The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-11-20
MICHIGAN
MARKET Dull AGAIN
Resumption Of Amalgamated Mines
Removes a Bull Factor in
Copper, Prices.
No Material Decline Expected, How
eyer-Tamarack and Other
Properties Pick Up.
Special to The journal.

t.ougnlon. Nilcn., Nov. 20.--The re-
Sumption of work at the Amalgarnated
mines in Montana has removed the only
strong bull factor from the metal market.
which has lapsed into great du.lness.
There seems no prospect of any sudden
rise in the price Of the metal, neither does.
IT seem likely that there will be any MAJ
terial decline in the near future. The
stocks on hand are sufficient to provide
an easy market, in which neither pro-
Queer nor consumer Is squeezed :,
The Higgins Development, company a
local corporation engaged In opening a
mine Immediately northwest Of the Cop
per Queen, in Bisbee, Ariz.; has levied
an assessment Of 81 a share payable in
equal instal.ments on Nov. rs and Jan.
20. Indications at the property are prom
is1ng, and it is hoped that shareholders
will not be called upon for further funds
as the company will be reorganized as a,
regular mining company when sufficient
ore is In sight to warrant permanerce.
Theodore Dengler. who has been min
ing engineer at the Atlantic for more than
ten Years, with a single brief intermis-
sion. has been appointed superintendent.
r The electrification of the underground
tram lines in the Quincy is almost COM
p.eted- The Quincy has led the lake mines
in this important step, and the value of
the change has been fully demonstrated
by the results secured from the lines ir-
stalled originally. ,.2
The decision Of President Bigelow to
proceed vigorously with the equipment Of
No. s shaft at the Tanarack is received
with pleasure by local shareholders. The
Tamaraok has been passing thru a period
of depression, owing to low prices for
copper coming simultaneously with re-
suits not SO favorable as were expected
at the new shaft, but the clouds are be-
ginning to roll away, and better times are
in sight for the mine.
osceoa's Strike at an End.
The strike at the Oseeola proved short
lived, and the men went back without se-
curing the reinstatement Of the three dis
charged TRAINERS. Labor troubles in the
| AXE district are rare.
! No. shaft of the Quincy, on the Mes
nard tract, is showing better ground al
present than formerly. This shaft is tc
be connected eventually with the PewaD1c
or North Quincy shafts, at depth OF
about 1000 feet. The connecting leve
will pass entirely under the Franklin
mine.
/ Reports from the Phoenix from those III
a position to know are to the effect that
the rock is yielding well under the stamp
and that the success Of the mine Is de-
pendent merely upon the ability Of the
Eopenings to feed the single. stamp with
I rock. of as good grade as is now being
| mil ed. II, 80
| Stamping on Michigan rock was begun
by one head at the Mass mill KeweeI1aN
i Bay, last week. AS yet no returns have
been secured, but as no special effort was
made to ship rich rock, 1T Is probable
/ that the first results will, SbeS Of g. rather
| noncommital sort, and that several months
will be required to determine anythins
| like the average OF. the Calico rock. 4s>
u New Work Above Calumet.
Great Interest Is evidenced in the new
work under way on tl1e&copper range NORTH
i 81 Calumet. That section Of the distrlc
is. having more activity than for seyera
years past. Explorations viii be continued
at the Cliff and Miskwabik properties al
winter and 1T Is probable that the Contra
will resume work next spring. The a
louez should pierce the Kearsarge lode Il
it's new shaft In less than a year.
Coincident with the change In the east
ern control of the Trimountain mine ther
has been a change in the local manage
nent. sF..sW. Denton is now superintend
ent, succeeding Captain James Chyno
weth. Deve. opment WORK at the TT
mountain is progressing steadily. Sink
ing is under way in four shafts and til
openings are nearly six miles in extent.
NEGAUNEE, M1CH.-Many Firms are goiH
; from the upper peninsula to the New Englar
tracing ssst most Of them. Farm lands can be q
tanned at reasonable figures in. the east, and
+ is for the purpose Of finding homes there IN
tile present exodus is under way. In many Il
stances the owners Of the farms have abandone
: their properties altogether and are asking b,
nominal sums for their title. IL
BEssEMER, MICH.--Miners are organizir
clubs for getting transportation to Alaska. II
trip cannot. be made for less than S10O and
. raise this me mbers Of the club put in fe
, dollars Of their earnings every month unit
enough Is raised for two fares when the pa
to made the trip is selected by lot. Thus
two at. time all the members expect I
transplant Themselves eventually to the ne
Eldorado.