The Calumet news., 1911-12-02
CUEE6EMP E6ESTP OF THE CoPPERs !: !: a5s12$S
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LIVE OAK


LIVE OAK
The important announcement made this that
the Hayden interests had retired from Live oak that
instead John D. Ryan and associates would in
this porphyry property. Live oak directors
shareholders in which they gave the
information that offer had been submitted by Mia
mi Copper company absorb Live $50
share the to be made in ten years six per
cent Miami bonds.
This proposition accepted and the Hayden in
teress sold Mr. Ryan and associates 2SO5O
Live Ryan agreed to take
such stock might be offered them by shareholders
$50 share and hold this offer until December 7th
Live has outstanding only $4,000 shares stock
obvious that the Ryan interests will dominate
companys affairs The advent of the Ryan cotere in the
Miami camp important epoch in the history this
district it not only the aggressive develop
ment of Live Oak but the possible consolidation
of the promising porphyry properties the working
plans looking large production OF copper from
this district.
DAILY JUDGE
Directors of DAILY Judge this announced a quarter
ly dividend Of 15c share, payable December Goth
stockholders 9TH 1t was decided up
to continue these dividends quarterly
indefinitely The dividend disbursement of
$4,000 and it is first declared by the company
April 1907.
The company had available balance November 1st
amounting to $421,2S5 The earnings the past eight
months averaged $4,000 while the months
the earnings had increased to s2S6OO is
therefore, obvious that the doing much better
than earning the present rate of dividends
SOUTHWESTERN MIAMI
Southwestern quite active on the curb
due largely to the interest which change
in control of Live Oak Southwestern Miami adjoins the
Live oak property 1t is capitalized $4,000 shares OF
which $4,000 81 paid in. the remaining $4,000 shares
being fully paid
1t is expected that call of fifty cents a
share will be made Southwestern Miami stock this
month. The company has property payments of i'm
portance to make until January 1914
Chun drilling has existence of an ore
body the Southwestern property. The drill pene
traed the body after having been driven through
little than 1000 feet. upwards of 100 feet IL
was i'm ore all the way Mr. Fred w Hoar is charge
of the Southwestern Miami property
The strength in Inspiration is probably due largely
to the report that the Ryan interests buying
troll of this property and may with Live oak
which they recently acquired.
Such consolidation would be a satisfactory one
for both properties have the same problems to solve
neither one of them yet has a concentrator erected
Inspiration has very SOOOOOOO tons of ore de-
yeoped while Live Oak is estimated very close to
1SOOOOOO tons Inspiration has capitalization OOO
600 shares and it has $5OOOOO in treas
ury that ii is well provided for financially Consolida-
ton with Live oak would provide the companies with
funds sufficient to build large concentrator and within
two Inspiration and Live be placed on
profitable producing basis.
1t is known that the Ryan interests have taken options
on number of other promising claims in the camp
several will be a comparatively short
time
Some months negotiations were pending for the
consolidation of Miami and inspirations and the basis of
consolidation suggested by interests was So fo,
Inspiration shares and $40 Miami This offer was not
accepted that may give Inspiration shareholders
basis for considering consolidation with other properties
in the Miami camp
COPPER RANGE
decline of ten points in Copper Range caused some
neasiness the shareholders of this company and
led to the report that probably the statement of
for the 1910 would be very satisfactory one In
fact it is believed that the report will show the dv,
1onds paid,
1t should be remembered however that the renort 70,
1910 win mirror period which brought with very lou
prices for "copper" sales having made as low as 2
pound in 1910 With copper selling at 1sc it is est
mated that Copper Range earnings will be in excess
1850 a share.
The Improvement in underground conditions ,t rr,
mountain continue to be reflected the outpu NJ tba,
subsidiary and IL holds at 1sc with tho IN,
Drovement at Trimountan a return IN iora ,,,, .