The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1912-11-18

/ n fuinor OF consolidation Of Shattuck
Arizona on two for one basis with very quick
ana emphatic denial by officials OF both companies A
we stated in previous issue shattuc win soon be placed
on dollar quarterly dividend basis II is very likely
the management will dividend Disbursements inn
nediatey and distribute the cash they have in
the treasury, and which they been holding for The
purpose Of building smelter Of their own As they have
just closed long time with Calumet & Arizona
to smet their ores viii necessary 10 keep this
fund intact any longer. also interesting TO learn,
that the Copper queen people bid for the handling
Arizona were the more attractive. Then again fl has
lately come 10 light the Copper Queen people made over
lures to take over Shattuck ago but terms
satisfactory to all could not be agreed upon
Regular shipments by Shattuck to the Calumet G.
Arizona smelter were delayed few days pending the
completion of the samplng mill Two hundred tons Of
ore daily being shipped
CALUMET & ARIZONA
According present plans we understand the quarter
ly dividend meeting will on the last day Of This
month, Nov, Both is question Of whether or not
the dividend will be increased. but rather question
how much the increase viii be.
a number expecting $50 and some of the more
optimistic looking So However we understand
that some Of the members Of the directors feel
as if it would be the best policy pay only s25 at This
time in view Of the heavy expenditures for the
what effect the administration will have ON BUSH
ness conditions throughout the country in general
This conservative attitude of the management is COM
mendabe from stockholders investment standpoint
though it is dscouragng to those have purchased
the shares for speculative advance
WINoNA-
Were ii not for the shortage labor this property
would be giving good itself However
owing to the fact that there not sufficient dwellings
to he
larger force Why the management does build more
homes for the housing the hard to say as n-
questonaby it would bring the company very handsome
returns on the investment especially metal at 17s
cents.
AT present the mine is barely able to furnish sufficient
rock to keep one head going steadily though they have
two heads that be continuously They have
Installed two Harding tube mills also additional con-
cenrating tables, and understand that the loss in
failing has been considerably reduced
The mine is in good physical condition and If the mill
was running to capacity Winona would making big
interest on its present selling price shareholders
NATIONAL MINING COMPANY OF MICHIGAN
This is another ontonagon County property which is 70
receive attention An active campaign diamond drill
Ing we understand has been upon and work viii
be started early date
The property lies between Victoria and Michigan
These diamond drill operations viii also have some
bearing on Michigan as they are contiguous
properties.
WOLVERINE & ARIZONA
This issue has shown steady Improvement in its bid
price in the past week possibly due more or less to n.
attention shattuck is receiving market as their
properties adjoin
Officials of the conpanv DENY tho r,,,r,rs ,,,t 81.
was new ore body the property last week However
hey state that the auxiliary ore body as mentioned in
heir annual report, is showing up exceptionally We'll
though they do not know at present just how large "a
body 1t is 1t will be remembered that i'm the annual re-
cert they mentioned about cutting at certain point
md owing to poor ventilation, necessary to uprasc
II another point to improve this condition.
Wolverine Arizona shipped few days ago about goo
ons Of very high grade Copper queen Smells
It Douglas This was mostly taken from, This ,,,xr
airy ore body At present, they breaking the ore int,
chute and when they couple hundred tons stored
hey Will make further shipments. This zoo ton ship
neht Is equivalent to more than quarter the total
Eipments for the 1872 and it is estimated win uet
lac company pretty close after deductng seIte
nd selling charges
That this issue viii command a price Of several Dol,
airs share some day there much doubt as owing
the low capitalization and fine location OF several of
helr claims one of the larger companies will undoubted
y sooner or later make overturcs to take it over
"A SALE
Work has been started past week toward the re-
pening Of this property Pumps are at work in botn
No. ana No. shafts unwaterng the mine as RAPIDLY
possible These the shafts on the old Te-
umseh tract the northern portion of the present T.,
alle company Practically all shipments previously made
we're from the territory contiguous to these shafts
force of men at dismant ting the machinery
t No and No g. and this equipment ms well as the
uiIdinss are to be moved to No I and No
hats As the equipment Caldwell shafts No
nd were Of greater capacity the ACCESSIBILITY Of IN,
hanse is readily seen when remembered past de.