The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1913-09-27
Gossip Of Market and Mines by Minnear 4 Go.

being brought about both al me mhe anu MN Inc mann
hosting SHAFT "A VIII lac e'os'u down LOT pei'ou u
'"" months or more "h'ie making 'h'nse from ages
10 skps and insaln4 nc" erashers and conveying syS
tenn During this period limited amount oil hosuhg VIII
be done through the hns'om Shai"
The Improvement a. the ooh'eh'ia'or ana ''e Ouo'"s
81 Tue ne" mn ""'" '"iee" WIN ''''s 'i' e'l0t ~
ne part ~ 10 approximately lOoo tons ua'S' me he"
min IN course oil construction wiz De capable 81 Ha"''"S
"' tons o"'}' "h"' '''s' IMPROVEMENTS 0''"'" P'O
uuc'"" Tor inc u"' o''nS' '' ultimate o'''o''e W." ~
greater eihciehcS ana lower 'os's'
The for the year 1919 Is expected TO sho" an IN
crease considerable OF the extraordinary construction
cost VIII be charged direct to the cost oil production
So far this year IN" average monthly product oil TINS
is at The rate of about 2ooooOoo pounds annual
~ aud figuring on "st wears costs OF 1854 cents per
pound the earnings would De equivalent 10 only nun
in excess Of soc per share ON Il cent metal ON 10
cent metal market which an average old Domn-
ION would re earning little $500 Per share
annually, a the presen. of disbursements.
After the contemplated Improvements have been conn.,
ic,ed the reduced materially 1t is Ger
tain physical condition Of the never
IN better shape tinn it is at the present time
CALUMET Bls8EE-
While no announcement las made stockholders
I'm general we get from sem-ofcial sources that
ceaI is pending for tho disposition property
Of the larger operating companies Bisbcc district.
II is rumorcI that - price has already the
claims owned by this company and calumet q
Arizona people are considering same It further in-
mated the price asked by the directors have this
matter in charge is higher than the price
stocbhoders by a Bsbee banker who undoubtedly in
turn was endealorng TO get control of property
IN, Copper Queen people
street gossip has il that the price asked Tor the
met 4 ns,ee etoup cr claims comprising little over
Gftv acres is in the ncghborhood of $4,000 This
IL, equivalent to about $1,000 per acre ard is very
company for the American Saginaw property taken
IL, then, a short while ago This deal was oonsummated
on i basis equal to about 50 400 per acre
r,. rho, ,,,1,,,ot & rs o.. nropertv is valuable there
! - ma ,es,i, and ,s we have e,iolsI, suggested We
would await deyeIorments before disposins Of this stock
, tho ric mid nv the Itsbee banker was equivalent to
! cu,, s4so 90 ner acre
NORTH STAR
=. ON rrnls Of litigation this issue displayed consider
able weakness the past week though according
ncal of the company it unwarranted. There
rc concerted effort ON tho part Of continually
dcpress these shares but as far as eond
tons AT the property warrant prise the stock.
The company was Incorporated apparently
ron assessable corporation and during
1910, Mr. zadg who President was influential in
bringing about reorganization of company and the
calling of an assessment three share Since
the first levied several others have been
i called Evidently dsgrundled stockholders who
reelected pay these assessments and lost his stock
thereby is looking ;or naw in the reorganization
papers With the expectations in the good showing at the
property hence the rumors for the litigation Presden.
Hadig that far he knows there no truth in
the report that suit has been started
RAY CONSOLIDATED
While rot good as preliminary estimates the August
output of this we'll Up with the average of
the monthly product SO far this year 1t also showed an
g