The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1913-03-22
GREENE CANANEAS 1912 EARNINGS SHOW INCREASE;
IMPROVED EQUIPMENT HELPS ANACONDA CUT COSTS
Report Weeks Will Show
Has Profits Although Higher
opment Work. a IN Mnnear
andC

reported James $ Douglas of Prof Doug
las president Phelps Dodge Co, has accepted a posi-
ton as general OF this property IL is further
ntimated that Kingdom at present mining super
the Old Dominion will also become associated
Greene cananea company in the near future Dr.
L. will continue consulting engineer of the
company.
The annual report be mailed stockholders within
weeks. and It is expected TO show slight
increase in the production tribe 10
per pound. The for the year 1911 9S4 cents
pound The production for the past 4SSiS.
pounds and assuming that this product sold al
per pound which slightly under the average
1912, the earnings would be s29O0.0O0 approx
imaely $l2O per share 100000 outstand
ing While production year 1912 is 3,45lOOo
pounds greater 1911. is expected to
round figures of si,6OOOoO This large
increase earnings with the slight increase in produc>
the high price received for the
copper the price received in 1911 1856
per pound
If the production balance of the year contn-
ues at the same months. prod
year will he above 60 million pounds and
market Greene Cananea earn
this production will readily take of the SlOo
annual dividend comfortable for the
plus
a that is paying 12iA cent the invest
ment selling low 1912, Greene
Cananea exceptional opportunities.
DAILY JUDGE
The dividend Of Is cents during the past
reduction Is from the previous dividend
paid the first three quarters or 1872 This
quarters payable April l stock of record
March
The annual report just year ending Dec
81 1912 shows an $4,000 balance
even after paying s225 10000 dividends The
handled increased slightly. $3.50
being handled General Lambournc states 97Si
development accomplished In the past
year. which driven since Sept list Under
the contract system now In vogue approximately twice
the footage is driven in given time with increased
cost The company large unexpored territory which
very promising the rapid which develop
being prosecuted. in the
lie expected during the year 1918.
The product comprises silver, gold lead zinc and
per- which is produced cost of $65S ton i'm
GLIDING development work The gross OF the
mined year a little better than s11.5o
per tom
The company started out the year 1913 Oh
hand s524.47SOO.
LA SALE
Work this property progressing rapidly pos.
sblc. Unwaterng shaft is practically completed
! However will take to four to remove
all the from No. / shaft
No mining is being done, the small force is
gagged in cleaning the old workings which found
to he in very good condition.
yet, evidence of arranging for railroad
facilities No shaft although undoubtedly spur will
run weather makes IL possible do this
class of work No. I shaft has railroad facilities
spur put there when the last operated
present of expenditures La Sale should have
treasury very nearly 100000 when production is
according to the annual statement which was
issued they had in the treasury the
first of the year. $2i0.695.00
GoLpFELD CONSOLIDATED
This continues strong and fairly active The
earnings the month of February have been
placed sS4SoOooo January sS27OOooo
With u very slight this rate. GoIdfeld
get back former dividend disbursements thirty
grade Slopes would reduce these earnings materially
shipments about 1000 daily and further
that the being depleted rapidly
However there is always that chance of developing
bodies and the lower levels opening up veins
carrying considerable one hundred and twenty
Of this is being shipped daily ore
Purchasing company oioldhed milling equipment
is unsucd the successful treatment o this grade
body showing values per ton bo-
ing mined the sOOfoot level of tho Lasuna shaft
Clermont mine is shipping considerable which is
| averaging $4,000 per ton
eiRoux-
According eastern advces, Giroux producing
about 1900 of daily. which excess of the
maximum contract with Tho steptoe Smelling company
The Is ideal for concentration which
ton of 70 per cent Is being made. The past
has averaging slightly less than per
| copper. which is little lower than usual.