The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1913-01-25
Gossip Of Market and Mines by Minnear 4 Co,
NEW YORK. JAN. "a. 1918.

of Balkan situation being unhapplly aualifcd Tod
elk by the international dissensons Turkey which may
have a very important hearing the South Eastern $
uaton and which for considerable discreet
IL judging which may finally there transpire
- In other matters the testimony Steel suit lea
somewhat unpleasant effect. the disclosures so
J. made may easily enough develop further adverse sho,
ing which will place the government dissolution suit in
more important attitude than generally discuss
al It's initiation Apparently the surface here only
scratched so iar and is evident the pr
poses searching and exhaustive investigation which fro
time to time make for quite rresularity in the
shares
Elsewhere the details foreign trade for the ,e
year represent splendid figures showing ind
eating balance of nearly Shs2 goo oOo
hsnre not exceeded within memory while the De
e"mber excess exports 975OOOOO were practically IN
largest of any record. with exception of IN. obnorna
export situation pertaining To the December 1907
"heh the necessities of those days for an exces
export balance of nearly Sll5"9OOOO 1t is easy TO see
mat oulwarked with such splendid showing our wor.
position has become strong and easily enough ma,
make for bulish developments a bit later on
The market. however. is stagnant with notcs N,
main lettering of the suat ton Good roroaa eor,
hgs with vast business stlll he moved n generally
labor all appear to be factors passed by as nee,ishl
III the market shall have clearer understanding botb on
''rH revision probabilities and a general Idea of political
''''''''S later 10 be indicated We only suggest
' 'e "e OF prices continues considerably below the
~ VI 'ii"eS IN many instances and that while the out
look remains indicative reactionarv tendencies NJ as
here exist some pretty bread fundamentals which ouph
To operate buishly later on-N j. Miller of MiIIor g. 10
BOSTON, JAN. PATH 1918
here was some buying Of copper metal the past week
ana what was sold on reduction price to le and 10
WnC fatsa,
no reason to believe that the price win fan materially
zero" 'hese hgnres as the metal situation is very much
a'nerent now than II when we had sucb u,ido
fluctuations IN prices and consumers were over-bougbt
ue's Oh copper in this country literally short
. "''"' "S wen as great many in Europe Consump
~ ~ N'e'eu production for the past few years and a !
u'h reduced production is looked for in 1919 and that
W ''roush eurtament Copper production figures for
VIZ are interesting in the that a number Of ,bo
ia Michigan properties as Calumet q Heca ccoo
a. quincy Mohawk and Wolverine show decrease in nro
ucton and will Continue TO do On ybi,o a.,
ontinue to show Increase In the mast vear Mt
l2o ana Ray Consolidated 1870 Owing IN loborl
ouoeS otah Copper and Nevada Consolidated show butI
light increases
"e he'di market showed distinct improvement t,cl
" Few Gays both here and abroad 16,s cent basis
Gems to have been established and considerable so,as
'Nhg place at this price II. Cody. of Miller g. Co
A ROSE l
''s 10 inc annual financial statement Of this cons
my 'ey mad cash and in on the first Of th
FAR totaing $l,sG5e7 equivalent TO oho, 9, % -
lare 800 ' +
This compares very avorably with the October s,ote
the quarter The directors the companv have NJ,
avs ehdeavored to keep the surplus near the 81 200 ooo
N ana as the earnings 'sst larger than
uSi"ehd disbursements. 25c dividend was declared
'e january 2o'h to stock of record December aist "
s' year. f42c per snare dsbursed TO the 4es Don
ares outstanding This January disbursement of 25c f.
extra dividend and it is expected this rate will no
'htained, as according December EARNINGS t az
s Tor Twelve months operation would be ST. 200 600 or
per share. re
rhe developments have quite satisfactory for -, ca
81 year and while the been diminished q
mas not to as great an extent the total shipments
RBN COPPER sh
MS issue mas furnished considerable life curb the WI
y week. selling up from &c TO isc understand that
erai Of the eastern brokers were sbor, ., , thu
re- ana their buying helped along the advance II , ms
IN az II they deserved being squeezed for se,,n Ing
&c WIN quotations under cents but then again u 10 inc
Ill wind that blows nobody good for vi,bo,, ,, !
re were some good turns as the stock odor bee
r 1909. ' wa
" cause Oh the shorts running cover WAS tho ~, use
. " 'S"eht 81 $l payable in INSTALL -"
us vi hty cents each, February l1th and , an IA
IL 22nd. ~ ' o''I IL /
ms assessment will raise slso000 and a. M - be
u debt to the extent of $50OoO tbis win H., the
ne tunds to do further development work NJ, ,, use
'erty which they have under option AT Roc,ao, plac
l. winch - about 81 miles southeast of Rut,a no uu r
up their outstanding obligations at
"'e 'he company sl their former propor,v ..
'' active operations there some time o repi
Ner results from mining standpoint wero hons ., chin
the new property. " w
Twin worl
haS b.en maj - r..o