The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1914-09-19

resumed business the quotations being announced in
dictate but little change in prices Curb trading reflects the
precious stocks holding firm, while railroad, indus
| trial and copper shares slightly lower.
! not to wondered that copper shares lower
FOR probably there is no big
possible exception of cotton that is al
yerscy affected by the and further it is realized
among authorities that will take this commodity
longer to recover than most
other lines OF business.
We understand that private negotiations going
the exchanges closed for the taking of large
blocks weakly held securities and although
ments been made, it is reasonable many
such deals will be put through.
BUTTE & SUPERIOR
This is selling considerably above exchange
closing prices Of Thursday, July 3Oth and is probably
the only exception mining shares The advance in the
price the stock due entirely increased earnings
Previous to the speter, which is this company's
main product selling around 4A cents pound but
owing the that Germany and France produce 500
the worlds supply of speer when broke out there
was a scramble by consumers for quickly
the price pound 1t later reacted
from high figure quoted around SIS cents
quarter ending SOth Superior earn
ed s3272i2 and these profits based price of 4si
for speter, it be well realized what advance of
one pound means to this company.
The management was eager TO take advantage of the
prices crowded production handling
200 daily, whereas the daily milling capa-
city 1000 tons.
While a little early estimate the SELL
price speter this quarter conservative
figure average than 525 per
pound will received this basis, Butte Super
ors earnings would be s45OOoO equivalent to better
per the 2693S6 share outstanding. For
the ending June 3Oth earnings $4,000 in ex
Of the IS quarterly dividend requirements.
In view these earnings at the rs dividend
expected as the company readily increased
the without impairing the working capital.
Superior high $50 the closing of
the exchanges compared with s24% bid s25 asked at
time quoted s2S bid, s2s asked dividend
DIVIDENDS DUE TO BE DECLARED VERY SOON.
Probable Meeting Dates.
Observation-Disclosures oct. 10th and 18th
Anaconda-Between Sept. 2Sd and 25th.
AhmeeR-Between Sept. 18th and Goth.
Iron Blossom-Between oct. 10th and 18th
Kerr Lake-Between oct 18th and 10Th
Manufacturer oct 5th and 10th.
North Butte-Between Sept. 18th and 25th
Old Domnion-Between Sept. 18th and eth.
Osceola-Bctween oct. 9Th and eth.
Tonopah-Between Sept 18th and 27th
DIVIDENDS DUE AT THIS TIME THAT HAVE BEEN
PASSED.
Calumet zona-oncally announced dividend has
been passed.
Calumet & Hecla-onicially announced dividend has
been passed.
Granby-omcialy announced dividend been passed
Cananca-Oniciay announced dividend has been
passed.
Greene Consolidated Officially announced dividend has
been passed.
International Harvester-oncially announced dividend
has been passed.
Nevada Consoidated-oGcially announced dividend
been passed
Ray Consolidated-o Officially announced
passed.
Superior & Pittsburg-oacialy announced dividend has
been passed
STEEL SITUATION
According reports, the mills OF the Country
continue reduce operations present working
to between so and 1870 normal basis
| There a number OF inquiries from South Am
erica and foreign Countries for prices steel
products but far these resulted in
business 1t stated the prices quoted
er than formerly paid by the Countries inqurng
This would booking demand was
and it further indicates the necessity
ducng the cost of production if this Country expects
| compete with foreign manufacturers.
CURB TRADING
We accepting business basis for execution
curb. though exchanges are closed
considerable business being transacted in this
manner
This curb trading a safety valve nasmuch az /,
relieves the market of urgent selling which, If handled
now, itself the resumption Of business
by the exchanges.
While broad listed unlisted securi
ties are being handled daily, forced tc
sell can dispose of their stocks.
We shall be pleased correspond with any read
ers contemplating the purchase sale OF any
securities and shall gladly quote prices application