The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1914-01-31

stock for While this $475OoO
received Greene Consolidated is sufficient to
pay 81 dividend Greene cananea. the com
iany has a treasury balance they recey
S27SOoO of the amount dsbursed during 1912
Practically all the $40 Greene Cananea has ex-
500 stock ana those who have exchanged
will get the proportionate dividend or
twenty cents share.
UNITED STATES STEEL.
The report the quarter ending December 3is shows
net earnings s2sOsGs4s. cores
ponding quarter years earnings by
months quarter ending December were: Oc-
tobe $l43O00O November. $7992.OOO AMI December ST.
$4,000 indicating the extent of the sowinsup business
and cutting of prices The December earnings the
smallest for any month three organ
of this Dig corporation and those three months
November December, I9OS January 1904 AZ
that time this corporation sold IS
| per share. This low price not entirely due low
earnings there number of other factors working
against the market mainly the Northern Pacific episode
With present of dividends including the in
tcrest the bonds fixed charges for each quarter
amount to $1996SOO0 This does not include depreciation
or sinking fund bonds Of subsidiary companies. The
reported shows only $4O69l chag-
cd purposes, while during corresponding
quarter s7,7S6216 charged a like
amount had been charged off this quarter deficit of
4
StOO2,OOo for the quarter.
| But with this adverse quarterly report the total
earnings the year quite prominently
with Sl37l33363 which leaves surplus above all charges
Of $5539OOO and this surplus after allowing
Precipitation of $i5,OoOOOO for construction
cradle in of that for the past years.
AS writer's prone remark, quarterly
port just issued has reference the and market
owers always discount the future. but nevertheless
Ia, tho
New orders have been coming in in good during
the past month and the predictions
in the untitled will be shown monthly
report number of the plants that have been closed
have been reopened during the past thirty days and
generally stated that the Steel Corporation is working
to about soc of capacity compared 4oGs during
December. During the early part this
and iron trade extremely roseae although
there he tendency exasgeratc improve
ment.
Regular dividends declared both the Common
The If s1.25 pay
able March stock of record March while tho
Preferred Sl.75, payable February eth stock of
ord February End.
TCNOPAH ISSUES
There considerable strength Of
late; probably the most sensational is the action O
Tonopah which holds firm above 81 notwithstanding this
ccmpanys its property Tonopah camp
is very small The lowest recorded Tonopah in
1913 was 81 as compared with recent sales high as
$79S.
Tonopah INNINGS net earnings for the month of Decem-
Der sS3125 from milling total of 1880 tons of ore
This is decrease 3i5 in the profits Of
I'll tons in the total number med compared
with the month of November and in the
age value of the med of si5 At the December rate
of earnings, the company is able 20 maintain its present
% cent quarterly dividend disbursements and then have
well in excess of 100000 to spend annually
critics without drawing the There talk
of the old dividend rate being the present
rate was recently established companys
sion policy calls for considerable outlay
very doubtful of any this quarter
Tonopah Belmont earnings s17I,s
month of December This company handles by the
greatest tonnage of any Tonopah camp
total of 1903 tons miled during December de-
crease of 222 tons in the of handled
pared with the month previous but increase in
earnings of $10i79 indicating a higher grade
handled.
The December earnings $4,000 excess
monthly requirements make 25c quarterly disbursements
While the dividend increased is possible
from time to time interim dividend will be paid of
the accumulated earnings.
Jim Butler for the shipped 1871 tons
ing feature of the December ~
tons mlcd which gave net increase of s29s i'm the
monthly earnings The profits per ton made by this
pany also showed an Increase $7.S2 made
December, while only A.16 made in November This
company had considerable extraordinary expense De-
cember 80 the results obtained reality than
he hsures Indicated This issue has advanced TWEEN
ty cents "A share in the past ten days
onopah Merger shipped $50 tons during the month of