Bisbee daily review., 1904-11-26

NC%t DiNiCCTuSs
 Iron Ore in telling of the recently declared dividend Of the. C. 6 A. has the following to say.
 The board Of directors of the Cal umet & Altzona Mining company held . nee ing on Tuesday. at Calumet. at which time a regular quarterly divi- derd of s1.50 and 50 cents extra was declared for the present quarter end ing Dec. 19. This will make $1,300.- 900 paid by this company for the year and is a highly crtGi,abIe perform anCe for the property that commenc- cd making copper. two years ago last Tresday This makes $1.7G0.O .O00 that vii have been distributed to the shareholders up to Dec. 19. in addi- tion to which a substantial sum has ban earned and set aside tosihe sur pl"s fund. It is an undupiicated per fCrmance in the history ofEcopper mining, and one reflecting the ability a~T irtegrtv of those in whose hands ;he enterprise reposes.
 Calumet 6 Arizona has proved great thing for many Lake Superior residents. much of the stock being held in this region. It is possessed bv people in all walks of life and in tho jet are many who are miners and laborers employed in mineral provef- ties in our Lake district. It has mace na0v poor. people independent. and it is with particular pleasure we say this. as it is seldom this class of men have had such an opportunity That they wo-e enabled to secure representa- tin- in this instance was due 10 the kindness and forethought of the gen- tIemen who originally secured and de ve'oned the mine. As Iron Ore sad in is issue of last week. the Bonanza Ci~c'e has proved a Godsend to many a home becau5e it has proved such 2 and success and was available to poone of this sec ion. inc bulk of the d'~'dsnds being dist+;buteG here in stead of going away from us as in the ere nf our iron mines and the greater portion O1 our cOpperS-
 Acton on dividends for the com iro year will probably not he taken ur'f 'the regular meeting 10 be held fer hat purpose in February. What the decision will be will largely de rn-1 on condit-ons-the market, labor, smelters, etc. Calumet & Ari- z~~a has sill a large territory to ex- r1o-a. It doesn'' look very.shig on the srnnIl scale maps but it wifi require dozen years to fully prove it. A greet deal will have to be 6cne under -~-d and upon surface. Other sha~s may have to be sunk On the southern tier of claims. erd one or more will also be necessary on the Pone and Wagner claims. to the west. There will be great amount oi dead work to do in connecting nerS denoSifs. in looking for others. in new machinery. mine buildings. smelters, etc. A good. round surplus is fire fr'~g to have in case of copper war labor CT other trouble. and it makes the stock more valuable for every dol lar rla~ed in the surplus account.
 If Calumet 6 Arizona for 1905 dupli ca.es it's distribution for the year nearly ended it's shareholders should be well pleased. It wili be good enough. It should be remembered trat this property is conducting ; great exploratory work in addition to it's regular mining and smeiting that it is paying for these extraordi nary expenses as it goes along. AT this new work is in the interest ol future earnings-opening the way tC economically mine the ore and trea' if. People are prone to show ina patience even over the things thai treat them best and which will have the best things in store from whicf to make o'her dividends. but We be lieve the shareholders of Calumet 8 Arzona will be satisfied with the diyi derds raid this year as applied to th' forthcoming one, apDreciating ths much the company has to perform T-~ rrsouitude of it's field and of iti work can only be properly graspet b ne~sonal inspection of what is under way, has been done. and if planned for the days to come. Aside from developing a portion of the Irisf Mag claim, sinking the Oliver shaf' Or the Senator claim and connecting these shafts little has been done.
 As we say, if Calumet & Arizonz dupIica' es in 1905 it's dividends fol 1904, putting the balance of its earn ings to surplus, it will have built