The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1910-10-15
NUTRIENT ...:::.,
= GOSSIP ~ l iiE
NEW YORK. OCT. IL, 1910.

IL
n
" NEW YORK. OCT. IL. 1910.
Much as we have for some time anticipated
ssienty predicted our security has been
ened out this week into something like respectable pro-
portions with general advances made both
vering buying by interests committed to
dissipation of much Of outside pessmism so long
existing which apparently only be combatod by
visible demonstration that wall as of old can
IL it be desired lead the a cheerful as
pect OF affairs. News has little Perhaps agree
ment the cotton bill fading matter is the most
important item having influence The steel state
meut of tonnage and continued delays in
rate matter have only been anticipated.
Politically Wall Street views continue that an
increased Democratic representation be a bull fac
tor view in which join. Certain IT is the Re
publican party is meeting with poor financial success
| in this neigrborhood. that know.
Money is harder. but settlement OF the cotton bin
guaranty matter will help early reaching of the
sold mport point Railroad cummings continued mixed
and will probably be than better some little
time.
All In all nothing o change our optimistic
views that the heavy weight speculative favors
better security market that the technical posi-
tion continues this accomplishments Rcae
tions there be shortly following this advance They
should be avaied for bull commitments
n. J. Miller of Miller & Co
BOSTON, OCT. H.
Small sales and firm market characterized the .
copper situation during the past week Probably the
most important announcement was that the Rohchild
interests would heartily cooperate with the leading
American interests in the restriction of copper ouput
This means that there will a general restriction
throughout the now standing connor
surplus is ridicuiously small in comparison with the
size of the industry.
American stocks in the hands of manufacturers are
the smallest In years. No has under the nee
essV oil ouyirg any copper, as it could be upon
oelahd at any time This condition is that
rapidly pass away if copper consuming trades should
look which they bid fair to do Metal agencies
are sold wen into middle of December and are
feeling very well the outlook In other words
the trade has been lquidated a standstill as has
about every known commodity industry on this
side of the Atlantic ii is now simply a oues-
ton of waiting until they start UP again
Europe continues to absorb large amounts Of conner
sood deal of for stock account Europe al
ways buys the cheap copper America never does and
history provcrbi2lly repeats itself wire business
which has been dun and unruncd for the past two
years has recently seen slump in prices which win
hepas that will shout clean up stocks in that quar-
ter and let them start with clean slate
Unquestiona6ly is in better things and they
will soon make themselves apparent in the security
market in which all interested
j. II. Cody, Of Miller & Co.
NORTH BUTTE
'>'r'h Butte shareholders will receive quarterly
dividend If thirty cents October I'D 1t is expected that
with this dividend will be submitted the quarterly re-
pert and as near be this writing
1t viii be very satisfactory statement
The latest reports the property Indicate that
on the Edith. May vein. east at the 23OO level a
drift has forty feet showing the vein
seven feet wide aud averaging 61 "copper"
on the same vein, has been disclosed for thirty
hve feet with the average width but running
IN per cent copper. The Company is doing consider
able work on the Gem vein this lode has been
found to vary in width averaging approximately eight
feet and containing Az per cent "copper" with high
silver values.
The Spectator shaft Is $500 feet deep and will
continue downward for some time The Granite Noun
tain shaft has been pushed down rapidly and CON
meets with the Spectator shaft at several levels
1t was reported this week that North Butte had lost
'ut in its litigation with the Tuolunne Company but
has later denied. Irrespective the outcome of
his suit North Buttes value will little impaired
Success in the Tuoumne litigation would simply mean
hat much added value the property.
MASS CONSOLIDATED
Considerable interest was developed in Mass this
week. and when it $1,000 sold for the highest
rice in months President I.nncll recently visited the
property and spent about weeks I'm a Thorough
of conditions underground Since Stunt
Walker assumed management OF the property there
las been gradual Improvement the mineral con-
ent OK the rock stamped the August running IND