? How Mr.. Whites
esult could possibly be arrived at il
most wonderful BEAN EATER.