The Calumet news., 1911-12-02
HON ESTAkE-

The electrical equipment which was ordered somo
time ago by the Homestake Mining company will prob
ably be in operation early the coming year DELAYS
were experienced in getting the equipment the property
but it is installed much greater economy will follow
ard earnings will be materially increased.
The gravity system whereby water is obtained from
Spearhsh is working satisfactorily. estimates made
of Homestakes indicate that the COMPANY
has life of more than thirty years ahead of it.
Earnings continue in excess of the dividends
paid at the rate of fifty month per share Not
until all the equipment is in operation any in.
in the monthly disbursements be expected.
EAST BUTTE
East Butte made cash payment of $6SS75S the in
debtedness contracted in the acquisition Pttsmont
property and gave in addition its the ac-
count amounting to $1,625574. These De-
comber 1912.
This financing unnecessary for East Butte to
dispose of its treasury company can
await a favorable market when funds can be
obtained lquidate outstanding obligations East
Butte earning the of $4,000 per
month
INDIANA
Indiana has it's down feet now and
it is being the of about so monthly 1t
is quite possible that this early January
some copper may be encountered in this snaft
1t will be remembered diamond drilling some
CIT feet, 800 feet For
this the developments Indiana during
month will be watched with than passing
and will add materially speculative value
the
The diamond drill core obtained from the formation
which is be developed by the shaft very
rich "copper" portion Of the vein carrying very
values for 80 feet
MINING NOTES.
october profits of Tonopah Belmont $16S,79S
Plans for the reorganization of Nevada Utah being
prepared, will probably announced within
week days.
Thomas W. Lawson is out with another famous issue
of his stating that United States is
bad break, and that it will go to $40.
The latest current given for the weakness IN
Copper Range is the possibility OF directors this
company reducing dividends fifty quarterly
Tonopah Belmont declared regular quarterly diu
dend this Csc a share, payable January
Of record December 18th.
The annual report Superior Boston Copper
pany will be issued Immediately the annual meeting
which will be held December 4th.
This Franklin is acting good as anything the list.
and with the completion of the hosting plant and
ton of production $15 is talked of for the issue.
The Mohawk production November was tons, L.,
400 pounds mineral with the previous
MONTH However. this the same as there
less working day.
Cali money advanced to per cent, and the only rea-
sonabe given betterment In trade
This shows advance from per cent early the
week.
Ray Consolidated is expected producing at the
ate of about 100000 pounds per Allowing it
cost OF 1Oc the net profit would 100000 1Sc
market.
Upon resumption of Granbys Great Falls smelter and
ne present price of CRANKY $4,000 net
'er month This is equivalent to about "a share
outstanding capitalization. 10000 shares.
Greene Cananea strong this week. and the pros
'ects for some announcement the question div-
end seems more promising day. 1t is quite likely
hat definite action will be forthcoming early 1912.
The buying of New Baltic continues to be of excellent
lass This stock quickly to mine developments
Work is cenered 500 level and the at
his point should disclose very interesting develop
nonts
wolverine for November produced tons, $50 pounds
mineral as compared with 603 tons. 100 pounds tho
reVious month Taking into deraton the less
orking day, Wolverine shows an increase OF about 20
ons.
President f. ID. Johnson and Vice President Hill
santa Rosalia met in Chicago wednesday mmedi-
teH left for the expected upon their re-
irn an exhaustive report will be prepared and issued
stockholders It has been the Ae local curb
late selling to S5c closing this writing at that
rice bid Shipments made in August and Sep
'moer OF all high grade that mined However
: October and November, shipments made, so
Ills ore has accumulated and will be a test ship
tent TO one Of the new smelters in Mexico, m