The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1913-05-03
GOSSIP Of Market and Mines by Minnear 4 Go.
NEW YORK, MAY 2. 1918.

! NEW YORK, MAY 2, 1878
This might well be called another unsatisfactory week
in the security market low points
have been made have come along
have been mainly "A technical character and not in
dicative broad interest on the buying side Never
tleless Roadway has been made in depressing
prices. although incidents New Haven and Illinois
declines cheerful to note. while the gen
pessimsm induced some ridiculous stories about
the solvency Of the Rock Island company.
The Steel statement was really bad although the
actual figures showed some 100000 but tn,
February constituted day less than last
while floods in March called for large additional
amounts disbursed for repairs and repacements The
figures show however. that stock dividend
remains comfortably earned there immediate
outlook that il will show otherwise least some
time to this notwithstanding recession In
prices and lower tariff duties. Elsewhere. the
March statement Of Pennsylvania System showed
due to the floods and it is to thai
that disaster positive the June 3oth
annual results
The bond market has remained stale and Hat and in
vesment demand only exhibits prime short
term stuff nevertheless the simple fact tina
bonds are intrinscay cheap present prices
great bargains directions. the
ity market represented by stocks pessmsm suppose
will its II hopeless task to
point the hopeful features Of the situation chief
among which highly reasonable Of the
granting increased freight the roads
and probably the others well later our judy
men remains that prices below real values without
discussing speculative values
tachng the line of stocks, that
prices should awaited by both the spec
and the the acquisition many
sound securities apparently freely Offered for sale.
y. j. MILLER of Miller Co.
CALUMET e. HECLA-
During the past considerable comment caused
by laying rails direction No 20 shaft
which is located the lode,
in operation for time 1t learned, however. that
ground in the vicinity of this shaft intention OF
dsposins of poor rockhouses
and not for the of rcsumng operations the
present
No u shaft the kcarsarge lode. been laid
for about three expected again in OPP
Grafton the early part of the coming work of
installing the hosting engine to take place
previously used has been
of the shaft house to accommodate skips While
this work has been going employed this sha
have been transferred to other parts Ac-
cordng the best information hand there has been
material Improvement in the tributary No Il
shaft and at the present ali openings
are in good ground.
Up to quite recently the developments Calumet d
eca property Of the Kearsarge lode extra
ordinary, and 1t not considered much of an asset
However the developments at No Il shaft max
eventually alter this considerably.
Calumet Hecla continues their experimental work in
an effort to all the possible copper that h
man brains and ingenuity possibly from the rocl
one Of the latest tests to bo tried further
ing of the copper from the shines. A shipment of 400
tons OF shines is being loaded G. a. IL mill
at Lake Linden. and will to Butte to be tried ON,
IN the new invention called the Peck Centrifugal Con
oentrator which is being demonstrated Anaconde
Copper company's plant Butte The reason WHY tho
shines are being shipped to be tested Is tbe N,
most pohbitve costs of this for expert,
me nta purposes the one of these MIA
is close to 100000 the slime tables now
in use which about $500
MICHIGAN
This property is still idle with exception of q fev
trlputors who continue to up mass and barrel
copper II IL possible. however, that large amount m
StandnR timber belonging to this company will be sold
THIS summer there have several nepotiatinc ,,
It, If this sale is made allow for the pavmen,