The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1910-11-12


Arizona is doing slightly better than earn dividend
requirements while Superior Il Pltts5urg is earnio.
close 100000 per month";
GREENE cANANEA-
October production from Greene cananea amour,o,
produced in September The gold and silver recover,
however, showed slight increase. Until there is = f
ther Improvement i'm the metal kct the com,o,,,,
present output win probaby be maintl.nei
There has been some rather significant accumula,loo
Of Greene Cananea stock noted during the past few
weeks. No effort is made to bid the price but the
offerings TO have ready market. Greene Cono,a
has had go Through rather trying period ana is NOM
almost its heavy expenditures Probably s2oo ooo
viii have to be spent in plant equipment to give #
thoroughly modern smclter and 10y time costs o,
production Should be Drought down to at the most 20,
cents per pound. Because of these betermens we he
leve that Greene Cananea all weak spots looks o,
tractve for issue which viii probably withstand anv
severe lnfavorable market action and which win do ,
in advancing market.
There has no late developments of importono
in the ruit instituted by the minority Greene Consol
dated shareholders against the Interests prominently
connected with the reorganization.
NORTH BUTTE
Following the elections this in a market which
sold heavily Ncrth Butte proved to be one Of the
strongest of the active issues The stocks seems
TO be taken on all weak spots and offerings found a
ready market The buying is covered and II looks
1T this writing though North Butte would sell for
higher prices in the.near future.
DEVELOPMENT at the property are of very favoraba
character. Before the close OF the present year It is
hoped get developments below the 22OOeyel
In the time 1t is understood that negotiations are
pending looking toward the amicabe adjustment of the
net
QUINCY MINING co.
Directors of the Quincy probably meet this month
TO take action on the quarterly dividend 1t is general
ly conceded that the disbursement will the same as
the last quarter per share Quincy has no heavy
construction expense with the exception sinking No.
shaft There has been of mill improve
ments r,u the plant is making so excellent a
record II is unlikely that anything will be done until
higher prices for copper make such outlay more de-
sirable Quincy has outstanding 10000 shares stock
HANCOCK CONSOLIDATED
We are in position to state authortatiyely that the
directors of Hancock likely give question
further finances consideration until well into the
coming winter. The question will probably
mp until at least next February Therefore all reports
of bond issue sale OF stock calling another
assessment without foundation.
beginning Immediately after first of the year
Hancock Consolidated will commence rock shipments
probably Centennial Alouez stampmil The man
agement has not positively determined what mill will
be used for treating the bulk of the mled The
shipments will go forth regularly it proposed
make exhaustive Hancock rock a test which
will probably continue for the greater part 1911 The
data thus obtained will be useful when Hancock builds
it's plant.
In order to ascertain just what kind of plant Han
will! likely later
handle rock property II results obtained
equal to twenty pounds of mineral to the of rock
they viii DE considered satisfactory equal the
ord of The Quincy.
Rock shipments will almost entirely from No. 3
or the West lode and lis far openings this vein
have been made they very satisfactory. wnae has
been sunk in the vein eighteenth level with
uniform naturalization disclosed.
The equipment No. 2 shaft is practically complete
Sinking will continue at this point until the quincy or
Pewabic vein is reached. No will be made for
the present to drift the vein in No shaft some
months ago. We firm believers in the future of
Hancock Consolidated and believe 1t of the
most attractive of the Lake Superior copper issues
YUMA COPPER COMPANY
Development work the Yuma Copper Company con-
tnues uninterruptodly are advised that the Com
pany has just completed arrangements for a campaign
of diamond drill work cover a period of several
months The outfit will be up in the third level
Sinking is in progress Carbonate shaft for the
fourth level and effort will be made to locate the
bodies of commercial thought to exist below the
third level, where considerable sized body of low
grade sulphides opened. giving assays be-
tween one and two per copper, with twenty-five
cents in silver and s1.2O in gold.
COLUMBUS CONSOLIDATED
The assessment Of ten cents share due on Columbus
Consolidated is delinquent November 26tl Comment
ing the line OF development work being done at