The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1910-12-03
n. j. Miller, of Miller e. Co.
BOSTON, DECEMBER 2.

Copper producers seem to have more favorable out
look the in spite of the general depression
which to have taken hold of the business COM
munity The foreign figures do any decrease
of any the month consequently
there much enthusiasm the Forthcoming fig
to he by the Producers Association de-
expected but it is not estimated 100000
pounds and some put it as low as 100000.
Forecasts however regards the metal situation
have been notably but there is little reason for
confidence that big reduction viii DE announced.
The meetings of the different producing interests in
New York recently. which is described love feast
has attracted considerable attention Evidently the
outlook for announcements of merger plans is good
but there is likelihood that the metal selling bus
mess viii be concentrated than is the
However that may be there show of
operaton and less Of the dog eat-dog business than
we have previously seen. European demand Keeps
good and is the bright feature of the market.
J. H. Cody, of Miller & Co.
NORTH BUTTE-TUoLUMNE-
one Of the most important announcements of the
week in copper mining circles that concerning the
settlement of the difficulties between the North Butte
and Tuolumne Mining companies This litigation had
been pending several months past and involved the
ownership Of a piece of ground upon which the Tpol-
vein has its long and costly legal contest
impending. BY the terms of the settlement the
damage and injunction suit against the Tuolumne by
North Butte was dismissed Tuolumne comedies to
North Butte absolute ownership of all the Jessie vein
while North Iitte comedies that the North Tuolumne
and Jessie veins unite depth of 412 feet below
which POINT Tuoumne is permitted to operate.
The officers o the companies issued statement
corning the adjustment. which reads follows
1T found, the controversy developed that the
claims Of the respective parties involved large of
money ownership of important bodies. but
times the contentious of both parties have been such
that there question to the good faith of eth
party asserting the claims involved in the
versy AMI litigation
"A of the questions in controversy have been taken
by the parties under the conviction that fair
promise of advantage each. The engineers
attorneys respective companies have held fire.
quent meetings have discussed with absolute frank
AL facts and legal propositions involved.
of the difficulty of absolutely determining of
questions and the heavy expense necessarily incident
TO such litigation, with the probability Of the bodies
in dispute having to remain unworled by either party
for long period OF time it is believed to be mutually
advantageous that settlement and compromise should
recommended.
Such recommendations made and the principals
have carefully into the matter and believe
compromise reached substantial recognition of
the rights of both parties. is of advantage and
that long. expensive litigation has been
avoided,
In connection with the North Butte; directors of the
company will meet this month to take action the
quarterly dividend. 1t reported early
the company would pass the disbursement which reg
ularly would be paid about the 22nd next month.
However. such step is hardly likely company
quite easily earning the of thirty cents a
share quarterly.
QUINCY
The recent acquisition OF the property adjoining
Quincy Go the north has caused a circulated
that the Quincy company contemplated the issuance