The Calumet news., 1912-06-10
SUPERIOR And BOSTON Will INCREASE ITS
SHIPMENTS TO old DOMINION SMFLTFR
Gr,
Shaft Will be Reopened Wnze Started -
Shaft n


/
decided to resume operations at the Limestone at
This shaft little feet and on the third
level promising ore body was opened for over 100
| feet No stopped this level but assays
average better than GO There good hoist
this shaft and the railroad passes within IT,
that IL win be only hoist the from UNDER
ground and dump waiting a the siding
this purpose. The shaft of y compartments Work
discontinued when the large McGaw SHAFT
thought the Limestone property could
be developed through the McGaw workings
1t is also proposed extend the third
level OF the Limestone shaft under QUO vadis Ill., and this
| exploratory work will with interest
Later the Gardner property will reopened ore
shipped from this point on the fourth level 1t will be
remembered commercial disclosed although
was shipped The also opened in the tunnel
the Gardner property. safe that the
will be found in place the the fourth
level. a distance about feet, which now be
available for stoping.
winze been started the twelfth level of the
Mcaw shaft the body which encountered sew
eral months The management proposes explore
this body by OF the winze and ascertain II
1t is of primary secondary nature. This
chalcopyrite and OF a commercial grade. Except the
sinking this winze. work McGaw shaft
fined has driven between 800
the shaft toward the Old Dominion vein
Important developments this momentarly
peced.
AT the present time. Superior is shipping an
average of about 40 OF daily but this will be
increased before the month is it will take only
get the Limestone commission.
With copper at l7k cents pound, the management Is
confident that it will be able do better than suf
hcient shipments pay development costs.
and probably add small surplus Superior
Boston is expendng at the of from $4,000
as is a he
present time outhoritavely that win
be necessity for the for FUNDS from its
shareholders during the present The future
icy wll of course. be governed entirely by
veopments during the of the next few months.
ARIZONA COMMERCIAL
More aggressive operations to undertaken at
Arizona Commercial property. and this probably
caused the strength in the stock Work will confined
almost entirely the Copper Hill property. although It
is possible that arrangement may made with Superior
Boston whereby the latter company will develop the
property tributary the Eureka shaft
Negotiations completed whereby electric pow
er will be provided the Hin property by OLD
Dominion company.
The delays which made it necessary to discontinue
development of operations the Arizona Commercial
property have all been overcome, and the formal
transfer of the assets of the old the company will
be made in the future and certificates of the
new company will be issued early in July.
NEVADA DOUGLAS
There will probably be renewed interest in the Me-
vada Douglas property within very time This
company is capitalized for million shares, which
$4,000 have been issued. The company has also
standing 100000 in bonds. property located in
Yerington. Nevada. The company shipping from
which it is netting $4,000 month II estimated
IL has at least 100000 assaying 5HeS and
shipments are being made regularly Mason Valley
smelter Nevada Douglas owns a very valuable
gypsum property.
Interest at the present time is being centered in the
development of the depth
satisfactory, the stock promises very active.
Duncan Macvichie is managing company.
CALUMET ARIZONA.
Directors of Calumet Arizona met i'm Chicago Monday
and declared the quarterly of ST. payable June
cath TO stockholders 7th dividend was
unchanged and this somewphat disappointment
to many shareholders However Calumet Arizona
building large surplus with which it viii pay for the
new smelling plant in the construction In
addition. Is going to add it's property holdings which
will require further outlay, the directors de-
cided that change in the dividend would be made az
this time We reliably informed however that three
months hence when meeting is held the dis
bursement will be Increased probably $3.50 per share
with copper selling at 171s cents a pound Calumet &
Arizona easily show earnings at least 81 per
share quarterly. 5
During the month of May the company produced e2i.
tons blister copper ,
EAST BUTTE :
East Butte in the year ending March slst showed net
earnings of s25e6iS During period covered by tho
annual report just issued company produced
pounds of copper which received an average prce
g 1921 cents The production was s4s cents pe
pound.
Commenting deveopm during the year President
iross in part gives the following information: c