The Calumet news., 1912-05-25
New Openings are Of Splendid Character. F;r..
cial Position Of Company Strong. Notes Have
Been Retired, Resulting in Saving
Shares.
l0,iOO
4S,2O2
Shares Issued.
i"ilarack $4,000
White Pine, com. $500
White Pine, pref. 37a9

4S'2O2 White Pine com. $500
S.792 White Pine pref a7oo
Al 'ne present ume Quincy is shipping close to 4,oo
tons of rock daily to its mill This rock comes to.
shafts No. Z, q and running from south 10 rr,,
named No. shaft will bo big producer in time NM
as yet Is not in shape to contribute Qulncys prod
tIon This shaft viii probably do any shipping bof
the end of the present carly next year
While at the present time Quincy is develor,r
working only the Pewabic lode possibilities tba, a.
in the Hancock and other lodes above the Pa
wabic give to the stock great speculative value ana min
ultimately add years and years it's profitable existo.
With break only in 1866 and 1867 Quincy has paid dy,
dends every year since 1862
NEW ARcAplAN
Plans have been made for the sinking OF a new shat,
by New Arcadan. will be located in TERRITORY r
before explored except through the recent diamord d
borinss and gives promise disclosing some very ,n
ing information concerning this section Operations
in the new shaft will be Of Importance to proper,
neghboring New Arcadian. Diamond drilling Is also holm
done at the New Arcadan property the present time
No 25 hole is being drilled will furnish about nj
the data necessary to properly locate shaft Tho
company has about $4,000 treasury and it is beiev
that this will be sufficient provide for all the work 70
be done until almost the close the present year
CARMEN CONS. ,Kvgza
Operations will be resumed on the propert o.
Carmen Consolidated Several changes in the drectoo,
have been made and 1t is believed by this means tbo
board has been materially strengthened Carmen has in
erased Its capital stock by 100000 shares and arrange
ments have been made for the disposition of this new
stock. BY this additional funds will be obtained
and active campaign Of development work will be pos
sibe The property is which great possibilities
ments about year ago.
SOUTHWESTERN MIAMI
Four ohurn drills developing property OF South
western Miami. No, hole is being drilled Jointly by
Miami. Inspiration and Southwestern Miami,
ing in the cost OF this work it is prove these
companies close to the boundary lines.
Southwestern Miami hole No. 4 is being reamed and
promised early results. No. passed
through the everything conglomerate and in schlst
No. hole started May IA is today close feet
deep and in schis very favorable indication of ore
News of commercial any these holes now being
irilled viii cause good advance in the stock.
SOUTH LIVE OAK 7F
An advance of hundred per cent in South Live oak
stock this week due to the that
irst hole being drilled on this property at 495 feet
cached commercial values. First made
Thursday morning the buying quickly
owed The low capitalization of South Live Oak has
dded UNNECESSARILY the speculative interest in this is
Tue.
oscEoLA
The old Osceola mine is TO be reopened. Within the
ext few weeks limited operations will under at No
shaft of the Osceola branch and before the s
yer 1t is expected that No. shaft will be reopened and
10Th shafts will assist in increasing monthly osceoa
PRODUCTION No. shaft Kearsarge branch will be
losed down during the few weeks and the trans
erred to the old osccoa mine while repairs being made
nd new shaft and rock house built AT the North
Searsarge shaft For year the old Osceoa shafts
ave been given attention looking toward the present
Ian and No shaft is in excellent shape and No 8
haft can bo put in readiness In very short time.
QUINCY
Quincy directors announced quarterly dividend of $l21
er share payable June "a stockholders of record
lay 27 This is increase twenty cents over the
vidend declared three months Not since Septem-
er 1910 has Quincy paid dividend in of sO6 per
hare, the disbursement in the month above mentioned
ping s1.25
1t generally expected that Quincy would increase
dividend this quarter for the company was in excel
mt shape to show very substantial earnings with copper
'ing above sixteen cents per pound. Quincy Is now
Continued Page T.