The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1912-04-27
CRANKY

CRANKY produced about 100000 pounds of copper
March April output will probably be tribe better. 1t
estimated that this production obtained at
not than per pound Cranky obtains gol
silver values equal about 100000 per
gs basis sixteen per pound copper equa
close 100000 per MONTH about IS per share tn
liS,5OO shares OF stock outstanding
CRANKY has been strong during the recent trading. 1t
been subjected considerable profit taking during tn
few days but buying has been OF a nature
indicate that the stock just getting ready anothe
sharp upward movement There is talk OF early
and also of further financing to be done provide
funds with which to erect reduction plant the stool
be offered to shareholders rata and price hghe
present quotations. indicating the likelihood of turtle
market activity to make the attractive
Reports from the Hidden property recently mad
by engineers said to be very favorable showing arg
tonnage than originally estimated.
INDIANA
passing interest was attached to recent deve
opments Indiana. The lode disclosed two weeks
has showed a width thirty feet
vein matter reddish formation carrying pin" cop
not noticeable at first glance but in abundant supply
closely examined Considerable small mass coppe
also found
Indiana is sinking exploratory shaft parallel to No
diamond drill hole At depth of $50 feet
started and it in this lateral that discovery
made The has been turned drift
continues to show the above described yet
sufficient drifting any definite
plan of operations but work will be continued
agement feels much encouraged by the showing.
The Indiana shaft is about 765 deep. In an
other weeks further interesting developments ar,
promised Sinking this crosscut are the
only work being done at Indiana the present time.
AS result of developments Indiana was ar
unusually active selling high $685. the highes
price the reached since sensational ad
vance above $4 and subsequent decline to So share
The recent buying largely account
DIVIDENDS
May will be a month be watched closely by holder.
Of dividend paying copper shares a number of in.
stances there will be disbursements announced
Quincy directors will month to take action
IN the dividend to be paid in June The actor
OF the stock would Indicate that increase is being
sdered The last dividend paid was 81. An increase tc
$3.50 would not be a all surprising
Calumet directors will meet late in MAY FOL
dividend action While the is showing earnings
substantially in present dividend requirements we
lcubt much if increase viii the com.
1any conserving it's meet the requirements
financially Of its smelter The dividend will he pay
able in June
Calumet & Hecla directors may late in May or
early in June to take action the quarterly dividend
The last disbursement IS per share The advance in
copper together with earnings by subsidiary
ompanies may influence the next dsburse-
ment 1t is estimated that at the time Calumet
eca is earning siXteen-cen copper about s45 per
share.
Osceoa directors will meet in June to take action the
seni-annua dividend The last payment $3.50 per
share At the present price Of is said
earnings in of $40 share increase
to 81 and possibly So semi-annua dividend would not
De surprising
North Butte directors viii probably meet in June for
dividend action nasmuch earnings now twice as
much as dividend payments increase at least fifty
cents quarter be expected in the dividend be paid
ia July
ToNOPAH