The Calumet news., 1911-11-11
CURRENT 1z;';i;l: OF THE CoPPERS OF l3sI2
- 0OOolI '''''''''''''''' COMPANY |
NEW YORK, NOVEMBER 10, 1911.

NEW YORK, NOVEMBER 10, 1911.
AS might have quite reasonably expected the long
delayed upward market has finally developed
largely owing the of heavy and much scat
short the bearsh amuntons and the
favorable reception what is believed be the
practical settlement OF the Tobacco plan.
Analysed. this. fair reasonable con-
clusion will probably prove way destructive
the interests involved. but likely to
lead free and market which is only what is final
ly desired after all
1t easy that this settlement may well give
couragement to those regarding these mat
ters in only pessmistic light and may readily enough
lead change of sentiment this entire proposition
Of so-called corporation batting.
In other respects cheerful is shown in
the through the placing considerable orders
during the few days while the pig iron industry
least going backwards other trades
improvement. but railroad earnings continue
mixed there many claim that with the
on Of the heavy grain movement by the end Of this year
many lines will make lean showing.
AS TO whether the market stand the prosperity
cred by this advance from recent low levels do not
shorts been considerably eliminated and the
speculation needs the underpnnng of active
support nursing establish this level in a fairly
permanent way, make further advances All in all
Tobacco settlement and the injunction in the long and
gives hope that other pleasant
surprises may along
We prefer ALL stay bulsh and believe that the
total Of the situation favors the buying side
N. j. Miller. Miller & Co.
oJIBwAY-
ojbway very actively traded during the past ten
days largely that company has started
milling operations, shipping the Tamarack sampmn be-
tween 15O and 200 daily There selling dur
ing the past days the mill returns
were not as good expected venture the opinion
that officials of the company knows posi-
lively been and they have
made no statement the subject
1t is hardly fair to obway to expect the results Of
weeks milling operations be taken indication of
the the property 1t might result that
the first few days showed comparatively copper
the tables. but this is conclusive by any
inspection of the which is going the mill
shows very looking epidote. amygdaloid
similar character to that taken from Ahmeek, although
not carrying much copper. The being shipped
appears to be richer pile. Some
mass copper is awaiting ship
direct the smelter. AS wrote before, If ojib
way succeeds in getting much IS pounds Of
per shipped shareholders should feel satisfied
with their property.
NORTH BUTTE
Probably the disappointing issue the copper
list this North Butte In the face Of great
strength in the general list this issue held back and at
times seemed considerable selling pressure.
The only explanation given developments
$500 level far satisfactory
pected
1t is early to expect any important developments
at this point. Another three weeks will be re-
qured explore this level any information at
certain. While the immediate Developments may not
encouraging of the opinion that the $500 level
is going rejuvenate North Butte and add materially
to the property's value.
sHATTUcK-
Preliminary surveys of n site for the Shattuck
smeer have been made This new plant will be located
between the Calumt Arizona and Copper Queen smell
ers In recent communication received from Superin
tendent olson the following nforma-
ton concerning late developments the property:
IN regard to new ore which I reported had
into being in No the 400 level. very
much pleased say that It is opening in fine shape.
Naturally this is slow work, only working one
shift in addition this the ground this point has
given considerable trouble We a large cave
extends thirty below the level and
apparently great deal OF tmbering has
been hold the ground in place but have
it in such shape that better towards opening
it up have started raise from the 500
level in No. II cross-cut to how far below the 400
the will come when put through the
level will also the purpose giving better
air.
The ore is Of splendid quality the large bouders
full of cuprte and between 20 and 25 cent
copper, the stun will carry from 10 to IA
the Is fully high the 500 and this
say the least remarkable An evidence Of its
grade is shown by the last shipments that made we
cid not expect shipment than ~ per
cent but sOmeNof this ore had been mixed in
with t. mostly large boder and our recovery the