The Calumet news., 1911-12-09
CURRENT co,,5,.,,,;:; - rt,n COPPERS|
- GOSSIP IL ~ By j. 4 oossps MMpEAR sAR

cut viii be started and an effort will -
made in this manner to ascertain just what may be m
pected the discovery.
Hancock shares occupy peculiar position because M
stock is closely held. Sharp movements up and d
quickly The advance $50 this week quite natu,
y considerable profit taking 1t is safe TO so h
the large blocks of stock held by remain na,
despite the advance fully ten points noted during h
past three weeks
LIVE OAK, INSPIRATION MIAMI AND NEW KEY.
STONE
is officially announced that negotiations are now IN
der way looking toward the of Miami Tn,
ration, Live oak possibly keystone The pron
lens which confront the directors the several commando
such that may be another two before apv
official information obainabe concerning the basis for
the merger
Because of its low capitalization Live will probably
enjoy greater share advantage Inspiration ar-
est body of ore developed Of OF the properties being
considered in the while follows second 1.-Two
Oak third and New along the fourth
1t is generally believed that consolidation win no
brought about tonnage basis with allowance for
cash and equipment well the actual mining
work done. OF Miami enjoys great advantage
of owning concentrator capable OF being size
so that it can meet the milling requirements COM
bined properties In addition is producing ana
is probably at least two ahead any other
properties being another factor
The combined properties have ore exceeding Co.
900 tons OF than per copper
Miami has outstanding 74SOOO Inspiration 1OOO
OOO Live oak 9S75O and keystone S5S,OOO shares
The action of the several stocks being considered
indicate that the issues would in basis prob
ably $50 Miami ss5 for Live Oak SO for
Inspiration $3.50 New Keystone
GoLDFlELD-
week announced the regular quar-
regular and twenty cents extra The dividend is
January 1st to shareholders 3Oth
1t was generally expected that Goldheld would
cut in the quarterly disbursement dropping off the
| rayment While it decided the usual pay
ment this quarter there doubt but that company
will find it very reduce its
earnings rapidly falling off and the values
clinng, necessating the larger ton
mage than year ago.
Because of these conditions being generally known
is hardly likely that there will any great
veoped in the shares, and the opinion
any strong dispose of their
holdings.
GREENE cANANEA-
1t though would be no dividend paid to
Greene year Greene Consoldat-
ed directors early this took no action on
| the dividend AS Greene earnings come from
Greene Consolidated and Cananea Central, would bo
necessary first for the subsidiary companies declare
dividends before the holding company any
| bursement.
However,. because of the Improvement the
ket and also the advance price OF silver there
no question but that earnings the present
hcient to warrant this action, and opinion
disbursement will be made Cananea
| ers during the first quarter Of 1872
LAKE SUPERIOR G. ARIZONA
There was renewed activity in the shares Lake Su
perior Arizona this week. due largely that Il
communication has been received a
nouncng the fact that favorable developments had attend
ed operations at the Magma property. which company
| has an option on the L. s. & A. holdings
1t is stated that the Magma company drifting its
Sth level had opened body and 60
feet in disclosed high grade ORE assayng
high as So cent 1t reported that lin
tted shipments were being made from this body.
AS is generally known, the Magma is developing its
property which adjons the S. claims that the
discovery made by the Magma company is only a
dred feet from the l. s. & A. boundary line
AS yet the Magma interests have not signed their in
tenton concerning the option held the l.. s. & A.
claims. II is known that the will look
with favor the request an extension of the
ton without some cash payment being made. higher
price being received for the property that which 1t
was originally offered very favorable de-
veopments at the Magma property L. s. & A. in
erests believe that this option exercised hnanc-
ing an independent company would very or the
property could disposed Of to other mining
very satisfactory terms.
~sssrers
MINING NOTES
Mass some agreeable surprises after
the first the year.
Some announcement be expected concerning
the plans of shattuck obtaining money with which
tc erect its smelter