The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1914-05-05
Gossip Of Market and Mines by Minnear 4 Go.

ures monthly profits, showing they do steady
increase than 100000 in January an
excess of s7.O0O0OO In March.
! Notwithstanding the adverse report the company an
regular dividends both Common Preferred
The dividend of N is payable 10Th
of June list, and the Preferred payable
May 29th to stock of record May 4th
According all reports. it quite likely will he
i'm of the employees of the compa MES
While officials of Of the they
uctant about considering reduction they
and further that 1t will the interests of the
men best, for it daily counts but the
yearly and it will be possible compete with for
the AS it u.s. advices
have already received laying a number
of men,
There has been considerable price cutting the
in effort to book business, and every day
makes 1t evident that the foreign
entering the American markets which entirely due
to the reduction of the tariff 1t generally that
prices number of the finished
panes close marks. means
be resorted
GREENE cANANEA-
The 'lent fluctuations in this past have
attract considerable attention. and it was a source of
worry to shareholders the price shares
decline as iapidly as it did Monday last, a low
of SPIN recorded s21h shows a decline of 211s
points from the high this February 4h. The
rebound was just rapid the decline Thursday
Greene Cananea sold up sSS.
The Mexican situation directly responsible for the
movements in the stock, and undoubtedly continue to
be market influence ISSUE probably more so than
most other stocks ordinarily is not a very wide
market for it,
AS understand it. smeltcrs of this COM
pany are completely closed down, although
made to resume operations time during the coming
week 1t is hoped that the friendly attitude the Cons
nl;yt.
OF the district where the Greene Cananea located
The News Bureau stated recently of
the Greene Cananea asked Secretary Bryan whether
protection of property owned in Mexico
could be expected and told that those Americans
nave been oohardy enough to invest their in
esn lands must take their chances by the
consequences
Undoubtedly this item alone considerable to do with
the selling The surface plant of the
quite expensive and if destroyed be severe blow
to company
The directors of both Consolidated and Greene
cananea which is the holding company met the past
week and deferred action both dividends. While the
company has sufficient funds to make disbursement at
this time owing to the unsettled conditions seems the
better policy to draw the surplus
The production for the first three months of this year
was at the rate of approximately pounds annual
~ While as yet the official the cost for 1913
have not been issued it hardly likely figures will be
better than 1O1a cents pound. With costs it can
De readily seen that present rate of
cananea would be earning han SO per share
Inc quarterly report of this which recently
been published is far encouraging and falls consider
lby short of the promises made for company The
eIort shows cash and s137 4s9 less ac-
counts payable s21i6 leaving net balance OF ss ao
According to the presidents statement all are in
"hhs ore only and ore is in sight foot
eVeL although between the 400 levels there are
howngs which Indicate the possibilities striking high
trade
Iemskamng has outstanding 100000 shares In addi-
'on 10 he eompanys property in the Cobalt district
company has controlling interest North Dome prop
y in the Porcupne camp. has cost the Temiskam-
ng company about 100000 in purchase price and deve,p
nent expense without disclosing of much value
CANADA COPPER
1t has been officially stated that shares of British
ouba stock have been deposited exchange for shares
u 'ahada Copper out of total 591, shares The
valance of the Canada Copper company shares not used
his exchange together with s55O4 par value of the de-
centuries OF the Canada Copper delivered TO and
aid for by the underwriters
when this plan of financing was first announced il met
'h considerable opposition but gradually
o 1t was easier to swim with the stream than against
ana as general rule minority stockholders are not as
yell taken care of as the majority
lass CONSOLIDATED
This mana cement has brought sbipme,,s 9. nm, D., ~, v
ge OF 500 tons day and next week will be milling eoo
'"s uay' The increase will be steady a production
ooVe 2oo tons attained Large reserve openings were
'ue prior 10 the strike. The Butler is opened two
' :" aoV"hce' better selection of can be made
nan ever before and the remodeled head is showing
excellent extraction bringing the refined copper yield
acton above II the ton Of rock Succes. for
lass now hinges entirely upon larger production As
shipments 1 dale