The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1913-01-04
ALl0UEz IS IN POSITION NOW TO RAPIDLY
CREATE SURPLUS PREPARATORY TO DIVIDENDS
Mill of Excellent QuaityReported Will
American PropertyOher Gossip by Mnnear

This responsive to the change in senti-
men practically any other stock the board
ing what low capitalized. closely held
ketwise 1t is true the market rather narrow
shares in the past two weeks causing an
points undoubtedly will later. seek higher
level as property is in excellent position.
There has a slight increase in rock shipments,
little 1900 day going to the mill Most
has coming from No shaft, the
Ahmeek. Miners tell the rock from this
shaft better than that from No l and undoubtedly
January will show slight Improvement in the yield per
! ton.
While Allouez enviabe position, it is very pre-
mature talk dividends for number of months
| to come. the fiscal December 81, 1912,
will probably show balance of assets in of abili
ties Of 100000, To properly and fl
copper until Sold surplus 100000 would be
too great present quotations. Alouez earning
81 annually its rock shipments
TUoLUMNE-
A ten dividend declared the this
company payable February 18th stock of January
3ls This is the fourth dividend paid by this company
Others each paid the
being August Is, 1911.
The directors claim that the treasury physical
tion of the warrant the promise that quarterly
dividends will be declared from with the lkei-
SOUTH LIVE OAK
officially annouced hole No ;. which encount-
values a a depth 525 feet is now in a valuable
body depth of 675 feet, the of which
averaged IA 20 copper
SUPERIOR COPPER
1t is not likely the railroad will completed for rock
shipments to the Aouez. mill at Point Mills
until along in February although being rush
Cd as rapidly possible When this is completed thcy
Atlantic they doing. They present ship
ping about $50 tons day, understand rock is
Yielding better than 40 pounds the ton In
act, in November understand considerably high
this.
With the change milling, rock shipments viii be prac-
ticaly doubled
CHIEF
1t is officially earnings for the month
of November $47S53. This rate of about e5
cents per There Is every reason to believe De-
cembcr earnings will run $4,000 as the property is
oking very satisfactory Chiefs earnings will always he
subject to the various conditions OPENINGS in which
they happen to be working However. the property is
being opened up ahead consistent economical hand
ng 1t has been stated they have enough ore in sight
to continue present production for indefinite period
Then again. they have of the largest properties in the
Tintc district 400 In all and considerable
portion of this is virgin yet to be pros
rected.
ISLE RoYAlE-
1t certainly does not look Royac direct.
or Will meet for several weeks action on the dyi
Jend and If fifty cent quarterly disbursement is made
at that time it is all that can be expected
DAILY WEST
DAILY West mas declared fifteen cent dividend PAYABLE
January 18th to stock record January Stb rbis ~,
the same as last quarter though it Is ony IA or ,bo
dividend paid a year ago.
MOHAWK .-,...-.-.,~--
Inc directors met Thursday this week ana declared q
senl-annual dividend of SO. payable February TO soc nj
record January 18th This compares with 8, 40 maid civ
months ago aud ~ year In previous issue o
TINS letter we stated that stockholders could only cxnoc
80 There were few disappointed ones However tho
market absorbed all offerings and rallied three nori, i'm
nediately eftcr the announcements While uot,,,,, T., -
e 'ioSe 10 Slo per share on present metal uuotations
1t should be borne in mind they eduippnp NJ, shaft
ana the conservative stand taken by the directors ~
really be commended =
''c" AFTER ms second return from TT5lC5EE5r=E-=
kuif