The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1911-01-13
Minnear & Co.'s Gossip

Homestake Mining has declared the
regular monthly dividend OF SO cents
per share. payable January 20. The
books close January 20 and re-open
January 20.
There has been some talk in metal
brokerage circles about the producers
figures of an adverse nature. These
people claim that the annual issuance
of figures keeps the trade in state OF
unrest and that the figures are not vi
tai in any case. The big metal COM
panies state that the European de-
mand FOR copper keeps at very high
/ figures, it being the best for many
years. 4 large amount OF metal has
been consumed and unquestionably
the invisible supply has been largely
decreased.
The management of the Winona and
King Philip properties is in no hurry 10
start operations at those properties.
Every thing is in readiness. but the
metal market viii probably hold back
operations.
The AhmeeS shafts Nos and 4
have been running practically parallel
10 the lode for some time and will en-
ter it very gradually. 1t will take still
considerable work before the deposit
is well opened up. All signs at present
point 10 the fact that the lode is as
good as it is in shafts Nos ! and 2
\ man well versed i'm Lake condi-
lions says that he believes Laurium
will make a mine. 1t owns the un-
derlie of the Kearsarge lode under the
Osceola property.
Although New York is naturally the
primary market for Anal, il is inter-
estlng to note the fractions in this
stock on the Boston Exchange exceed
ed those in any other single issue for
the year 1910. Between 904 and 55A
the high and low there were $4,000
shares Of Amalgamated traded in ,ne
Boston market during the past twelve
months. The next most active stock |
was North Butte the transactions in
which totalled S74,269 shares between
80 and 1Si2. The outstanding capital |
of the Lake Copper company was trad
ed in almost ten times. the total trans |
actions amounting to SO6,223 shares be- |
tween a high and low of 941a and 2S1k. |
Next in order was North Lake 541.196 |
shares Of which were sold between |
26 rs and 3-S.
During December Nipissing mined
S11, 55S ounces of silver valued at S2O1,-
OF and shipped ore of net value of
s4S7615.
Large selling agencies and producers
are now quoting electric at 12% in
stead of 10 cents per pound Sales of
copper however, are being made as
low as 12l5 and certain small dealers
are inclined to cut this price. Sales are
small even at the low figures
Directors of the Winona have voted
that all shares upon which the assess
ment remains unpaid are forfeited and
will be sold on March Sth next as pro-
vided under the Michigan laws. unless
the assessment or assessments due
theron with interest and expense of
and of sale are paid for
that date. 1t is necessary to make
payments at once to the American
Trust company, transfer agent, to save
the expenses of advertising and of
sales.
An assessment OF 81 a share has
been levied on the stock of the King
Philip Copper company. payable Feb
ruary 10th. This makes the total as
sessments on the stock $13 share.
The c. * A. and s. q =. consolida-
lion plans will go through exactly as
we indicated early in December, with
the sole exception that to S. & p.
shareholders there will be paid a sum
equivalent to IL times as much as
the total dividends paid by c. q A.
from August LIST. 1910 to April LIST,
1911. The original plan called for a
distribution of an equal amount as paid
by c. & A. or forty cents a share. BY
the new terms S. d =. shareholders
will receive approximately Sc cents
share, If c. & A. pays a dividend of 81
per share i'm March.