The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1912-11-30

charge OF operations. Mr.. Hin m FLORIDA, but
be in Calumet in the few weeks.
CONSOLIDATED MERcUR-
The annual report just issued states: Unless ina
something new, duration operations is now
matter OF a few months" This will end the corporate ex
istcnce of company organized in which paid
about 3.5OOOOO in dividends The past few has
been struggle keep alive and development work would
up bodies only to find they were small ana
quickly The production year amounted to
2s93l of gold from of 2Ol652 at cost
Of s2O36 The mint of gold s2O67 the profit
only S1c per The company complete
mill with teaching and prccipatng departments which IL
moved another would be quite valuable bu.
sold scrap would bring very little.
number Of properties have been examined the past
year with intention utilizing the mill and equip
ment but met the requirements dividend of
three amounting 100000 paid in July and was
step in the division of its assets They closed the year
with cash s57,759 and if the affairs of the
company quickly wound up should give stockholders
about seven per share additional.
DIVIDENDS DECLARED THIS WEEK.
Copper Range quarterly 55c, Of 25c last
quarter payable January J. 1913 to De-
cclnber eth
Nevada Consolidated regular quarterly of a7l cents and
extra, payable December 31s stock of record
December 9th. This increase 100000 additional
to Utah Coppers treasury.
Copper regular quarterly of 75c payable December
31st to stock of record December 9Th.
Nevada Douglas. initial dividend 12la cents pay
able February stock o record January H. 1918.
Montana Tonopah, scmi-annual payable December
10th stock of record December 9Th.
Tonopah Belmont quarterly 25c payable January LIST to
stock of record 14th.
Wettaufer Lorrain Silver Mines regular quarterly of
2k % dividend 21aes, otang Sc payable
January 2O.i913 stock Of January 4th.
United Cigar initial dividend of 1%%,
par 800
Mckinley Darrah quarterly dividend 2Oc an increase
Oc payable January stock of record December
10th
old Dominion Operating company regular dividend
81 %, payable January end books close December
old Dominion Co. of Maine (holdng company regular
dividend of sl25. Payable January Srd. close
December 10th.
Calumet & Arizona directors are holding a meeting in
Chicago today and will quarterly dividend. An
increase to s125 is looked for if that is
declared it will be accepted buish argument the
stock.
Tonopah Extension declared eva. Payable January ls
to stock of record December 10th.
oBJIBWAY-
The raise the 1000 level No. shaft is up approx
matey so feet and is in footwa trap is making
considerable water 1t expected will hole
through into the vein any time The vein has been
pitching away from the shaft necessitang long cross
cut each level To eliminate part expense as
well as get quicker results the cement decided 10
uprase in place of running the long
The drift north the level is meeting with good
grade of stamp rock The DRIFT is in - shoot
of and has very ground for sonc
time An electric drill is found to making better head
way in this ground than other machines
ON the 1900 level of shaft a crosscui Is being
extended to the lode and has advanced about ~
feet ono machine is being used this shaft while four
are in operation at No l.
The development recently on the Kcarsarge lode a IN,
Clin property have important bearing Objbway for
Continued Pace four