The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1902-10-10
MICHIGAN
AMONG THE coPPERs
Assessment the Order of the Day-Money
r-... Made In Speculation, g.: -,

Assessment the Order, Of the Day--Money
e->.. Made In Speculation. - -.
+ HOUGHTON, MICH.-The assessment
season has been started with great eclat.
The soiree of the Adventure, at 81 a. share
called for about LOO invitations, there
being about that many shareholders. The
50 share entertainment of the Mass Con-
solidated is of personal interest to 800 or
more investors The decision of the
Victoria management to have a modest
little entertainment at 81 is news item
of interest to upwards of 1000 persons,
and the Phoenix Consolidated invitations
have been issued to a select circle of
about 900. While some regrets are ex-
pccted by the recipients Of these invita-
lions, none will be sent, for the invita-
tons are like those Of royalty, and are
mandatory. The synchronous levying Of
81 assessments by the Mass and Adven-
ture are regarded, in some quarters, as
premonitory to a consolidation. "
The delays at the new mill of the Mo-
hawk have been merely a repetition OF
the exasperating holdbacks met with at
all new mills opened in the Lake Superior
district during the past three years. The
Mohawk will feed two stamps at the mill
as soon as it goes into commission, and
as rapidly as circumstances will warrant,
two other heads will be added and put in
commission. The new mill Of the Wolver-
ire mine made upwards of $50 tons of min
eral last month, with two heads. The
Wolverine mineral is the richest in the
district, running upwards of 80 per cent
refined copper, so that the little Wolver-
inc is now producing at the rate of al
most 5000, 900 pounds of ingot a year, or
at a rate but little less than that OF
the Quincy so recently as ten years ago
The new intake tunnel of the new
Champion mill has been completed. It is
the longest ever driven under Lake Su:
perior, being upwards of 1000 feet, an6
the task of establishing an actual connec:
ton with the lake, from beneath, was q
delicate one, but was perfectly successful
| An era of rampant speculation has
struck the copper district. The lake PEG:
pie have made some great Killings dur.
ing the past eighteen months, notably II
Calumet & Arizona and allied corporation!
and in Tonopah. The profits Of local share
holders in the Calumet & Arizona ant
the two adjoining properties controlled b.
lake capital are variously estimated a
| from fifteen to twenty-five millions. An
other million has been made in Tonopah
the big new gold mine at Nevada, and tn
profits on Kittie Burton, Northwestern
i development and othe r Am erican, Mexican
and Canadian mining properties add t
i the aggregate. In point of the size Of in
vestment in mines Houghton county nov
ranks with Denver, .Saltd Lake and Sa
Francisco, and big mining deals that for
merly went east are now, financed here.
MENOMINEE, MlCH.-The drive of tn
Menominee river will rum larger than ex
pected. The estimate was for ITS, 90
> feet but Monday this amount had bee
sorted and there are about fifteen mil
lion feet left.-One million feet Of timbe
| in saw logs will be pulled through Port
age lake to Baraga. The logs were Gu
| near Ontonagon and foated from tina
point to the mouth of the canal wher
, they are being put in RATS 600 feet Ion
) and SO feet wide. !: The consignment IS fo
: the Lester Brothers Lumber company
At recent meeting of the Trades Coun
| Gil of Menominee and Marinette it wa
decided tos help the coal strikers. A
there are between twenty and thirty Ia
Dor unions in the two cities it Is expecte
: that several hundred dollars will b
raised. H. O. Young, republican cand
date for congress, will open his campaig
in this city tonight. He will speak 6
= Stephenson Saturday.