The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1913-10-23
MINING NEWS AND STOCK QUOTATIONS

new proven areas and extensions IN
old operating areas than Il ever be-
fore contemplated. In both hleh Grade
sulphldes and oxides there have been
notable additions made In resources
during the present year with tho be-
lief justified that there will grow from
that which has been done in research
far greater things than are now con-
iemplated But not only is c & \.
backed by greatly Increased wealth on
its lower levels H. the district. Il has
"a well he right 10 consider that Con-
ner Queen Sacramento hill operations
have proven up a very considerable
area OF adjoining c. & \. lands as
containing near the surface low grade
ores susceptible IN highly profitable
mining. These lands NAV some day
come under steam shovel operations
and n they 90 viii probably produce
the HIGHEST grade copper ore mined by
hat process anywhere n tho coup-
try. for there are both concentrating
and direct smelling ores developed. In
thc meantime there IS no question but
that the average copper tenor OF the
deuOs'ts will we'll warrant mining by
shaft methoFS With these things To
contemplate as we'll as possession O:
the Ajos properties, G.. < y. stock
holders certainly have the right -
consider themselves hjghly fortunate
and % view their holdings as afford
ing larger latitude and greater posi-
biltes. as well as cert7inties, than
ever before extended. Something Of
this may enter into the comparative
frmness displayed By &. x a. stock in
the face OF the general slump that has
prevailed the last week In all stocks.
SHsttuek & Arizona.
The directors az the SNattuck &
Arizona are 10 be here the first woeS
in ncxt month. Before leaving they
WIN holl a ,oimal meeting and arc cX-
nected to take action on The mex, ajvt-
aend disbursement. Mary stoekhold-
trs are looking for increase from the
present rate Of 50 cents quarterly 10
- cents j may be made. but this is
considered questionable here. The
company has the money and could
make the advance IL il desired. but IN
rIcw Of tho well known policy OF con-
.eryH.iou which has the surplus ac-
count pretty constantly In mind, IL is
.uubtgd whether larger dividend rate
uiH Del entered upon until the incrcas-
20 shipments to smeltcr are we'll un-
cor way and an established fact Due
10 the longer time required than il was
&C hrst thought would be necessary %
rut Tho new stock BEL and the SAM
Ing mill IN commission az the Doug
as smelter, ShattucE has not yet been
BILE 20 raise is shipments above the
80 ton per day mark 1t IS now ex-
pected that the word 20 double up may
come any day The mine is ready
lyr II and has been for some time,
rs have also c. Il y. mines. which
are no less anxious TO increase output,
However IL viii be some little time
st'cr shipments are doubled before
there arc returns received an5 read
usrment 90 Tn. new earning level
really accompl she'd Also It is likely
that with tho .ncrcss .d output there
viii be some cutting down IN average
copper tenor o.. ore. Tor tie COMPANY
.s lsoly o. go in stronger on con-
serving ,s i.s very high grade bodies.
Th. t.rr dividend matter may there
Tore De- deferred for consideration by
~, directors 10 their December meet.
.Ce. At n. present time, figuring IL
cont couror Shattucl. is earning APP
rroXima;ely on its output Of $50 tons
Der aav - FER share. When its 500
ton a cay shipments commence maxi
ing ra.sIrs. its earuires arc likely 20
no in rr- rrigh5Orh0od q s. rcr snare
aAH;ugS made u fine showing In tn
sl1cf market during the tobogean OF
'ra wert holding u3 better than any
hing else IN The list. even though il
Gi1 eago OFF fnw points on a sub
'nut.al market rally & should readily
"oSs 500. and with any KIND Of fair
Hing thereafter FOR th. markets
should STAY above that figure il has
she merit.
HIGGINS Leasing Co.
William Sweeney, Tor some time
foreman in the oliver shaft If the c.
& 8. tomorrow takes charge of the
report. OF Gao Higgins Leasing co.
Is mine superintendent. Air. Swcc-
aey goes In on more ore program
The rock has not boon coming out
quito as fast as tho lcascrs wouia like.
Their. vil b., more men employed and
Mr. sweeney will 60 in To pick u
rowd That viii got the results. II isl
expected som" now records viii De-
Tade in getting away with ground
They are still getting very satisfac-
tory results from tho biz stopping urea
opened from the upraise from the drift
at while me ground in tho drift prop
o. locke right 10 produce the rich ma
ari1l found In tho adjoining Uncle
sam mine property Of the Conner
Queen. il has not yet done So They
..utinue 20 expect 10 run into tho
rich star with every round Of shots iu
r1' irid, trd IT does not srcm pos
sIaio that the uip strike they hnvc beer
after win hole OF much longer AM
.Yndltions are favorable 90 IL. as meas
red o. Uncle sam findings. Meantime
Doth ards are being made 10 meet