The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1911-06-10

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June Goth The increase generally expected
who had been watching the movement OF Old Dominion
shares, which advanced TO $4s prior dividend
announcement old Dominons earnings trine In sx
of 50 share and with copper commanding the
price the of the Company indeed very prom
ising. Production the lowest point
reached by the Company.
BUTTE COALITION
The annual report of the Butte Coalition Mining
pany for the year this week. and showed
net income sOSs257. Dividends paid amounted to ST.
100000 The report very brief for Coalition
now entirely holding property. The Companys earnings
are derived from 5l756S shares
treasury and in addition which earnings
| on 5000 shares of international Smelling
The Company had cash on hand amounting TO $S7s9.7S3
with only nominal liabilities AS long Anaconda
tinue dividends present rate Coalition
viii undoubtedly 25c quarterly
HANCOCK
Announcement made this of the yield
cock rock since milling operations begun up
June 1st Including and copper the yield
1927 pounds of refined copper per
The yield for the days May which
cude and barrel copper 1879 pounds refined
copper The announcement came something surprise
to shareholders generally of II pounds OF ingo
would nave been well received by shareholders
and the announcement of much better return sig
nal for considerable buying the
to $50 share.
Hancock proposes one Of the new heads
Centennial Aouez mill. according officer of the
company, the saving consequence In taings will be
very coseA two pounds mineral. Results June
win be watched with by shareholders
company. and If able maintain
announced this the property assured
LAKE SUPERIOR & ARIZONA
Several the Lake Superior & Arizona directors were
called to Chicago last Saturday consult with Mr. George
Gum of the interests who control the
Magma Company. As is generally known. the Magma
Company has option the Lake Superior Arizona
property which until 1912. The for
this conference In Chicago has made public, but
Ii is generally supposed that the Magma interests desire
to modify the option extended them.
Developments the Magma property progressing
satisfactory manner A body of the sixth
level opened up 100 length 20
feet wide The width of the this body shows
suphdes running 1870 In addition to which there
are very satisfactory gold and silver values.
The Magma shaft o eighth level. A
station is being and will then be extended
the vein. Developments the property
Importance to the Lake Superior Arizona holdings nd
eating what expected developments the
| local issue.
SUPERIOR BOSTON
President w, Rice, of Superior Boston, has been
in while there telegram George
Kingdom general of the Old Dominion which
reads follows: Have just up from the McCaw
shaft in the Superior Boston The west drift is all in
commercial with wall either side 1t certainly
looks good and | think it is a permanent showing The
ore is a very fine grade smelling material"
1t is understood that the body is eight feet
in width shown drift yet 10 cross
cut driven width of the ore.
|
point Superior sold above 81 this Deve-
| opments the old Dominion vein will be awaited with
interest by shareholders who realize the Importance
of this work
SANTA RosALIA-
with the end of the Mexican Insurrection Santa Rosaa
directors have decided operations the prop
ery early The greater portion of the work
will be done by which the believes
| is the economical method to pursue. In addition,
the workings will of considerable
tions. Mexicans Gambucnos tribute workers.
will work a royalty basis only the old mine 1t
IL will provide the company
with with which carry develop
n,en the property,
The management proposes to drift east the $50 feet
level or toward Angeles claim This line OF
eratons will by the engineer who
recently reported the property There is very prom
sng outcrop point development of the
Los Angeles claim will proceed with tunnel. Work at
this point will together with the lat
eral to be extended the $50 foot level
There now 275OOO shares of Rosa stock out
standing Ths all marked $2,2o paid in and Il
subject to a up IS share and leaves balance
of 225 shares the The directors
believe they sufficient in the treasury to
carry on operations until the coming fall However. in
the II aggressive development work Is de-
cided upon further may be called An as
sessment will not be called unless developments