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.

special to The Journal.
t.ougnlon, ulcn, Nov. so.-The re-
sumption of work at the Amalgarnated
mines in Montana has removed the only
strong buit 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 ma
terial decline in the near future. The
stocks Oh hand are sufficient to provide
an easy market. in which neither pro-
Queer nor consumer is squeezed.
The Higgins Development company, a.
local corpol alton engaged In opening a
mine medlately northwest Of the Cop
per Queen, in Bisbee, Ariz., has levied
an assessment of 81 a share, payable in
equal instruments on Nov. Is and Jan.
20. Indications at the property are prom
ising, and 1t is hoped that shareholders
will not be called upon for further funds.
as the company will be reorganized as g.
regular mining company when sufficient
ore is in sight to warrant permanence.
Theodore Dengler. who has been min
ing engineer at the Atlantic for more than
ten years, with single brief intermis-
sion. has been appointed superintendent:
n The electritication 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
stalled originally. 81. a.: W.,
The decision of President Bigelow to
proceed vigorously with the equipment Of
No. s shaft at the Tan1arack iss received
with pleasure by local shareholders. The
Tamarack has been passing thru 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.
osceoia'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. s shaft of the Quincy, on the Mes
nard tract, is showing better ground at
present than formerly. This shaft is to
be connected eventually with the PewaD1c,
or North Quincy shafts. at a depth Of
about 1000 feet The connecting level
| will pass entirely under the Franklin
mine.
| Reports from the Phoenix from those In
| 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
openings to feed the single. stamp with
rock of as good grade as is now being
| miLed. ss-. N@- .
Stamping aon Michigan. rock was begun
| by one head at the Mass mill. Keweeraw
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, be Of q, rather
nonc6mmitaa sort, and that several months
will be required to determine anything
1 New Work Above Calumet.
| Great Interest is evidenced in the new
work under way on thescopper range north
| is having more activity than for several
/ years past. Explorations viii be continued
at the Cliff and Miskwabik properties all
winter and 1T Is probable that the Central
will resume work next spring. The Al
| louez should pierce the Kearsarge lode in
Its new shaft in less than a year.
| Coincident with the change in the east
ern control of the Trimountain mine there
has been change in the local manage.
ment. F.fFW.. Denton is now supertntend'
emit, succeeding Captain James Chyno'
weth. Deve. opment WORK at the Fri
mountain is progressing steadily. Sink
Ing is under way In four shafts and the
I openings are nearly six miles in extent.
NEGAUNEE, M1CH.--Sfany Ffnns are goini
from the upper peninsula to tas New Enganl
Gsw af s sads esa be
tanned at reasonable figures in. the east, and
/ is for the purpose Of finding homes there tina
tile present exodus is under way. In many IN
stances the owners Of the farms have abandone'
their properties altogether and are asking bu
nominal sums for their title.
BEssEMER, MIcH.-Miners are .organizln,
clubs for getting transportatlo to Alaska. Tn
I, trip cannot be made for less than $100 and t
raise this members Of the club put in fe!
dollars Of their earnings every month unit
(; enough is raised for two fares when the pal
to made the trip is selected By lot. Thus b.
two at. time all the memhers expect Z
transplant themselves eventually to the nes
Eldorado. t
4 IRON RIVER, M1CH.--.The Milwaukee roa'
its controls 10 the northeast Of Amasa, {
Iron and Ontcnagon counties. To start with 90
Norwegian families will be- provided with home
IN the spring and they Will be followed b:
others. S@s#z
/ sAuLT STE. MARIE, M1cH.--It is feare
that the steamer Ern a Canadian boat, ha
either gone ashore or sunk In Lake Superior. =
Word has been received that the steamer. New
York has grounded on Persian island.
/ tt
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