The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1910-09-01
Gay & StursiS' Gossip

Mohawk No. shaft is drifting
north and south at the 215 and S15
levels and prosecuting to lode at AIS
Sinking will be resumed soon. The
showing is not as good as had been
hoped for. but by no means discour-
aging. There is no question in the
minds of those familiar with Mohawk
that this shaft will develop into an
important position because of the ex-
cellent ground both north and south
OF IL. No has the best ground in
mine, although the bottoms of No.
and No. are pressing it closely
in way of merit No. / and No. are
fair. No. l and No. . are bottomed
at the Goth and No. nj 18th. No.
ut 10th and No. at nth. From Mol
20 are connected by drifts down to
the 9th and from No. l to No are
connected down TO the 18th. Mo-
hawks copper has averaged pound
per ton richer SO far this year than
il did throughout last year, being In
the neighborhood Of 14.7 pounds.
Boston. Mass, Sept. Influenced
by Mr.. Roosevelts speech and by re-
ported financial difficulties of a large
automobile concern together with
higher money rates the markets today
had a reactionary tendency with a
greater volume of transactions than
for some days. outside interest was
as small as ever, however, and in all
.nrnlH hilitts of bf 90
short account. No change from the
present professional trading condition
is in sight.-Irving J. Sturgis.
Although the market was duh and
again uninteresting. prices did not
hold as well as a few days past. Sew
cral Of the active stocks lost from one
TO two points for the day. The steel
report. due on Sept. 10th
is causing considerable talk 1t is re-
ported that IL will show falling off
In untitled orders Of 100000 to 500
600 tons. This is worse than last
report. Offerings of time money are
becoming scarce and Bankers are
looking for some bad Bank statements
for the next few weeks. The financ-
ing Of "A big automobile concern was
debated by the bankers in New York
but they decided to make the loan
which amounted in the neighborhood
Of six and one-half millions.
IL Is impossible to predict any i'm
mediate trend TO the market but at
present the bears seem TO have the
best OF IL. Algomah was the only
curb that showed any signs of life
selling at 1914 with the close about
10.
Lake $50 Indiana. us. North Lake
f7S. North Butte las, Ariz. Coml. 665,
Cal. & Ariz. 1866, Copper Range 1875,
Sup. Copper $40, Franklin 26O. Giroux
400, Hancock 1876. Greene Cananca 230,
LaSallc 24O, CRANKY %. Butte & Balk.
PISS, Ray Cons G3. Sup. & Boston 20.
Miami 35. Isle Royale 125. Shannon
100. New Arcadian 65. Butte Coalition
Is.
Wolverine dividend of $500 pay
able October / Books close Sept.
II. reopen October /.
Admitted 90 the list on New York
stock Exchange Goldfield Consolidated
Mines company ss5,5914S0 capital
stock.
Yukon Gold declared regular
quarterly dividend OF per cent.-New
York.
Houghton. Mich. Sept. South
Lake will start the pipe through the
Saturday for No. hole.
This will be the last OF three holes 200
feet apart. placed at the three points
Of n triangle which maybe expected
10 give a fairly definite idea of the dip
and strike Of the rich copper bearing
beds that have been opened In South
Lakes No. 3 and No. holes. The hrst
Of these three holes. No. 3. Is 2loO rect
north OF the southeast corner OF south
Lakes property and within few feet