OCR Text |
Show LAKE SUPERIOR DOIBLESEMIS Interest Payments on Bondo and Notes May Be Resumed. According to Financial America, the Lake Superior corporation reports for the year ended June 30 last as follows: (Excluding (Ex-cluding Algoma Central railway figures.) 1916. 1915. Net earnings all companies com-panies $3,r.03.471 $1,366,210 Total charges 2.812.3SS 1.750,903 Surplus 0f0,4S:i $393,693 Previous deficit 331,765 iil,931 Total surplus $358,718 '$331,762 Deficit. Surplus. The tonnage In the last two years fol- j lows: I 1916. 1915. Pig iron 25S.504 212,917 Steel rails 215,416 175,536 , Merchant 7,903 The directors intimate that In October' the interest payments on the bonds and notes will be resumed. Of the latter the amount outstanding is $2,432,500 and are 1 due In March, 1917. Respecting their liquidation, the directors state that the matter is under consideration, but much depends upon prospective earnings and the extent to which they will be affected I if present labor difficulties continue. The water power which the company owned has been disposed of for $l,tmi),nno, and this amount is now available for new construction. Copper Queen Is Incorporated. Special to The Tribune. HATLBY. Idaho, Sept. 3 Articles of incorporation of the Copper Queen Mining & Milling company were filed for record Friday. The incorporators are C. II. Greene and A. W. Kelly of Salt Lnke City and J. W. and Lucy Brewer and H. C. McLeese of Garfield, Utah. The general office Is at Salt Lake City. The amount of capital stock is $100,000. divided into l.OOO.OOO shares of the par value of 10 cents each. The amount subscribed Is 20", 000 shares each by the Incorporators. 1 The company takes over the Silver Queen and Silver Queen No. 2 mines In Mineral Min-eral Hill mining district. Third Oil Strike Is Made. Special to The Tribune. CASPER. Wyo., Sept. 3. Tho third oil strike ma lo in the new Big Muddy field east of this place within a week has been brouirht in by the I.lmer Green Drilling company on the Tim Kinney lease. The well, which Is shallow, will produce between be-tween sixty and seventy barrels dally of oil containing -3 per cent gasoline. |