The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1912-12-24
M0HAWK'S EARNINGS THIS YEAR CONSERVATIVEIY
PLACED AT 100000; NEXT DIVIDEND IN JANUARY
NO smart Equipment
Shareholders Expect So Disbursement But s3 Should BE Salts
factory. Other News o Coppers by N1nnear g. Co

ing To Official information hand and plans and specl
hca'ions are also being prepared for "A mill
We understand they have cash in the treasury amount
ing to about $4,000 sale of ~ 500 shares
which win be offered Stockholders pro So. this
amount will be increased 100000 There 1880
shares issued at the present time.
The property is located In Mountain district
New Mexico about ~ miles southwest of Silver city and
viii undoubtedly receive considerable attention
Rowland crowd Is their only property operating
since the disposal Of Live Inspiration They
have something over 1900 in This district
ana the ore proven mp by drilling has estimated value
at about Sl2 share Upon publication news
the stock became quite active should develop
into good trader
sHATTUcK-
The announcement Of a quarterly dividend of ay cents
per share disappointing shareholders 81 was
generally hoped for. However management should be
criticised for conservative policies This dividend is
able January 10th of record December We
also understand the dividend
rate and payable April Goth This is the first dsbuIse
ment since January 1911 a lapse of two years
SHANNON
The directors finally got together paid fifty
dividend, but stated in last weeks issue. they
heGed month this dividend payable January 3Oth
as compared with the previous which paid
close for this dividend January 10th
Announcement made declaring the
dividend that the directors tad adopted apoy OF issuing
quarterly statements will be mailed divdend
checks This would lead believe that though
the rate might not be kept fifty cents dispurse
ment will be made quarterly.
HoMESTAkE-
Providing with approval, Homestake is to de-
clare stock dividend of fifteen cent This recon-
mended by the Board of Directors at meeting held in
San Francisco special meeting Of stockholders has been
called February 10Th the necessary action
the recommendation. That 1t will be approved there is
doubt This will that for every hundred shares
stockholders hold they win be given fifteen shares
for nothing pro smaller shareholders.
large number of stockholders expecting an in
crease in the monthly dividend rate and this stock dvi
dend is undoubtedly the increase given The
regular dividend fifty cents declared the early part
of the Disappointing bat not snfiiciently
any selling market SOS sales before the
announcement dividend made. We under
stand unofficial that Homestakes earnings
exceeded dividend 1912 by abou,
100000. Then again, the benefits from their new hy-
draulic system were not received the fun
FRANKLIN
Shipments have beef steadily increasing for several
past going forward at the rate of from
daily Most of this rock is being broken
from the eth shaft is bottomed at the saith
level and eth levels look very good the vein
widening better than feet The loading shues
are working satisfactorily they hosting about 1866
sbips day. About 800 being ernployed at the
mine Sixteen machines will be installed in the
course of the next few weeks. and Is hoped this will
assist in reducing costs.
A diamond drilling machine is being rugged up on the
md level of No SHAFT and understand the drilling
viii the vein. This is the most southern shaft or
the Quincy boundary There is also some talk oil
starting the Rhode Island property which now
belongs Franklin Though yet nothing has been done
At special meeting OF stockholders held recently u
resolution and accepted that the directors with
the exception Mcsss Rice Edwards and jennings be
asked To- resign three directors be given the
authority to an the vacancies ON the
Beard The resolution further recommended that this new
BOARD be given the power endeavor the
turn of companys funds with without litigation
resolution will be voted on at special meeting To
Ice held January The clean bill of health given Presi-
dent Edwards stock Exchange committee and stock
holders is very gratifying to the people the Lake
NEW YORK, DECEMBER 90 1912.
In the main the market this week has shown strong
tendency to rally the various low points made since
the first advance very prices of the previous
week and as these lines the tone OF the market
while dun certainly be called strong but with no
evidence that levels inducing renewed
participation by the rank and file of the Spectators
News there has quite plenty. The action of the
Reading company increasing it's dividend Ia an eight
per cent basis something mapped out quite awhile
ago although dependent results of the recent decision
and which dividend rate probably accounts
for the very heavy purchases made above the 40 level
month ago Analysts Of the decision in this matter does
,,o, indicate any likelihood at resulting In lower income
for the coal carrying roads although friends musi
remember that OF freight rates antracitc
Is sti being Investigated aud firmly believe will re-
cult in great change In that direction and against the