The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1913-02-17

Q ago Indifferent results and at time the nm
E cieus which Eastern capitalist
attempted to put on the market under the South
Quincy. his efforts met with failure.
u The purchase price said be 100000 payable in
four annual nstalments
! QUINCY
/ The quincy Mining company engaged In diamond
drilling underground in No. 2 shaft. The which
located s5th level is boring a the hanging
country with the object locating northerlv
tension Hancock lodes copper boar
ing formations may lie within the horizon embraced
I by these odes the Quincy series.
oNoNpAcA-
! Activity Onondaga is confined diamond drilling
I with outfit in service. The No. hole which was
completed than month a depth of 1912
feet apparently sunk in the formation the IsIa
Royale Arcadon lode We unohcially Informed tina.
a fair quantity of copper a depth Of
about 1000 feet. but have been unable an Of
fetal confirmation of the report the management prefer
ring to do talking this point The No. 9 hole To-
Gated approximately 1000 feet No attained
depth of about i,2oO feet is the hole of a
series designed to yield geological this
portion of the onondaga acreage.
SUPERIOR & GLOBE
There has been inquiry for this issue the past
week. but buyers numerous The secretary and
president in Arizona that the reason ascrbed
y Some delay has been securing patent papers
on the of claims owned by the company. and the
officers above mentioned decided that personal visit
might expediate matters.
The showing at Superior improves clanc-
es for Superior Globe While there is pres.
ent of resumng operations 1t quite possible that
ually this will levy a small to carry
on further developments. Sufficient funds in the
treasury to for time They As,
600 shares in the treasury out of capitalization
100000
NEVADA CONSOLIDATED
In the quarter ending December 81 Nevada Consolidated
produced 100000 of copper
production of the preceding quarters. The was
deterrng production and December
also below the owing to the unavorablc
climatic conditions. the production property is
always lower in December January past two
months more especially the coal shortage
them from working even when the weather good.
' During the quarter, earnings $7O7256 as
compared with s1OsssH for the quarter 1911.
Regular dividend requirements s74sSSs quarter
and earnings quite equal this
years operations about 100000 in the
necessary for dividends earned
During the past week. sections of the
in operation Nevada Consolidateds ore and
Giroux.
CALUMET & MONTANA
The stockholders responding promptly to
quest by the management that they exchange their hold
ings for Calumet Montana Consolidated on a ten for
one basis About 100000 shares, one-fh
stock have been so exchanged to date Unless stock is
exchanged within sixty days a charge of twenty-five
cents will be made for each certificate.
GIRoUx-
This is the first Ryan property to issue
an annual for operations and it is very
creditabe considering difficulties encountered
the past year.
In August the property shape 10 ship 1000
daily as the contract with Steptoe smeer called
for This carried months only when labor
troubles stopped all shipments They resumed
and total Lars 24s
gave net profit of s15OOoO. Eliminating extraordinary
development and work expense product
cost los cents which compares favoraby
our lake mineral A low market while deferrng
returns to stockholders does necessarily mean
down the property. The average grade of ore shipped
died owing to the high snelter freight charges
Giroux's capitalization 15OO 900 shares IS a handicap
against high price for the stock At the pres
ent rate of production a fourteen cent metal market
profits should cents per share
WEST END
With every decline in copper stocks attention is turned
to the precious stocks of speculative possibilities
This Is one that investigation located as It
III the heart of the Tonopah> district.
development Is cenered the west drift of the
'oot eVei and an announcement looked daily tina,
"eh grade ore has been encountered During the past
year. ''ooo tons OF ore shipped gave net
proht of over 100000 shipments being made from
fourth fifth levels
IN the month of December. net profits were $4,000.
VINE this Is little higher the average II demon
a'eS what can be done when the mill is worked to
pae'V' RMS company is the 500 of the out
standing stock of Halifax, expects to enter the d.
s'u'"' paying list before long FIVE dividend on