The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1910-05-28
NEW YORK. MAY 2s. 1s1o.

Monday by complete cessation or the Dig buying
which the market the forward impetus Prof
It. taking pretty hurried kind appeared about Ia
per cent recession. the list dull and
stale yesterday line OF speculative holdings
thrown without much regard for anything appar
entity than a good clean-u up tired position.
News has least negatively good Crops con-
tinue to improve the marked decline in the COM
modify a of JOY to those giving full
heed to tho economic situation.
Formal announcement of the placing of So0Oo0oo ST.
bonds in France with an option on 2oOooooo more
has come and leads to believe the French,
If not tho American market win used the fullest
extent Of these matters hereafter.
| II looks as though the market will move within mar
row limits until factors. at present operating against
any decent advance either eliminated fully dis
counted their possible resultsN. Miller of Mil
Ter & Co.
| BOSTON, MASS, MAY &C. 1910.
with the big companies practically sold up and for
the first half of the months the metal
shows a considerably better than appar-
ent for some time past. Domestic demand however,
has shown slackening, which is ascribed the
fact that the consumers want to pay thirteen
cents a pound. Calumet & Hecla. the standard for
Lake companies, has been asking and getting 1914 cents
quite sometime for foreign trade.
Exports for the month of May estimated at AS
100000 pounds good part of which lis in fulhment of
contracts entered into from sixty to ninety days ago,
hence the tonnage is expected to have much effect
statistical position The May report 1t is said,
will surplus but this the bad report.
according to present Indications
One significant item during
has just been a curtailment claims
for the concentrating proposition which has been claim
ing about everything in copperdom since they
into aitu Tba that thew
claiming only normal things should do much allie
viate the fear of copper avalanche which has been
so potent bugbear the last three years.
The business which has been using the largest
bulk copper productions bids expand still
further during the years, while the wire bus
ness which has been in moruary state since 1906 at
length shows sign of returning animation. This is
the entire situation. and to large extent,
it depends general conditions in the business world.
opinion here little change in the
situation the time being way or the other
Cody. Miller & Co.
ISLE RoYALE ATLANTIC
! These have less active and strong
during the past week the showing in the trench
east Of the shaft of the Isle Royale, which
posed several days ago. The vein about 2s feet
wide while it is strongly minerazed 1t Is well
defined. The fact that it is not we'll minerazed may
be accounted for by the shaowness of opening
This late discovery has important bearing all
South Range properties 1t begins to look IL
the northern extension of the Baltic lode is west
than has been figured Section 16 of the Atlantic is
peciay benefited by strike should it continue
to show up promising, we would not he surprised
OF the features OF the property The
trench is being extended with satisfactory results
very likely that the management will decide
to diamond drill the vein early
LIVE OAK
We are in receipt of the following from our Globe
correspondent:
mo 8 chun drill hole. located hundred feet
west OF vertical shaft, has encountered
ore averaging 25 copper The drill has pene
traod the for fifty five feet is still sinking
it, AS drift the second level has passed through
hundred and sixty feet the results of drill hole
No. and extent of body for eight
hundred and sixty-one feet"
! The developments Live Oak have been very
coura ging and because small capitalization it will
with any Improvement n the general market one
pick up. There is broad, active market
for and stock is well scattered OF the $4,000 shares
issued 5000 subject call $500 is very like
y that this $500 will be called inside of 90 days,
the development company reorganized a mining
company.
Mr.. Cody Boston manager Miller Co, who has
just visited property considers Oak the most
attractive at present prices of the socaed pophyry
copper properties
HEATING
stockholders meeting of tho Heating will be held in
Butte June 9TH, for the election five directors for
the ensuing The Duluth and copper country peo-
pie who arc heavily interested guarding any
possible fight for control 1t Heating ores are
very valuable the smeter and Clark has made
several propositions to Heating shareholders
troll which, however have ali been rejected
Tho development reached such a stage thai
regular shipments will undoubtedly be started June lot