The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1909-10-23
GAY G. sTURels GOSSIP.

President A. f. ITeinze Of the Davis
Daily Copper Co. goes west next week
for the first time i'm more than two
years to look after the interests of the
Davis DAILY. the United Copper com
pany, the Ohio Copper company and
his other western interests. The New
York district attorneys office has ac-
corded Mr. Heinze this permission, to
attend to the affairs of his corpora
tions. Although the drag-net sub
poenas are out all over the United
States for evidence against Mr.. Heinze.
all the indictments obtained against
him have been dismissed except upon
one count. which is that of certifica-
ton. His friends who are familiar
with the facts state that this is a tech
nicality, the loan and the certifcation
having been made at the same time.
although the bank force may have fail
ed 10 make the entry of the loan before
making the certiflcation.
Calumet. Mich, Oct. 23.--Steel AMI
Union Pacific were the weak features
of the general list today, though the
whole list was soft.
Boston coppers were quiet, with
North Butte weak and Butte Coali-
ton strong. the former selling at 56h
and the latter at 26N. The action Of
Butte Coalition in this weak market
indicates higher prices for the stock
when the market rights itself.
Curbs were neglected with the ex-
ception of Ely Central which sold up
to 2%. Arizona & Michigan is the
weak feature of the local curbs, pre-
sumably on assessment prospects Of
the near future and lack of favorable
news from the mine.
Superior & Globe report which viii
be mailed to stockholders Monday,
shows $4,000 in the treasury and the
property an paid for and also $4,000
shares OF treasury stock i'A
See Copper this week giving full
statement or Calumet and Arizona and
Superior e Pittsburg operations for
1908 and 1909. 1t is very interesting.
New York, oct. 2S.-Sumary: SEN
ator Patrick NJ. McCarren dead.
President Taft answetg in favor of
issuing bonds for Waterways,
President Earlng of st Paul ex-
poets to see all records FOR gross earn
ings broken i'm present fiscal year
Duns review says every report of the
week ranging from moderate improve
ment to extraordinary buoyancy.
Bradstreets says trade and Industrial
developments are largely favorable.
Gold going to Brazil ana Canada
but exchanges does not permit direct
shipments to London yet.
Newman Erb and associates secure
control c. c. & l..
Some small Improvement reported
in sales of copper
Lackawanna steel company has or
ders which will keep it busy till March
and Is refusing contracts for imme-
date delivery.
Idle cars on October 18th, 359,i77, a.
decrease of about 80 per cent in 4
fortnight
Railroad officers think demand for
CARS mas dDOul It's
Banks gained on weeks currency
$497 000.-Dow Jones & CO.
Bank Statement.
Bank saving cash reserve 26.S7.
Reserve inc. 6,252,70O.
Reserve less u. S, inc. 6,356,975.
Loans decrease 4.747,300.
Specie increase 4,366,600.
Legals increase $4,000.
Deposits decrease 5,4O7,60O,
Circulation increase $4,000.
Actual cash reserve 26,35.
Reserve less u. S. increase 1,O73,25O.
Loans increase 3.9SS,200.
Specie increase 452,600.
Legals increase 1,S60,S00.
Deposits increase 4,977,700.
Circulation increase 49, 200.
other banks loans decrease 10,S00,OO0
Specie decrease SO3,4O0.-
Legals decrease 62S.700.
Total deposits decrease 13,792.OOO. |
ELEMENTARY etc. decrease 12,7S9,7OO.
Aggregate reserve on deposits 2,741,- |
500.
Per cent of legal reserve 1890.