The Calumet news., 1912-06-01

"copper" the prospects favorable developments arc
well worthy OF consideration
with the additional milling facilities provided bv Tho
new sampmill ARRANGEMENTS with Tamaracx Isle Royos
can bring its production 900 and n ma
pounds This Increased production ,yoo,,
necessarily reduce about IA cents per nouna
l favorable decision Injunction proceedings non
being considered would sharp advance in Is,o
Royales stock and sas freely predicted for
'In
| FRANKLIN 80. s.-Gi q
Franklin is gradually increasing its production and he
fore the close of the ouputtng double
| the amount Of that is coming from its mill
! Additional men being the mine and making
| 1t possible to gradually increase rock shipments
The shaft has been sunk ana crosscuts
are being extended on the ssd Level the Drift
ing from the ESD to the aga in ground OF
a uniform grade II is that May production
win show increase 10000 pounds of mineral
Before the close OF the shipments will be in
creased TO 1900 tons which win give Franklin an
! output of about 100000 pounds refined copper
We assured from that Frank
lin VIII not require further funds shareholders
The company even on its present limited production is
earning money, and IL is obvious with an in
creased output earnings will materially bettered
| No decision has yet been reached concerning the
Franklin lands Sandstone but negota-
tions with neiglbor-
Ing lands for the organization of company is
expected that of sub
ject will be made in the very future.
OLD DOMINION TRUST RECEIPTS
The decision handed by States Supreme
Court in the Old Dominion -Bigeow favorable to
the Old Dominion company a sharp advance
III Old Dominion Trust Receipts which a considerable
number held in this district The receipts advanced
from $3.50 to SO per share and ST.
The decision is far reaching and
ascerained offers appeal and little
hearing There outstanding 10000 shares receipts
which will divide the of the judgement.
n $4,000 900. giving the trust re-
cepts liquidation value of close However
will be the necessary long
costs be charged and also possibility
hitch in the final distribution the money involved
accounts for the difference in the existing quotations
the receipts the probable liquidation value.
EAST BUTTE
The annual report of the Mining company
be issued early this During period be
cred by this the produced approximately
l3,OoOOOO pounds of copper
about 10000 OF gold.
The report will the year ending March 91st The
cost of producing copper will averaged
close to nine copper delivered in New
York. This would indicate earnings of very
s45OOOO the company doing considerable
construction and remodeling smelling plant
that its capacity will be increased This construction
work will be paid substantial balance for
surplus.
It is possible that before present year.
East Butte may issue additional stock to take OF
notes which were issued when the Pittsmont property
acquired There continues good buying in
East Butte all weak spots with any renewed i'm
terest in shares the easily $l5
CALUMET ARIZONA
Calumet & Arizona directors in Chicago Mon.
day to take action the quarterly dividend There is
decided difference of opinion existing concerning the
amount that will be quarter action of tho
stock would indicate increase though several of the
directors have being favor of
ttude is based the fact that because the company
compelled to outlay large amount for its new
smeer. conservative policy would recommend the main
of the old rate
The company Is easily earning amount sufficient to
pay dividend of s5o but in the that increase
Is decided do look than $i.25 per
share.
1t is reported that Calumet Arizona has option on
new property which II is about exercise which will
call for the ultimate almost 100000, but no
confirmation of this obtainabe
BUTTE ALEX SCOTT
President N. Hugo of Butte Alex Scott returned
to Duluth from visit to the property and is much
pleased with the developments mine Drec-
tors of the company will probably 2oh to take
action initial dividend possibly be at the
rate OF fifty quarterly. The company easily
maintain this rate its present with copper SELL
ing anywhere above ls cents pound and In addition ado
to It's surplus
In commenting property President Hugo in part
gives the following information:
The Butte Alex mine shipping steadily at the
of than per what is perhaps
Of Importance and interest is the fact that