The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1912-04-08

Al the time. shipping little
soc tons of rock daily to it's MILL from which extrac-
ton OF a trie pounds refined copper ia
i obtained
II The company is I'm financing and tho
plan outlined for the sale OF portion its holdings would
Il provide all the capital necessary
i VICTORIA
i Victoria IL shaping its operations that the next
few months increased obtained. New rolls
viii be installed in the min, making possible handle
i very close per day than at the
present time The produced 1o5 mineral
In March, record breaker for the property monthly
at the time close $4,000 net
earnings period mentioned approximately
CO., the of $4,000 per an increased
production. is hoped bring earnings above $780,
| 600 per year m copper.
The ground tributary improving pt I'm,
sensational developments been in the 22a leve,
OF No. shaft where there feet OF drifting Thu
vein has shown excellent with feet partic
uarly rich There has very good buying Of Vic
| tcra during the past week.
SOUTHWESTERN MIAMI
The church drill at No commercial ore a
depth Of 4s5 feet and reports was stn in
the character of This development several
hundred earlier expected the announcement
| caused a point advance in the stock
Drilling in No. hole has been ono of n
commercial grade disclosed by drill the future of the
property is very bright.
The present campaign of drilling
even more aggressivey than past for the company
has ample funds which carry on this line of work
The stock has been we'll bought particularly the Iron
Country locally
Assays Of the ore obtained in Hole No. have been
received from the property The the
ore up to depth OF 1855 feet although 1910
feet and in ore the copper contents running high as 2
per cent Al depth of $40 No hole in ore is being
cased Two more outfits should be in ground in few
| OF four drills ha
western Miami in development operations
MIAMI
Tn initial dividend Of fifty share declared
this week by Miami directors payable May 1st to stock
holders of record May 18TH dividends in the future
will probably be paid quarterly.
Miami is producing copper at the rate of a trae
better than aO.oooooO tons a cost of a
trihe than eight pound with copper selling
at fifteen cents dividends fifty cents quart
ery can be maintained without difficulty quite
likely that some slight notifications in the method
ing may be necessary at the Miami property but other
than this developments are fully expectations
ARIZONA COMMERCIAL
The reorganization committee OF Arizona Commercial
mas succeeded in obtaining all hut $500
standing 100000 bonds the company SO that the
carry adjustment OF the new corpanys affairs ex
peced Followed by the resumption OF active mining opera
lions Inc committee purchased 20 from eastern
syndicate $4,000 bonds already has deposited over
the new company to be known Arizona Comrnei-
ea Mining will organized at once with can't
tazauon OF 100000 shares par value of S. of which
-oooo shares will be Issued 10000 under option
at 80 per share New certificates probably be issued
within the or three weeks
PRESIDENT smith recently visited property and expects
~ % aoe 10 nave considerable force developing the
copper i tract Immediately after the legal details are
completed The Copper shaft has been ren,ered 70
depth Of $50 feet concrete work started For tina
present the company will any work in its Eureka
shaft
MINING NOTES
East Butte is being well bought higher
Franklin in March produced 17s tons o., pIrcro, Al.
arsest output reported for several years
Net earnings Goldfeld Consolidated for rebr,r, mara
iS726l Net earnings for January were s471 1ao
Ahineek sold for 1900 this week the b,,bes+ r;
ver recorded for this issue Earnings warrant m r,hor
ADVANCE.
I" Is understood that La Sale resume operations
'housh Tor the present they will carried on in limited
ort of way
IL Is understood that the recent buying OF Ca,me Ari
ona which advanced the price to s75 a share emana,1
irgely from Pittsburg
nuana is centering activity in sinking its shaft TO reach
" Ne'y promising lode disclosed in No. drill hole Tho
mart is now over 700 feet deep
The product from the Calumet g. .rvo,. .o,... =.
'Arch amounted to Ae52,ooO pounds against 44s2ooo
ounds in February
Amazon Montana shareholders are to no ,i,,er on on
ortuniy to become interested in new companv Known
'he Florence Mining company upon payment of fifty
"~ PEI snare The company's old property is to be
Dandoned.
ne ADVANCE in Mayhower and Colony this week was
u uue 10 any important property Developments The
was que largely to manipulation and increased