The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1913-09-27
Continued From Second Page.


600 pounds nine-cen cost and sNteencent selling
price Itah Copper earning about 5000 share
On i625OOO shares which will be the number outstanding
when bonds have converted This nine-een:
cost when working capacity, is conservative during
quarter the cost was 1888 cents per pound
shor, ago advices given out from the New
YORK Office that no dividend contemplated
Tor the near future company wished improve its
cash position would BE- independent of the SELL
ing refining interests who have in the past been
called upon advance money The copper in transit
This issue the best investments in the market
fol even selling price of tne present
dividend rate quarterly would not be impaired
UNITED STATES STEEL
There undeniaole weakness ia this issue the
past week. and Notwithstanding the that it only
shows decline approximately three points from its
high price this month there has been steady liquidation
IN this stock.
This selling unquestionably fear OF the effect
of the Underwood the earnings of this
lny. Then the reports of operations indicate that
the company working to far from normal capacity
Unified tonnage continues show steady decrease and
on August 31st 522S,46S compared with -
49, on 1872, the latter being the
largest since March 3lst. 1901
Ii should that the capacity Of
the Steel corporation steadily increased during the
plants have been constructed If the Steel companys
plants operated normal capacity the
srnkagc untitled would have been much more
rapid hence the present Untitled small
pared with capacity Of the compony's plants At
this time
The new bill Is certainly going increase compe
tition in this commodity lew years the steel
uacturers in this country sentlcmons compact to
maintain prices. but recently this agreement has been
! Of yiy.,l, NJ tho NttpSt
rot only between the independents in this
country but European manufacturers we'll Ger
many and Great Britain arc producers prod
rcts i'm excess of home consumption with the removal
Of the high duty on this commodity they will undoubtedly
price obtained steel has been much IN excess of the
figures secured IN other The placing of tho
order with Germany portion of the equipment of
bateshps for this country is illustration of Nha
might be expected when the tariff bill into effect
for at the time this order placed it is reported il
then meant saving SO t3 cent to this government
Another instance the competition that is going to be
brought about b. change IN arin is the visit to this
district representative English wire house
1t has years since English manufacturer
lave endeavorcd to compete for this line of business, al
though previous that time English were used al
most exclusively in local mines
With the tariff removed and the German and Englisl
steel manufacturers operating below normal the out
loo, for the steel trade country too soo
Unless a drastic cutting of prices takes place in whic
case it will mean seriuos inroads the net profits.
The German capacity is 20,O00,ooO tons an
nuay, where ago it was merely nomtna
amount The total capacity of the United States is es
tinated at 3ooOOOoo which the Steel Trust pro
duces approximately 14oOOOoO, the balance being manu-
featured By independents