The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1913-01-30
COPPER RANGE IN
GOOD CONDITION
Editor Wilson Comments on This
and Other Properties


Copper Times writes as follows.
To those at all familiar vita con-
diuons underground in the mines
making mp the Copper Range Consol-
idatcd and of what is being done on
surface and in mills. in the interest of
obtaining q higher percentage of cop-
per recovery from the rock stamped,
and i'm reducing the cost Of making
"a pound of copper, the shares at pres
ont quotations are "a bargain. This
big south side company has rcplen-
ished It's treasury; is now making big
money, and in position 10 pay 4 fixed
dividend rate for all time, and with
handsome extras at intervals, with
copper holding around l6 cents or bet
ter the pound. Possibly at no time IN
the history of the mine were physical
conditions underground more promis'
ing than they are today, fact that
will be reflected, and forcibly too, IN
the results Tor the year just entered
upon. To make for these better con-
ditions. and the resultant economies
Co follow. has called for the eXpen.l.-
mrc OF a. large sum. but the reward
viii bc such as TO emphasize the Wis
dom of the action OF the management
along the lines indicated.
George l.. Walker, in "a recent ar,i~
Gle credits the Copper Range Consol-
idatrd with the ability to earn G'j per
cent on the market price of the shares
today. with copper selling at II cents
the pound-and We consider the estI-
mJtc conservative
other mines are given the bepw !
percentage ~ earnings on the pres
words if purchased at these prices |
they will on a IA cent copper market =
paN interest as follows:
-Ahmc,h 40. Amalgamated, as,
Anaconda. 80; e.. n ~, $50; Calu-
mot auG Hccla, go; Chino, 500; East
Huttg. 1890. CRANKY 10; Greene Cana
.3r.f. Deb. Nevada Consolidated. 12.15;
North Butte. $40. old Dominion, 9. /
pS.,ola, g.75. quincy, S.9O Tennessee,
,-.1o. Utah Consolidated, Is; Utah
copper. II. Wolverine l. The aver
lsy would Ice 1000, and il would there
.urr Seem that even with the metal at.
'f cents 20 pound copper stocks would
b. entitled Co sell higher
Ahmeek.
The above earnings of 40 per cent
.ur AHmcck Is based on a production
is 40 present and i'm $4,000 per share
cor tho stock, with copper at II cents
per pound and means earnings of
ruuud $1,000 per share Should cop
'rr SCH at - cents, on the present out
,U Jho earnings would Dee Increased
.vcr $500 per share, and at rs cents
ycr 500 per share. and at II cents
early 81 per share. With addition
ID stamping facilities which are 10 be
provided, and a resultant increase in
production Of around 80 per cent. or
a,Hou.oU0 pounds per year, and the
HruIugs ON a li-Ccut copper market
would bee about $3.50 per share with
.uppCr at L. cents, the earnings would
BIZ. $3.50 per share, and with n
cent market for copper the earnings
would Doe E'15o per share
Truly Nhwrck is q wonder amyg-
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