The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1910-11-30
MINES AND MINING, STOCKS

me they are in good financial condi-
ton TO carry out any program of re-
striction or refusal to sell at low prize
es."
We understand that Phelps Dodge
a Co. have been advised by DR.. Rick
etts that by next April he expects TO
have the copper costs OF the Greene
Cananea down to nine cents per pound
Large interests i'm the company have
stated that by next summer, at the
latest. Greene-Canan will be in a
position. II II so desires. TO output g.
100000 pounds of copper per month.
Calumet. Mich. Nov. S0.-The New
York market opened weak and prices
sagged of practically throughout the
session. the closing figures being at
the lowest.
In the Boston list Utah Cons. opened
az p l-2 and quickly sold off TO 16 IL
later recovering TO IS North Butte
opened at SO SIS and sold off to 80 S-4.
Superior Copper l5 TO 40 "a. Allouez
80 to Al and so on throughout the en-
tire list with practically the lowest
figures being seen al the close.
The curbs did not show any decid
ed change Chino iuctuating between
% - and "a S-4 and Inspiration be
tween ga and 10 is.
Adventure 10, Allouez 23O. Ariz. Com.
Lass. Coalition 10. c. & A. 60. c. <
RI. I, Centennial 10, Range 4l6, Frank
lin 225, CRANKY 70, La sale $50, Mass
500, Michigan 80, Mohawk 20, Neva-
On Cons. 500. North Butte 3,161, Old
Dom. 20. Osceola $40 Superior 1,19O,
shannon 500. Utah Cons. 6,45O, Wi
mona 450, Algomah $50, b. & b. 545,
EAST Butte 2,1S0, Giroux 72O, Hancock
700, Indiana 225, Royale LOO Lake l.
go Raw Cons. 100, s. & p. 117O, S. !
4 -. 100, Smelters 1905, North Lake
7O.-Gay & Surgis.
Boston, Nov. 3O.-On Utah Cons. ,
break we hear that il may be due 10 |
liquidation Of the 1000 shares of stock |
left i'm the estate of the late Samuel !
Clemens Mark Twain) and which was
bought for the latter by H. II. Rogers.
New York Nov. SO.-Regular divi- |
dend on Utah Copper and Nevada |
Cons.
Chicago. Nov. 30.-Harriman Pacifics |
are getting inquiries for 1876 locomo-
tives of all types evenly distributed |
and contemplate buying between 100,- !
GOO and $4,000 tons Of rail compared !
with 275,OOO tons last year.
Decision regarding railway equip |
ment needs outside Of locomotives is |
not definite but rail orders will be
based on ordinary renewals without |
regard to new construction except |
what old rails can accommodate. Harri- |
man Pacifics have received only 1000 |
cars of 1000 ordered this year and !
remaining 10000 will string along un-
til next summer.-Dow Jones & Co.
At the Winona and King Philip ]
Jointly owned stamp mill. it is likely /
one head will be completed and in ser !
vice early i'm January 1t will handle |
Winona rock and treat probably $50
tons daily. The second head is erected |
but will not be ready for some months |
later. 1t is expected TO treat King |
Philip rock.
Winona No. 4. the southerly shaft
is cutting the station at the 18th. At
the l4th the drifts show average min
eralization. During the past week the |
south drift has been particularly good. |
King Philip No / shaft is 1916 feet |
south Of Winona No. 4 bottomed very |
near the 18th level The deepest drifts |
are the 18th level which are in good |
ground. King Philip No. shaft 27SO |
feet south Of No ! is near the 18th |
but will cut no station till the 18th. |
The drifts at the 10th have opened |
some good ground. although the min !
crallzation is not as persistent as in |
No. 1 Shaft-GaV x Sturgis