The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1911-07-10


to s. share. The financial shows accounts
payable amounting s4.s1s 1925.
leaving deficit of $44S7 General Manager Frederichs
on the future of the property in
I'VE have in the bins ready shipping 100
OF well sorted and shipping viii July lat,
continue rate tons per day
Future development OF the prporty viii depend
~ upon from shipments
way be devised funds purpose.
Much could be found tat WOULD pay snip funds
for such purposes available In the meantime,
efforts shall mine what min
mum and If possible make sufficient profit enable
sink another 100 feet and of
very promising the south from the 800
NORTH BUTTE
down to ss2 this week. the lowest
point for buying of this issue.
however at the low considered very good
believe that the stool. Is being quietly by
interests who confident the outcome
developments at the property particularly the $500
foot level Developments this being very
closely watched and the ths the DISCLOSED
at this point assumes proportions North
quickly double in price
1t has been the experience of other in
camp to develop high grade down
then pass disclosing very mineral
values. Following further development work.
secondary enrichment reached where grade
apparently is meet
at other neighborng properties There is doubt
that the depth which Spectator has now
reached high grade ores will be disclosed.
North Butte shareholders will quarterly
dividend Of thirty July ed sccompa-
nying it win be a statement operations comment
developments foi the three months preceding
date. We believe North Butte should bought a
weak spots.
osCEoLA-
Directors Thursday and declared the semi
annual dividend Of $3.50 share. payable July
stockholders July Sth The dividend paid six
months ST. The Of fifty
expected In fact shareholder generally look
for dividend Of than So
In addition to the dividend which shareholders
will receive the present month"; they will
share proportonately in the by such
of the other companies included ia the Calumet
that declare dividends up the con-
sodation. This readiusment of dividends VIII take
place after the is closed consdera-
BILE accrument to osceoa shareholder understood
that cummings the present very to IS
share .i, 1851
MINING NOTES ''''A ANs'"
Alouez has prepared plans tr a large and permanent
shaft and rock house at No. 2
1t is expected ojbway will some announcement
this month concerning plans for a mill test,
DAILY West Mining Company declared the quar-
tery dividend of thirty share payable July 20tn
to stockholders OF record July
old Colony has started diamond drilling its prop-
erty. News will be eagerly lited and tina
stock advance sharply from pr sent quotations.
Developments at Houghton Copper likely o prove
much interest marketwise any day II vein $
found mineraized point Houghton strikes it. the
shares win advance sharply.
Damage caused by the fire has now been all repsred
and Butte alaklaya HIS its SHAFT ready opera
lions down the level. It is quite likely that
production will begin in the very future
The copper for June OF the Caiu-
Arizona smeer was 3s56OOO pounds This is a
falling off from the previous The production
cludes the output both Calumet 4 Arizona and SUI
perior & Pittsburg.
Atlantic has been taken off the stock exchange
This action due to the absorption this Company
by Copper Range 1t that approximately
ninety cent Atlantic stock has already been de-
posted exchange
Private advices received from Porcupne very
favoraby on Dome Extension. 1t that a very
promising vein developed N Dome property extends
into the Dome Extension, that outlook is for $3.50
for the stock the future.
Mohawk produced 7S5 of mineral i'm June This
was Is tons less than May, which was record break
ing month In much Their day in June
than in May IN which the company operated
really shows output
Superior Globe continues diamond drilling at its
property As developments not been OF a ma
uro to indicate what may expected The com
rany has funds sufficient for some months
20 come at the present of operations
The Copper statement for June Is expected
Monday and will probably substantial decrease
H. the surplus stock. Some estimates go as high as a
decrease Of fifteen million pounds month Reports
have been very large during the past weeks.
rather fire in the Porcupine camp this week
considerable realizing Dome