The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1912-10-14
WAR IN THE BALKANS WILL CALL FOR THE USE
OF COPPER FOR FIRE ARMS AND EQUIPMENT
Continued From Page Six.

be reduced around 10 with estimated s cent
Hidden property when advanced to
producing stage
MIAMI
The third quarterly dividend of fifty cents declared
this week. payable Nov 18th stock of record Nov LIST
There slight falling in production for Sept. the
output being 2s4sl5O 100000 pounds the
previous month. which greatest the history of
the The September production however is 200
above the the first nine months of this
year.
Miami Is reported have sold copper for delivery In
Feb 1919 at Tx cents Allowing for Of "a cents
Tx cent basis Miami is earning $3.50 cents share
This is issue in which there has been wild
speculation. although there wide market for its
shares. 1t is listed In Paris we'll New York
end Boston exchanges.
With present metal conditions a further advance in
Miami would seem to be warranted as 1t is now paying
7% present selling price is
ing approximately 1870.
ARIZONA MICHIGAN
We understand that arrangements being made to
wind up the affairs of the company and allow the
ment the property to lapse 1t is likely that
circular will be issued stockholders short while.
making this The will revert to
the original holders
roNoPAH BELMONT
The quarterly statemen. shows earnings Of $4,000
the previous quarter, equivalent 81 which the
present dividend requirement They have quick of
only 1851 900. which $457, 600 is cash In banks.
CALIFORNIA PETROLEUM.
This issue made its debut the New York stock
change last Saturday opening at see and Immediately
selling up s72M. with the reaction the balance
the market also 10 $751; although closed yeser
lay at $6S%
1t this week as a Miniature Standard OIL"
Am ~
that 1t simply question the stock gradually rising
prices commensurate with its intrinsic value and
earning capacity. that will higher general
market permitting.
AS there only 10000 shares $4,000
shares OF Common undoubtedly in short while it will be
very closely held. Through its subsidiaries $4,000
Of oil lands in California Of which only 1900
worked Further. the company has in opera
ton only 1903 of possible $50 wells Therefore. be
readily realized this corporation has bright future Ac
,crdng to the report filed with the New stock
hange for the first months year.
salaries earned slsaoO after deducting operating
osts, taxes royalties. interest bonds sink
ing fund
As California Petroleum at least 500 the Conn
and Preferred shares of the American Petroleum
md the American Oil Field Co., mentioned above SUBJ
salaries. Its Of the earnings
,anies is estimated will be s1.5350OO this year.
ieductng the 10 dividend the Preferred stock
standing. there would left $7s5OOo dividends the
Common and development expenses.
A AZ per annum dividend basis Is early looked for,
which would stockholders approximately So on its
resent selling price.
Circulars issued by Miller Co can be procured from
IL upon request.
CALUMET SONORA
We cannot help but feel this Is low priced that
should not be lost sight Of Until the equipment
las been Installed, the total shipments amount to
My about 100 daily. about $4,000 per
week In statement to the directors issued few weeks
Mr.. Walter Harvey Weed consulting engineer OF the
roperty stated that with the machinery in position
he output would be at least 400 daily. He
urher stated that the price copper
as contributed toward Calumet earnings and
ere It not for the extraordinary the
equipment Of the property IT would now showing
substantial profit. 't,
Calumet 4 Sonora has opened several good IN
Godneld Consolidated showed further weakness on the
furnish the mill with the increased tonnage Barring
ccdents the remodelns is expected be completed
he machinery installed by Nov 18th. !
This property Is located Cananea district adjoin
Greene Cansnea 1t rs capitalized for 100000 shares