The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1912-10-14

In the treasury
eoLDFIELD CONSOLIDATED
Godheld Consolidated showed further weakness
that September operations in
net profit of only 100000 with August
ings of s2SOOO. September earnings at the rate
about IS cents share per year.
depletion of the high grade reserves earnings arr
dropping off They been handling practically tn,
tonnage, the capacity of the mill.
For comparison. in March, s1 25714 handled
which showed net profit OF ss462s3 with
months (Sepembe) tonnage 2s4s0 which showed earn
ings of only 100000
An official of the company conservatvey estimated tina
they had two years the the annua
report issued for the year ending 81 1911
AS the policy of the company retain a million dol
lar surplus and allowing years operations
at the of earnings the value would b.
approximately 81 including holdings other issues
railroad. mill and lands.
However, Godheld speculative possibilities ant
inendent during the past year they developed
new ore bodies the Grizzly workings and also
the Combination mine. Further. there is possibility
encounterng valuable bodies those worked OF
the Mohawk property there considerable percent
age Of unexpiored ground.
GREENE cANANEA-
Directors met Wednesday Of this week and declared
25c dividend payable November 3Oth RECORD
Nov. 18TH This places the stock on csc quarterly
basis The directors Consolidated also met and
declared Acc dividend payable November to- stock
of record November 18th
While Greene 1919 investment on the pres
ent selling price 1t is not likely any exceptiona
speculative possibilities until the capitaza-
ton is reduced. quite frequently during the past six
months have been circulated the capitalization
VI be from IN q shar
though yet official action has been taken
Earnings considerably in Of the present
dividend requirements and undoubtedly than 81
yer share be expected in 1918
Greene Cananeas production for the month of Septem-
her 100000 pounds of 1095s of silver
and $50 of gold falling $4,000 pounds
copper compared with August
NORTH BUTTE
This a of coppers the past week,
selling $39 excellent reports from the property
us c"nrnred with It's closing a week Of So
rhc nerlh the 2svO level passed through
fifteen foot vein. 81. which il reported will
average iCe5. and samples entire f1"S
show valves Of to 1917.
No official made and Just what vein
his is is problematiea However Butte advices state
hat the the Edith May Jessie.
Is identity to the present time is unknown Whatever
vein it may be- is of great Importance to the future
# North Butte and fact all properties in that locality
AS have previous of this weekly
North Butte earning the time about $3.50
share. Were for thhN weakness in the balance of
he list il quite likely this would have passed $40
the buying of 1t exceptionally good calbre
MINING NOTES
Honger expected enter the dividend paying list
he first of the year
Kerr Lake declared quarterly dividend of 25 cents per
payable Dec. 18th to stock of record Nov. SOth
Utahs strike situation is clearing small force of men
back work, and IL il is found protection be given
hem, the force viii be gradually Increased
Amagamated directors scheduled to meet next
Thursday for dividend action. increase $3.50 sc
expected
Utah Consolidated yet has not made any announce
regarding disbursements of dividends for the last
slf of this year Six months ago, the dividend an
ounced the I'd of the month
Superior continues be inactive. Developments frof
TO- shaft are anxousy awaited. II the West lode Is
ound rich No shaft at No. Il Is the general
rnion SIS will look cheap Tor this issue
DALI West quarterly dividend of Is cent, pay
BILE 2sth OF record Oct 18th This compares
th 80 cents paid three months ago. While DAILY West
considerable virgin territory the present reserves
70 being depleted and values falling of