The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1913-10-27

Federal Compensation Bill. which IL scheduled TO be
up next session OF Congress- is also likely
Is affect International standing.
II Ne yo understand this hill has been drafted making
II necessary 70 pay only OF the compensation
i foreigners as is paid American citizens A similar bill
was M mt the aet session tho Minnesota legislature
However It lost cut in the committed
Immigration falling off, and If there Is any discrm-
nation Of this SORT, viii probably show greater
crease At the present time, tho of immigration
from the older European countries more in
favor Of South African and Australia
points. immigration Is less for the
continued expansion Of this and should be fos-
| tered
ROCK ISLAND SITUATION
Rumors and by officials this company
regards defaulting the November
st amounting TO about s5OooOo. have in tho past few
caused considerable ncal circles
The fact that the Rock Island company Is closely
nected ST. Francisco. which COM
rnny into the hands n receiver during latter
part May. injured rating Rock
Island company and if the should default
terost and into the hands of n receiver 1t would
icusly tho confidence
titles, only homo,
The information and from very good sources
that the interest the Rock Island bonds will paid
when and that least for six financial
difficulties of this company win be tded over
The Of the Island system have fallen of
considerable. aud the company earning
the interest the bonds with bright
inasmuch this company territory which
flooded IN tho early spring and has almost complete
Spcyer ~ Company, tho financial Rock Island,
also acted in the capacity the ST. Louis x San
Francisco probably this than usual
nervousness This same firm lately became identified
wlth securities by underwriting tho recent issue
OF CRANKY bonds.
Ia ROSE.
financial settlement and mailed stock.
holders with tho dividend checks slight in
in the surplus cash and orc in transit
now amounts to $lsS2sSS. which equivalent better
than Sl25 share shares outstanding
The annual January ls estimated That thu
arc reserve was equivalent value Of 81 OS365 being
made MP of Sl56S of high grade s342OS7 mill
Ing During the first nine months year there
was mined high grade the which was
S9oo"9 50 is quite evident OF the ore re-
serve conservative During the same period
S>c56 net has been taken from milling ore which Is equal
to 20 ot the first Of the year
There has been apprecinble change milling ore
reserve the dumps higher grade ore reserve 10
considerably less than ghe last year. though
development being vigorously carried on and some
f it, al least should produce favorable results although
he formation or tho district is prediction OF
the future can be made any degree Of accuracy
SOME announeemont expected about tn, end ot
'' hsca year regarding disposition will he made of
the large cash surplus Directors arc WORKING an MA,
for III" nvcstmcn, Of part this treasury balance
with the expectation Of pepeuang the life of the COM
ianH after The present profitable been worked out
WINoNA-.
This COMPANY has of about sixteen men ON.
oyed underground holsted Is being shppea
t. IN" min tor storage, During The past week tho mill
YVES onor"t"l for days. was again closed down
awaiting the filling OF the bins About sixty mon are ON
me payroll Of the company which compares with 200 NJ
The time tho strike called. although total of 400
men have hcen the Of the company AT one
ur''' M efforts Ia dat have made to secure out
'f men.
At tho mill considerable activity IS noticeable The
A''ett ceS*tI'r has been installed and undoubtedly will
oe tried cn sometime during the ensuing week If The
expectations IRON this machine realized 1t means an
additional saving to Winona practically six pounds Of
copper 10 tn' to' This together It's present saving
o. twelve pounds will make yield equal to that
| OF the average rrodaccr tho district
ToNoPAH-
SHOWS decrease OF $4,000 that as given Nav sst IN
the cash end quick assets even cons,dorir tho r ,,,
'' o'e'H disbursement $4,000 less than for the
previous quarter.
Inc net earnings Of the company from, mining onera
'!"ns wore $3aSS9s with miscellaneous ,,o. so,c-
rms moEes Tho total income as ooo ,oss ,bo Co. a.,
'uorer Guiding May $1st during the pre- vio,s oparer
'o"' {" nearly $4,000 received from tho 5l,5ord
|" tho ""mranys holdings in the Tonopab railroad
loan" on collateral during the past ouartor decroosod
''''o "n' INC total quick now amount n q sst
% as o' GATE Of August 3ls after deductlng tho dividend
'-" wa" i'ld cut Of the last quarters earnings
inc MT prolt of the company for the month NJ sor
' way only $1,000 decrease OF about 90 400 from,