The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1909-11-18
GAY g. sTUReis GOSSIP.

New York, Nov. ISL understand
that between 5O,O00,0OO and 6O,OOO,oOO
pounds of copper have been sold at
about 1914 cents. There is also story
here to the effect that Butte Coalition
will go into the copper consolidation
mt a price between $40 and $45 share
and that Greene Cananea will go i'm at
price between SIS and $40 share.
believe these figures are safe to count
)n.-J. w. Prentiss.
New York, Nov. 1S.-Henry c..
Coursa, for seven years assistant gov
ernment sampler at the Williamsburg
and Jersey City piers of the American
Sugar Refining company, declares that
the trusts agents bribed samplers to
take a lower grade of samples from
the sacks and to substitute the low
grade samples for high grade in the
cellars at the piers. 1t was upoh
Coursa's evidence that Wilbur +.
Wakeman, then appraiser of the port
made his report to ex-secretary of the
treasury, Gage. Mr.. Wakeman stated
Havemeyer was consulted, but with
out any satisfaction obtained by the
government.
Copper stocks in London show
strength.
Indications point to a winter wheat
acreage 10 per cent larger than year
ago.
The New York Air Brake Co. Is
running full time and doing the lars-
est business in it's history.
Texas Central shows a large de-
crease i'm earnings on account of the
reduced Texas cotton crop.
The money market is working easier
here and abroad.
Chicago money was offered hero
yesterday on time, a most unusual oc-
curance for the month of November.
The current quarter will show a
large gain in United States Steel's un-
filled tonnage.
Twelve industrials advanced .32 pei
cent.
Twenty active railroads advanced
"a Dow Jones & Co.
Calumet, Mich, Nov. 1S.-This has
been another big day in coppers. Am
algamated, North Butte, Lake, Copper
Range and Coalition were the favor
ties, with moderate activity in the
balance of the list.
There seems to be little doubt but
that the long expected announcement is
near at hand. With North Butte SELL
ing at 6SA, Coalition 22h, Amalgamat-
ed 95h it would seem as though
Greene Cananea should be selling
much higher than ut present.
The curbs were overshadowed by
the Boston market to such an extent
that they were almost lost sight of to-
day. Cactus was in fair demand around
SO. but little can be expected i'm the
curbs while the Boston market is at
boiling point.
New York. Nov. 1S.-The bank #
England rate remains unchanged,
which would seem to indicate the fact
the Budget, and that n general cleo
ton i'm England will be necessary has
been discounted.
Both call and time rates in New
York showed a somewhat easier ten
dency. all of which makes me think
that we have turned the corner I'm the
money situation and barring perhaps "a
slight furry for n day or two, we are
not going to pay much more atten-
ton to the money market.
The long expected Missouri Pacific
financing has been announced and the
Telephone company has finally bought
the Western Union. Both these deals
had been long since discounted.
The street is talking now of hold
ing company for the Hawley roads, a
segredation plan for the Union Pacific
and very satisfactory reorganization
plan for the Interboro Met, and 1t IS
said that these threa things will De
announced very shortly.