The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1910-12-05
ume of these important factors. MI

1
following Blumenthal, of Lazard Ere
res the Guggenheims with all their
all that it means as regards Lehigh
Valleg, Rock Island. American Can.
and the Hawley crowd with their enor-
nous qualifications in Chesapeake &
Ohio, NJ. *. 7. etc.-all these interests
are supposed to be bulish.
"Now, when you come to other bull
ish factors; crops are good and will be
sold at satisfactory prices and our
money troubles are back of us; inter.
rational trade tendencies are more
favorable than they have been in
long time. and there is plenty of mon
ey FOR investments, as is certified by
the recent success in such Offering as
Pittsburg steel. etc. stocks OF mer-
chandise In retailers hands are small
and will need replenishing quickly
enough. Mr.. Roosevelt is a back num-
Der politically; good stocks, many
Of them. are paying from 51a to per
cent on the investment; commodities
are showing a steadily declining ten
dency; there is more economy in pri-
waite living; commission house obliga-
tionS are moderate; and last, but by
no means least, excessive taxation
abroad is forcing investors to America,
Now TO take the other side of the
picture" continues Mr.. Miller: "Mr
Rockefeller and the so-called Standard
oil crowd are not bullish on the mar
het and have not been for long time
past. and influence some powerful
shares, and have kept some of our
prominent newspapers bearish.
There is an excess of loans over
deposits steady liquidation has been
going on all the year; business is not
good and improvement seems to be
more in the promise than the perform
ance; it is by no means improbable
that should certain things not improve
some of the standard systems may re-
duce their dividends next year; the
unpleasant position of labor as wages
are not advancing and the cost of liv
ing is at an altitude well nigh unen-
durable; the pending trust decisions
will probably not reach us until May
and there is grave apprehension that
the Interstate Commerce commission
will not allow the advance in freight
rates.
CAS- far as | am personally concern
ed. l do not believe We shall have a
big bull market with good speculation
until the freight rate question is set
tied. Some people tell me it will be
settled by the end of January, but Il
would not be at all surprised If we see
the last of February before it is out of
the way i-"''
Shannon's annual output before
1910 is estimated at 100000 pounds;
16, 10000 having been produced up to
the present time.
A local news service says: 1.-THE
same policy of mining seems to have
been followed in the cases of Utah
and CRANKY in that the arrangements
went ahead producing without taking
the necessary precautions of opening
new ore to replace the old"
The Great Eastern vein at the
eighteenth level of the Superior and
Boston shows an entire width of 81
feet. There is barren place IA feet
wide but the entire mineralized face
is 23 feet. There is about three feet
Of high grade ore.
Live Oak is planning to extend its
drill operations and has purchased
two more outfits, making seven in all
These drills will be used 20 explore the
new ground 400 feet south of any pre-
vious discovery, which was recently
developed by drill No. 4.
Arizona Commercial has cut four
feet of additional rich ore so foot be-
low the 200 foot level, making the de-
post 20 foot wide instead of 16 as at
first reported The Eureka shaft is re-
ported to be down to the $50 foot lev
ell and the tenth level will be reached
by Dec. goth.
1t is expected that the Chino con-
centrator will go into operation by
July 1st. It's capacity will be $500
tons day when its maximum is
reached.
a
The Miami concentration will be in
operation or ready for operation by
the middle of January. The manage
ment Of the property estimates pro-
ducng cost of cents a pound.
An insider we'll informed in Utah
Cons. matters, says the property has
not been given a chance in the past
or years. owing TO the litigation
with farmers and the generally unsat-
isfactory condition Of operation, de-
elopment and exploration work ha,
run behind. He states that he believes
that the property will work out agar
all right when the proper methods o
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