The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1910-01-01

the market huge which VIII have natural tendency
to strengthen prices of investment securities
the whole look for higher, prices next month
Southwestern stocks will be
the copper list osceola will be found wen
in the lead of the Lake Superior group and Tamarac
Mohawk, Quincy and Superior will be watched with
interest.
There has been decided Improvement noted in the
metal which will reflect itself copper stocks
The New York list rather apathetic all week
due probably to the absence of number OF prominent
operators during the holiday The Rock Island in
cident has been forgotten, though for time it threaten
ed to considerable proportions The affair showed
conclusivey the OF market by he
big interests
THE METAL MARKET t''
The bulk of the business done in copper this month
has foreign account Consumption this country
has been unchanged, the heavy buying has been
trey for shipment England German
the leading buyers be unable get enough
Of the red metal Home in the market only
for supplies for February and March.
Sales of Lake reported this week at four
per pound February delivery considerable
sized being offered, trading that being
done above indicated Electrolytic copper
lis quoted quarter a lower than Lake brand
London has been sending higher of quotations
for speculative copper during week. this pos
count. Spot copper keeps up price well The higher
prices for copper stocks during the few days taken
heavy sales of the red metal to be
Ippunced very soon. ~ fii5 1t q
1t would be difficult guess just what the Forthcoming
figures Copper Producers association will be- 1t IL
hardly likely that they will show material change from
those reported month before while true
has been curtalmcn in production principally
from the the lightened home consumption
win probably more will necessary
look the foreign sales for any relief in the of
reduction of the surplus stock copper Copper will
ably around fourteen cents pound for the first
three months of 19iO.-
SANTA RosALIA- ~ t.V ~ 2 " - ,e.l.H.
Santa Rosala is pushing developments at the property
with of about seventyhve In addition there
considerable employed in building the road
the mountains to the mine Some misleading statements
appeared the progress develop
mens the property that statement representing the
conditions will be welcomed. We Informed tina,
the road has not yet been completed AS 1t is about
tyve miles length It is apparent that required
siderable get opened up undosbted-
y be completed before another month will passed.
Santa Rosalia yet shipped initial carload 90
high grade despite reports to the The delay
accustomed by the road The Office expects
nounccmcn of the shipment just the ore can
is already awaiting shipment second carload
is being sorted sacked
a party of four five of the Of the company
will leave Calumet in January for inspection OF the
property They will probably get there after the
been completed and the initial shipments have gone
forth
AS to physical conditions at the property the home
office has been advised that is progressing rapidly
at the mine on the 35ofoo level the drifts opened
ore for 125 feet according last reports
breasted in excellent three feet
wide at least and have shown $40 per UP
In gold it is that large body being develop
cd The of high grade to be in evidence
The stock has rather dull tribe weak but offer
ngs have not been heavy and buying will
advance Santa Rosalia a new high figure
ISLE RoYALE- :
Considerable interest attached to the developments a,
a. shaft of the Isle Royae This shaft now about 500
feet deep going down the Baltic lode The formation
Of late has been regular bears strong resem-
bancc to the character of through at the SUI
pcrior just before the was entered Favorable
news of entering the rich momentary expected
The territory tributary this been explored BIZ
diamond drill and the showed unmista
ably that the vein was rich at depth
The past three months have shown decided improve
ment In Isle Royale. During this period II has produced at
the rate of 100000 pounds Of per annum against
only ABOUT one-haf as much addition there
has been gradual Improvement the copper contents
OF the rock stamped Returns during the past three months
have gradually advanced from thirteen to fifteen pounds
The cessation of active development and exploratory
work at shafts No and the sharp break In the
price OF the stock several months ago. that time
there has been an Improvement in results when copper
sells higher and Isle Royae thus show earnings to
i W. nj