The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1914-01-24

Wolverines fiscal year ends June S0th and this date
year company had in its treasury approximately
100000 in cash and quick assets Since this time the
ranys earnings have practically nil
VERNE this treasury declare small
dividend it would not seem advisable very big
roads on the surplus 100000 being required for
working capital normal output. 1t quite
possible that $500 will be declared February,
doubt much if anything in excess of this amount will
bc distributed
MOHAWK
This companys property, located in northern
part strike zone oper-
The Western Federation of Miners after losing
of the larger mines concentrated all its efforts in
attempting prevent this company from resumng rock
shipments but the Federation is slowly losing ground in
end Mohawk gradually increasing It's force
with a like increase in rock shipments
present the company its payroll 275 and is
shipping the Of about 200 tons daily. This
pares a normal output of 2,iOO with average
working force of 500. All the hired by this company
during past applied for positions without
licitation part the company, many %
positions made by the strikers filled in this
in day.
The property IS now being operated only ON single SHIFT
short while Rock shipments at the present coming
from No. l. No. and No. 4 shafts At No. 3, few
are employed repair work
No attempt has been made far TO operate No
company's shaft which adjoins Ahmeeks northern
boundary. which good expected
The equipment about complete and
complete with the exception hosting
engine this will require than to put
it in shape for active
We understand that the this company is now ship
ping running % pounds mineral to the tom
during the year 1913 about pounds the
year 1872 the yield production the
months of 1919 57s,2S7 pounds, while that
the full year Of 1912 vas 4, 995 pounds
The Eastern management has ignored The semi annual
dividend action No announcements have been made and
the meeting date is due 1t looks
ing will be done for sometime, but seem
if stockholders should receive consideration
be advised as to the plans of the eastern office.
HANCOCK
Yesterday this issue advanced points hgl
sales sci There nothing account for the adj
vance other than the announcement OF rock shipments
Operations at this property resumed January md
At that time force of 10 the payroll
company. Since that time, the increased
to 12O and compares with normal working force
of 100 preceding the strike.
In regards To rock shipments, told
pny intends to follow the plans naguated last summer
that all the out in development
work in the bins until such time they to ca.
pacity The limit Of the capacity tonnage was
reached yesterday and this shipped Centennial.
| hlouez stamp mill. This procedure will continue from
time to time until the development advanced
to such stage that the COM
pany made steady shipments. Practically no Stopping
will be done until time
COPPER RANGE CONSOLIDATED
This company has raised its daily production To approx
imatcIy 5000 tons About half this comes from tho
Champion and the Baltic and TrI.
mountain. There perhaps greater exodus of Copper
Range employees at the outbreak than Ct those
OF amy Of the other mines During the past two weeks
ever $50 old employees who dstri. i'm July and
August rather than join the or
nrdize their lives by working while was pre-
Valent, have returned been assigned TO their old
places The Lithuanian colony, which nearly disap-
peared month has nearly its former size
There have been no importatons of recently thu
company depending coming own intiativ,
I 10 FIJI out the forces Whether mportatons win II,
made will depend the number OF the unsolicited influx