The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1911-08-05
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NEW YORK, AUGUST 4.


NEW YORK, AUGUST 4.
Much suggested in lines of last tired
condition of the market found relief in quite quda,
ton of stocks this week. with tangible there
fore beyond technical condition the market itself.
The news Of the ieerment Tobacco dividend was
however unpleasant reading rough piece of bus
mess considering the large number of small
Who look to the regularity these dividends
No really valid assigned the action taken
In other directions the crop news. much as we re-
eret to continues in the MAN. unfavorabe as to the
Spring wheat looks as IL the crop Of both
Spring and Winter wheat viii fall considerably below
cradle in Happily however a bumper cotton crop
is promised, which will help out but this
the fact that the Western and Northwestern will
suffer this fall and winter from diminished tonnage.
Steel seems fairly active pig continues In the
dodrums. Elsewhere the conservative tone obtains
in general trade probably see no exhibitions
Of Improvement there until Congress adjourns
Technically the market improved To the extent OF this
weeks liquidation but TINS merely prices at lower
ing along TO lift prices. well IL we hold this
level we think for while. but not yet reln-
qused the Idea that later shall enjoy mar
kets-N. j. Miller of Miller & Co.
BOSTON, AUGUST 4.
While foreign exports in the last seven days of July
did not hold to the earlier DAYS IN the
month still for the entire month foreign consumption wa
all that could have been hoped for by the most enthus
iastic and indications they viii run ahead or
June by considerable amount For this country only o.
moderately good month is anticipated heated term
hterered with manufacturing it likewise nterfered
WIN smeter production that knoweth at this
writing now far the will correlate
Generally speaking business in copper using products
has been poor The brass business continues duh and
the one bright copper using situation IS
the wire business which IL has been continues good
stu manufacturers in these are far from entbus
ldstic and show inclination stock up with metal
which leaves the burden carrying stocks where has
been there three past entirely producers
There has been good deal comment about add
tional porphy production during the week. but very 1T
tie attention to the significant fact properties all
along the line show tendency follow below the nor
NAL percentages of recovery
The predictions for the forthcoming consumers state
nent run to an fair stocks save in
the British visible supply which should augment little
owing to the heavy EXPORTS. Cody of Miller & Co
THE HussEY-HoWE MINING COMPANY
The final details for organization OF the Hussev
Howe Mining Company have perfected and the ar
tcles of incorporation have with the Secretary
of State. The Company have Capitalization orl
100000 shares. Of value of s25 The control
VIII be vested in the HusseyHowe interests Pittsbug
There VIII be no public offering of TIrere will be
outstanding $1,000 shares stock VIII be fun
and given in exchange for the property The remaining
$4,000 shares in the treasury used as development
work makes necessary obtain funds The
company will start with approximately $4,000 in cash
I'm It's treasury
The Hussey-Howe property lies between the Bohemia
and Indiana properties. A wen defined outcrop can be
traced the property and mining engineers hold That
Is the extension of the Baltic lode. The company win
az once begin operations this vein. doing
trenchng obtain necessary data will sink shaft
to do additional exploratory developments will
be carried under the direction Capt Samuel Chy
GoLDFIElD CONSOLIDATED
The net yield from operations by Goldheid Con
sodated was se4eoOo This is trihe lower than the
month previous During the the company milled
2S54O tons at of $500 a ton as compared
with $s7 the preceding net yield was 1872
rcr ton
An electrical hoist installed at the Jumbo sha
and with this opening supplying ore Godneid will have
seven producing shafts The Jumbo offers great promise
cor the future.
REA CONSOLIDATED GOLD MINES COMPANY
Considerable interest is to the Rea property in
the Porcupine district by of the very favorable
developments and its low capitalization Is capitalized
for 100000 shares of value s. each of which 90
600 shares The company owns s2o acre.
the largest of the promising properties in the
camp
Two shafts being sunk: the nrst gao feet in
depth and the second below 100 feet DEVELOPMENTS
in the aterals indicate very large ore body AT the
200 foot level the vein proven along the strike
for distance than carrying values
which assayed higher than $40 The company is
well equipped for development work Plans have been
completed for the installation of rs stamp mill cana
BILE of treating 1875 tons of stock is very
well regarded by those who have visited the Porcupine