The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1911-08-12
'OPPERS
J BY j. A. MINNEAR
& COMP AN

I
tnan the selection being mill shipments
Some
eleventh levels but below these points
considered rather and No. vein offered greater
| sibities
No. . shaft is being reach the Pewabc lode,
hat the present likely objective
point until late The shaft is about $500
| feet deep .lssi4s
GREENE cANANEA-
Greene produced in July so9l.oOO pounds of
copper while gold silver values said have
preached almost figures. The company
the best position in its history, ready take
advantage quickly Of metal price Improvement,
the ranks the dividend copper
sells freely above thirteen cents pound The reduce
ton plant is working admirably now. and development
work has disclosed some very extensive bodies.
TONoPAH BELMONT
The exchange Of Tonopah for Tonopah Belmont
tnues. apparently based the possibilities which
Belmont holds forth result of the increased produce
ton which viii follow the completion of the mill.
Belmont paying dividends quar-
terry.
TAMARAcK-
Tamarack sold $50 per week.
lowest price The upwards
years. The decline result very modest
actions. represents the rather
than liqudae holdings. on January 3. the
date the announcement the Of consolidation OF
the Calumet & subsidiaries made Tamarack
soil $50 share the loss being $50 share since
that date. a S1.2oOOoO 10000
which Tamarack capitalized
The recently issued annual report Tamarack
equivalent slightly than ST. share
in the balance OF assets In addition it is claimed its
stamp easily per share based the
same in the Calumet Hecla de-
ductons items give a share value for
Tamarack considerably than the quota
tons.
The output Tamarack this year has off from
that This is largely which
No shaft, and which only recently permitted the
sumption Of active operations this shaft, The de-
output amounts
5000 pounds period
Judging the report past year the
statement of operations for the going
be a very encouraging for TamaracB shareholders
1t Tamarack 1870 per pound produce and
market copper year that with reduced out
put copper selling under 10 pound it is
easy o just about how much the
ANY is losing each month.
with Improvement in metal prices Tamarack easily
he made profitable producer 1t has had than the
usual OF Calumet Hecla
about is worth $40 share
compared the present selling price of II. II
falls through it still speculative
sibiites. which should issue attractive around
its present very low quotation
COLUMBUS CONSOLIDATED AND SOUTH HEcLA-
We are given to that negotiations
Alta which will include Columbus Consolidate
Heca, City Rocks Flagstaff ana several other
properties Little district viii be
plced before another month will have passed
being worked by those who have
| instrumental in the deal from its inception
new company formed o take the several
properties will own the
district win out with 100000 in cash in its
| treasury a like amount available needed.
receipt of Information concerning develop
rlents Columbus Consolidated which makes prop
quite attractive. General Gibbs
that the largely exraordi-
nary charges and toaed very close $4,000 This
entirely paid for by shipped by the and also
| by leasers is planned ship whica
will about sS5 also about
oenrates equal value. The will from the
level the Of the property. Active min
ing possible yet the spe-
cal pumping arrangements be
tails General Manager Gibbs the opin-
that there is considerable high grade the 400
level, by September it win be possible
mine this territory
! SUPERIOR 6 BOSTON,
sinking at McGaw shaft Of Superior & Boston
u under brought f. down
low tenth level. The tenth level a depth
of $40 that deep.
Il The will continued the twelfth
n Drifting level
eastern vein is showing this level.
From sixth the eighth levels a
time ago. 1t been decided tenth to
the eighth levels up winze to the
sixth level.
Superior & Boston's year Sept 30 thar
4, the be expected long after that
n date II is proposed to remove Offices from
TIoughton Boston, Mass. with the commencement of