The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1910-01-07
GAY G. sTUReis GOSSIP.

Calumet, Mich, Jan. North Butte
was again the weak feature today i'm
the Boston market, with sales recorded
as low as 41A. Later there was a re-
covery of two point. The balance of
the market did not show any material
changes for the day.
Ray Central was the feature i'm the
curb list with sales recorded as high
as 81, on news Of an immediate issue of
50. 000, 900 worth of bonds.
There was better demand for Santa
Rosalia and the price advanced easily
to 2%.
Superior & Globe, Keystone, Cactus
and Chief were rather quiet. There IS
good sized buying orders for these is
sues just under the market.
1t looks now as if the bear news on
North Butte might be exhausted for
the present
Boston.-This North Butte hurts. II
is fast taking all the gimp out of peo-
pie as regards copper shares. In con-
nection with the action of steel which
shows distribution a boom looks rath-
er remote at the moment-I. ]. S.
There has been some doubt as to
whether n. Butte stockholders would
have the opportunity to enter COM
bination of Butte producers; but it
can be stated that it is the present in
tenton to include North Butte.-News
Bureau.
New York-Sentiment here still con-
tinues in bad state. The professional
element does not seem to have any
very decided opinion one way or the
other. There seems to be considerable
uneasiness over the Rock Island cpl
sode and all sorts Of gossip is out that
this is being revived. The street knows
pretty well now just what the presi-
dents message will be. 1t should make
n favorable effect on sentiment There
was some good buying of u. S. S. yes
terday and that stock is very strong
in London this morning.
Much higher prices are talked for So.
Pacific. Bull tips are still out on Gas.
We have not been without a bull tip
on Gas for so long that if it vanishes
we should miss it badly.
/ continue to look for considerable
irregularity i'm the market and would
sell stocks on the strong days.. w.
p
Boston, Jan. THE News Bureau
says While tho North Butte directors
as individuals may have their minds
made up as to what the attitude will
be regarding the dividend when the
question comes up for official discus
sion the board has not yet considered
the matter. A reduction in the rate is
considered a strong possibility but that
the dividend will be passed is not be-
lieved probable. on the 1920 level,
North Butte has encountered some
very erratic and broken ground. The
drift is now i'm about 1000 feet from
the shaft and both driving and stop
between two faults. the ore body is
good and promises to become wider as
depth is attained. 1t is here that the
management hopes to duplicate, in part
at least, the richness of the 1,S00 level.
Boston. Mass.-It is rumored that
there is something radically wrong
with conditions in the North Butte
mine. 1t is also rumored that Cole and
Ryan have had dispute over the
proposed merger. When the merger
proposition of the first came up, Mr..
Cole wanted to be the head, but Mr..
Morgan preferred Mr.. Ryan, who has
the support of the steel interests. 1t
Il will be recalled that Mr.. Cole had diff
fculty with the steel interests before.
Boston Financial News.