The Calumet news., 1912-07-27
RAPID PROGRESS BEING MADE WITH CONSTRUCTION
OF new SHELTER FOR THE CALUMET & ARIZONA co.
Early 1913 Butte
& O Big the Past Week
CsY J. A. MINNEAR & co..

Excellent progress is being made with the construc-
tlon the smeer for Calumet & Arizona Accord
ing to the original plans the plant by
August 1913, but at the is being
shipments of steel received Douglass the smeter viii
ready for blowing early The being
the new plant does in least Interfere with
operations at the old smeer. When completed the
smelter will be able to handle not only win
result in considerable saving
Private reports recently received from Bisbee indicate
developments at the Calumet Arizona property
particular is the territory tributary to the
Briggs disclosing substantial bodies It win
remembered in the days when the socaed Bonanza
properties being separately Calumet
Pittsburg, which owned the Briggs shaft always
highly by Capt Hoatson, and his Judge
men now being by the nattering develop
ments at this property.
The Junction is the richest at the present
time Of the Calumet & Arizona group. The body
which was encountered the 1900 level
depth and richness several hundred feet below
the 15OO level the Briggs ana Junction shafts
minerazed is extensive ana will provide years or
sopng ground for Calumet & Arizona The Hoatson
shaft is Of the most prolific shippers Of
ore o the Calumet & Arizona smelter.
The next meeting will held about August
Il when action quarterly dividend viii probably
taken Already there have many conjectures as
the that will be paid in September As far az
earnings are substantial increase could be
made in the dividend When the directors will have pre-
the statement Of earnings for the quarter
1t will a production for the three months OF about
f. 500 900 pounds of copper Assuming the per
pound will be unchanged from the average which main-
ained copper will be produced for S4 cents
per pound assuming that in the three months
Il pound is shown the net profit
per pound would be cents. the output of 12,-
pounds for the quarter would reach
81 800 the Of $4SSOOOO annually ON the
CPS 600 shares Arizona stock which partici-
pates in earnings just about $40
per share. rate the is now paying divi-
dends the new smetcr equipment be paid out Of
cess earnings Of "A single year.
Viewed from every angle quite expect
increase in the forthcoming dividend and venture tc
say that tho disbursement will fixed at $3.50 share
BUTTE g. LONDON
An advance a nominal market of about ten cents
per share ninety Butte London stock durnl
the past week has made this issue some thing o
a feature particularly the stock origin
ally sold in this district a $3.50 per share.
! The advance IN the stock due to various rumors
The one which most plausible indicates that th
control Of Butte < London has passed into the hands o
Butte Superior or the Cole-Ryan interests. In eithe
event reorganization found necessary the com
pany according to it's report had funds il
it's treasury except $500 reserved for taxes etc
Butte & London outright with no debts or bond
| l3 acres far distant from Butte Supero
and thought carry the extension of the veins whc
have latter property promising 1t is capi
talized for 100000 shares of value of 50 EACH
shaft was sunk depth of 11SO feet and crosscut
driven distances the 1OO level gave only In
different results. Work discontinued In 1908. Tn
demand for properties the northern section of the Butt
n,,ttc A. Topdou an
# appears quite certain that this property viii shortly
the scene of further exploratory operations As yet of
cials of Butte London made no statement on tn
subject