Show STRIKE SITUATION IN LAKE COUNTRY James A. A Pollock Co rec received the following following fol rol- lowing their private wIre wITe In a circular to Copper Range stockholders stockholders stock stock- holders holder Inclosing report report of oC strike conditions conditions condi condl tons prepared prepare b by Copper Country Countr Commercial Com Corn marcIa mercial merial c club b of ot Michigan President William Wil WI ham liam lam A A. PaIne Paino says On July 23 last strike of ot the a cm em employees of all aU tho the copper mining minin companies In the Lake Superior district was wa forced upon us by b the Western Vester on Federation of or Miners Tho The real purpose of the strike was wl to obtain r recognition of at tho the Western Federation For awhile the strike resulted result result- resul- resul ed In tho the total suspension of operations operation at atthe tho the mines After three tree or four weeks' weeks Idleness the tho work ork of ot r resuming operations was actively commenced commence and while norma normal nor nor- ma mal m production has not nol yet been reached reche at our mines steady progress Is I being made mado In this direction The report report report-of of ot an Investigation of ot strike conditions by a committee of ot tho the Copper County Commercial Commer Commer- cial club of or Michigan presented to his ex ex- ex Hon presente N N. Ferris go governor gov gov- of Michigan is 11 sent to tho the ho stockholders stock stock- stok holders holders in In the belief that the facts thereIn there there- In presented will fully Justify the management man maii- in the the- minds of the st stockholders for the tho position they have havo taken even though It has ha resulted In a loss loss' of at four fOU mont mon months tins of ot profitable table operations Operations at Lake Copper company have rec recently nty been suspended suspend el the pumps withdrawn and the mine allowed to till fill fl with water ater l Except that that the showdown further defers deters the time when Lake can cn ave an IRn opportunity to show Its It worth operating under fair reasonably conditions the tile directors director feel teel that the stockholders should hould not bo ho disturbed bv by present state of ot conditions The company compan has over cash In the banks the proceeds proceed proceed OC of recent assessment but directors do not propose to spend the tho stockholders stockholders' mono money I until there Is Js a beU better r chance chanc for them to get Jet a run nm for fol their money A few men nim were cre secured secure recently and operations at attempted at aL- tempted temple but it was found so o expensive that It I was as decided to cease operations The mine can be allowed to nil fill with water water- without Injury Injury- and can cn be In thirty days daa when it is des desired to resume operations under more favorable fa condi I The stock stok market at times has hn a n peculiar peculiar liar lar lara a way of appraising values Lake 3 at t 5 per share i Is selling for tor with wih cash In its It treasury and a 1 Jar largo large t a amount mount of or good coppo copper ground developed de Expert Finaly J a n couple of years ears ago ap appraised appraised ap- ap praised Lake mineral resources at or twice tho the stock market valuation todo today Mayflower at 6 6 Is feln selling for tor with wih 2 cash ah in hand and never nc u a pick pik stuck Into the ground rond Arizona Arlona Commercial at nt 4 H means over o for forthe tho the property with lh good Joo prospects to h be le sure but not nearl nearly nearly- so 80 extensively developed devel HH us Lake |