The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1910-11-26
OBSERVATION-DISCLOSURES
NEW YORK, Novl Is /

over Il is that duness at least has not been
companed with low prices while the chances there
has beer increase in the short interest in view Of
the somewhat Dearish items of lately developed
Chief amonst these will be noted an extremely
Baltimore and Ohio unsatisfactory figures
elsewhere in the railroad reports while at the
rate hearing in Washington e rather devel-
oping into personal rocrimnatons against line of
evidence brought by the shippers representatives
We feel satisfied that further developments viii
be In The nature of somewhat full expose of details
Of many of the items constituting operating expenses
which VIII give rise serious reflections
good Deal of criticism.
In matters of trade it to be odd thing that
50 many hotels report great activity in their depart
ments with travellers from the interior reporting activity
in their lines, which does to be borne out
by the bank olearings other factors closely allied
with situations. frB
..sC Certainly there is Improvement pig iron
conditions, while to the steel industry. only
tinue full of hopes early large paeings orders
by the railroads which surely cannot be longer
deferred.
The weakness of New York Central is giving rise
discussion whether the present dividend will be
maintained at the meeting next month and this is also
applied to Baltimore and Ohio affairs and possibly
Nono two other directions 1t is very pleasant
talk but perhaps rerogade action will be taken in
the present state of the investment market.
1t is apparently period of considerable discourage.
ment which faces just but have these
sort of times before and generally discovered them
to be occasions when stocks accumulated by peo-
pie who are looking ahead quite considerable distance
and we firmly believe that there has quite a little
buying on this the past weeks still feel
that when any activity develops it will the
of rising and not declining prices and while the way
of the bulls is tresome present we advise
sonr FIR andc 10
larger possibilities believe contained this.
idea of the situation
n. j. Miller, of Miller & Co.
BOSTON, NOV rs.
The best opinion here is the effect that surplus
is being gradually but surely reduced in of
This fact copper producers conserva-
tive about making future commitments they
been for some time
They expect December to go only slowly
surely with a constantly strengthening tone to the
market
For the coming month good deal of mine curtail-
ment that has not yet figured refinery figures
expected to make its appearance and it believed by
the end Of ninety days that still better line will he
offered the effective reduction win show
in the visible supply.
OF the heavy winter weather will also have
a reducing tendency production as it always does
At the moment trade is in the the under
tone is distinctly hopeful than been for
long time, This is especially over the end of
tho as everybody expects better
settlements have been effected.
J. II. Miller. of Miller & Co
COPPER REEF
TO further strengthen its treasury the Copper Reef
company is offering shareholders opportuni
ty Of exercising the option given time ago pur
chase additional property. The company about
$4,000 in cash in its treasury present time and
is expanding at the $4,000 different points
are being attacked third will soon be given
attention. which will bring monthly expense up to
$4,000. Developments the Copper property have
been extremely encouraging. John w. Dillingham; a
director of the company, Is in the copper country, in
terviewng local shareholders expresses great con-
hdence in the future of the property.
PENDING COPPER MERGERS
Indicating the early Improvement of the metal sua-
ton It might be noted that several important
deals pending i'm the copper world which are likely to
be given further publicity within another month or two
In two proposed MERGERS copper country min
ing interested One which promises to
assume considerable proportions will particular at
tention to the Silver City, N M camp. the other
will apply to the Cottonwood district of Utah.
CALUMET g. ARIZONA
The meeting of Calumet Arizona and Superior g.
Ptsburs directors. which was scheduled to be held
in Calumet Wednesday of this week. was POSTPONED
1t will be hcld in Chicago the middle of next
week The postponment necesstated by the in
ability OF several directors being present At the Chicago
gathering action the quarterly dividend will be taken
and consideration will also be given report of the
committee appointed to investigate prepare plans
Tor the merger OF the two companies. The forthcoming
calumet q Arizona dividend will undoubtedly be at
81 share. The present production rate is SO ad
justed to do slightly better than meet dividend
requirements. |
CACTUS