The Calumet news., 1911-07-22

cash in transit ready for
shipment totalng n346,55s La Rose eased of trine
In sympathy with the downward Nipissing,
but the stock at present figures is being well
change in the dividend expected quite
likely that deep mining viii by La Rose
until OF the other properties the camp
onstrsted what be expected from this line
tions.
NIPIssINe-
The activity by prices for Npissins
has caused this center OF interest among
the Cobalt decue was accompanied by no
news to account for are as much
in the dark TO the tins they have
been Several been advanced any one
of which might for the movement although they
all lack official confirmation The plausible state
the reduction from s7l cents
TO 25 cents share The company earning sufficient
to continue the old rate plans being considered for
the more energetic development exploration the
property owned by Nipssg II adopted t
viii Involve the expenditure of considerable of
money, and will the Npssing property depth
1000 feet the deepest workings in the Cobalt camp.
Another excuse offered to decline IL
the fact that number of the Nipisng directors have
become interested in property the Porcupine camp.
which is being financed some SELL
Ing of Nipssns shares inspired by
to raise funds with which purchase In the
new
In glancing the report by Nips-
sing company up the close business OF 1910 Il ia
Noted that net profits for the year trine
$2OOOOOO while dividends together with an in
tem disbursement amounted $4,000 the total
earnings s2127,50O Nipssing has outstanding l.
100000 shares the earnings year 1910 to-
tailed trhe more than s175 share Operations for the
first half of the year equally as successful
as the half o 1910.
statement OF July 1st indicates that company
had cash, in transit at the mine ready
/ for Afao
called to statement contained the report
, concerning exploration the southwestern and
northeastern portions of the Npissng
sunk and in each developments were not
very favorable.
| HoueHToN COPPER
l Houghton Copper has filed first annual report with
the Michigan Secretary of state showing
dion of December 81. company then had rs
shareholders. The St Mary's Land company owns
S7222 shares The bulk of the stock Lake
Superior district Houghton Copper has it's shaft now
bottomed at depth Of 44O feet Some ground was
encountered making shaft very difficult Indications
point to settled condition. and another month
should find the disclosing values
very satisfactory according to the
tanned
| MINING NOTES
East Butte is being we'll bought increased ac-
/ tivty should sell higher.
Ray Consolidated treating an average of 1000 tons Of
Il
! Chino first unit of it's concenrator
| in operation not later than September fst
| For the quarter ending 3Oth Butte produced .
$4,000 pounds of copper and 1O77SS silver.
Parrot has regular quarterly dividend OF
15c payable August stockholders OF record July
29th.
1t is reported that for the month May Ahmeek pro-
duced its copper for 6 cents pound This did
Il cude the development costs of No 3 shafts.
l Calumet Arizona is said getting into some very
rich in its Junction with Improvement in the
metal market this issue will respond
| The buying Of North to be OF a very
excellent class, aud significant source
North Butte will be of the soon as ths
market becomes active.
SHANNON directors outstanding bond-
ed obligations of the which $4,000
I There is some talk of dividend being paid ia
shareholders before the close of the present year.
i Mr. W. A. Paine president Copper Range Consolidated
1 has been elected to the presidency Atlantic Mining
company. over $4,000 shares Atlantic have been
exchanged for Copper Range shares OF
shares OF Atlantic for one Copper Range,
i 1t is reported that large holder has
sgnnod his intention apply appointment of an
appraiser of this holdings may offer his
stock to the Calumet Hecla, he being satisfied
4 the terms offered by the Calumet Heca
There is increased interest being developed locally in
Hedley Gold shares. the selling week at sis
IL dividends at the fifty quarterly Tho
company is said to have developed ahead to maintain
production at the present for years
There considerable strength i'm some of the salt
Lake during week. particularly in South Ieca
Columbus Consolidated 1t is understood that the
deal looking toward the consolidation the properties
in the Little Cottonwood district being very
satisfactorily, and that ex-