The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1910-10-03

Things and can see only one thng 10 DO ana tat 49, 10
buy market.
n. ]. Miller Miller & Co.
BOSTON, SEPT. 80.
The foreign exports of the month show abnormal and
it is generally expected those who line what
productions the month that the pro-
ducers statement will show decrease in surplus This
expectation has been held many times until a repetition
of it finds little response.
Generally speaking metal demand has fallen the
United States owing to the general shrnkage in business
but it is notable that considering everything
demand for the metal keeps up remarkably well
pared with the shrnkage in other lines Some the
shrewdest local metal market people opine
normal in this country the monthly consumption
would be around l5OOOOOOO pounds monthly Taking it
its worst the difference in making surplus
ing into is small the of money involved
the total surplus of copper very small compared
with other commodities
Stocks small copper is being produced on the
most economical basis that anything that occurs
bound be in the nature of an improvements
j.. H. Cody, of Miller & Co.
HERMINA MINING COMPANY
Directors of the Hermina Mining company have call
ed assessment of five cents share The for
this contained the circular sent out to the
stockholders. which reads follows:
For the information of the shareholders and in con-
nccton with the notice herewith, | beg to
submit the following relative of your COM
pany At the annual meeting held June 2Sth, 1910 the
following gentlemen elected directors the COM
pany for the ensuing Joseph Hermann, Calumet
Mich, President j. S. Picke Utica ". Y, Vice
dent w b. Anderson. Calumet Mich. Treasurer, Chris
tian schenk. Calumet. Mich, Olson, Calumet Mich.
T. IL. Pollock, Monongahela, Pa, E. Perey,
head, Mimi w. L. Osen Fargo North Dakota, Lucas
Hermann, Calumet Mich, Secretary.
The Board selected with "A view to having quo
rum resident in Calumet where the office of the
is located, that meetings be held ordn-
airy business conducted without necessity
directors journeying the meeting place,
atng considerable travelling expenses saving these
directors valuable time of Importance will of
decided by the full Board. present Board
found the treasury OF the company just about depleted
and bills against the company aggregating
cred dollars than the treasury Besides
this the expenses such mine
office expense and provided for in order
protect of the stockholders.
conditions after going matters carefully
Directors absolutely necessary levy
per notice herewith il hoped
shareholders will respond cheerfuly and promptly The
has been made small and will give sufi
cen funds for the stated while the business of
the company be conducted with the greatest
sible economy until conditions warrant
greater activity at the mine.
The mine has been closed temporarily, due to lack Of
evidenced by foregoing remarks and ow-
ing extreme y unfavorable condition the copper
market prevailing would be utterly useless to
attempt raise funds for further development
present time. our position in this regard is the
dozens other copper properties the development
and prospective stage of them much further ad-
than property and your directors only
await predicted recovery in the copper be-
fore doing anything with the mine"
SANTA RosALlA-
The directors of Santa Rosala held their first
meeting September 18th when the following officers
elected:
+. A. summervle president; r. X Clancy first vice.
president; w. c. Sebbins second vice president; r. NJ
Hugo treasurer F. N. Smith. secretary and o. w.
Bruins assistant secretary.
The offices Of the company will be located at Water
town. NJ Y. The officers OF the company following the
meeting gave the information that the property