The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1909-11-22
GAY G. sTURGis GOSSIP.

Calumet, Mich. Nov 22.-Hancock
Consolidated and Lake Copper were
the features of the Boston market to-
day. The former selling up to 2OA on
report of striking the lode i'm the verti-
cal shaft on Saturday. The latter add
Vanced to 40 on report of increased
richness on the fifth level Most of the
stocks opened fractionally lower but
after the first hour there was "A decided
change for the better.
There was an enormous volume of
business i'm the New York market the
sales for the first hour amounting to
over 100000 shares with fractional
changes.
In the curb list Santa Rosalia was
stock offered. Expect to hear some
good news on this property I'm few
days. Chief was also i'm demand
around IL. The balance of the list
was very quiet. So -
New York. Nov 22E-It is under
stood that more than a million shares
of the stock of the Cumberland Ely
Copper Co. out OF a total OF 1900 900
shares have been turned i'm for ex-
change for stock of the Nevada Cons.
Copper Co. AS the Nevada Cons.
which is controlled by the Guggen-
helm interests will be included in
the copper merger, IL also will carry
with it the Cumberland Ely property
which can produce 20 or % MILL IN
pounds of copper year. While moth
ing definite yet has been decided up
on, it is stated in well-nformed quar-
tiers that the copper refineries which
are controlled by the Guggenheim in
terests will also be included in the
merger-Dow Jones.
New York. Nov. 22.-The STANDARD
OIL decision gave the street a pretty
bad jolt on Saturday but over Sunday
the general opinion seems to have de-
veloped that 1t will not be such a
tremendously serious thing after all.
at least not for the immediate present.
Principally bullish talk still continues
on the copper shares and believe il is
in these shares that we are to have
most of the speculation for some time
to come, but as / said last week, this
copper consolidation will not be an
nounced as soon as has been general
ly expected, and I cannot help feeling
that it is god judgement to take some
profits
Money conditions last week were
easier. and / believe the corner has
been turned i'm the money situation.
The political situation in England is |
bad, and our foreign advices are far
from bullish. Early London prices this |
have come over down, and |
sentiment here among the trading ele-
ment is sufficiently mixed to cause ]
irregularity in the mar
ket.--J. W. =.
New York. Nov. 22.-American stocks |
in London heavy II to y below parity.
Standard oil decision in full publish
ed, and is of the most sweeping char
lcter with possibility of far reaching
]. ]. Astors yacht Nourmahal safe
ut San Juan Nov. Is.
Isthmian canal commission advances
probable cost estimate TO $685. 900.
British Budget comes up today in
house of lords and rejection expected
IN Thursday.
London settlement begins on We'd
lesday.
Special meeting of Buffalo. Rochester
Pittsburg today.
Cotton ginners report today at 10
/. m.
Iowa Central report for 1909 disap-
pointing showing unprogressive condi-
ions.
Wells Fargo Melon" means $500
100 TO Southern Pacific treasury.
Bank statement shows no important
hanges in actual condition.
National City Bank shows largest
decrease In loans and cash.
Twelve industrials declined 81 per
ent
Twenty active railroads declined .S5.
ID. ]. & Co.