The Calumet news., 1912-08-31

ever was placed in escrow for a period OF one year
Calumet Sonora making money the present time.
and with production should stockholders
good. returns the present selling price.
ToNoPAH BELMONT
Considerable apprehension felt in regards to the
Tonopah Belmont quarterly disbursement The divi-
dend declared May a. 1912 we told that
there also meeting August Goth which would
the regular time for declaring However
dividend declared and announcements made in
CARDS to IT.
The net earnings for July s114Os1 from
1O415 tons of miled This shows a
previous months sll4ss This falling off was
due TO lower grade of being treated the
pah mill early part Of month and August
be in the neighborhood s25OOO equivalent
81 ser the 100000 shares outstanding
Earnings expected to be increased In the last quart
er Of the the the min will gradually
raised until the maximum capacity the plant
BUTTE ALEX SCOTT
report earnings for that month of sl2l57
This makes the earnings August lst
Ss17ss. The total production August a little
pounds and 275O ounces of silver besides
some gold values
The for July owing development
work and the falling off in the values, up
trihe IL compared with the low mark OF
approximately rs April The average
year, however, should be under 10
Thefe Is every 20 believe that the earnings
this will better than 50 per share.
the earnings for the four
at the rate of better than s275 per share.
While Butte Alex is very small property is very
rich, and it should be remembered Minnie Heay
with fraction three located Hill
sold ss.OOOOoO
COPPER RANGE
In response a question. wired yesterday
that Copper Range is earning eh per
present time and that small increase in dividend is
looked for the coming quarterly disbursement The
ing dividend be held sometimes next
week.
1t is generally understood that there has been
provement in the showing the lower This how
ever. win be offset less by the increase
and the outlay for the improved milling facilities which
being installed.
The surplus depleted to point that demanded im
mediate retrenchment in dividends since then
the oxerting in getting
back to conservative basis. This is likely
the material coming quarterly
dividend
on 17A cent basis Cor metal figuring
years production estimate that Copper is
ing $50 share the present However, should
remembered metal only little above fifteen
cents for the first months year. copper
holds its the of the year.
nua should approximately s475 earnings
for 1912. 1t is ntimated by people posi-
ton to know that they expect this years
production
LAKE COPPER
Notwithstanding the that development this
has been improving well continued
suits from the mill, this any
particular attention marketwise 1t sold high ss4h
in 1910 when its nearly great
now.
We get from good authority that the returns from
he m mas harr bet-
ter than pounds mineral shipments
daily. They prosecuting the attn
level the up this lode the
5th levels. 1t lies $50 to
&C the Lake and while just rich IL nearly
wide running only from to feet in width Three thou
feet openings o lode. it
has proven that It is a valuable
originally opened Sd level depth it
did not show high values.
been very activity in
However, would with openings and
the richness the rock
ketwise
Shipments of rock 10 the mill the past few weeks
been showing a slight increase. expect
further increased When figured Lake paying all
expenses this production IT be readily that
with shipments Increased or daily.
it will allow for a big margin build up a surplus
MARKET AND MINING NOTES
Ohio Copper companys production from July $780,
600 pounds, which was made a profit sS4.eOO.
Mr. f. r. Jones' formerly connected with the Ahmeek.
has accepted a position to supt Walker at
the Mass.
North Butte is acting II II would sell higher Mr..
Cody of Boston office wired us today that 1t will be
higher before long,
Calumet Heca. according the rate of
quarterly dividend. its selling price shows
of approximately go.