The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1913-09-13

u this point shows width of - feet with the
hanging wall not exposed.
Some development being prosecuted the 500
level exploring the Lower Contact vein, with best values
showing bottom al the drift. indicating
greater depth should show further Improvement
The financial condition the company rounding out
rapidly and the remark of official of the that
the directors may spring surprise the public Of
these days, gives mixing what may expected
along the dividend lines.
COPPER RANGE
At the meeting the directors Of the company yes
erday fifty quarterly dividend declared pay
able October LIST stock Of September This
compares with seventy five paid the quar-
tors fifty a year % GO
Rock shipments from the combined companies Of the
Copper Range Consolidated tons
daily about u per average daily shipments
for the year 1912.
This payment Of fifty share this quarter should
lac quite satisfactory as The company is
just getting into good financial position after oyer-ex
tending themselves effort up dividends
few years ago 1t would be policy to into
the surplus and especially conditions they
are
While Copper Range has paving very good
rate of interest for the market value
stock. underground conditions have and
it hoped operations again normal
that there will be increase the dividend rate
The company viii have a working capital Of about ST.
100000 after paying this dividend
ALASKA GOLD
This becoming a favorite with SPECTATORS
late been considerable buying well 10y
investors who willing to wait for interest "eurns on
their Investment. 1t viii take years before ro.
slble returns be expected the mill viii not be-
completed before December
During the past week shares of this company nave
been listed the New York exchange and is said tho
buying for several days past has from New York
At the of filing listing papers, company
reported a balance S3,O7j452 July
Is, listed 100000 shares of par value
of SO all paid in There expended July 18TH ST.
$4,000 in the development; the property pre-
imnary work preparatory the erection of the GOoo
daily capacity amount
oOO shares issued for the controlling
companies that make up the Alaska Gold
The stock has wide market and is tipped for
higher prices listing the big exchange
may give it the impetus necessary it higher
keWEENAw COPPER
Actual mining operations will be commenced on this
be the northern portion property which
company is controlled by Keweenaw Copper. UNI
derstand it, old shaft lying about 1000 feet north
and of the Crestvew pavilion be opened and the
ground in that vicinity proven up openings
Drilling operations will be continued in order to set
north
Keweenaw Copper will be put very expense i'm
opening this shaft other than labor expense the
equipment used the Mandan viii shipped and
erected at the new location Of development
This work will be watched with interest
he devoid results this tract in its early day
has produced copper.
SUPERIOR & BOSTON,
There have been important developments on the 10th
level If his
is not in full face of the formation
at this point is sulphid" encouraging fc;
ture.
For the past month this the 10th level
has been in eached matter but a days ago a seam
Of high grade suphdc was picked up. This seam has
since wiiened nearly AMI on average assay
shows IL per copper
This is the most important news received for some
time past since the opening up oxide ore body
on the 9Th ana Sth levels This strike of suphe
the 10th level shows that secondary enrichment
has taken place depth or between the Sth and ION
levels.
In this district the lenses and the present
two foot vein of high grade suphide every appear
ance of widening out the drift advanced The
data obtained from the strike the 10th level VIII
give the MANAGEMENT information shat they have
been awaiting before continuing wo, on the 18th
and as near can be learned present writing the
2th level should require only distance before
picking up this seam.
There also should be within the next 30 or 40
days from the drift level which is being driven
southeast to intercept the QUO which is a parallel
fssure the Great Eastern vein
We get it on good authority the company is more than
breaking even from their shipments. They have
reached the maximum Of their with the I'll Paso
smeter people If this sulphide body wdens out as
is expected undoubtedly the daily shipments could he
bevon tho