The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1913-09-20
Continued From Second Page.

Continued From Second Page
reqt red pay the dividend established the last
needing twenty five quarterly The September
earnings expected show stn further falling off
as the value of the being miled only about
$3.50 per
Those wishing participate In the quarterly dlsbursc
ment OF this company have ample time to do for the
dividend OF twenty-five payable October o
stock record September is lowest dis
hu"sement by this company January 2 1909 when
at that time twenty-five then
five dividends of thirtyhyc thirteen dvi
dends Of forty cents each nave been paid. In all thirty
three dividends have paid by company. making
the total disbursement share including this
one declared. total 11lOOoOO In addition to this
the retired preferred stock together
| with the interest amounted o S3SOOOO.
No announcements forthcoming in regards to the
acquisition of territory by this company latter
news will be welcomed by stockholders win an
extension Of the companys present short
ToNoPAH MERGER
For the month August gross output Of this com
rany amounted to approximately $4,000
Quoting all costs for operating and treating the the
net proceeds about 900.
Had Stopping conducted on a larger scale the net
profit per As it was, the ore
came principally from development work the object of the
management apparently being block out large ton
next
TIA" ore body being developed the Zoo level has
been proven up a length feet and now
shows the vein from eight feet wide with an
average value of $4,000 This shoot has peen
proven for depth of
MONTANA ToNoPAH-
This company unlike tho producing companies of
this district monthly statement Of net
earnings, but given understand profit
for the month Of August viii show considerable in
crease the June ana July This prin
apaly to the fact that the total shipments consid
eraby higher than during the previous months; also
increase the value u the ore.
NORTH STAR
This company few months ago only considered
prospect, and during month estimated net
earnings of the company in of 100000. ~
this rate the annual earnings equal to about one
third ht market value of the stock. The mine
is in Its infancy and offers possibilities from spec
ulave standpoint There wide for the shares
of this company and Notwithstanding considerable
ruations these earnings would Justify the
ent market price of the stock.
WEST END CONSOLIDATED
This is of the coming properties of the Tonopah
district is evidenced remarkable showing for
highest September
The August profit amounted o $57.O44 handling
Ais tons showing profit of $l3S6 ton, better
than other mine operating in the Tonopah district
Most of the mied during past was obtained
principally from development below the
500 foot level i'm the workings
this OF earnings maintained it means prof
its of better than thirty per share on the
i7Ss,OOO shares outstanding.
The reports Halifax property, the controlling
interest Of which is owned by West End, very pleas
ing both stockholders. The Belmont this
of which the eastern extension only IS being worked
indicates that it will make Halifax of the prolific
producers of the district of the work is being done
the OoO-foo level which point the shaft passed
through a body of low At that time aten
ton was given to this body shaft sinking was
continued the l4OO level Recently drifting com
nenced 1,OOO-foot shown
very good ore. the feet the al
this shows values OF SO so per At point
about shaft "a encoun
tered Drifting both
the and hanging walls showed values of from, SIS
to SIS per
Shipments totalling a month bens
made the old Belmont mill. These shipments will
probably be increased the openings
NORTH BUTTE
Directors of this company met yesterday declared
regular quarterly dividend fifty The div
dend payable October o October
Up this writing official statements have been
made % plans acquisition of the territory
though announcement is expected at any time
1t Rainbow will be taken by North
Quite Undoubtedly all the property acquired will
be paid for in stock, and unlikely there will bel
any stockholders participation in the stock issue
The equipment the Granite Mountain shaft has been
ordered prompt delivery likely
that portions Of this equipment will be under
ton October has elapsed. The hoist
and the electrical appliances necessary win cost i'm the