The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1911-05-27
CURRENT OF THE CoPP'ElRS
oOOOAA COMPAN



pipe way. 1t will sink in the vein which being
uncovered by ;renching. 80 n,xysEidluHmm
i intmated before the Developments at st Louis
VIII be of utmost Importance to Maynower and Old
Colony Mohawk. 1T is understood drilling
some tifae and cut what is believed
ston of the ST. Louis vein showing good values With
Maynower and Old Colony lying between the two prop
critics above mentioned. the Maynower be
excellent. from present indications It looks as
though MaynOwer would reach So and Old Colony IS a
share
ToNoPAH- ..t>'i az
Tonopoh has fractionaIy during past
week two many shareholders. have
holding the stock past becoming
over the situation There is outely nothing
uneasiness, ascertain. Tonopah has
always been paying high a the investment
that conservative investors would nothing
AS far the public holders Of
are confined to those who only have limited and
must necessarily get high their
Approaching this undoubtedly certain interests
endeayoring to make much OF the information contained
in the annual concerning the depletion
serves While this may be Tonopah could readily
turn fore. Of development work. bring
| serves up with S opinion
The stock is being "beared" a purpose. view.
| due will hear more favorable
news from the mine Shareholders however should
member that been proven at depth
except with diamond drills The company sli holds
option the property mentioned in the annual
ard IL looks though exercised. Incdentiy
it might be Tonopah n excess OF
| IS per share a worthy OF consideration.
CALUMET ARIZONA
Calumet & Arizona session Wednesday de-
clared regular quarterly 81 per share
payable July to shareholders Al a
consequence and in anticipation OF the continuation
the 81 rate the stock very strong selling ss7.
There shareholders realizing the that
the company earning 81 increased
| capitalization expected the 75
share
We informed that Calumet Arizona Is earning
slightly than ninety share cap
ialization. generally thought earn
ngs about rs cents a share the above
mcnt is certainly most pleasing Costs have been
gradually reduced until they around eight
rer pound. further reduction expected In costs
when the smelter is remodelled
Plans for re1nodellng yet
plcted. possible close Of
year the plant Some minor changes being
made.
TO date fully ninety cent of the capitalization OF
Superior Ptsburg been deposited for exchange
for Calumet & Arizona shnres Certificates for about
fifty per OF this issued by
met & Arizona. the remainder will go As
as possible.
me delay in the payment or the Calumet a Arizona
dividend is without significance Ordinarily be
distributed late June, this quarter per-
init the issue of all c. & A. shares for S. & de-
posted. the dividend will paid July
VINO have yet forwarded their Superior Pttsburg
certificates for exchange urged that they
may share in the forthcoming dividend
There heavy buying Arizona
this for New York account, and 1t believed
this buying inspired by w. Corey. drec-
tor of the company
CALUMET & HECLA-
There has been little change during the past
the Calumet Heea merger. Lansing this week c.
&c II. attorneys endeavored 10 a ruling the
hearing protest from osceola shareholders
the jurisdiction
1t is interesting note the quotations
Calumet & Hecla subsidiaries ruling this week.
equivalent quotation new Calumet Hecla stock
Equivalent
Current Quotations New C. & II. Stock
Ahmeek 10 s212.50