The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1911-11-25
on c,,1u COPPERS|
- GOSSIP ~. E Wv J. A. o MIMpEAR
NEW YORK, NOV. "a, 1911.

TX
NEW YORK, NOV. a. 1911.
The security market has continued to reflect the accu
mutation OF bullsh which welcome relief tol
pessimisc discussion which has for SO long time
clouded the speculative atmosphere.
Such items as the increase dividends Norfolk and
western Atlantic Coast Kanawaha and Michigan and
Hooking Valley, together with fairly good authoritative
reports of melon cutting by the Louisville Nashville.
add in copper metal prices and increased
dividends Chemical and National Biscuit all
supply reflection the point OF whether things
have been or even are Wall Street has been
ncning In other directions the showing
import and trade far this year is tangible
evidence ability business to at least keep itself
in Hquidated condition. instead Of being congestei by
accumulation of stocks. shall this
year visible trade balance of at least five millions
something which may well be proud of in of
such generally bearsh trade conditions prevailed
The meeting will furnish all kinds
legislation plans for business salvation but when We
the inability of Of the ceverest minds to
agree the question of the Sherman Law and general
business perhaps inclined consider that
the tables those by non-observ
the intelligent Interpretation of existing laws, AMI
| that they good enough as they stand.
The market continues to contain in our Judgment
lectve possibilities for the patient bull and dis
posed o feel that there is the short side
than small trading profits for the time being.
n. ]. Miller. of Miller & Co.
kEWEENAw-
Keweenaw decided discontinue operations it's
property, and it is possible will close
down this portion of its mine No announcement was
made this decision but it is understood
inability obtain funds at this time alone is
the
Developments at the Mandan considered encour-
aging but not sufficient depth shaft
explore the vein at the point where rcn drt core
was With in the general market it
is possible that Keweenaw to ajdi-
money and the early resumption of operations win
| follow
ALGoMAH-
Agomah is centerng all operations the cross-cut
the 200 level which is being extended the Lake
lode.
The hopes to intercept this vein in short
time. will considerable exploratory upon it
All work heretofore the Agomah vein. n
unique formation in the Lake Superior district il
contained native cooper, copper
There is doubt but that the extension the Lake
lode will found the Agomah property develop
ments at the Lake mine, which adjoins 1Ngomah the
ncrth, gave every of this fact.
Agomah will probably require further financing within
| the next three months The company expend-
ing less than $4,000 month. 1t quite likely
| financing will take the form of between
| 81 ana 50 a share.
| TAMARAcK-
Attention is called the that Tamarack now
reached point where operating losses being
profit. This condition made possible by dis
continuation of all development combining oper
atoms to production alone Tamarack is shipping
about 400 of daily to it's mill
Tamardck opened up well ahead this increased
PRODUCTION be brought about with difficulty.
The company has laid off number of its surface
pcycs ana in other has cura'e expenses
With copper selling at 10 pound under the
existing conditions, Tamarac should show pron:
promises o of the speculative
ton market
should be borne in mind that behind the
Market it sold $50 a share year ago ard is selling
for than one-haf that now, whereas other
coppers have enjoyed rally, making present prices about
equal to those of
ADVENTURE
Developments at Adventure during course of the
next should quite interesting as the COM
pany is driving 1900 level for
the purpose ntercepting what respectively
as veins veins lie $50 and $50
feet respectively from tho shaft
1t will be recalled that something over two years ago
Adventure obtained highly minerazed from these
veins in diamond drilling and the shaft was sunk
with the sole purpose of exploring these vein
was cut in the shaft and while showed some copper
did not offer great encouragement
The company called assessment of 81 a share las
July that is sufficiently financed for about another
year
| CENTENNIAL
Centennial has been of the active Calumet g. Hec,o
subsidiaries during the week. this is probably
due the fact that the such great
! possibilities.
/ Centennial