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

due
Arizona Commercial Is capitalized for 100000 shares
Of which 10000 have issued. The remaining $1,000
shares held far The GOA.
vertibe a 500.
financial rnlsfsrtunes Of the cempany's President
Mr. N. L. Amstsr. viii hasten a reorganization.
Were not for this fact Is quite possible President
Amster would have been able satisfactorily
property until ID was on self-susainng basis.
There has been some talk OF reorganization which
would involve assessment varying 81 to IS .
share bat ys, NOTHING definite decided.
company is doing at the 1900 level If funds
available the shaft will he carried down
The prospects for a consolidation between Superior ~
Boston and Arizona Commercial much favorable
now than before ard IL such deal is
ed it win eliminate the necessity Of a reorganization 81
Arizona Commercial assessment The
stock looks attractive a. az.
SOUTH HEcLA--
special meeting Of South Hecla shareholders viii ~
called September sth President Watson Issued q
circular letter outlining the purposes this meeting
1t Is opinion that shareholders viii vote
orably the prspositio IN part this letter
follows:
"As will S5ee. this ny is for the purpoA
of taking action the Q son OF ratifying
Of the Board Of Directors meeting July 22d.
1911 whereby the Board
ton of contract with Jar, p. Edwards Norrna~
w Hare for the transfer Of property props
erty interests Of this corporation in exchange 200ss
shares of the capital stock the corporation be
organized by the ssd Edvnrdg and HARE.
deem 1t but proper tc spy that gentlemen ers
erdeavoring TO organize rporation
property OF the City Rocks Mining Company, Grizzly
Mining Company properties in the Alta
District they deem advannreous and these men. m
they organize tho corporatou. win finance the a
large scale and the Board believing &c
such corporation Is organized, It would be the
interest welfare corporation
transfer its property such corporation
10000 shares OF the corporation
change therefor and to that ol they authorized
oution contract b, corporation which
take effect unloss by the stockholders.
end therefore the stockho1ers meeting called
consider and pass upon the sdvsaby entering
contract along the lines suggested this %
considerable Importance to the stockholders hoped
that will your way clear participate
IN the considerations Of the stockholders the meeting
SO called"
MINING NOTES.
Superior Bostsn held ny during past week
the tho the general copper list
All offerings OF Keystone 90 a very ready
market Someone reems 90 be holding the bag to dump
thu In that figure
Some favorable developments ct Tonopah during the
few weeks have buying in this ana
hat little below So per share.
I'm Giroux shaft caused loss of
lives considerable property well. The
sold down to 81 on the rouucement OF the
In the that a reorganization or Arizona CONNER
clal is decided Il is hardly reasonable
assessment unless the stock f. higher make the
payment assured by shareholders.
The Fnlay II taken seriously by copper
may lead further selling of Lake cop
pers. 81 should remembered the report
was prepared solely for taxation purposes.
A break over three points In Copper Range FRIDAY
came something of a surprise limited
There Is stock wanted $50 for investment
count
The past week has been unpleasant for hoders
Of copper shares. First the Amster
properties followed closely by similar movement against
the Dow stocks end In each Issue low prices
Of these issues offer great speculative
portunities going quotations.
of the low priced curb issues marked down
to rdlcuousy lew figures this week. purely
speculative standpoint, 1t would appear that when such
issues as Copper. Maynower. Chief. Agomah In
diana Lake onscO. ETC. be purchased at prices
which quoted In the past few days. possibilities
for quick profits are anordod.
Fremont directors have lied development
work at property shareholders responded
TO the called pay
ment on propery this Fail and directors hope
that sufficient funds he available to make this
payment that options lie permitted TO lapse
They the propery worthy OF further devel.
cpments.