The Calumet news., 1910-07-12

| iicting rmnors regrding development
at the property has, through II all
maintained quite an enlarged rate o
. output. Unless the grade OF It's rock
however. has changed radically for tn,
better. its cost OF production caI
scarcely be such as TO net Il a profit
Last year it's total cost was nearly II
I cents a pound.
Mohawk continues 10 operate with
excellent efficiency on very low grade
OF rock. Probably its earnings will
differ but little from those OF last year
Nevada Consolldated's output for
January was heavily curtailed by sew
ere weather, but since then il has
maintained a regular and Slightly in
oreasing output Probably it's produce
tion for tho last half of 1910 win be
4 uihe larger than in the first half
North Buttc's first quarterly report.
which. IL was understood was 10 be
published with the declaration OF its
dividend has yet TO appear, 50 that the
output for the six months Of 1910,
! Q5.OO0,OO0) is simply a guess Prob
| ably, il anything. II is rather gener-
GUS with the largo amount OF de-
vclopment work that North Butte
should be doing, probably its earnings
this year will be even less than last.
Old Dominon's output. O343OO0O)
so far this year, that OF its smelter.
The production from it's own mines, !
from which alone II makes much prof |
it, i'm 1909 was 25.417OO0 pounds !
-O.6OO,O0O. old, Dominion undoubted-
ly has quantities of rich ore, and from
umo TO time. makes good new strikes,
and always seems 10 be on ;hc verge
of doing something, but when it's re-
suits FOR the year are cast up they
lre invariably disappointing.
Osceola Is being refined in with quite
9 strong hand, and as its capitalization
Is so small in comparison with it's
output, this naturally will make a big
Inference In its earnings per share.
Quincy is being allowed TO run along
very evenly, and its output should not
ifrcr materially from that Of last year.
hough 1t probably will receive
fomewhat less price for it.
shannon has the benefit this year of
rs new railroad ana other cost re-
luctions. Though generally regarded I
Is a high-cost producer. it is making
i good showing during this period Of
superior & Pittsburg's estimate Of I
utput Is based on results for the first !
.ve months. The chances are its total $
u-put FOR the year viii differ very I
lt.c from that Of 1909 The tendency 1
g TIRE ore is to a higher grade. and IL Il
h1glj DE able TO shade somewhat its {
lsr years cost OF 10 cents a pound. "
'1p@rior & Pittsburs. however. should d
reduce at least twice as much cop
er 10 have its output correspond with
Is capitalization.
Tennessee makes no current state
lcnt of output so that the estimate
: 1000 0oO) Is largely guess-work.
it there il no reason To suppose that =
has change5 much from its last .
ears rate. Its hope for any subytan- =
al Increase in earnings this year lies y
The gulpliu-ic acid end of its busin- .
Utah Consolidated likewise does not -
y0r its stockholders with any but p
inuai reports. but 1t Is pretty safe TO :.
3 that its rate OF earnings for the -
- u this year Is not larger than -
al of 1909. The new smelter, how -
-, will shortly be In commission. -
ID in the last half OF the year II -
"nid make quite an appreciable gain. :.
liking the year as a whole however. -
earnings per share viii be very G
lall u
Utah Copper absorbed Boston Con 80
hdated in January. but did not -
-ike It's gait until March. From this
ne on for the balance Of the year. -
output should run along pretty reg =.
lrly, and for the year as a whole. ~ >.
ould be somewhat under 100. 600 900 -
unds. Its cost Of production is full =" 80
ing the most sanguine predictions. ~.
another year or so the company will y, ~
provided with it's own railroad. the y,
y thing needed to make it thorough ~-
independent in every respect =.
wolverine maintains it's even and :,
viable gait a new departure was :,
de- however, this half year, in in -,
tuting search for values In the -
ceola lode. The opening up or n ns -.
no on that lode would more than on -
the gradual exhaustion Of its mine w w
Tie Kearsarge. m la'
Hayden, Stone e. Co. g