The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1910-07-09
CURRENT GOSSIP OF THE CoPPERs

y with no trace showing of the fire which April eaus
ed damage to twenty heads During the progress OF
TINS repair work Godneld has been to run Dor.
ton Of its mill regularly 1t able to handle with
its full complement heads Approximately 900 tons
of daily.
The Clement mine of the Goldneld is receiving quite
some attention now new power plant is being i'm
stalled at cost of approximately 100000 and this will
be completed in September The plant win devotion ?
oVV horse-power At the Clermont mine recent devel-
opments have been interesting and important At the
'oo' 'e'ei rl'h ore has been opened up and ship
mehts are going forth to the mill regularly
AT the Combination Fraction control OF which 10 boo
by Godfeid' arrangements have been made for an in
crease in production About so tons oe or ,t, -
oelhg shipped to the Nevada Godneld mill lateral 70
connect the Fraction Clermon mines is ben dri,
en- and will be hoed through soon
Goldheld's earnings estimated now to be annrox
iateiy Woo share per annum. While there is no talk
heard of an increase in the dividend rate vet with
'e ia'orape developments at the mine the gradual
"'''S'u prouucuoh earnings will continue to Increase
until larger dividend will be possible The stool, has
been firm and strong. possibly because of recent do
Veopmens at depth i'm the Tonopah workings and tho
expectancy OF like condition being found to exist when
ueep working is undertaken extensive properv
owned by Godfcld Consolidated
NORTH BUTTE
1t is idle to cndeavor to guess the trend Of Nor,
butte Stock 1t has been subjected TO such extroro
manipulation that holders of stock are beginning
to wonder whether not they hold an oui, =, .
e'V winch has petered out or If they sim re,o 90 =,
'erest IN property of merit but abused
when the dividend announcement vos nh,
"eN" ago IL was stated that with the dividend o,,
u' DC mailed statement mine deveonment ~
'SS'S OF such ores as have blocked ont II t. ;.
De hoped that the directors win SEQ a. Co., -
10 give shareholders a very fun s,ata.
'ions as they exist The quarterly renor, IL, |
'een promised shareholders can he modo -, - |
Vi uiey can be prepared solely with tho Ia,
"s "ue conditions. North Butte sboroho,o =
De '''e 10 tell quite readily If they are 70 90,
ucai when they get the first report
f"'orts 10 OBTAIN information of a thorougb,,. -,
' y" Nor'h Butte have been attended ,,,n
u'V' our Butte correspondent advice
10y 'ort ne has made to get such infor,,
'"'Neu but from private sources he bos re-.
- sean 'he fact that developments undorun.,,.
az progressing in very satisfactory NANCE
" uepth Is attained i'm the wnze go,r '
.'o ZzVo-level of the Edith May vein h,n, - ''o"'
ion ,ha. -, our correspondent ventures the on,n
~ "' win depth North Butte will one, 49, . pm
voors 49,. ''S equal to those which helped in Tho
' W nuke this property one OF tho ,,. !
''e camp North Butte is operatin, =. "
tain claim w " tue Granite Noun v
49,. ''''e u'VPend checks will be mailed sho.. a
" 90 at which time the repor, (
-, P'"S VIII be distributed IN, -
'uS"'s OF the stock during the past few do. -"'
OF high calibre. and if purchased ou,-, mas oeen
80 '''e "''rac'Ve issue in the copper share 10,
81 4