The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1914-02-14


difference in shipping So and 80 as far as these
Il freight concerned
: TAMARACk-
II New York interests have been making a market
this Issue of late and the stock has enjoyed temcnd
y GUS The story that the company has over &,
in the treasury has been used good effect in
creating 4 market. While it is the eompanys asset.
liabilities the of ACCORDING ~
the last semannual issued only 100000 of this
amount in cash and quick assets at that time
the company had notes outstanding $1364ss There
fore il be readily that Tamarack paid up s
debts, it would have had only 5000 treasury in
cash and quick assets about $500 per share.
This treasury balance Of 100000 evidently not sun
Gent finance the product the neces
s for borrowing the amount stated above. The financial
position of the company has certainly in tho
past six months. While be LIQUID
ating proposition has ground prey to the
account of the labor difficulties considerable
of the tonnage from the mine being from the
hacks of the old which found to carry
sufficient copper mining
| HoUGHToN COPPER
Houghton Copper working with a force az
eleven sinking the wize and extending drifts
The quality of the change since the
| It sumption Of operations weeks ago.
NIPlsslNe-
This issue is discounting the possibilities a in the
| dividend rate. According advices have received
from official of the company February
5th it is stated that for the the ore pro-
duced at the mine has been of a lower grade which
brings with it increased production smaller re-
turns,
As stated in these letters few weeks ago. Npissings
financial report showed decrease of $l39sS6 compared
with the issued three previous. SUPPOSE
on that the Gid the S7la div-
Gcnd paid by this amount. we have
received confirms opinion quarter the earnings
reality only about $4,000 this would la
equivalent % "A share.
There question Npissing will be able to
dividends for many However, no dis
putng the fact that its high grade diminishing and
this the real the slump price Of
the shares of this company.
WINoNA-
There has been nearly interest in this issue
the week there for preceding weeks
The has held fairly s4 the demand
have subsidized somewhat Most OF the buying IS
omanatng from Chicago sources. unqueson-
ably due Chicago people are very much
interested in the being out a,
the Winona mill
We get it that a Winonas rock has been sent
to Chicago to be tried model the
type as is being experimental the Winona MILL
The Lovett machine which being operated the
Wmona MILL has only foot disc
c is using foot disc The this carload OF
on the latest model is allow any
might suggest themselves after test run.
QUINCY
This company continues to make rapid strides towards
restoration of production without importing men
Volunteers continue TO be added a
daily the new miners accomplishing a bigger days
work they famliarze themselves the machines
and the trammers have attained practically all
efficiency of the old force Production about
$500 tons daily during the past
opment work is in progress
MARKET AND MINING BRIEFS
West End Consolidated has big demand, though
here seems to be plenty times The stock
viii sell eXdvidend March dividend il pay
,blc March 2Sth
Utah Consolidated of 800 as COM
Jared with fifty months ago Stockholders can
hardly expect this dividend maintained quarter
y although the announcement the signal good
'uyng movement, carrying the up $14. Dividend
$ payable March 21st to stock of record Feb 2sth
United States Steel orders showed an
Increase of $4,000 tons, In untitled
crs for thirteen mouths
topper Producers Statement Il surprise. showed
decrease in the stock copper on hand or
4lS2 pounds, whereas the financial agents weru
redicting an increase 100000 the stock on hand
his has caused buying in copper reported
here has been good demand the red metal around
AZ.
crown Resere announced regular monthly dividend OF
payable March 10th to stock of February
Southern Pacific Union Pacific announced regular
artcrly dividends The Pacific Central Pacific
suit has started $685. 900 bond
sue Southern Pacific ratified