The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1910-10-22

position to warrant profit taking but buyers
come in on each reaction and until long side
very much extended than now we continue to
favor ihe bull unroservodly-N ]. Miller of Miller
i * Co
BOSTON, OCTOBER Fl.
During the past week. the metal trade experienced
some OF the better feeling that had been discounted
marketwise during the past weeks Inquest onaby
everybody feels better and in small measure this is
due TO the American demand which insistent although
it has not broadcned out appreciable extent
though some Of the larger consumers have increased
their orders mile owing to the higher quotations
the coming in closest touch with the tech
nioal position predict that there will be the largest
decrease we have experienced surplus and il
that occurs shall surely have a higher range Of
lrices.
1t is now demonstratable that curailmont has
been made effective and that confidently expect
better things right along with broadening of trade
and may expect to copper consumption at figures
which If predicted seem fancul and this
will take of all the productions that can
be furnished look for continuance of the bettered
conditions all along the line.-J cody of Miller G. Co
LIVE OAK
corps of engineers giving the Live property
careful examination for group of prominent
fnancers. This is being with the idea of UNDER
writing the ssoc he Issued by company upon tn.
reorganization from development to a mining com
pany Two chmn evils continue at the property ami
are opening cool commercial Recent estimates
by IL maent engineers gave Live Oak an ore body con-
tanning fully ten million assaying from two to two
and one half per cent with large portion of
its property yet unexpored The explored tract ex-
tends 500 feet and 1900 south
President Smith recently spent some time at the pron
cry and is reported to he very gratfed with late
Developments 1t is impossible just when the re-
organization will be put through this writing it
appears as though something along this line would be
done within the three months
MIAMI
Miami Is now employing GO men on mining and mill
work The bulk OF the now being done Is ccntorad
on construction only 265 feet underground work hav
ing been done last week. this being practically all ex
tending connections between various extraction drifts
on and above the 42O-foo Miami hopes to have
its first unit OF its concentrator ready for operation
shortly after the Trst of the year.
CALUMET & ARIZONA AND SUP G. PITTS
group of directors of Calumet Arizona and SUI
peror Psburg companies will early next week
lor Bsbee where they will inspect properties Of the
companies Doth underground and surface believed
mat this visit Will be the last directors will
make 10 inc properties as they stand that the
trip viii be the forcrunner definite plans to bo form
uated for the consolidation further plans for this
llcrBCI nave been announced
The reports from Prof Duglas and Dr. Rrcxetts have
both been received and together with the information
mat the directors will obtain their conomnlatcd
visit to tie properties Tor the consolida,,o, m
be available AT this writing there is every ronaon +,
Leiieve tlrt tho merger will on a basi, of botyoc,
Tour AMI FIVE shares Of Superior & pittsburr for oro
shhc ~ Calumet & Arizona. This may seem in mo
"V"Ptlhs OF on Injustice 90 Calumet Arizona share
h"'ci5 IN na much that company has very close .,
|-o''' ief share In aS.cts, Including very modern
me''lns pant However, the fact should NOT mo lost
tlsht % that Calumet Arizona is n proportv M r,,h
'mali proportions compared with Superior e. pin,
oufE' ana that with the very extensive orc tod,es ,
''s open'u up by tho latter company. in the end Tho
mercer WIZ be very satisfactory for the two co,n,,ri
caoh sng what tho other most desires
WOLVERINE ARIZONA
INC annual report of tho Wokcrine & Arizona ni,,r
company VIII be mailed to shareholders noxt ,,ot nv,
icpos shows that the company during the n.,~,i -
0ciVeu ifcm Gro shipments and other sources , ,,, ,
s'<'9o'oa During tho Same period 1ishrrs,
mounted to s22ooSOe leaving cash balance on han,
y '@V'VS2oo. The balance OF assets over iahu,,t
amounts to s26'sl7OO. The statement to sa,.,.,
'oinmen's upon the plan Cor the future ana hold So,
sreat promise Tho report saws. "
INC work since our last annual report bas h.
'u ofsoy 10 opening and sfippn0 from, a.,
IVY u inc main tunnel on the Warren claim T., -,
''~'n iuhds 10 prosecute exploratory wors On = -,
'''e tnan Formerly With this object in view co 49,.
''"'"u'a'ed substantial cash balance with which 90