The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1913-01-18

subsidiaries received Ss654OO Notes amounting
100000 retired during the year leaving balance
due Of $5s1900O February will retire 81.
6s5OOO of this balance There paid In dividends to
Calumet stockholders total s42 per share in
1912,
ISLE RoYALE-
understand that directors meeting will be held on
the Tuesday of this month"; which time it ex-
pected dividend question will up AS pre-
vousy stated, nothing than fifty be
expected il is just possible that will be
declared a this time
CALUMET & MONTANA
This much advertised issue has been adjudged bank
rupt claims amounting to only thousand dollars
understand It, This causing among
Stockholders. certainly hard understand It
stated that the claims the company were
| exorbant reason they were not settled
before.
plan of reorganization has also been Of ac-
cOrding to information recved one share
In new company for ten shares the stock; the
new company to be 100000 share proposition par
OF $lo' as compared with the present Calumet Montana
100000 shares of value of ST. reported that
President VIM. r. Peters is in taking ac-
tive management of the affairs the company
INDIANA
There has a aud active market for this ia.
sue of late and owing the shaft is near
ing that point where drill operations showed tho
rich bed of copper, very likely continue to be a
favorite.
AT present the shaft is down depth approximately
l2iO feet and according the the direc-
tors which the time of the call
for the last assessment they only to GO
before reaching the depth which the rich copper showing
was encountered in hole No. .
While no announcements have been made IL has been
nl'maed to us that lateral work will started from
the 1900 level and If plans be carried out If will
shorten the time before ths company will have actual
openings IN the bed from which the richest the
Lake superior was taken Some, however claim the
shaft will be continued without Interruption until
tn" vein Is cut and such case it will take only
few days longer time
Naturally this issue is GOING 70 racoiva oos,,,,
attention markewse and barring any decided weakness
III the general markets. this attention should result In
higher prices
IRON BLOSSOM
contrary to expectations the quarterly dividend was not
increased The directors announced a ten cent dis
bursement. payable Jan stock OF record Ian so
After paying the quarterly dividend they win have in the
treasury approximately or thirty cents per share
GoloFiELD CONSOLIDATED
IL looks now if this to regain al least MR.
on oil It's past prestig" among investors for new deveop
menus al he property are highly encouraging particularly
" " o"' ana grizzly Bear mines 1t has been
'o'oeu mat on the 100 foot level of the Combination
'' uepoSlt of nigh grade has
co. ana It Is expected that it maerialze to he an ex
tension Of the original Combination Glory hole ore boiv
from winch large tonnage ore was mined during
the early activities of the district
" Is stated that at where prosecuted tho ore
'o"S was found to be 40 wide and ossovea ,bo,
so per 'oh II Is estimated that this new tsrike alone
~ "'' approximately 100000 to the Consolidated
w '''''S more Tor as yet development
49, ~ Wv" "o'e peiow OF above the point discovery
| announcement that diamond drill will shortly bc
Installed and operated from the deepest levels q, ~,
' SHAFTS should also greatly in deve,on,nr ,b
large acreage that far is unproven ground THE &,
heid district. and results will be awaited ,i,, ,.
II Is also reported that is being exposod Il, ~
'"oe quantity on the 400 level of the CirizzIv Roar
80 mug" no ohclai announcements have been made
- '' " possDihty of opening up some rich
-. ~ W 'ne ones that made this company IA
' ~ even though this should not rnater,alize this
company has liquid valuation of more tina, ~, o
investment '' On 'ne
'eie IL considerable amount of ore deve,onoa an IA,
6odfeld Consolidated prop, rites That oorr,a ,,,
" "ppcr ana silver making IL refractory In ,rao,,
~ '"'''hs processes. Some OF this ore has h.er
- 'he International Smelter at Tooele Utah and
-, aee p'ahs nave been announced, 1t is highly
roosi. =, '' WI" eventually erect smeer or
~ "" us property to take of this copper
ore ana undoubtedly 1t $ for the purnoso -, cot,
-. w " secured that the diamond drilling has
~ ''e'ued upon OF course. If IL is decided n ereo,
snielter. resumption of dividends mo-, -, -,
II Is just possible that this issue will no n,ocoa IN
" o'ss the coming quarter. Preliminary es,,,,o,
''"'er earnings al $4,000 as conmared win
ac'uai earnings of $4,000 in Novenhor
TUoLUMNE-
,aa priced proposition this issue offers possibiI