The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1911-09-02
CALUMET & ARIZONA

The strength in Calumet & Arizona during the past
in the face Of heavy liquidation the gener-
has quite conspicuous The stock is being
bought through houses and this
ing addition there been consid-
cradle c. A. taken in the southwest We feel distinctly
favorable Calumet Arizona and feel that II the
pany able close earning its present div
iiond with selling at going quotations. 1t is easy
what be expected from the stock when
metal Improvement comes.
Calumet & Arizona striving bring down produc-
cents pound, and the which
attended its efforts since consolidation with Superior
e Pittsburg is worthy We in position to
that costs very close to ~ cents pound
production the of 5OOOooOO pounds
The directors gone question a
ing equipment quite thoroughly, although nothing
and prepare for the actual
construction. The plant itself receive attention
Until there is a bettermen the copper The
rehabilitation Arizona smelling plant will
represent outlay of probably than $1OoOOoo.
bodies being opened particularly the juno
ton property continue be remarkable,
greater than before in the
history Calumet & Arizona its subsidiary.
Superior Pittsburg. exchange of S. & p shares
less than shares outstanding
There large blocks outstanding and before the
close of The present there will be practically SUI
perior Pittsburg remaining undeposited.
QUINCY
Quincy shareholders the quarterly dividend Of
share Wednesday disbursement called for $11o-
coo. director of the Company is the authority
statemen: that long sells at l2c
pound difficulty will experienced maintaining the
present of quarterly disbursements quincy
igated itself however to pay approximately $4,000
property recently acquired expects
with difficulty in earning sufficient not only
nue dividends but also to meet this additional property
payment 1t is estimated that the Company producing
copper a a more ten cents a
pound.
CALUMET G. HECLA-
Calumet directors this week, announced
quarterly dividend of So share September 22d
to stockholders of record August 29th ago. the
company paid 81 share With the payment the dvi
just declared & Hecla will have dsbursed
to shareholders since organization $116O5O,
00O greater than any other single mining
company
There have been late developments in consolida-
ton. and until the before which
ore pending have decisions, anything
definite be stated concerning the question official of
the authority the statement
That the directors have given thought
plans consolidation be Influenced
entirely by a decision be handed by Supreme
Court of Michigan probably before the end of the present
year. which will determine whether necessary
sodaon to strictly adhere the relation between real
well par value stocks.
The Calumet Company started work on its
regrinding plant and confident demon
srate much greater value the stamp at Torcn
Lake than estimated when the consolidation
cded The recently Published Finlay report
hrmed the values placed stamp by CAL
met Heca
ISLE RoYALE-
of rocl<t
eGily to Its stamp mills the remodeing of which
Gently completed The rock is running a trine better
than Is pounds of refined per been
little of Importance in developments the property
ing the past six months The company showing slight
earnings the present production any improve
ent in the metal market the output be easily in
creased and substantial earnings would follow
Shaft No is feet and No 6 shaft 100 feet
deep and the laeras only a fair grade of
No shaft is down feet with the same
condition existing there The stock is being well taken
Ground current quotations. any breaks looks like
very attractive purchase.
SOUTH LAKE
South Lakes new shaft has gone through 80 feet of
overburden and superintendent Forbes hopes
ledge after sinking another 10 feet Very good progress
Is being made with this But little water is now
encountered and the no difficulty to sha
sinking When the ledge is reached viii be con
creted. and when this sinking will progress much
more rapidly
The stock well taken recent break and butl
little of 1t is under IS share with GEN
eal Improvement in the market would not be dacult
at all for South Lake at least fifty per cent
above its present selling price.
olBWAY-
With eleven slopes up ready to furnish rock fo
milling pile which has assumed consi;orab,e
proportions, ojibway will be in a position to an