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

share The upward movement due to the fact that
in all probability directors will month take
quarterly dividend. which will possl-
bly, be fifty cents per share.
During the present month"; it Butte Alex Scott
produce approximately 100000 pounds copper the
being shipped its mine the East Butte Smell
ter
The company has outstanding about $4,000 shares. so
that distribution dividends the above
would earnings of only $4,000
The company very satisfactory working agreement
with whereby able sink its shaft with
remarkable speed at comparatively low cost At the
time the is sinking its shaft to the
level West Colusa shaft OF the Ana
eonda, 4 has extended the Butte Alex
Scott property. raise being made with
the shaft bottomed at the 1900 level
Recent reports from the mine Indicate large tonnage
of high grade from which shipments being
made earnings which will shortly be distrbut
ed to shareholders
At the time the entire Alex Scott property is
selling at market price only 100000 considering
prices which were obtained properties the
Butte of equal merit Alex SCOTS stock is
garded selling very low.
meeting for action the quarterly dividend will be
held in Duluth June GOTH unoneially informed
that present time Butte Alex has $4,000 in
in its all bills paid and will start next week
shipping daily tons. the pres
Developments the 1900 level said to he
particularly gratifying
MICHIGAN
The report of the Michigan Copper company
this total deficit of ssS572 The deficit
increased during the year by $15,639
During the tributors produced 32777S pounds
copper which company s4S04. The tributors
did practically all the done Michigan property
during year mainly the abandoned workings ada
the Calico lode
Grpt. Brady advises the resumption diamond drill
work promising lodes which in his opinion are
further investigation President Gay
the report that inquiries for the purchase the tim
the company's lands quite
this timber could effected which would prob.
bly, iquidate the present Indebtedness Should future
conditions justify it will be necessary make
all stockholders exploration work.
SOUTH LAKE
Directors Lake yesterday announced an
assessment 50 per payable June signi.
des the intention of the company Immediately resume
operations the property. The regarded
bull argument the stock for intmated
ago President holds almost
of a $4,000 shares his willingness
to call of 50 share is the best evidence of his
confidence the ultimate successful development
property.
The assessment just called by South Lake will provide
$4,000 of which $4,000 will Iqudate the in
debtedness standing against company The remain
ing $4,000 will be sufficient it Is believed sink
and dominstrae to degree just what may expected
from the property. There 10000 Lake
unssued and this be utilized later provide
additional funds as desired.
South Lake of the valuable properties
this district yet undeveloped drilling about
year disclosed remarkably rich cores
1t is well to recall extract from the 1911 annual
South Lake which reads follows which best
explains the possibilities of this property:
"The Developments had the adjacent Lake Al
somah properties during the strongly
hypothesis of the companys consulting geoogs that the
rich amygdaloid beds proven your prop
erty conformable with the beds property;
your directors believe westerly
continuation of the rich Lake lode that
in making as good as those
Of that company"
SUPERIOR g. BOSTON
Despite reports TO the contrary there necessity
whatever of Superior requiring additional hnanc.
in the immediate future. In fact IL metal prices now