The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1911-11-25
By j. A. MINNEAR
& COMPANY


vanced very easily.
The company has done work on the Calumet co
gomerate or osceola lode for We are tolJ
hat the osceoa lode under the present able management
could be made to pay would not be at an SIM
prsng If were decided to shafts on this
| vein.
LAKE
one of the active issues local copper share ITO,
| during the past week was Lake which advanced h
$685.
The company recently sold $4,000 pounds OF refine,
"copper" Tor which 1t received approximately $4,000 This
copper was produced by the former management from
rock which averaged pounds of fine copper per ton
of rock stamped The company continues to aggressvo,
develop Its new shaft and there is doubt but tina,
with the improvement in the market Lake will ent
| the ranks of the producers more
The levels now being opened up show naturalization
equai 10 hat developed by the former management and
on the fifth and sixth ateras the greatest encourage
| ment obtained In our opinion Lake will be shippnc
rock to the Trimounain mill within ninety DAYS
ana when once it begins will maintain an outnut M
interruptedly
COPPER STOCKS
The fact that copper is selling freely at thirteen cents
pound mas not fully impressed itself upon minds
OF many patient holders stocks The advance in tb
metal from mining standpoint has turned losses %
| profits The metal advance was a natural one not art
| fetal.
We are informed that purchasers of copper for IA
eemoer delivery are asking producers make Immediate
Shipment indicating the hand policy which
a Oeeh III force Tor the past two Recently an
ocer OF one of the big told us that no,
IN three years did the market look SO prorisir
as
1t Is estimated that the worlds surplus of conner nm
Nov lst was equal to but a days In any
other industry such condition would be regarded y,
1oruering closely upon famine. We big orders
" metal having been placed by are just
getting INTO their stride and it begins like four
teen-cent copper before the of the year.
The Importance of this fact copper shares need no,
be diaei upon here 1t is necessary to judcious
select investments considerable profits to accrpe avian
before another month will have passed. Among the dyi
uehd paying issues we look with favor upon Calumet
Arizona Mohawk, Ahmeek. Utah Copper and Quincy
IN the speculative list we regard promising sub
stantal profits Lake, South Lake Agoman Franklin
Mass Centennial Tamarack Superior & Boston Green
Cananea Giroux
| NORTH BUTTE
North Butte directors will meet next month to take
action on the quarterly dividend, very reliable
sources we learn that no change in the be made
The company earning trine more than it's divdepo
disbursements with 1914 pound and since
an Improvement in the metal situation come about
what little prospect of dividend may have
existed has been entirely eliminated
The news of developments $500 foot level will NOT
- forthcoming until about the middle next month
We are of the opinion DEVELOPMENTS NJ this ron.
i VIII be very favorable Butte has been DOING .
large amount Of development work. and has charged ,biy
against the cost OF its product that necessarily earn
ngs have been light, but sufficient to connue dy,
oehds The reason for the selling of North Rue
remains as mysterious Those who believe In the
"eii oi 'he property should show hesancy whatever
IN buying North Buttee shares around present prices
OLD COLONY
old Colony has started No IL diamond driu bo,o Eoo
Of No
~ 0 WIN De put down about 500 feet. Drilling so far
mas Deen OF very encouraging nature although all the
u"'a the company desires has yet been obtained
NO. IL hole showed several copper bearing veins al
though values not exceptional II 10 I,to, ,,t t
present program of diamond drilling will be continued
through the coming winter
MAYFLoWER-
! Maynower is boring No. 1s hole Some dimcn,tv v,os
encountered in this hole because the shattered fona-
uon and several times it was necessary 70 co,,ont bo
hole and re-dri.
NO. l6 hole located 90 feet from the Old Colony
boundary line and is down 4O5 feet Drilling so far has
brought results similar TO those obtained in
Ne work at Old Colony. The mineral zone was found
" oe ABOUT zoo feet In width with a mixed trap and
| 'euao'u' Inc management has yet determined on
any line of active mining operations
| MINING NOTES
MCKINNEY Darragh has declared tho regular quarterly
| 'u Vi ten cents share, payable January
stockholders of record December 18th
quincy directors met this declared the regular
'''e'y dividend of 81 share, payable December 2Srd
u stockholders Of record December 1st
Inc annual meeting of Old Colony stockholders will be
he'd Wednesday, December 18th No change in the di.
| rectorate is expected