The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1912-11-05

sG7b per ton. They cash balance of s1ss7o at the
end of the fiscal year.
sup Roberts been at disadvantage in opening
the property owing the limited funds and the dsnc
nation on the part directors call for
rnent To prosecute expedienty the plans outlined
NJ ]. Harvey in his report to the Wolverine & Ari
IONA management lsio would require considerably
than at the disposal of the treasurer
However, with the limited capital Weeds plans as to the
proper method of developing the slowly being
yet they failed the results
anticipated.
In the past year a stope has been opened in close
proximity that has been furnishing the ship
mens for some time past. This last discovery is high
grade suphde about 12 tons of good have been
ready for shipment which will be added to more
rapidly owing to the fact that the lack of
ventilation which bothering them of late has
been overcome.
wolverine & Arizona owns outright claims in the
Bisbee ABIDING Shattuck and Calumet Arizona,
it certain that it is only matter of time
before the will be realized Shat
stated pitching into the Wover
inc Arizona property.
The annual meeting will held in Bisbee November la,
1872 election of directors and the transaction Of
illustration of the economical policy
of the company. called the office
$50 the year.
SUPERIOR
There has quiet buying of this issue the past
week slightly higher prices, and 1t has been acting as
well any of the Lake Superior issues
From information obtanable, there have been
important developments to date at No. shaft the
west lode.
At No shaft all operations the Superior lode
stopped the time the and machines have
been moved to the West Lode The object Of this is
undoubtedly open much ground possible with
the least hosting that considerably larger tonnage
shipped to the Centennial Alouez mill as soon as
the facilities completed. The only rock being
shipped is that being taken from development
work, Stopping being This reduced
rock shipments to only about day. which un-
doubtedy will be the until the change in milling.
There continues bd considerable in tangs in the
Atlantic mill where Superior rock is going. the
ent yield being only about IS pounds mineral
CHIEF CONSOLIDATED
The Utah labor difficulties reflected in the Chief
Consolidated September earnings which announced
the past week. the results being only s656s6
pared with the August figures s1Os2l July
ings of $3l 800
The grade of shipped showed falling off. it happen
ing that several of the in ground How
ever. understand that this months will show
shipments of n higher grade of The International
smelter again in operation and there should be fur
ther difficulty this Though production
not renewed until along in this month the has
been endeavorng to erease shipments sufficiently
this but it is not likely the october earnings will be
up to the for the past year.
The expenses also higher for the month of Sep
tcmbe running better than $4,000 This item also tended
to decrease the earnings. october they had in
the treasury a little better than 100000.
MONTANA CLINTON
The existence OF company was brought more for.
chilly to the attention'of the stockholders by
funds An assessment of the stockholders
share has been levied payable before November Ot
ANY stock on which the assessment has paid will
be sold at delinquent sale December 90 1912 5~
Stockholders also requested forward certificates
win assessments and new will be issued showing
$55 paid in No report was issued and the pres
cnt status of the company unknown though stated
that Ss1l5Oo were received shipments tons
| of
AT the time of organizing this company 142,s74 shares
issued capitalization of 300 OOo since
the has taken 6s691 shares Delinquent.
SALE so that at present there outstanding only 74ss
shares
CLIFF MINING
Development work property on the Kearsarge
lode is meeting with satisfactory results both the
north and south drifts the being
good Under supervision of supt Ridley
ten men are working this property with two machines
| In operation.
Any developments this property important to
olo"aS as Doth companies working the same lode
ana about mile The ground now being developed
by the Cliff is of frmer character show a
Norman condition of the lode compared develop
at obway the vein seems to be more or
broken This stock listed on the unlisted department
OF the Boston exchange ago, sales
recently made at s3h. though there is but little doing It.
"-'i@ d@ >MoTEs-
MS. with al 10
traction engines assaVs ~ POUNDS copper "
grow moro richly Trading was generally limited ~ .4
English and the market anticipation the part