The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1911-09-02
CURGRREESMTPP OF THE CoP !: ! 1ES1sss
OSAA COMP N i
GOLDFIELD-

The returns from operations for July at the GoIdaeld
Consolidated show month OF $3.50 600 tho
smallest for month January during the currn,
The treated showed value OF s274s while
the total cost OF production $3.50
Developments the property continue to be favorable
and good has opened up in the Combination
Nine AS yet there indication that earnings will fail
Glow the required continue dividends at tbo
rate OF fifty cents a share quarterly.
ARIZONA COMMERCIAL
President Amster OF Commercial will visit IN,
property in the of the weeks and It IL
expected that following this trip announcement will
be made concerning the plans of of this
Concerning this property President Amster has
the following say:
owing o that Arizona Commercial will need
money reorganization of that company may take
place which would put the company a strong financial
condition The property has great possibilities
perence with it has been much the that tas
Old Dominion. which selling in 1903 at IS
share and which is dividend paying basis
having developed rich bodies property
valuation s12OOOOOO upper levels of tho
Arizona Commercial led believe teaching di
not extend to such great depth in other tho
Globe camp but after opening the tenth we fnl
that still greater depth must be attained We
prosecuting the 18th level to reach the Black
Hawk lode and Old Dominion fault. There another sit
uation in the property which promises we'll The ola
management developing
into Copper Hill mine and showed a strong OF
sulphides The the United a lower,level
than where this cut is showing much better
and those developments approaching prop
erty. We have biologists at work to out plan
the development this end of holdings expect
splendid results"
MINING NOTES
Live oaks No shaft has reached a depth feet,
end will enter the in another 100 feet.
Butte, said. o up each month
Wolverine producing about 100000 pounds copper
month The rock that is being shipped yields
uihe better than "a pounds of copper per ton.
Miami is producing the 100000 pounds
month, and is said be laying copper
down in New York for nine a pound.
Adventure is opening some fair looking ground in
No. lode No further sinking will be the i'm
mediate future
Tonopah Belmont directors declared quarterly
dividend Of 25 cents share payable Oct share
holders of Sept.
oneco contenplates sinking depth Of 70 400
feet before doing lateral level
where was crosscutted fair amount of copper
disclosed
Superior & Globe continues explore its property
small way by diamond drilling. 1t is likely that opera
will suspended within another month or
two.
There has been decidedly during
This Improvement is based entirely the
the abandonment of the proposed consolidation.
san Antonio has expended 100000 development
work to date and is quite likely that shipments will
be commenced within the next few months The show
ing at the property, which controlled so-calcd
Cole Ryan interests. is said be very promising
There was an improved demand for Chief Consolidated
this week The urgent liquidation in this issue recently
bringing about low price the caused
investment buying and with the selling over
the stock is hard buy
The fire which recently visited property has
been entirely extingushed and the caused is
being repaired The financial nominal although
developments will be delayed three weeks
a result of the conhagration
North Butte's Spectator shaft
depth of $500 feet A station being the $500
level and considerable work this
depth The additional depth by shaft be-
ing used a stump
The buying of Calumet & Arizona account
is said to be inspired by W. Corey the former steel
magnate who is now director of Calumet Arizona
Trenching is being done the Senter-Dupree tract.
and it is quite possible the prop
erty this fall.
Preliminary estimates the Copper Producers state
ment for August indicate that there will be
slight increase in the surplus result of the months
operations. Foreign demand heavy in August
rs 1t in July. The change. however, will amount to
put little.
underwriting of an issue of $4,000 worth of
rbin bords has placed company strong nan-
,al condition Most the taken by the un-
lerwrers. There little public demand for the ISSUE
In August the Butte camp produced 21.16600o pounds
4 copper.
The eastern and local markets will be closed Monday
Ray Consolidated is operating at small profit ac-