The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1911-11-18
CURRENT COPPERSI
oOON)AA ''''''''i';'''' COMPANY

; IL 4NIINlNIhN
& COMPANY


of the Dome veins especially the Golden sidewalk"
understand there Will likely present
handed the stockholders OF this company.
During my visit Crown Chartered broke into the vein
on their Davidson claim the 100 They
most spectacular showing the which
is stripped 40 feet long top with
free gold showing way
CALUMET 6 ARIZONA
Drectorseef Calumet Arizona Calumet Tues
day when The quarterly dividend 81 a was
CARED payable December stockholders of record
December list No change the dividend rate was ex-
pected is understood that company practically
earned the dividend the quarter. prevailing
prices for copper
Atethe same time Superior & Pttsburg directors
nounced dividend thirty share, payable De-
cember 18th stockholders December
peror & Pittsburg shareholders notified that
stock deposited for exchange for Calumet Arizona
shares before December carry
dividend OF $500 a share.
The directors of the companies anxious have
early deposit Of Superior Pittsburg shares that
the latter company may be nquidated and but
ganizaton be continued.
Developments the Calumet Arizona property.
given understand, very satisfac-
tory The company is opening large bodies of ore
maintaining output in of 5O,OOOOOO
pounds OF copper per with copper selling
1914 pound Calumet & Arizona VIII be able to
maintain present dividends company
recently option a property and will do
development there. left this
a the mine
NORTH BUTTE
The market gyratons continued in North Butte this
week. and stock $21. The this
selling is mysterious while several
have ascribed for it. quite the situation
squarely
nh
developments unsatisfactory.
from both General Manager Pope and secre
tary Kennedy denied these reports Secretary Kennedy
the following information:
There is absolutely truth to the in cir
culation mines. stations the
levels of the Spectator shaft will be fin
during this month. when will started
May, Jessie other veins, the rich
in sinking the shaft developed The principal
developments present the Gem and SNOWFALL
veins the faces of the drifts in both showing
of good grade width. The general physical cond-
lions excellent"
Another rumor concerned itself with the likelihood Of
cut the passing entirely of the next quarterly div
dend, but the directors of the not to
until month. it is impossible forecast their
action However, the market action North
than discounted any dividend change. real
must be sought for elsewhere.
1t might be well o when North Butte
nneties down $50. plans the gigantic
copper then being strongly considered II
consolidate all the properties in the
Butte Camp necessarily considerable readJustment
prices followed suffering severely.
Now that the Supreme Court has plainly stated what
Interpretation would be given to the Sherman Antitrust
law. quite possible those who
mental in the formation of the copper
way previously prepared
plans a modified degree. such being case, may
be necessary that further readustmen the selling price
of of the Butte stocks takes place This is another
which is erratle of North
BUTTE COALITION
The possibility a distribution Butte Coalitions
is adding much the speculative activity this
issue AS is generally known, Coalition
and securities other than Anaconda shares practically
per outstanding capital
zation There who are contemplate
ing action against Coalitions property
to Anaconda it may that the distribution
assets win pacify them.
oJlBWAY- '''-1 ,-L-7l-A
Ever since Ojbway began milling operations stock
has been weak and has lost all OF its advance
Dsqueting concerning the results milling oper-
atoms official
frmation. would surprising II the result
of operations for the first dlsap-
pointing
The management is not making any drort for big
turns 1t is determined ascertain the from
level and sope that probably the one day
may be high would next day by very
unsatisfactory Milling of epidote vein rock
win show high colored amygda-
lod believe. will be somewhat disappointing.
QUINCY
The air blasts which early this in
Quincy mine apparently of a graver