The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1912-04-13

close to 400 tons rcck daily TO tho stampm am
il also getting a better recovery for some tim
past &
Among the Lake Superior non dividend paying issue,
appeals issue great and f
is patient it will undoubtedly give large returns
1911. Centennial obtained recovery 1926 pounds
of refined copper per ton rock stamped The improve
ment noted this will undoubtedly make Centennial,
recovery very close to 10 pounds.
Centennial been gradually increasing its force a
both the No l and No. shafts work has beer
very extensive drifts Wolverine anc
Kearsarge boundary lines. there has decided i'm
provemen in naturalization which now being manifest
Ell in milling operations No. below the s5tr
level in good ground. From the aOu, to s5ti
levels. very long OF excellent sopnp
ground have been opened up
plan whereby Centennial may be hoste>l through
No Kearsarge shaft. which only distant from
the Centennial line. may he arranged possible tina;
the Kearsage shaft be sunk below its depth
Of 2S2O feet into Centennial territory will operated
for the benefit of the latter company would prove
very desirable for Centennial necessaie
lengthy training and in other ways would prove very
economical IT is also possible that the osceola lode may
be operated Centennial property through No is shaft
Of the Calumet Hecla The drifts this shaft are
to the Centennial line, could quite easily ex
tended into Centennial territory
The drifts from No. shafts they approach the VOL
VERNE boundary very rich An estimate territory
available to Centennial the Kearsarge been
made and indicates that the company on this
lode than available South Kearsargc and al
most much ground wolverine had on the same lode
We strongly advise the purchase Centennial on any
weak spots, and while the litigation surrounding the Call
umet Hecla subsidiaries prevent any sharp move
uent in the issue for long time investment this stock
offers the greatest possibilities
GRANNY
In week Granny advanced about SIS per share tho
buying being inspired largely by of the early
resumption of dividend payments by this company Gran.
o. mas outstanding at the present time S4s5 shares ana
with copper selling at fifteen cents pound earnings are
Urine oeer tan IS per share When dividends re-
sumed is possible that the payment will be at least
81 share and likely $3.50
CRANKY has had rather tempestuo,s market career
sold above $3.50 share year as low as s2s share
The decline due the that the old nina had ho
practically exhausted and the company was compelled TO
iook about for property The Hidden Creek ro,o
claims was purchased proved to be an excellent
TINS property opening fully up to expectations
Last year the Canadian coal strike nterfered seriously
win operations by CRANKY and almost six months pro
auction ceased
me company has battery of eight furnaces capsbe or
treating "ooo tons Of ore daily The production for 1912
VIII probably be 100000 pounds of copper NJ - cost Of
las ,lai1fa
iaaKns The early resumption dividends very likely The
CRANKY management is regarded as an exce,,on, ono
HoUGHToN COPPER
Houshon Copper at the close of 1911 had a ba,nco -,
haoinues amounting to $l7.426 That the companv rur
curly financing Is very evident from the report and II i,
Tue o"'cers are now working a plan look
80 "'u ''''s emu vi the 100000 shares for which tho
company is capitalized, $3.50 are unssued be s, cha,
Is issued Is marked IS paid in An assossn,o., - -
he traay,,.
49, " '"e treasury stock disposed of at the discretion
oil the directors but it most likely tina, ero
w" DC maze to sell some of the treasury STOCK n ,,o
lions '0"''"ue opera
commenting on work during the past year pr GU,
ne 'r' gives the following informaton
s '"e past year the principal DEVELOPMENTS -, IN,
- =, . p'Opery nave been the two crosscus from
,o,., ~ V ana o2o foot levels respectively the
49,, "" 'es''u TO which win be found in the Gen.
With ~ e~
'oou' uho hrst of February the lower crosscu, ,,
"eu west through the lode cut in our .ar,on, ,,u,
perations and referred to in the lac, ., -. '''''s
ns worthy of further exploration r., ., -, -
= 'ee' vi drifting had been done on this ,ls, , =,
"'s !" ground Carrying copper in very encourap
" a'"ues The characteristics Of this lode as sh.,n
'''' are so similar TO those of the sunerior
ho,,o,. 49,, F" suspect we may have been mistaken
~, IS '"e ode nearest the shaft have ben Identical
,rr,,n ~ =" winch the Superior Copper company is
ARRIVING on mining operations"
ADVENTURE
IRE tb. 49,, .''"s 'rVen to reach No lode Adven>
- ''s week broke into vein carrying bo,,-v ,..u.
ie. copper the width which has not 70, HOO, -
eu The vein just discovered is about sax Zoo, tro
: '"'' ana Is of an amygdaoid character =, :. -,
a., S IS NO. lode or IL it is a split from, onc
oary e' VEINS cut in diamond drilling severn,