The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-04-08
MINING STOCKS s. BOOM
GENERAL ADVANCE IS{ TAKING
PLACE ALL ALONG THE
LINE
BIG DEMAND FROM THE EAST
Interests In Minnesota Property
Asked for From the Atlantic
COast-COI. Hillyer Now In Eng
land Looking After the Alice A.
Randolph Stock Is Selling Well
Rich Finds Under the Ground.

WEST SUPERIOR, Wis, April 6.-For
the past three weeks there has been con-
siderable of a slump in Western Ontario
stocks in the Eastern markets This has
to some extent affected the local situa-
ton. but not to such a great degree.
Alice A. which has ben decidedly weak
In the Toronto market. has been fairly
strong In Chicago and Minneapolis How
ever, there has been no great general de-
mand for the stock. Some big blocks have
been taken up from weak holders at low
prices. and the stock is now IN stronger
hands than 1t was four weeks ago. From
the movements of the big buyers there is
strong indications Of some surprises In
store Tor the public in Alice A. Col. Hill
yer, who Is now in London, Is liable to
transact some business during the COM
Ing week which will very materially adj
vance the situation regarding Alice A.
Emma Abbot, an adjoining property, is.
selling fairly well, Notwithstanding the
weakness of Alice A.
Golden Star, which slumped to 58 has
now gone back to 691s, and there are some
movements on foot which will .l1ndoubted-
ly make this stock go to $50 within a few
months. 1t is now paying a dividend of
IL per cent per annum on the par value Of
its stock British Columbia properties
paying much less dividends have gone to
that figure In the natural rise of the mar
ket.
A good seller. since it has gone on the
market. ten days ago. has been Randolph.
which adjoins the Golden Star. with
Golden Star slumping, If there was any
general belief that it would be permanent,
1t would no doubt weaken the demand for
Randolph. Instead, however. the Eastern
demand for Randolph has been very
great. and a big demand for the second is
sue, at l5 cents per share, is looked for,
judging for letters already received.
The Eastern market cannot be- y, supplied
until the organization is completed by
the election Of officers. The charter has
been granted, but has not vet. arrived.
just as soon as the charter arrives and
the officers are elected the stock will be
Issued, and then the Eastern market can
be supplied.
WORK HAS BEGUN.s.
work has been started on the Randolph.
Already night and day crewslaree at work
pushing the development onlthis property.
camps are being built ADMINISTRATIONS
will be made by the new ofacials. when
erected, Tor the purchase of "a compressor
plant. and all the necessary ma chinery
TO place this property on a, paying basis.
The situation of the Golden Crescent
has not changed since last week. The deal
which was on in Toronto has not yet
been closed. but is pending the placing of
all outstanding stock in the hands OF
pool. When this ARRANGEMENT is COM
pleted the Golden Crescent deal will then
be closed and the property In strong
hands,
The local copper situation has been
steadiiy advancing and the visit OF sew
efai upper peninsula people to this vari-
out properties on the Douglas range and
their Endorsement Of the surface show