The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1912-10-28


bush 1t is, of equally difficult for to figure ON
developments in southeastern Europe assuming that
nothing transpres the relations of the six
great powers, would that the weak spots coming
along produced by the matters beyond our control to
which refer might be awaited of least in
vative way, acquisition of sound securities. Al
time it might be suggested that be pro-
vided further buying in the event of short and
sharp declines which may arrive
N. ]. MILLER of Miller & Co.
BOSTON, OCT. 25TH
The week has developed further concessions the part
independent producers the big agencies have
taken no part in the selling Consequently has been
OF very formidable proportions and has not afforded the
hoped for opportunity requirements for nearby
needs the part of consumers.
Foreign stil without their November re-
quirement and buying from this source, war or no war
seems TO be an assured fact When it will develop is
more or less problematca will probably be guided
by events outside the industry.
The informed people in the industry betray no
nervousness over the future situation continue
look for maintenance of present levels advance
They point to industries prosperity base
for their belief.
The Utah situation cleared and will
come forward from that source without interruption.
Present prices for make big profits for the
entire industry this has and will continue to be
reflected dividend disbursements all along the
copper line.
OF the general health situation there is lit
tie doubt and long that continues there is no need
for worry to the future.
J. II. CODY of Miller & Co.
RAY CONSOLIDATED
A good many people are of the opinion that
will duplicate the action of Chino marketwise and this
has caused considerable activity though has suffered
with the balance of the list
1t expected the production will be increased after
November 1st the present time they getting out
a product Of about Earnings estimated to
be better 81 per share.
CHINO
This issue has been feature the past week, advancing
to s4s5O as compared with low figure the previous
week of $ss75 has practically all ad-
vance market weakness.
is expected the compans quarterly statement which
will made public the early part of next month will be
very Preliminary estimates place the produc
the quarter 100000 pounds at of little
This would show earnings of be-
tween SC 81 per share When all the bonds
yerted. Chino will have outstanding $4,000 shares.
dividend will shortly after the first of the year
1t is expected Chino viii dsburse 81 quarterly to start
with at that time they will have, 1T is estimated a
surplus of about ss5OOOOO in cash and unsold
LAKE SUPERIOR ISSUES
These shares Lave suffered severely the past week. anG
with apparent 1t is the o, al
not increased production much would pos
sibe. However. for this the
main cling shortage of labor This i'm reality is the
cry all the Country and certainly is sign Of
prosperity. iurther indicates a stability the metal
market though it is a firm ioun-
dation, producers being sold ahead from three
months.
During years gone by several of those issues showing
weakness the past week have had active
supporters in the East However II they
:iieads whatever they being kicked around
exchange in great fashion The only
Ills would to be the fact that they not heay
ly capitalized really closely held TO permit Of
much ,otbing. The Eastern brokers would ather
support the rorphyres. which heavily capitalized
Thea again the Lake Superior mines being operated
with view earning only. attention being paid to
stock mtrlet quotations.
That the Michigan copper issues offer great invest.