The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1909-12-24

that the lode will regularly minerazed and
richer.
SUPERIOR AND BosToN-
Superior and Boston undoubtedly re enter the ranks
of the producers month. The first shipments win
to the Arizona Commercial smelter This has been
definitely decided AS these shipments will come from the
Great Eastern mine the will run high An
copper The stock has been holding up view OF the
cratic action of issues during past week or
more.
oscEoLA-
The directors of the Consolidated yesterday
met and declared dividend Sc per share This is
a sem-annua payment and is increase 81 over the
amount paid six months ago. AS a result of in
crease in the dividend advanced to s17o Der
<hare At any price under 5000 attractive In view
of the existing metal market Is that osceoas
earnings are such that it be able to maintain
the present of dividends indefinitely in thirteen
cent metal market AS the company is producing more
than 2OOOoOo pounds of copper per an advance
of one cent pound in the price of the red metal
VIII mean additional earnings OF better than $3.50 per
share on the outstanding stock of the company.
We have repeatedly called attention to the strong no.
sition Of osceoa and believe 1t will only t.
the Calumet and Heca of the Lake Superior producers
When No shaft Of the Kearsarge branch will be in
shape to furnish its quota production from
during the coming six months The osceoa branch Is
opening very ground in fact better than
has ever before shown Osceola found taking
the lead in the market when copper sells up fourteen
cents 1t should be bought either investment or
speculation
SENECA
Seneca is sinking shaft below the 400 foot level
The crosscut last Kearsarge lode showed the
vein somewhat broken 1t is likely depth
tho
HANCOCK CONSOLIDATED
The continued strength Hancock has made the issue
feature of the market during the past being
compared with Lake and in many respects com
parison is possible. As actual developments are
concerned and the progress mining operations Han-
cock has the advantage. True such spectacular
showing as has been developed at the Lake but by
reason OF the greater amount of Hancock
and also the fact that 1t is quantity it has the
distinct advantage. 'f 80 .eG s'au-'s
Hancock known quantity by reason Of the develop
ments at the Quincy 1t absolutely certain that it will
get results satisfactory this reliable
Lake Superior producer In addition it asset
untold value in the West lode which was just recently
cut by No. shaft What may be found between tho
West lode and the Pewabic remains developed by
No. 2 shaft
station is being cut in No. shaft where the lode
was cut and far already West vein shows
some very good stamp rock. In management is
thoroughly convinced that the lode is going
me shipper The winze going down at No shaft tho
same lode has proven values below tho sixteenth
r'ihg from No. shaft will be pushed vigorously ami
"thh the next six months there will be up
'ent ground to consider the question shipments
pending the time that Hancock build Its own mill
Hancock and Lake alike in the respect that both
ssues very closely that both are susceptible
% rather cratic market movements We venture the
opinion that Hancock will paying dividends longer than
lake and also that ii will prove consistent and
profitable producer years to come Two shares IF
hancock can just about bought the price of one
mare of Lake The exchange extremely attractive
WORTH BUTTE
The star performer OF the past week been North
suite So many were the conflicting reports to account
or this movement In the stock which carried price
own to $50 that the public a dazed condition.
apt James Hoatson denies the report nae
ered his resignation as president OF North Butte.
dded that he knew nothing of it, and that the market
cuoh OF the stock he had not watched and therefore
new of no for decline. He stated he knew
no suit being instituted against the company by the
uolumne.
report explaining the had II that North Butte
oud not be taken into the copper merger very
soe theory advanced is that the developments the
he during the past few as expected
such Is the case would sell the stock for It
'ne history OF the Butte camp to find ground
'o uep'h that North Butte Is centering its
u io"owed by enrichment greater depth is attained
AROUND 800 per share would rather buy than sell
or'h Butte We feel that the denial by Capt
gether with the future prospects OF the company
" per snare for the stock look cheap Undoubtedly the