The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1909-11-27
THE STOCK MARKET

Naturally the developments following the Standard
Oil decision last week proved to be the important
market factors for the week The street. though, has
inclined during past few days to forget all
about the matter 1t will provide no further
now until taken before the United States Supreme
court, which will pass finally on the question OF
further life for the standard oil company
Before this decision reached undoubtedly viii
be able i'm a to forecast It, for quite natur-
ally will follow along the lines of the against
the tobacco trust The against the latter
pany a blow to trusts and was appealed
months ago the Supreme court AS the decision in
standard oil in measure similar to that
against trust the final result will prob
ably be the
Talk the copper combination will not down. This
big deal has given the copper share market inn
petus which promises to given even greater activity
until the final "details are made known. The market
will then shape itself accordingly. There
political being heard. but this is yet too early
to prove any material consequence marketwise.
THE METAL MARKET
with the that the proposed copper merger
win not be put off by of the adverse Standard
oil decision the copper metal market has shown
greater frmness. While business has not been
tremely brisk fairly good sized blocks of copper
have been taken The metal is trading around 1874
cents per pound for electroytic. Lake copper is
eighth a cent higher The months business has
been good. particularly during the first ten days
Foreign demand is hardly heavy as it was three
weeks ago but the prospects that November ship
ments will exceed those of October Fourteen cents
for copper before the present year looks
like a certainty.
CALUMET AND ARIZONA
At the dividend meeting of the company which was
hold m he Wedne NJ is
Directors present with the exception of Messrs
Tener and Cole A quarterly dividend of $1.OO
declared payable Dec 20th to stock record Dec Srd
This a little disappointing to few. as $50 was
expected some quarters According to information
received from reliable Calumet and Arizona cost
is about S1s cents per pound. Figuring production
Of approximately 2SOOO,OOo pounds year they
earning 1S cent. market 1880, 100000, nearly
$500 per share the stock outstanding. The
servave policy the directors is quite noticeable
in only paying $500 per year. The company has
not with the in endeavoring to develop
properties held under option this has helped to
considerably reduce the earnings
| on the LOO and 1900 level of the oliver
lccllent body of sulphides uncovered. The
developments the 1850 level of the Senator and
sunnyside claims also showing up some fine
bodies of
SUPERIOR AND PiTTsBURG-
In our last weeks letter mentioned that the
of producing about IL This
The costs a little under 10 cents per pound with
the present production 100000 pounds, they are
earning at the present time about sSOOOOOO per month.
ELDoRADo-
The party Of local people who have just returned
the property highly satisfied with the showing.
They have put up required capital individually
the placing of the property dividend earning
basis, hence there Will be treasury stock
offered for SALE II is the intentions of the man
agemen sink the shaft 200 further immediately
In the meantime they will get the 400 level
arranged that 1t drawn without timbering.
Inside of six months the property will be sufficiently
developed to keep the 20 heads running steadily and
conservative estimates place the earnings, with
stamps running regular. at not less than 100000
per year, which is 20 per cent the outstanding
capitalization.
The vein the 400 level shows three very rich
shutes varying in length from 80 feet and from