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Show WOLVERINE TO KEEP HOLD OF ITS CASH The following was received Saturday frbm Boston by way of tho Pollock wires: Tho Wolverine management has decided to husband Its resources until un-til the outlook at Lake Superior has Improved. The company has turned all of Its coppor into cash, having sold every pound of its production on an advancing market. The last salo was 15! cents. Tho company has assets as-sets of $700,000, bf whloh approximately approxi-mately $500,000 Is cash. The I-ako mines could not for months get back to normal production oven should tho strike bo called off tomorrow. When operations havo been resumed, however, how-ever, Wolverine dlreotors will quickly quick-ly act on the dividend, nlthbugh It will probably be at a reduced rate. |