The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1914-07-18
METAL

METAL
The demand for copper which pronounced th
first few OF this month"; apparently quickly salts
fed approximately lOOOOOOOO pounds
the demand ceased. The this lOO.
100000 sale booked price OF 49, and
that time the price has been slowly ihaed with nominal
market being quoted 1885 to y.
fortnshtly copper tie
falling exports from this country the increase TO-
past stock copper hand Ham
bury, Rotterdam only % The visible
supply abroad decreased 5l5 and July 18th
SS.SO6
Copper exports ending JIy 10th s.747
TONS or lower average weekly exports
several months past.
have expect any rlter.al demand for
middle August, and such be the ease
the next Producers report will again SHOW increase
The possibilities O further troales the Butte
camp well the closing down of the Greene Canauca
mines all help buoy up the met 'ituaa although it
highly improbable that the selling pli5o IN commodity
viii show any advance when trade conditions generally
continue they
/; is stated that OF the large Lake Superior rroduc
er5 holding copper pound, although
they successful in bookn.
any quantity of the docks we'll loaded.
MOHAWK
The delay in making announcement in regards the
semi-annual dividend is causing be skepaI /,
the likelihood OF a disbursement period. Up tn
past week. it was generally believed that 81 dividend
would be announced ana is yet possible that this
amount will be paid announcement has been made
contrary whereas months ago the MANAGEMENT
issued stockholders, announcing that dyi-
dend action had been deferred Heretofore dividends have
been declared usually between the first and the fifteenth
and the stock years past sold
ex-dl, toud before this
Tho rourtion of 728 Of mineral for the month OF
Jun" rtainy pleasing stockholders, thu
LARGEST monthly since October 1912 Mohawks
tai for the first months of this year 574o0O
pounds mineral which equivalent 3g55jOO pounos
Of IeDacd copper assuming mineral $50 This
really higher than last year. when the yield
the mineral was only 1860.
Mohawks average per pound refined copper for
the preceding including construc-
company handicapped during 1913 on ac-
of the strike hence the that year not
used in arriving the II the management
ing the past six months has been successful keeping
the down within fraction Of this average Mohawk
will have been doing exceptionally we'll during The FIRST
few months the production only about 300 of normal q
and this is bound to bring about higher
age costs. -
While official figures on costs it seems
reasonable to assume that the months 39;55c5
pounds Of refined copper which output Of the g
company could not have been \
cents pound and fourteen market, Il
net profit would have been s9SS7 81 per
share for the six-month period. n
II the June output maintained period of a year
it would reasonable expect Of less than II
cents pound and 1872 metal market NIohawE
would be 1926 per the June output ~
was an exceptionally good possible this rate f.
Of production maintained. capacity Of the mil t.
which is 1900 tons hours reached
last MONTH and increase production only be ~
brought about by closer selection being hand d
led We understand that management has been work
ing along this line time past with greater dis 20
card of rock being made underground The refined i
yield it reported is 1914 pounds TO the n
ton whereas during 1913 the yield 1916. m
Mohawk is concretng the collar No shaft and it is no
hoped by doing eliminate sccpagc Of surface WI
ter which has been source of trouble shaft Then m
again. the present timber collar badly in need of re- eli
pairs 1t is the present plan concrete this shaft dov 10
about 50 :,
No shaft is at present shipping tons daily and the de
increase from this point viii probably be rapid as the m