Bisbee daily review., 1903-10-25
THERE'S SOMETHING
 DOING IN C. & 4.
MEETING OF BOARD OF DiREC TORs-NoTHlNG SAID ABOUT
 DIVIDENDS.

DIVIDENDS.
 But Significant Facts Are That the Beard Meets Again in kovernber, and a Director Offered $500 for a Stockholders Dividend Whenever ,s Was Paid.
 Calumet. Mich, Oct. 24-Since the meeting of the directors of the Ca,u- met 6 Arizona company held here last week, the local gossips have mad something to talk about. The fact that the directors did not declare a dividend, and the additional f,
 all of the directors and officials of the company are reticent to talk about the subject and will give out nothing for publication, has led a good many people to believe that the dividenI had been passed up as far as this year is concerned, and that no action on sA1 CooJSSt Uc
 While the company officials never gave out anything authentic on the dividend subject, it was generally be- heved that a dividend would be paid about the first of next year, and good many of those who are supposed to be close to the inside people of the Calumet & Arizona management have been figuring on such dividend about that time. It was also thougnL that the board would make public something on the point after the meeting. Nothing was said and notn- ing was done.
 It is noticeable fact, however, that none of the officials have said the com pany wouldn't pay a dividend this year. It is also noticeable fact that the directors will hold another meet ing in Calumet the latter part of No vember. A story is told to the effect that one director of the company of- tered local stockholder s300 in cash immediately for the stockholders div. ideDa on his stock whenever it was paid The stockholder owns 175 shares Of the stock of the company, ard he figured that the director had 2 pretty good insight as 10 what was coming, and that the dividend was not so far of.
 IL is now generally believed that if the present market condition of the copper situation keeps up or does not get any worse, and if the condi- tons at the mine and smelters at Bis lee keep CT as they are now, the di- rcctors will declare a dividend at the Rext meeting. and that the dividend will be nade payable some time about the first of the new year. This is the way the people who are supposed 10 be in close touch with the directors figure things out, although it is i'm possible 10 get anybody in an official position to say anything. It is evi- cent that the directors mutually agreed to keep mum. as far as the press is concerned.
 1t is figured that the directors con slider it ont of the question for them to declare Q dividend now and have the dividend payable three months later Such an action would be con- sidered ridiculous and out of all rec ognized business precedent. It is also figured that it is impossible |" tell what the next two months wall bring forth. and therefore the direc- tors simply say nothing until their next meeting.
 This position is taken as . matter O. precaution. It is always better to pleasantly surprise people than to dis appoint them. financially. This if probably why the directors say noth riy Q. all on the dividend subject.
 It is known that the officials of the Calumet & Arizona, who are also tho officials of the Calumet 6 Pittsburg the Lake Superior & Pittsburg, the Fittsburg & Duluth, and the Junction are highly eiated over the recent show ings on those development properties The particular elation is in regard t( the recent openings on the Lake Sn perior & Pittsburg, and it is now stat ed that this company is in shape fo transformation into mining compa ny, as far as the showinss on the prop erty are concerned.
 IL was generally believed, by Calu met people. that the first deveiopmen company to be turned into minin: corporation would be the Calumet : Pittsburg. but the work there hal been greatly hampered for th' past six or eight months by the grea amount Of water, and this problem ha been a most serious one, retarding ta' development work. On the othe hand, some ore bodies have been open ed upon the Lake Superior and Pitts burg that have surprised even th' most enthusiastic friends of this com rany, so that something regardin; this is expected when the director held iheiT next meeting.
 DUCK