The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1913-11-06
MINING NEWS AND STOCK QUOTATIONS.
COMMENT BY WALKER.
Is Much Impressed With Future Of
Lake Superior Mines.

Ahmcck is building an addition 10 its
stamp mill which should be complet-
ca early next year. Its new equipment
for Nos 9 and shafts is receiving the
finishing touches. aud after these two
construction improvements are fully in
commission the company Will be in a
position to produce from 100000 ana
/ 100000 pounds OF copper annually
ana show yearly net earnings OF be-
tween S43 and $50 share with the
metal at its present price. There is
every reason 10 anticipate that the
property will have a life of 20 years
or more at this rate of production,
making the stock worth a very great
deal more than its present selling
price. Ahmee< stock, therefore. is a
most attractive Investment and IL
promises TO sell great deal higher in
tho coming few years
Allouez was just coming into its own
as producer when the strike Of the
Lake superior miners occurred last
July. II is an assured producing. profit
earninE and dividend paying enterprise
probably as good mine as the Mo-
hawk aud possibly better Its stock
is beius bought by strong mining in
terestso and there is not a question of
q doubt that it will sell very much
higher eventually
Calumet & Heels,
Calumet q He,la stock Is selling
very much lower than it should both
because of the strike and because of
The generally known fact that its mine
Tn the conglomerate lode has a life re-
naming Of only eight or nine years. Ii
OWLS another mine. however on the
osyeo.t lode. which will produce cop
per and earn dividends for the COM
pduy for a generation To come, and in
addition 90 this il has its very heavy
holdings Of the stocks of various other
Lake superior companies; investments
repetition here.
II is more than probable that Calu-
met q Hecla will earn in net profits
during the coming six years more
money than its entire capital stock
is now selling for in the market, and
even after that il viii still be a prop
erty Of great producing and earning
capacity.
In the treatment Of it's 10000, 900 to
'o0oO0O0 tons of mill tailings there
should be- a profit Of $1O,OOO,OO0 or
more, and somewhere in its extensive
mineral land holdings. scattered
throughout the district, it is very like
ly To develop other mines of great
value ! consider Calumet & Hccla
stock IN excellent Investment at its
present price
Copper Range.
Copper Range is selling at practical
Us IT'S lowest record price, the lowest
il has sold since it BEGAN paying divi-
oeuds Holders 81 this stock during
the past seven ur eight years have re-
ceived "a larger net amount in divi- |
bends than the owner of an equal num-
uct Of shares Of Amalgamated. That
copper Range has greater future
than 10 has had a pas, is assured, There
D. d very good prospect that at some
time in the future the stock will sell
for more than double It's present price.
Isle Royale has begun To have the
OF successful mining en-
torprisc within the past year or two.
lu 49, selling its copper at an aver
age OF 1866 cents, the company earned
SIS share II is we'll provided with
worh.u- capital and the mine is opened
no sufficiently Car i'm advance to enable
Ct continuous output of l,SO0 to 1000
tons of rock daily.
While there Is a very good prospect
that Isle Royale will continue to earn
and pa. dividends. it lacks that cle-
ment Of demonstrated stability which
would warrant ones putting very
large portion of his Investment funds
into tine stock.-G l.. Walker