The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1913-11-08
Gossip Of Market and Mines by Minnear 4 Go.

makes any disbursements will be from its surplus and
this they have into the surplus for
ssoOOOO dividends besides $500 600 for the paid
in February The information contained in the annual
report the company nther limited, II indicates
cash quic, s77ooOoo of this
year.
Ahmeek has been fortunate Calumet Hecla.
for up shipped any the strike
was naugurated During the first months. 1t
essary into the Of the the extent
100000 pay the $40 dsbursed In dividends during
that period. For first four months
Of the the surplus again depleted the
Of $4,000 by $500 dividend disbursement and fmth
the overhead that s salaries Of officials
etc, gone unnterrnptedy without any production
It have been necessary go the surplus
this item well Tho construction Of addition.
heads the mill has been continued and this is anothe
likely earnings for tn
last half 1913.
The company had surplus Of 81 100000 the first
the year. at the present time considerably
less than the s1.OOOOOO mark should remembered
that it only takes $4,000 800 per
it is just question what extent the
wish debee the treasury by declaring another div-
dend this year.
osceola is carrying very large surplus and
afford to make disbursement The quarterly div-
dend $500 with $3.50 the previous quar-
and $500 the quarter year. declain.
company to into the surplus the &lOoo.
Since that practically 100000 additional has
from tho surplus the $500 dividend deaar,a
last quarter Thcr rrain fti tho ae, h.l' f..
-'.r -ir NH.u..s o., ,H" .0lu..Ils ia... .. .se
,., ,.lru.ut, .- uroda.t.. .rrI.t percent
, the normal output
on the first of the year he company
in cash and quick r,777oQ, Eve. n .er Co.,.
labor troubles have been costly con5av .r... ra..
in excess Of s1o0o,ooO N ash ard quick
-, readily it Is position SOM. .i ,...
disbursement stockholders # the rraul-al... #.. u
10 10 so.
AIloue-'s expected initial dividend viii .o', deferred
for at least SIX months. While the potts Grs
months S151oOo, there is little hore Of b-ea'-aa
during the last months. Unques;iona1 y SUP
plus 4 least $5O1cOO will We b'i 0arore dividends
serious onside aton - he msn1veaeltt tt. aaie
half that available for surplus li IN,
ginning of half of this year.
Mohawk unlike Calumet Heca subsidiaries, does not
issue semannual OF earnings, indications
that dividend viii be paid the coming pc
lod until the labor have ceased
announced by its sister company. the Wolvetf..
Mohawk has been unfortunate than the others
much they had to contend with
the early part this year.
January l, 1919, the surplus $4,000 Since ,f
time the company has disbursed 100000 in diyidene
While earnings could have been much in a.
100000. Further, this company has not proau el
ound copper since July hence the ouuoo' r,I
dividend the first of year very .i.r. ..
though 1t be possible the directors will turtle
inroads the surplus
Summary: 1t is impossible forecast the action
directors in regards dividends for while their compan
may not have earned the money and have any
than working cash surplus hand. It possible
them mortgage the future keen
GOODWILL of the stockholders and also continue unboEsa
dividend records