The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1913-03-29


the and west trend. which is the direc-
ton taken by by the richest mines
in the Butte camp Previous work has been carried on
In veins having northwest and southeast strike The
only possible damper this good will be the ne
cessity of proving where the vein apexes
GREENE cANANEA-
The annual report the ending 1912 will not be
mailed stockholders until after the annual meeting which
will held in June.
PoRPHYRY PRODUCTIONS
The production Miami in February of LAOS tons was
the April, 1872 and with 466 in
January
Utah Copper produced in February 1910 tons
Nevada Consolidateds February production amounted
to 2.S99 tons.
2OO7
M'KiNLEY pARRAGH-
This low price Cobalt issue is worthy Of consideration
1t steadily developing at its main
erty according all and the Savage mine of the
company is one of the young mines of the camp.
The of increasing ;he capacity of the mill is being
rushed rapidly possible. and time during May
It is expected the will be in position to handle
24O daily They will then be able to handle more
the lower grade from the Savage property of which
! a large tonnage is blocked
Mckinley paying a the present the ten
cents quarterly. The dividend declared is payable
April L. to stock o March
BRITISH COLUMBIA
At adjourned meeting the directors held
the past week. decided pass the per quar-
terly dividend a time
After meeting by officials of the COM
pany the the fiscal year ending
December 1912, after charging all ordinary devel
opment the proprietary mine s4259s5 Dur
the period there paid Of new
properties and in exploration and development $2sas9
The has also under option several properties
upon which payments fail Que during the current fiscal
year. and the board of directors deemed it advisable
distribution of the dividend for the present and
| all available to the payments.
on regular operations British Columbia should produce
about 100000 pounds annually and costs are around
9la The last dividend Is cents paid jan
uary 49, total 80 paid in 1912 and rs cents
in 19ll
MOHAWK
The annual report this company published
past shows that after paying $35OOOO in
dividends there added the surplus during the
s3O6435. This the company surplus of sS9737
January /. 1913
There produced for the l995.59S pounds of
refined copper "A per pound
which the received average price of 1903
cents per pound.
The product a slight falling off compared
with the year 1911. and the cost pound higher
The recovery of 1922 pounds copper Per
Improvement the south of the property.
or that ground tributary No shaft. The discard
was I'LL per in 1911 9.2s per
cent Notwithstanding increase in the refined
yield per
WARREN
passing is attended the bidding up
of the stock in this to six dollars share Lat
est advices the camp a
the 13OOfoot level body of the Briggs shaft
IN Tho Ware nd the
thoroughly demonstrated While the company could re-
tain individuality operate claims owned, there
Calumet & Arizona could handle
IL economically they right in to the
the 1900 any additional
outlay.
1t is ntimated that the Warren stockholders should
make the first the American,
whose shareholders recently voted sell their property
to the Calumet company for l6 600 shares OF
stock
No dates have been yet exchange o Amer
lean stock the Calumet Arizona officials have not
ratified the sale, although objections are excited
u IRON BLOSSOM
the best speculative investment issues of
the Tintc camp; investment In that pays 10 cents n
share quarterly and spc ,ulavely tho possibilities OF
earning big practically unlimited as the rich orc
e Ia encountered mostly in pockets.
Assistant Manager reported stated the
ere reserves opc.ed up last three
years. This that assuming the mineral
contents of this the as that taken out
the past profits of $40 share be obtained
The company is reported to 100000 in the
" ury equivalent so per share earnings have
been nearly double dividend requirements increased
dividend quite within tho realm possibilities
may be disbursed in the shape an extra dividend
without increase in the dividend rate Blossom
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