The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1910-12-07
ANNEX HAS A
GREAT FUTURE
COMPANY WILL ENTER RANKS
or THE DIVIDEND PAYERS
NEXT YEAR-WlLL PAY
$40 A YEAR.
tHayden. stone & Coz

]
5000 tons
OF greater importance to the share
holders, however is the fact that next
year this company will enter the ranks
of the dividend payers. with the prob
ability that To begin with the rate of
disbursements will be about $40 per
share per annum.
While the era of abnormal expend-
itures for construction may be said to
be ended yet liberal requirements are
still in evidence in this direction, as
witness the fact that a permanent
power plant has yet 10 be provided at
Nos. and shafts Following the in
stallation OF this plant, the Ahmeek
may be classed as a finished PROPOSE
ton.
The Ahmeek, today having market
value of about S1OO0O.OOO represents
an original investment of but $3.50, 900,
there being but ST. per share paid in.
on its $4,000 shares The property has
| enjoyed the advantage Of an excellent
management from the outset. likewise
temporary milling facilities, a combin-
alton that made possible the bringing
Of this mine 10 it's present high stage
of development at such a small outlay
The underground facilities and entire
surface plant represent all that is
modern in present day mining and
milling, a fact bound to be reflected in
low costs per ton Of rock treated and
pound Of copper produced.
The shafts are as nearly fire-proof
as possible. thanks TO the substitution
of concrete stringers for timber in
track construction and other places /,
where practical Drift slopes are be-
ing carried TO the boundary limits. !
from WHENCE extraction is commenced |
and carried towards the shafts. Tim |
Der requirements are thus reduced to /
the minimum. while mining is conduc- |
ted under the most favored conditions
possible.
Nos 3 and 4 shafts. being sunk to
command the values on the north side
of the property, are now bottomed at
striking distance on the Kearsarge
vein. In recent effort by means of
drill work to determine the dip of the
formation from the bottom of No.
shaft, a core was extracted showing
the width Of the copper belt to be is
feet practically all of which disclosed
copper. The development is of course
significant as indicating the possible
ties in this direction.
During the recent month the All
meek cost for mining, milling and
smelling was a trine under seven cents
per pound. The yield Of copper per ton
last year was 22.7 pounds. which. If
maintained with the mill I'm full oper-
alton, would insure an annual produc-
ton of upwards of q 10000 pounds,
in the event of which we doubt very
much If costs would exceed az cents
per pound, thus indicating prospective
earnings OF over $50 per share on
12is cent copper market.
The Ahmeek is easily the most
valuable in the list OF mines operating
the Kearsarge vein, and the shares of
but few mining enterprises are as
attractive for permanent investment.
From the foregoing the possibilities .
of these shares marketwise may be
appreciated. As a medium of specula-
tion we consider them exceptionally
safe and attravtive.
Concerning Consultations.
Periodically. and somewhat spas
there appears in the press
a great deal OF talk about copper con-
solidations This was most pro-
nounced about a year ago this month,
when some articles went so far as
even to give the terms on which var
ious shares Of leading copper COM
panies were 10 be exchanged in the
new consolidation company.
Recently this consolidation talk has
been again active.
We wish TO advise our clients that
we do not believe that any consolida-
ton Of the four leading copper-pro-
ducing interests is planned, contem-
plated or considered, nor do we be-
lieve that anything material would be
gained by the consolidation of prop
critics, widely scattered as 10 locality,
in which there would be no great oper-
ating economies from a single man
agement.
There must be- and will be. from
time to time a number OF small con-
Of contiguous properties, or
the absorption by parent companies,
OF the physical property of companies
OF which they own stock control. We
do not think that such transactions
will have any sudden effect on prop
critics i'm Butte. in which the Amalga-
mated people were interested.
But what is more important to the
investor in copper stocks is know
ledge of whether he has made a good
Investment In a particular stock, and
whether the situation of the copper
metal market is such that an invest
ment in a copper stocks in general ap-
pears 10 be desirable.
Tn that connection we might say
that in our opinion. the copper metal
situation. as viewed from the stand
point c. re producer, is better today
than Il ever has been, and we see no
reason why Il should not continue to
improve. From the standpoint of con-
sumption we think that. taking the