The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1911-12-23
C.&A. PLANT Will
BE MONEY SAVER
COMPANY CAN CONTINUE DlVl-
BENDS AND PAY FOR NEW
SHELTER WITHOUT
TOUCHING SURPLUS.

We have no official estimates on the
probable saving that win be effected
by reason of this new plant. but we
make a guess that it win amount 10
fully 40 cents per ton on the ore tom
mage treated, or about S6l0 per day.
says the Ishpeming Iron ore in an
article ON the new 81 10000 smelter
which the Calumet & Arizona viii
build 1t may exceed saving over
present costs of about a quarter OF
q million dollars annually. and this
based only upon the present produc-
tion of the company. So YOU viii see
that the new smelter viii be Of great
value
How to Be Paid For?
We do not speak officially on this
hut knowing what we DO Of the mines
we should say that Calumet 4 Ariz-
ona, with copper at the price quoted
today, can keep on with it's dividends
or 81 annually, pay the cost of the new
plant and not touch it's present cash
surplus. This has a pretty strong
sound, but If the metal holds at pres
emit price this result can be achieved
as Iron orc figures IT, The rumor
that "a special issue OF stock would be
made to raise the money was ridicu-
lous.
sMay Treat Custom Ores.
Il win not DE surprising, when this
model modern smelter is up and run
ming that there may be miners who
viii want 90 have their ores treated
here They could be assured the very
closest saving by these best-on- earth
appliances, and big business might
bc done I'm treating ores and their con-
contratcs. OF course the plant could
Doe easily added TO I'm case more capa-
city were desired. the level site per-
hitting this with the minimum cXpen-
Giture cf time and money.
Fine Dividen Performance.
The Calumet & Arizona and the
properties that recently were taken
over and known under the title Of SUI
perior g Pittsburg" have paid I'm divi-
dends over sl5.2o0O0O and this is a I
comparatively short time. Just what
Copper Queen, the principal other
mining organization I'm Blsbce, has
earned. we do not know. that having
been q close corporation FOR many
years, but its achievement in this line I
have been Of stupendous magnitude I
from which great industrial scheme /
has been evolved and is now in har-
m0ni0ls. successful movement.
Has Very Large Territory.
The rev Calumet G. Arizona I'm the
Superior e PittsburE lands which
wore recently taken over. has a Dos
session that viii prove Of far greater
worth than some OF its most sanguine I
believers ever dreamt Of Iron ore.
two weeks ago. spoke Of two new ore
finds farther south than any thus far
made. these being en- the country lying
between the Junction and Briggs
shafts. Developments az these points
has been going on and now stiI fur
thor emphasize the Importance Of this
ground
Ths rivtauce between these shafts Is
1900 feet and fine ore bodies have
been discovered at tho Junction. the T
shaft teinE bottomc3 en- ore at the
18TH level. TT following down through 4
q per cent ore for Che last 100 feet. (
when work was stopped. 10 was good I
enough. and the fact that The ore was
tb.ra in "a great, big way. was made
r'.fn. Then tho pumps were pulled (
rr t9 the 18th level at which. and I
above. There are years and years of ore /
eurfIv 90 Doe taken. We have talked /
about this before