The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1911-09-23
Cuo G6ssTP Of THE o s,5 J ai:.sss
>0OOS~A & COMP AN
NORTH BUTTE

Butte directors this announced the regular
quarterly dividend Of thirty cents share payable october
?ls to Stockholders Of October 7th pay
ment of this dividend the company distributed
of stock outstanding.
North Butte IS producing at the 2ooO 900
pounds of copper month"; its be
tribe below ten cents pound which includes all deve
opment and exploratory charges. Earnings 1874
copper equal approximately sl4O share
Flutes stock that unless copper
present prices little likelihood
dacng the dividend although
of making the instead of sOc
declared.
There has been very good buying Butte,
this is believed largely the prospects of
favorable developments the $500 level station
been established at this level and prosecuting
1t is believed that the secondary enrich
ment viii be reached this depth proves
be the case North viii sell very higher.
CALUMET HEcLA-
Calumet Hecla reached $500 share this week. the
price recorded for this issue when sold
down 1926 The decline this week any
heavy selling but rather a lack buying odd
lots the market is doubtful whether
It would possible either bought sold
100 shares of Calumet Heca day during the week
without having changed the quotations the stock at
least % points
expected that within the next week two Mchi-
Supreme Court viii handed down the decision
the question of capitalization its relation real
value, point which by those oppose the
consolidation In that the decision is favorable
to Calumet Heca. is understood that the Company
continue to work consolidation along
originally proposed However decision be
favorable it difficult how any
will be than abandon the whole proposition There
still pending in the courts and these will
have o contested before the outcome
1t is possible that selling Calumet Hecla
may inspired by the beated realization that the
Company facing legal ENHANCEMENT which may cover
period of several to The Fniay report was
disappointing it indicated that Calumet Hecla
comparatively short life ahead of It, However, the
conservative corroberaed the Cal
ume Heca many their statements made
in connection with the
The the Calumet q Hecla subsidiaries have
gone price considerably since the merger first
proposed this fact be considered unless
disposed the holding yet
a realization help prove disquieting
to shareholders.
The company is building its second regrndng plant on
Lake. and there every expect success
will further of the large
tonnage o sands this point
any further break in Calumet Hecla stock, II Is
quite reasonable expect will be invest
demand and would regard $3.50 attrac-
tive figure the issue
INSPIRATION
Inspiration has apparently abandoned idea of
sodaon with Miami and Live oak and under the direc-
ton of c. H. Repath plans being prepared for
5000 ton will be located about
twelve where there is ample water
supply Preliminary surveys for well rail-
road being made Until the concentrator ap-
rroaches completion likelihood or f cher
operations being begun at the Inspiration mine
he Company has about soOOO tons OF ore developed
which thought will be found to contain close to 40
pounds of copper per The operations
viii development with the idea of
ding the property in shape for production.
The location shaft which will be the center of
operations for Inspiration decided shortly
The Company amply all Its present re-
quirements. production expected until probably late
in
AHMEEK-
An initial dividend Ahmeek expected before
the Of the Just what amount Will be
peid impossible II understood that the
Company earning very close 10 $12 year per
share a dividend the of s. semi annually
will be paid. of 1910. Ahmeek had balance
Ct amounting $4,000 Its construction costs have
been comparatively low for its stampmi has been
paid for and only outlay development and
equipments shafts No. 3 and No a.
Ahmeek producing the rate of close to 100000
pounds copper per and when its mine is fully
equipped production will of 25OO0O00 pounds
Of copper very close to cents pound
As the company outstanding $1,000 shares is oo-
vus what great possibilities ahead of this company
in the way dividend disbursements
INDIANA ALeoMAH AND NORTH LAKE
Indiana will shortly consider the question of
further financing this There unissued 20
O6v shares which could be disposed of IL market
conditions this is not likely at
tho present time possible assessment viii be