Bisbee daily review., 1908-05-19
COPPER STOCK
DEMAND GOOD;
PRICE BETTER
Proposition That Is to Come
Before Stockholders of the
Calumet & Globe Company.
Coppers Good Buy.
(RY Frank ]. Grail


The demand for copper stocks is
strong, and better prices were the re-
suits. Greene Cananea was the fea-
ture of today's market opening at
9.12 and closing at 9.S1, with uCtIe
stock being offered. Superior & Pitts
burg showed a fractional decline at
the close Of the market, although
there is but very little stock being
forced onto the market. North Butte,
Copper Range and Amalgamated have
been in excellent demand. Saattuck
and Dem are firm at 1925 and 2.S7,
with none offered at these prices.
1t is very evident that we have
seen the low points for copper stocks
for some time to come and now is the
time to get into the market, for from
all indications all stocks should see
better prices. There are many local
stockholders in the Calumet and Globe
Development Company that was Or
ganized at Globe some time ago, and
owing to difficulties that have arisen
the company have made a stockhold-
ers proposition which will come up be-
fore the stockholders of the Calumet
& Globe for their acceptance at very
early date. They have something like
so cents per share, total of $40, $4,000,
In their treasury and the majority of
the Duluth and Globe interests are in
favor of reinvesting or exchanging
their Calumet & Globe shares for
Globe-Arizona Mining Co, on basis
of three Globe-Arizona for one Calu-
met & Globe in lieu of their cash set
Element. The Globe-Arizona is capt.
talized at 100000 shares, S1.00 par,
of which only 10000 shares have
been issued to date. With the eXcep-
ton of a $4,000 indebtedness they
own the Kingston, Josephine and
Pittsburg claims, comprising about so
acres and adjoining the Old Dominion
and Superior & Boston in the Globe
camp. They have accompaniment
shaft down 295 feet, from which $50
tons of ore was shipped in one
month to the Old Dominion smelter,
which is about 2 1-2 miles from the
property. This ore Melted them
sc, 10000. The property is well 10
Gated and has good prospects. The
Globe-Arizona stockholders will also
be allotted about 10000 shares OF
Globe-Arizona providing the Cal ime-
G Globe stockholders come IN. 1t is
also proposed to issue 100, 900 shares
at 800 to provide working capital.
This would mean about $50 900
shares issued and 100000 shares in
the treasury. s. L. Gibson, of the
Gibson mine it is stated has promised
to make up any shortage in protect
ing the bond Indebtedness to the OK
tent of $4,000 and also buy Si6,CGJ
more of stock F. F. TOwla. his
secretary, will be in CalumcC shortly
AMI further negotiations.
Notice is hereby given that in ac-
cordance with a resolution adopted at
the special meeting of the stOckhold-
ers of the company, held at Globe,
Arizona, March IS, 1908, a payment of
fifty 500 cents per share will be
made on the outstanding stock of the
company out Of the remaining assets
of the company, upon presentation OF
certificates.
Certificates for the stock upon
which payment is desired must be
presented at the Office Of the secre-
tary of the company, First National
Bank Building, Calumet. Michigan,
for cancellation. The remaining as
sets of the company will be distrib-
uted to the stockholders as soon as
the same can be assembled and con-
yerted into cash.
1t is probable that a proposition
will shortly be made to the Calumet
& Globe stockholders by the Globe
Arizona Copper Company for the ex-
change of Calumet & Globe stock for
Globe-Arizona stock.
II YOU do not desire to consider
such proposition please send in your
certificates at once.