The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1911-10-21


1t is proposed gradually increase shipments from
ojibway until head is busy entirely on its rock
very go forward each day Rock win
be shipped the Keweenaw and Mineral Range
| railroads While the management does not make any
statement as to what expected milling, opera
ions those familiar with the disclosed at oibway
state that it viii be very gratifying.
Fourteen opened up already to provide
rock for milling besides stock pile available on sur
face Underground developments TO be most sat-
sfacory particularly fifth levels OF No.
shaft and the second third levels of No. shaft
GREENE cANANEA-
There has been good buying in Greene Cam
Of late and while the shown no great adj
vance as yet offerings well up around going
quotations The buying Inspired by the pros
poets Of an early dividend The is that Greene
Cananea win enter the ranks dividend payers be-
fore the close the year. distribute semi
annually twenty cents a share
Such dividends would call for earnings Of at least ST.
OooooO per annum Greene Cananea is producing
the rate Of 100000 pounds per annum profit of a,
least two cents pound which with the gold
and silver bring earnings in excess OF dvi
dend requirements at the forty per annum
The question of dividend payments year will depend
largely we believe the condition market
during the month.
FRANKLIN
There will probably be very production reported
from Franklin this month very milling has been
done This is due to the installation new equipment
at the mine, and being taken To
make some minor repairs stamp mill Franklin is
shaping its affairs that be able to materially
increase its output and going copper quotations
show profit
SUPERIOR & BOSTON,
Superior Monday officially withdrew its offer
to Arizona Commercial This action was gem
orally expected in view of the fact that necessary 10
per cent OF Arizona Commercial bonds been de-
posted AS matters stand Superior & Boston and
Arizona Commercial will both operate Independently as
they did in the plans for the
further financing of Superior be expected
in short time. The fifty per share
Superior & Boston will payable october rs.
There has been important change developments
the property in the past few weeks.
eoLDFIELD-
Godheld down o sS1A week. No official an
forthcoming account for the de-
cline and the street is filled with disquieng
quite say however the decline predicates
the 25c possibly the
cessation of dividends entirely comparatively
time.
Godhed has been distributing
dends and many shareholders appreciated this fact
cause Of the size of the quarterly payments.
According the report. gave a
value OF about sO,OOOOOO in AS Goldhed has ap-
proximately 100000 outstanding
the company succeeds developing further large
ore bodies. its life is of short duration
Goldfed a considerable decline selling around
$40 about a year ago, opinion around
1914 the stock offers considerable speculative as well
as investment possibilities
SOUTH LAKE, NORTH LAKE AND LAKE
The assessment called this week Indiana
financing being necessary other the
Range group
Agomah and South Lake will require financing first
Algomah probably s15 900 a monthly
expense $4,000 $4,000 hardly likely
that any assessment before the
year The company 900 outstanding but the
conditions of copper precudes pcs
sibnity issuing instead assessment
being levied.
AS is generally known South conducting opera
tons on a limited scale, - borrowing money
sessrnent is likely nor stock
market shows Improvement
North Lake the financed of these lower priced
Range The company $4,000 in its
treasury present time. experdng than
SO 900 diamond drilling sinlN'ng is
undertaken the company win called upon any
heavy outlay that shareholders company
look for least another year. All OF
North Lakes 100000 shares outstanding
thought that Lake will able produc-
live stage. self-sustainins without calling upon
for any additional contributions
likely begin production early in 1912.
assessment or s15O share called by Indiana
his week. payable November is by stockholders OF record
October S1st. The entirely unexpected by
those familiar the position
diana. The company has outstanding 10000 shares so
the win provide $4,000 when fully