The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1913-06-07
MOHAWK


MOHAWK
Hosting commenced ago Friday NJ " .
shaft only limited way as a small hoIs,in 49,
CINE viii do duty for time Till such n time 30
larger is completed So far only poor rock is bo,
hosed and that is used in filling the bottom Of ,h
circular bin at the rockhouse.
AS the shortage of labor is relieved rock sn,
from 200 daily will be made from, mn,
shaft Additional Stopping to be deyeI
ed and sinking will be resumed early date III.
possible.
Mohawk directors viii probably meet the latter MARI -
this month To take action the dividend There is con-
siderable speculation rs to what will he noid
While the disbursement six months ago $500 that
amount is not generally expected NJ this time ana il 10
quite possible that only $500 will paid The constrr
tion item has been large again the labor differ
this property has somewhat curtaiod production
According To last years which a tribe over
lo'a cents Mohawk a lucent metal market vonld h
earning about $500 per share yearly.
AS No. shaft working to capacity earninos
should increase this IL the richest part OF Mohawk tract
GREENE cANANEA-
This has not been exception the general ten
Gcncy of prices the week While the announcement
81 reduction of the capitalization was avoriby re
ceved il sufficient prevent the declining
in sympathy with the general list
While the proposal will be acted upon until IN.
IL.
practically certain that it Yin be While hi.
change has been contemplated for time heretofore
The Minnesota which the com.
pauy is organized, would permit change But an
recently passed by IN" Legislature change
by the approval Of nfy per of the Stockholders.
According the best informant ion obtanablc this COM
pany is working To about fifty per capacity
and while the insurrection times under
control in sonora, it breaks afresh places THIS
disadvantages
The annual report of the Greene Cons, which con.
troed by the Cananea issued 1t shows
production oi io9660lS pounds for the year ending
81 1872 The gross operating profits of the
S!,2SO79S after charging OIL l52OOO The
average price received for the sold
IL pound with cost deductins the
precious metal values, OF 1881 per pound.
During tie year "a lower grade handed which
made possible by the price copper
There total of 1900 development worl, ev-
tended during the past year. comprises
shaft sinking.
Greene Cananea 95i.S5 81 loooOoo
shares capitalization of Greene Cons one thousand
hundred ana shares being exchanged
the past year The receipts Greene Cananca were
$2o92,o25 being dividends paid ny subsidiaries
which s1S1ss77 dsbursed its stockholders Greene
Cananea being holding company only s not necessary
for them to large cash balance.
Greene canonea annual report shows that Greene con-
solidated net earnings s22sO7sS while that of
Pedro amounted to $33oOoo. This is
per sha" for Greene Cananea stock dividends
paid per share.
GoLOFiELD CONSOLIDATED
AT the adjourned nice ting of the directors company
which was held in san Francisco Thursday quarterly
dividend disbursement passed 1t Is quite evident
that the management proposes place this
scm-annua dividend basis
While the official returns Of operations for May
available it is expected that they will
over those for April filing of Slopes allowing
the freer extraction Of ore is about completed the
tonnage is now nearly normal
oNToNAooN COUNTY ISSUES
Lake. Indiana, Algomah South Lake North Lake and
bohemia hay" all been linked together less o.
late hut rtmors of consolidation some Of be-
coming very persistent
tn" action of securities in this very
low market is To the disapponting Lake
FER which sold at ga, and that the biggest
Lake superior proposition sold down yesterday $500
per share and apparently without friend While some
OF these companies pretty fixed financially there
are others in the hat decidedly up against
foi funds with little likelihood o raising any in this
market
Another riddle that stockholders would like hlv"
solved is VIII" did the underwriting the recent issue OF
south Lake stock Some reports say interests
way np in the copper world however action of the stock
would net indicate it, for Il 1t all That would be
Necessary to sustain price would be the
II something is not brewing in regards 20 an amagama
n "l some of these properties high time that some
81 the arrangements made official announcement in re-
CARDS To the past future.
The Lake meeting is To be held June 49, and II y
hoped that something will materalize them Lake IS pro-
uuchS at the present abou 20 tons per month
ADVENTURE