The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1911-08-26
NEW YORK, AUGUST rs.


NEW YORK. AUGUST rs.
We have passed through another week of marked ir-
regularity the stock market and the rallies have. as
usual led nowhere and have given evidence of any
material sustained buying interest back of them with
prices have again fallen to new low low
with the situation unsatisfactory for hold
is unfortunately, for some weeks
past.
There has at least been some news running with the
nes which has been lacking heretofore Chief among
the items has of pending labor troubles on
tire Hartman lines may among
believe that the this issue is brought
head and fought out the basis of wages In line
With the economic situation the better OFF VIII the country
large Necessarily this would lead to considerable
gross earnings but the remedy, we be-
lieve. worth the price, do not feel that
this country will be really correct basis
this important factor has been adjusted along reas
enable and sound economic lines.
departments. there is noted a slackening in the
steel industry with considerable shading of prices
ported while general manufacturing lines the
ductive capacity continues much the degree
formerly noted
The congress- however has adjourned and for this
lief thanks the department of justice at Wash
ington activities appears have settled
the policy investigation every conceivable drec
ton.
The situation Is much the same with perhaps some
Improvement corn but 1t is unpleasant to note rise in
that class commodities in popular consumption coming
along a when the country looking lower and
not higher prices
As to Tic stock market continue to feel there will be
nothing substantially worth while buying stocks until the
evidences of important and active support which
far have been lacking and which will probably
present unsettled condition of things
allyn j. Miller of Miller Co.
CALUMET g. ARIZONA ii.
Directors of Calumet Arizona met this week
the quarterly dividend of 81 share payable Sept
20 stockholders Sept Many shareholders
in the as per share. basng
conclusions unsatisfactory condition the
metal market the that the company
ing requirements the 81 three
months
We informed that earnings for the quarter
rine better than three months and close to
per the 62S571 shares of which
will outstanding when all Superior Psburg shares
are exchanged Calumet & Arizona is receiving trine
better than 1914 pound for its and has
difficulty in marketing its present output
NORTH LAKE
the stock weak it for all the other
called issues.
1t might be interesting that North Lake has
outstanding 100000 shares entire capitalization TIE
company sold the at So share, and according to
annual had cash and accounts receivable
amounting 100000 This report for the end
il 81 1870 that during the the
company probably $4,000 leaving cash
well in of $4,000 making 1t the most
satisfactorily financed Of the lower priced South Range
Issues. sold high s25%. and the
II reached prior to the present movement was
$3.50. which was shortly after it's notaton in 1909.
he to a *
ploratory by of diamond drilling There is
talk of shaft being started to explore the three
yeins Adventure disclosed time but in
operations by Adventure these veins
been extremely encouraging. is quite likely that
plan held allegiance the time being Five
obtained the Adventure series of veins all
of them showing a fair amount of North Lake