The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1909-12-03
GAY & sTURo,s Gossip.

New York, Dec. 3.-American stocks
i'm London quiet Il to u about parity
]. =. Morgan buys Ryan holdings
carrying control of Equitable Life.
Presidents message completed after
five hours discussion with cabinet.
Million dollar fire i'm Baltimore.
Illness of II. NICK. Twombly report
ed very serious.
Italian ministry resigns.
Northwest now moving some freight
but interruption of business from strike
still serious.
American steel foundries directors
expect to start dividend sometime next
year.
British general election will be held
between 18th and Goth of January.
General market in London quiet.
Consols strong and coppers rather
heavy.
Association with Lehigh Valley will
give Rock Island interests a voice in
Eastern Trunk situation.
Stock exchange trading i'm Novem-
Der lightest since month of July.
New terminal facilities at Minneap-
oils expected to give Great Western
large increase of business.-Dow, Jones
& Co. az
Salt Lake, Dec. 3.-Our best judg-
ment is. after careful Investigation and
consideration, that no real importance
should be attached to suit of Wall
against Utah Copper Co. for alleged
trespass through Amanda claim opened
by Wall. 1t Is true Utah Copper Co.
has broken small section of surface of
ing operations and may have drawn
down a few hundred tons of ore ON
one or two lines, but the grade of this
Is not above one per cent copper and
We have every assurance that no ac-
tual damage has been sustained by
Wall beyond possibly small amount
for smalhtonnage OF this class OF ore.
Suit has many earmarks of personali-
ty and IL is not taken seriously. Nat
urally Il may cause annoyance to the
Utah Copper Co.-Pollock & Co.
Calumet Mich. Dec. 3.-The Bos-
ton market has been very active today
and good advances were secured in
some of the stocks.
Adventure after a long slumber, was
the feature, opening at Z and selling
up to S% with no more news TO ac-
count for the advance.
Lake was cratic selling at "a i'm the
early trading. advancing to 80 about
noon ana reacting to 55Ei near the
close.
North Butte was steadily sold today
in small lots without any appreciable
weakness in the stock. The buying
looks better than the selling in this
issue.
The curb favorites of the past few
| days, Chief Consolidated and Cactus,
were rather plentiful today at slightly
lower prices.
| Lake Superior and Arizona was m
demand around ~ with little offered
Santa Rosalia was quiet with bids
of SO and s3H asked.
According to the policy outlined in
these bulletins on Sept. IL and Sept
Is, Isle Royale is carefully feeling is
way into the future, and looking 10
that end, it is very slowly reinstatine
a few Of the men and drills on devel-
opment work which were curtailed
early in Sept. It is not likely that the
aggressive development work in hand
previous to that time will be wholly
restored at nearby date but as an Of
fetal of the mine stated to me at the
time of the curtailment, 1--WE are feel
ing out way, and future policy viii
depend upon subsequent development
The first step to be taken Is to make
the property pay its own way. Then
after that is accomplished will be able
to see our way into the future better
and will advance conservatively in the
direction that seems right"
II isevery probable that Isle Royale
has been paying its own way since thu
development work was stopped early
in. September. and that the money
which 1t Is making above expenses Is
now TO be put into development.