The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1911-03-15
Minnear & Co.'s Gossip

There will be a meeting of the di-
rcctors OF santa Rosalia March 10th,
at which time the date will be an
nounced for the extension for ex-
change of stock.
The annual report OF the Hedley
Gold Mining Co, as of 1910, has been
issued and is very promising state
ment The company has 10000
shares outstanding. The net profit OF
operations for 1910 was S271,767. IL
has paid four dividends, totaling $685.
OOO or $40 share The first three
dividends were at the rate of thirty
censt a share; the last dividend paid
. Dec. 81. 1910. was fifty cents a share.
The company added To its surplus as a
result of operations of the past year.
$l6SOO0, making its surplus with the
commencement of this year. SlS2,Sos.
The company is treating an average OF
little more than 1000 tons OF ore per
MONTH which averages tritle better
than Sl2 per ton in gold values. Supt.
Jones says there is more ore i'm sight
erty was first opened in 1898. Hedley
Gold stock is selling around So a
share
old Dominion is opening an immense
ore body on the 10th level.
The American Zine. Lead & Smelt-
ing Co has declared the usual quarter
IL dividend of fifty cents, payable April
10th to stockholders of record March
3lst
The Champion Copper company
shows a net recovery of twenty seven
pounds per ton during 1910. which is
the best in the history OF the COM
pany. Champions output in 1910 is
estimated at 1S5OO.OOO pounds, an in
crease Of 100000 over the previous
high record.
In the matter of the LaRose dividend
il is a question as to whether the di-
vidend will be kept at the present fig
ure or increased. At present the is
sue pays two per cent but is able to
increase it easily as it has plenty Of
money on hand.
Very rich ore has been taken from
the 1S0-foot level of the Lawson mine,
showing 1900 ounces per ton.
At the Isle Royale meeting to be held
now in a few days. there is very little
hut routine business TO be transacted
as the company cannot yet act on the
merger The New Jersey companies 7
can only be considered after a petit
ton TO the c. & H. by a majority Of
their shareholders.
The improvements at the Washoe
and Great Falls plant Of Anaconda will /
comprehend a closer concentration of
ere and especially a much closer elias
sifcation than has been their action
formerly. When these changes are /
made the Anaconda dressing of ores
will continue to what it has always
been. the best in the United States.
S. & p. and c. & A. seem to be let
alone entirely marketwise pending
the completion Of the merger. When
the merger is made there should be I
some money in buying the s & p. /
stock If ii can be had around present /
levels. The combined company will be /
fits than the two concerns can working /
alone.
The rate of sinking in the Indiana
shaft will be materially quickened just
as soon as the connection with the
ledge is made.
North Lake is expected TO show
some more definite results in the ledge
in the future.
Shannon's ore bins, which are Of
concrete and steel, are about complet-
cd.
It Is said that owing to the fact that
Shattucll has been unable TO increase
its production its next dividend will
be passed at a meeting OF directors
April 10th
There has been good buying Of Chief.
Consolidated, due to advices received
from the property TO the effect that a