The Calumet news., 1912-08-05

paid quarterly at the rate of per
share. company has paid total of sl2sO.OOO in
dividends
Recently new hoist was installed which is capable of
hostng depth 1900 feet. in the district
been developed to depth 400 Drifting being
on the 200 should be attended by
esting estimated that the has block
sufficient show net earnings for at least
years present of disbursements
CHIEF
Chief Cohsoldaed viii a semi-an report for
the months of 1912 early next week. This
port win earnings for the six months OF s4s,
Goa. earnings for the month of June s2Ssss
decided increase May earnings. Accord
ing to the shipments during the month
July, earnings month should be
approximately the those in June. and
with the very satisfactory developments reported during
months doubt but that in the last half
OF year. Chief will able least maintain the
earnings of the first half giving balance of
In 100000 Assuming that this possible the
company will undoubtedly begin dividend payments during
the first quarter OF 1913.
ISLE RoYALE
strength in Isle Royale is justified when
analysis is made of the recently
This the first six months of 1872 and
shows earnings during the period amounting to
proximaely $4,000 The balance of assets at the close
$l3sOOO. that June 80 Isle Royale had
a balance
$3.50 per share
During half of present year. the record
should better than that of the first half as the
price copper promises higher than that OBJ
tanned in the months and at the time pro-
ducton will somewhat large.
In the first 1872 Isle Royale produced
4129.OOO pounds of copper showing recovery of l59
of refined per ton of rock stamped
pared with 164 pounds in the calendar of 1911.
with 1855 for the previous The fact that the
naturalization showed a slight falling off and the cost
increased trihe is considered alarming costs
OF increased and other minor
factors.
Isle Royae has yet started actual sinking for No
shaft The sandpipe located satisfactory site
for this shaft but ground will probable be broken during
the the weeks.
MINING NOTES
Calumet & Arizona produced July 4.74sOOO pounds
OF copper.
The Copper Producers statement for July will be pub
shed indicate that there will be
further decrease the surplus 900
Arizona Commercial Copper company is issuing
certificates in the which
forwarded shareholders the reorgsniza
The July output of the Butte camp approximately
100000 pounds against 100000 June
largely due to falling off in the production of Ana
conda which has explained
Calumet & Arizona directors will meet about the mid
die of the present dividend action We
the opinion that the dividend $3.50
share, although earnings So
share quarterly
1t is expected that within the next week two that
Shannon directors dividend action declaring
quarterly dividend of fifty share. IL is es
mated that fiscal year to end Aug
Approximate 100000.
The settlement of internal political difficulties
Rosala Mining companys property in short time
When work is resumed 1t will Mr.
Henry Hill of this city.
Cliff stock has been listed the exchange This
company controlled by Calumet Hecla interests, has
property in Keweenaw county which holds forth consd-
erable promise A sale stock was made during
the week at SO per
Calumet & Heca directors meet late this month for
dividend action 1t would not be all surprising IL the
dividend increased the coming quarter to SIS per
share The company earning close to SIS per
per annum and all of its subsidiary companies are
cellen shape.
superior during the month failed to
remarkable record of June. shipments fell
eral thousand the recovery was also lower
is understood that during July recovery was close
pounds OF copper per ton of stamped main
taihed can be regarded satisfactory result
IL Is expected that during the month Franklin
WI" DC operating on normal basis and will be shipping
close to 1000 tons of daily its mill June opera
uons showed slight copper which cost sixteen
cents pound to produce recovery of IL pounds
'he ton OF rock stamped The small production for
month was responsible largely for the high
ducon.
The home Office of Arizona was advised this
week feetco