davidaulloa/AmericanStories huggingface dataset:
The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1910-01-06

John stanton says Lake Copper is
very strong at 14c and that Ice would
not surprise him 30 days hence. He
looks for the forthcoming figures Of the
copper producers association 10 show
decrease of 10 million lbs.
The following circular is being sent
TO Tamarack stock holders: your
directors have caused 10 be organized
a new corporation known as the Clin
Mining company with an authorized
capital of 100000 shares par $25 in re-
turn for the conveyance of the social
ed Cliff lands. not including the tim
Der thereon, and for 100000 i'm cash
the Tamarack company is to receive
10000 shares of the new corporation
paid up To the extent of $13 per share
and assessabe 10 the extent of $12 per
share. These are now offered to stock
holders of record Of the Tamaracl
Mining company at the close OF busi-
ness on January s, 1910, at $13 per
share. each stakeholder being entitled
to purchase one share of stock i'm the
new company for each share of Tam
arack stock owned by him. The stock
offered has all been underwritten at
$13 per share without commission.
The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1910-01-06
GAY & sTURGis GOSSIP.

Calumet, Mich, Jan. 6-The Boston
market rallied somewhat today but no
great-activity existed at any time.
North Butte, as usual, was the ex-
ception, selling down To as. The latest
rumor is that the next dividend will be
.passed or cut.
Superior Copper advanced three
points near the close with no news TO
account for the advance.
In the curb Inst. activity was lacking
and changes I'm prices few. Cactus.
New Baltic. Superior & Globe Chief
Consolidated and Yuma, the leaders of
the past few days, were slightly weak
er and i'm less demand
Santa Rosalla sold at s. with fair
demand at this price
People familiar with the contents
OF the coming presidents message say
ii is conservative and will adj
strength 10 the general market
Boston. Jan. e-The News Bureau
says That North Butte may pass or
reduce its forthcoming dividend is one
OF the explanations advanced for the
recent decline in the stock. Well post
ed interests with Cole-Ryan affiliations
claim 10 have information that IL will
be passed The best opinion Is that the
public owns North Butte today.-Gay.
Great Falls-Aftcr month OF idle
ness the Boston a Montana smclter
resumed operations yesterday with a
guarantee bV the Great Northern Ry.
Co. that IL would bc able to deliver ore
az the works. and with understanding
with the smelters union. I'm accordance
with the expression 81 sentiment given
In the referendum vote ~ That organ
ixation Monday. that It's members
would keep hands on In the switch
mems strike and handle all ore. no
matter by whom switched. The Bos-
ton a Montana mines In Butte viii re-
sumo immediately Financial News
butte The mines In the Butte camp
The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1910-01-06
PAINE, WEBER & co. GOSSIP.

We understand that there were sales
of Lake copper made yesterday at
14is and that Boston copper inter-
csts refused TO sell at that price.
Some of the larger copper interests
in New York are expecting to see
quotations of IS cents for Lake and
electrolytic copper before February
first.
AS the situation stands tonight II is
more than probable that all Amalga-
mated and subsidiary mines will be
closed down for an indefinite period
At their meeting tonight the mem
bcrs of the miners union repudiated
the resolution of the conference COM
mittee which recommended that steps
be taken to relieve the strike situa-
ton and to supply switchmen TO take
places of the strikers and i'm utter de-
fiance OF the demand of the President
j. u. Ryan, that they assist i'm mea-
sures to break the strike which is
tying up all ore trains, they adjourn
ed without taking any action what
ever. All of the Amalgamated and
subsidiary mines including North
Butte were closed down tonight to
give the miners an opportunity to vote
on the matter of resembling their
action of Sunday and it is doubtful If
they will resume operations tomor-
row.
The New CRANKY stock will be OFF,
cred to stock holders at SIS share
which will ensure valuable rights to
present stockholders.
Shannon December output 1,49S,0O0
pounds.
Quincy December output 1,522 tons.
Mines i'm Butte are gradually re-
opening. All the mines are now work
ing which were operating last week.
The smelter at Great Falls expected to
be running full blast in another week
and unless something unforeseen hap
pens all will be well.
The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1910-01-06
Mining News

from which the bulk of the ore has
been taken at the Arizona Commercial
mine was encountered The Eureka
shaft is about SO feet lower than tho
Williams shaft at the collar.
In view of the recent change In
ground at the Williams shaft no small
amount of interest is being manifested
in the National Mining Exploration
property both in the local field and in
the east. From every geological indi-
cation i'm evidence, the Williams shaft
should get ore underneath the present
calcerous formation, the lime being Of
course strong indication of heavy
naturalization, this theory being fur
Their strengthened also by the nature
of the ore occurrences at other mines
i'm the old Dominion and Copper Hill
districts of the Globe quadrangle
Globe Silver Belt.
The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1910-01-06

are gradually re-opening and all the
mines. which were not operating last
week. are now working. News Blu
rcau.
New York. Jan. 81 have hccn won
doriug for three days just what was
the matter with this market and am
sure that do not know yct. II seems
10 be a combination of politics. higher
rates FOR call money and a somewhat
over-extendod public an ] want o. i'm
press upon your minds that The public
has got much more stocks than any
one suspects. ! have taken pains 30
Inquire from money brokers as to the
amount 81 business they have been
doing and End that every one ~ thein
H. doing a land Office business and the
broker house which generally borrow
money In sipo zoe iots are nov doing
n In $500 600 iots Furthermore. the
amount Of the money that has been
The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1910-01-06
UNLISTED STOCKS.

j. A. Minnear and Co. say today:
The further sale of stock, particular
ly in the morning session, apparently
discounted the presidents message 10
congress, which will be given prob
ably tomorrow. one this is out of the
way prices will seek a higher level.
The selling To-Day found good buying
orders and in a number of issues gains
were scored for the day. Coppers with
but a few exceptions were higher.
Superior, Lake and Tamarack were IN
most favor all day and scored sub
stantial advances. North Butte was
the one real weak issue on the Boston
board. We were informed by wire
from Butte last evening that indica-
tons pointed strongly To an immediate
resumption Of operations in the camp.
II is rumored that Tamarack contcm-
plates changes at Nos. l and shafts
which may permit decreasing of forces
at these points. on the curb. Superior
& Globe and Montana Clinton were
active features.
There was good buying of Ray Con-
solidated, Miami being sold and this
issue bought New Keystone was Of
fractionally. Hancock was i'm favor
and advanced almost three points on
eastern buying
The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1910-01-06

IN mining stocks were made I'm the
Duluth brokerage Offices Tuesday IF
which 23,OOO of the total were c. q g.
shares.
The acquisition Of a block OF $4,000
shares of Calumet q Corbin by "A
group Of st. Paul men on the Duluth
stock exchange this morning repre-
scented the final transaction i'm the ac-
tual reorganization of the company,
though the plans of the underwriters
have not been fully carried out
says the Duluth Herald. The
stock was obtained at $1.12h
More than 10000 shares of the stock
changed hands in the morning. The
block of $1,000 shares represents the
guarantee of the underwriters to car
ry out their plans of reorganization.
The capital stock of the Calumet q
Corbin is now S1,5OO,OOO, represented
by 100000 shares. having a par value
of $40. The owner of the property
holds $4,000 shares and the public pur-
chased 100000 shares ut 81. In the re-
organization the 10000 shares will be
called in. The capital stock of the
recognized company will comprise
100000 shares with a par value of 81.
The stock will be full paid and nom
assessablc. Two hundred thousand
shares Will be retained in the treas
ury. OF the remaining 100000 shares,
10000 will be exchanged share for
share for the 10000 shares now out
standing. The other 10000 shares OF
new stock will he taken by the under
writing syndicate, which comprises a
group of st. Paul men. The present
stock sold today at s1.12h and $1.1Sh
The president of the reorganized
company will be Capt. ]. NJ. Wilcox,
superintendent of Mass Consolidated.
b. j. Cook Of Duluth will be the treas
urer. The secretary. vice president
and the other five directors will be st.
Paul men. The transfer office will be
in st. Paul.
A large stakeholder said today that
the shaft is down 300 IT, and that the
company intends to put it down to the
1,OOO-foot level, having ordered COM
pressors, boilers and other machinery
The hoist now i'm use has a capacity
for 1000 feet.
The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1910-01-06
SUPERIOR 6 BOSTON.

The management of the Superior *
Boston Copper company is now plan
ming to begin the driving of a crosscut
from the drift running from the Great
Eastern winze This crosscut will
when extended meet the crosscut now
already driven some $50 feet out from
the McGaw shaft on the sixth level.
The object of this work, which will
probably soon be initiated is to hasten
the connection of the McGaw shaft
with the Great Eastern workings,
thus facilitating the development work
by making it possible to remove both
the ore and waste from the mine
through the McGaw shaft, which will
i'm the future be the main working
shaft through which both men and
supplies will have access To the mine.
1t is by no means improbable that the
crosscut from the McGaw to the drift
leading from the Great Eastern winZe
will be finished by Jan. Is. The to-
tai distance between the McGaw and
the drift is about 800 feet.
The Prescott pumps already on the
ground for installation on the sixth
level of the McGaw shaft will be put in
place soon. The station cutting has
been completed. This station is east
of the McGaw shaft and is fifty feet
wide by nineteen feet VIDE inside the
timbers. These pumps should be in
stalled and working at no very distant
date and sinking of the McGaw SHAFT
will probably be resumed before the
pumps are working as there is no flow
of water in the McGaw at present that
would interfere seriously with the
work
The two $50 horsepower boilers that
have been ordered as an addition to
the present 500 horsepower boiler plant
are on the way to Globe and will be in
stalled Immediately on their arrival
The 200-ton ore bins that are to be
erected just north of the McGaw shaft
are now under construction. the franz
ing of the timbers having been begun
last Monday.
Superintendent j. ID. Wanvig OF the
Superior a Boston mine Is employing
about ninety men.-Globe Silver Belt
The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1910-01-06
STOCKS


Boston-The market opened with
continued liquidation this morning ana
toward noon time the break was rapid,
stop orders being caught and weakly
margined' accounts sold out. on all re-
actions, however, the buying was es-
pecially good and when the turn came
there was very fe wstocks offered for
sale. North Butte and Copper Range
rallied a point and Lake rallied 80
points. we understand the president
message will be favorably received
The copper producers report on Tues
day should show a material decrease
in the copper surplus in this country
and will be a bull factor on coppers
The whole list has had fair reaction
the past few days and it looks as il
the bottom had been reached. Paine
Weber & Co.
The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1910-01-06
NATIONAL EXPLORATION.

A force of about twenty-five men
working under the supervision of Su-
perintendent II. w. woodward is -ad-
vancng the development work at the
property of the National Mining Elk
ploration company, located near Cop
per Hill and about four miles from
Globe. The developments there are Of
a most encouraging nature. inasmuch
as the lime magnesia formation en-
countered i'm the shaft a couple of
weeks ago at a depth of 1884 feet still
prevails. Recently. however, there
has been slight change in that the
lime which was soft when first opened
is now getting harder and is mingled
with considerable quartzite and some
iron Copper stain also prevails
throughout the lime formation, thus
giving promise of the development of
copper deposits when greater depth
is attained.
The present depth of the shaft is
4i0 feet. The shaft is nine feet by
seven and one-half feet The sinking
is being prosecuted with the aid of two
machine air drills. A survey of the
bottom of the shaft at its present depth
reveals a solid white formation con-
sisting chiefly of lime and magnesia.
In, places the walls are stained with
iron The general dip of the strata at
the place where the shaft has been put
down is TO the south.
Assays of the material i'm which the
shaft is sinking show large percentages
of lime and magnesia and occasional
specimens contain from Ia to IL OF.
of silver to the ton. The material is
gradually hardening with depth and
will in all probability merge into
Quartzite eventually.
The Eureka shaft of the Arizona
Commercial property adjoining, which
was sunk under conditions very sim
ilar to those now being developed i'm
the Williams shaft, shows forma-
ton which it is reasonable to suppose
viii be closely paralleled i'm further
sinking on the National Mining Ex-
ploration property. The Eureka shaft
az depth of 263 feet struck lime OF n
comparatively soft nature. This lime
became harder with additional depth
ana eventually quartzite came i'm at
about 800 feet from the surface. At n
depth of $50 feet the Black Hawk vein
The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1910-01-06
w. hurteII
ThE oPToMETRlsT

has returned 20 Calumet and will be
Glad 20 welcome his friends and pa
irons. omes hours 10 6 and 7 20 s
.. m. in coppo block. Sixth street. op-
posite vertin Bros. Eyes tested and
glasses made 20 re- Satisfaction guar
srteed. Phone go IL Coz private
The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1910-01-06
NEW YORK STOCKS.

Gay q sturgis furnish the :oliowins
New York quotations:
The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1910-01-06
GAY e. Sturgis says

Boston. Jan. 6.-The markets today
gave a demonstration of the fact that
they are not as strong perhaps as they
look. Acute weakness developed early
which extended throughout the list
and caused in many cases material
declines. 1t is evident that at least a
portion of the speculative public or
the cliques and pools have too many
stocks and while basic conditions are
cminently. sound and almost entirely
favorable, a digestive period may be
necessary before any further advance
can take place. Certainly 1t does not
look as though an accumulative mar
ket would act as this one did today.
Confidence in ultimate future of cop
pers is as strong as ever but opinion
as to course of prices generally which
last week was nearly unanimous, Is
today very much mixed. A waiting at
titude looks most attractive until the
real trend becomes more apparent
|. J. Stursis.l
The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1910-01-06

invested i'm the outside coppcrs ia
perfectly tremendous There has been
"a tremendous speculation In such
stocks as Miami Chino. Ray Cons.
Kerr Lake, New. Cons. keystone. etc.
Nearly everybody has been making
money In these stocks and nearly
everybody has got too much ~ them.
You can easily verify this by looking
"a your own books
Please take this gratious expression
az opinion % minc in the spirit ,n
which 10 o. sivcr.-J. w =.
The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1910-01-06
MERGER is RATIFIED.

London, Jan. 6.-At special meet
inc of the Boston Consolidated Copper
CO.. bore yesterday the agreement FOR
an amalgamation with the Utah Cop
per company was ratified.
The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1910-01-06
cALUMET-coRBlN.

Calumet & Corbin stock was very
active on the Duluth stock exchange
Tuesday, $4,000 share transactions
taking place. According Go advices re-
reived here 32535 share transactions
The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1910-01-06
mlNNeAa q cos GOSSIP.

The latest from Butte - az fellows.
The Poston md Montana VIII start
work right away Tho strike of TIE
sNitchmcn - practically settled an I
other mines win resume shortly.
The Spokane press. [volume] (Spokane, Wash.) 1902-1939, 1910-04-28
THE TURKISH
ARMIES ARE
BADLY BEAT
FIVE HUNDRED MEN KILLED.
ALBANIANS PRESSING HARD
ON TURKS.
(By United Press Leased Wire)

(By United Press Leased Wire)
CONsTANTINOPLE, April 28.-
Via PhiIlopoIis.-Contnued victor
les on the part Of the revolving Al
banians over the Turkish armies
sent against them are reported in
today's dispatches from the prov
ince of Albania.
According to the last reports, ap-
proximately 500 men have been
killed and twice that number
wounded in the last "a hours of
fighting.
Great squads of Turkish troops
have mutinied and hundreds have
deserted to avoid fighting against
their co-religionists, the Albanians
The government is alarmed over
the manifest unrest of the people
in all parts Of Turkey and there is
much danger of uprisings in other
provinces.
The young Turks regime is in
danger of complete overthrow as a
result of the continued lack of sue
cess of the .loyalist soldiers in the
field. !
Prominent government officials
are being carefully guarded for fear
that attempts to assassinate them
might be made.
The Spokane press. [volume] (Spokane, Wash.) 1902-1939, 1910-04-28

THREATENS
RUSSIANS

ST. PETERSBURG. April 2S.-
Germany has finally made an overt
and threatening move toward dis
putting Russia's grab of Persia.
Correspondence is passing on the
subject between St. Petersburg
and Berlin, but it is as yet uncer-
tain how this affair will terminate.
1t has possibilities of serious
trouble.
The German action was taken
through the Teutonic firm of Hueh-
hermann & Mossig, which has
large commercial interests in
Tabriz and recently sought con-
cession from the Persian govern.
ment to establish regular naviga-
tion on Lake Urmia. The lake Is
distinctly within what Russia has
outlined as its sphere OF influ-
ence."
The Spokane press. [volume] (Spokane, Wash.) 1902-1939, 1910-04-28

THE RAISE
Of RATES
COUNCILMAN NELSON
WANTS INVESTlGA-
iON---GENERAL KICK
ABOUT SERVICE.

In pursuance Of resolution
adopted by the city council last
Tuesday night, Corporation Counsel
Morrill, has started an inquiry into
the right of the Pacific States Tele-
phone Co. to raise the rates on its
four party phones from $3.50 to -
per month, and give poorer service
after the raise than Il did before.
The Inquiry Is being made at the re-
quest Of Councilman Peter Nelson,
who Is now facing the emergency Of
having his phone cut off or pay the
increase.
Nelson says that he would not
kick so much on the increase il the
service were not SO rotten, but he
says that out in his section of the
city the phone service is so bad as
to be almost an abomination.
The right of the Bell phone trust
to boost rates in Spokane probably
exists under it's franchise, which
was secured in questionable way,
by purchase from man named
Ladd, after the company's own fran
chise was about to expire. There is
no record at the city hall of the
franchise and it was claimed by the
phone company that the original
was not recorded and that it must
have been burned up in the fire.
II is conceded, however, that the
city can compel the company to
give better service in return for the
money or quit the field. It's fran
chise will expire five years hence.
and at that time the people will
have an opportunity of settling a
number Of old scores with the phone
trust. If the corporation counsel
finds that the city can enforce good
service it is believed drastic action
may be taken by the city council
HOUSEWIVES ALSO COMPLAIN.
If you want to know what the
people of Spokane think of the
phone service given this city in
the last two months just call few
numbers on the Maxwell or Glen
wood exchanges.
The service has been so bad that
adjectives fail at times to afford
relief to the feelings Of the pa
irons. For party on the Max
well line to place call ON the
Glenwood line or vice versa Is like
grabbing blindfolded into a sack:
the right number may be had, but
the chances are very much against
it. Then when once connected
with a wrong number 1t seems to
take an age to get unlocked" BY
the time this operation, with the
same results, is gone through with
second time. the patience of the
phone user is exhausted. and only
deep, blue blasphemy will afford re-
lief.
The Spokane press. [volume] (Spokane, Wash.) 1902-1939, 1910-04-28
YAKIMA
river ON
RAMP PACE:: |:
RAILROAD TRACKS ARE
IN DANGER----ENGlNE
IS SWEPT INTO TIL,
RIVER.

ELLENSBURG, Wash. April 2S.
Made a raging torrent by the
rapid melting of snow on the noun
tain tops, the Yakima river is burst
ing from It's banks and carrying
bridges, fills and even trains into
its maW.
Five bents of the bridge have al
ready been washed away and the
fill is falling fast,
In scores of places railroad tracks
are in danger, this condition en-
hancing the trouble. work trains be-
ing unable to reach the scene to re-
pair damage, which becomes
greater with every rush of the turb-
ulCnt stream.
At the second steel bridge a Mil
waukee engine and five lumber
laden cars were swept into the
river.
Engineer Ruff Of Seattle was in
jured in the crash.
The fireman and head brakeman,
who were on tho locomotive,
jumped for their lives and are re-
ported safe.
The freight train was hurled from
the tracks Just east of Nelson sta
tion, about 40 miles north of this
place.
Several cars. heavy with bonded
merchandise. standing on the fill
are in danger of being precipitated
into the river at any moment, every
surge Of the waters washing away a
portion of the wall.
Augmenting the plight there is
not an engine within 30 miles that
can be summoned to haul the
freight train into the clear.
Appeals for locomotive have
been sent to Seattle.
Grave fears are felt that aid will
not arrive in time, so rapid is the
encroach OF the Yakima on the fill.
eaEreckers and work trains are be
ing rushed from this side to pull the
engulfed train from the river.
Seven Girls and three boys were
The Spokane press. [volume] (Spokane, Wash.) 1902-1939, 1910-04-28
KING Ed IN A
TOWER|NCRACE
(By United Press Leased Wire)

(By United Press Leased Wire)
LONDON, April 2S.--Lively stor-
les are current of the towering
rage in which King Edward has
been for the past fortnight over the
dragging of his personality into the
pending political struggle in Eng
land. He is said to have had an
Outburst of fury, when first told,
during his stay at Biarrit2, of the
complication in which he had be-
come involved, which seriously
alarmed his attending physicians
concerning its effect upon his
health.
Embarrassing is, as matter of
fact, no name for his majesty's po-
sition. Premier Asquith, goaded
forward by Leader John Redmond
Of the Irish party. has placed him
in Il situation where he must either
be denounced by all conservatives
as mild-eyed monster or by all
liberals as reaCtionary tyrant.
The monarch's standing III Europe
is none too good, and to earn the
enmity of each great party might
mean his overthrow. Edward real
ICES this and does not want to fig
ure in politics at all But there is
no escape for him.