The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1912-10-22


During past year the jacobson management
| about 100000 worth of has shipped.
present regular shipments of daily
being made which told running around $50 to
500 per
According to the report they
tracing blocked by extending
which will bring them 900 deeper present
workings estimated would be $4,000 tons
| donal This will about So per
Besides that present being worked the
property is crossed by three assures, which will de-
,eloped The present stock
is around so to So cents which is advance in
| the past fortnight
| HoMEsTAkE-
| Very little information is obtainable on Homestake
However peculiar mining stock paying ONLY
Sc per share is selling $780, with practically
ferings in the market This in estimation indicates
an increase in dividends early date a melon
ting. In quarters. it is argued that the earnings of
this have been much greater in reality has
been shown in the annual Owing the
laws South Dakota regards
ngs have been less hidden Further that the in
stallaton of the hydro electrical plant which
completed April has operating
terially.
This electric plant which approximately $1OO0,OO0
has paid out earnings and carried
Likewise other additions equipment have been
1t requires approximately 100000 annually
to keep 1000 stamps supplied mills
I which they working. than a years is
broken in advance, according official statement Begin
ming the 1872 they had sSSoOO tons broken under
| ground remaining the slopes Supt Grier also
| stated in his last annual report that enough was
blocked supply them capacity for twenty
Unofficial however have made the effect
that will this time before the present
ore has been depleted.
The dividend Homestake be compared only
with the Quincy in the Lake Superior dis
trict paid dividends continuously since 1879 with
the exception of eight months in 1907 owing to fire at
the mine and three by labor diff
fculties
IS a regular Homestake to pay monthly
dividend the goth, and
the this months disbursement is anxious
y awaited owing to the expected increase.
While this company is low grade proposition, the ore
from 1926 in 1908 to $3.50 in 1901 from all
we gather it has a promising future.
NORTH BUTTE EXTENSION
meeting of the stockholders of the North Butte Ex
tension Development held in Portland Maine,
this for the purpose of eecting directors
given this meeting that Butte & Superior
quite fully up part made
early with the North Butte Extension company.
AS the North Butte Extension company
outright claim, the Black Crow frac-
onal claim of 2 and eleven sixteenth interest in
the with two millsites
Butte Superior has liqudaed a number of the EN-
tension debts and developing its overman claim, by
driving a the Butte & Superior property to-
ward the shaft. The Butte Superior company
owns 100000 approximate issue 100000
shares
MAYFLowER & OLD COLONY
the course of days 1t may be
| few hefor there SHOULD he in
terestng developments Mayhowers No drill hole
l which is at present down about down
200
Old Colony approaching depth of 500 feet
and No 10 which started only short while is
down feet
No is hole Colony should show the results
There considerable activity developed in old
Colony past days, which is indication OF
enc OF past periodical advances.
KERR LAKE
While President Lewisohn in the annual report
that the sufficient last
the rate of production Manager Liver
more estimates that the Sept l. 1912 was
esoosi ounces of silver or equivalent nearly
years production a made last year.
Further. seem by the Managers REPORT thai
there great possibilities of developing other veins and
there always that the veins
will develop into some rich shoots of silver
4 For the year ending August Sst. received
for its product OF
silver compared present prices of better than
sixty -four This alone from last years
additional earnings of IL cents share
or so present market value OF the stock To
date company dsbursed to stockholders sS200Oo
or $500 per including the last dividend which
declared oct sth payable December
November 30th.
Besides the present the assets of the com
pnny comprise OF wettlaufer and 100000