The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1910-02-24
GAY q sTURcis GOSSIP.


New York, Feb. 24-Gossip concern
ing the stock market was conspicuous
by its absence last night. The market
AT the moment seems to be I'm a stage
where IL pays attention to nothing. It
is too dull TO go down and there doesn't
seem to be anything on which TO put
IL up at the moment. 1 look for more
or less irregularity for some little time
to come and believe in maintaining
only trading position but think that
Tor those persons who have plenty of
money. 1t Is safe to buy stocks on
breaks from this level w. Prentiss.
Boston. Feb. 24.-Corbin Copper
stockholders at special meeting held
this morning authorized the directors
to dispose of the unissued stock
Gay.
Boston, Feb. 24.-The Copper Range
Cons. company has declared regular
quarterly dividend of 81 per share pay
able April 1. Books close Feb. 26 and
reopen March 7.
New York, N. Y, Feb. 24.-Goldfield
Consolidated declared the regular divi-
dend of 30 cents per share and 20 cents
extra, the same as three months ago.
Dividends payable April 80 to stock
of record March 31.-Dow, Jones & Co.
New York, Feb. pa dispatch re-
ceived from one of the officials of the
Amalgamated Copper company says
that all the mines in the Butte district
are opening up.-Financial News.
Globe Ariz.-President VIM. b.
Thompson of the Inspiration Copper
company, who has just left Globe, says
that a statement of results obtained
i'm development of the ore tonnages
blocked out to date at the Inspiration
mine will be made public within a
month Referring to the Inspiration
property, Mr.. Thompson says: 1--WE
have many millions OF tons of ore at
the Inspiration but it will take some
time before anything like the full
tonnage is blocked out. We are young
yet, and have only begun the work of
developing the mine. If the report
shows that we have 100000 or 1000
600 tons already blocked out l will be
satisfied with progress made so far
From my inspection of the mine,
am satisfied that the Inspiration is one
: of the largest low grade mines in
Arizona. | do not hesitate to pre-
dict that within less than five years
10000 tons of ore from the mines OF
the Miami district will be treated daily
and will make Globe one of the
The copper market is gradually bet
tering and l expect to see permanent
price of Is cents established before the
end of the year." Concerning the cree
, ton of the concentration at Dripping
Spring, 80 miles from Globe, Mr.
Thompson said that, while plans for =
reduction plant are being considered
nothing definite on this point has beer
decided. He hopes, however, to SEE
l the construction of a 5,000-ton concep.
traitor for handling Inspiration ores
in the near future. i'' $500
A director of the o. s. Smelling
Refining and Mining Co. says that tn,
company is earning safely SO pei
share upon its common stock tina
its January earnings were about $3.50.
; 900 and that earnings can be easily
maintained, If not increased. TIL,
: company is earning this from its
Mexico California and Utah Gold Lea(
operations including it's refining ant
New Jersey smelter operations. 1t is
however, working now to reopen Its
big Utah Copper smelter and is plan
ming an aggressive development of the
Richmond Eureka property. now under
its control. and which up to this time
has not contributed much to the COM
pany's profits. 1t will be two years
before there is any prospect of returns
from Its Needles. Arizona, property re-
Gently purchased for $1,000,O00 cash.