The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1910-10-25
Gay & StursiS' Gossip

South Lake is rigging up to start No.
10 hole, having discontinued No. 3.
which went through the four copper
bearing lodes cut i'm No. and No 4.
No. hole is 2S2 feet northwest of No.
., or 200 feet west of No. 3 and 200 IT,.
north of No. 4. 1t is to determine
more definitely the dip and strike of
the lodes. 1t is planned to start a
shaft quickly as practicable and it
is hoped To get il under way this fall.
Twin Lakes has it's No. drill hole,
I'm Section 2S, south of Wyandot, down
$40 feet. According to the estimate of
It's engineers, this lacks 400 to 500 IT.
OF the depth where the Baltic lode
should lie In order to finish this hole
an assessment of 25 cents per share
on the 10000 shares out is planned
Boston, oct. 25-The market was ex-
tremely duh and uninteresting most
of the day and fluctuations were mar
row until near the close when profit
taking was evidenced throughout the
New York list. The market is acting
perfectly natural after such an adj
vance as we have had and we should
think it might react somewhat fur
ther but believe we are to have "A
good trading market and would begin
To buy the better class stocks moder-
ately on any further drive.-HalI.
Boston, oct. 25.-The market has
been dull and uninteresting through
out the day. While sentiment is still
bullish, traders are inclined to hesitate.
The political situation is a little UNI
certain, and the money market is
causing some worry. This SHOULD be
watched very closely. The reaction is
due and may go some further but we
believe the good stocks are pur-
chase. No feature i'm today's trading.
Adventures vertical shaft at one
side is still bottomed i'm rich copper
ground in No. / lode. This indicates
that the rich part of the lode has
thickness OF IL feet measuring at right
angles to the incline. People from all
parts of Ontonagon county have WIS.,
tied the shaft and carried away speci-
mems Of the copper rock and the gem
cral sentiment is That highly salts
factory showing has been made.-Gay
and Sturgis
Boston, Oct. 25.-Sales of Electricity
tic copper were made Monday at 13
cents per pound for January delivery.
Sales were also effected at 12M cents
for November and December shipment.
single carload of Lake copper also
sold Monday at 13 cents n poi nd The
demand for Michigan copper is still
limited, although Lake producers have
thus far been able to keep production
and deliveries fairly even through the
requirements of their regular custom
ers
The American consumers have not
yet commenced to make known their
wants for November and December
copper I'm amounts proportionate to tho
purchases of foreigners. Selling agen-
cies state that while the domestic buy
ers have taken some copper, il has
been in quantities under their actual
needs and indicates that they must
make further purchases before long.
The gratifying feature Of the foreign
buying is the belief that practically all
the copper will go into consumers
hands and has not been purchased for
speculative accounts.--News Bureau.
Watertown. ". Y. oct. 20, Gay a.
Sturgis, Calumet Mich.-Present and
future finances OF Santa Rosalin Gold
Mines company arranged through Wa
tertown directors. Developments at
the mines showing up well and every