The Calumet news., 1912-09-28

reports Of the likelihood increase in The dividend
the coming quarter They earning 81 per share
IS metal the present paying only $3.50
per year. 3714 cents quarterly.
The quarterly dividend meeting will be held
until the middle of November during that time the
further stability Of the metal situation will be clear
y demonstrated
While yet Nevada Consolidated has suffered by
the labor troubles in the Bingham camp is rumored
that demand viii be made increase by
all classes of labor in the Ely Nevada Consolidated
is now selling at $2Sh compared with the high price
Of $27& when the nearly large
the present time
NEW YORK. SEPTEMBER 27
The has witnessed a continuation of the develop
ments of the bullsh sentiment which noted last
lines resulting broadening the trading and
advances in many directions.
which has come along has of course been of
character fitting excelertly with the newer trend
market ideas, in marked contrast equally good
which has been without influence the past
Chief among the splendid August
ments of the railroads. such the Hartman Pacific lines
the Atchson the Lehigh Valley, etc, while the great
New York Central Pennsylvania figures o be
day two will probably show equally relatively hand
results All this merely confirms the statements
have often made in the three months of broad
definite Improvement general business largely de-
taken pains predict would about the situa
on. latter point evidence accumuates a gov
ernment under estimate the spring wheat crop of prob
ably 20 bushels, while such dam
reports have arrived the two days, develop
ing from frost in certain areas. have met response
any advance prices in the Chicago market In fact
the options lower tonight than YESTERDAY Prob
ably such damage has taken place is than bal
aReed far by the splendid development of this great
states
ndustrias point view. therefore "The goose
shipped last However with is cent metal their
copper be slightly below 1870
ana they would then sufficient to 81 quarterly
This shipments 200 per day Hence SO per
year earnings per share within the of
s5ltes when their shipments increased to 500 tons
daily the Calumet & Arizona new smelter
completed present prices Shattuck is very attractive
ana there is why it should not sell considerably
above present prices.
We told that Shattuck shipments will not affect
| Calumet & Arizona production
BUTTE & SUPERIOR
At the stockholders meeting of the Superior held
Tuesday week, directors authorized TO
increase capital shares of which 10000
shares will pc sold Immediately pro stockholders
$37 per Stockholders of record Thursday
Sept 26th will have the privilege to subscribe for one
share $3.50 for every eight shares owned Rights are
hangs high" while politically. wall Street sentiment con-
the election of the Democratic candidate
impression confirmed after following that gentleman
through his recent western Tour.
Money continues firm but the rates remain controlled by
foreign exchange and mportations of gold
this situation will be further adjusted by response
wheat TO the logic of lower prices which
latter will bring demand from Europe
There would appear be, therefore, nothing calling for
particular discussion excepting the technical position OF
the market which the still relative narrow
the speculation may easily enough become bit
congested tired resultant reactions logical fol-
lowing condition. Otherwise, continue to feel
the money will come bull of stocks and that the
buying side will represent both the line of least resistance
the accumulation of Profits for considerable time
to