The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1914-01-31
COPPER RANGE

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lSOO of this ard Baltic and Trimounain $50 each
Double shifts are being Champion and Trimoun
tain and Baltic has night crew, although not as
large as the day Some development work is in
progress at the Champion Trmounain and Baltic
breaking ground for shipping only.
Statements published this week that the Copper Range
was full handed in the departments Training ana
picking Incorrect shipment of luborers of this
class was refused boarding house accommoda-
could provided. but quarters have since been
arranged and more arriving Trammers plen
fuI and the will have all theyscan find
work for until more obtained The latter are
coming a satisfactory rate, however and the man
ascment expects have all departments normal ba-
sG within six weeks.
HANCOCK
The advance this the two weeks has led to
all kinds OF rumors regarding consolidation of Hancock
quincy exchange of territory though official
Of the company emphaticay denies any ncgoa-
tons pending.
Some o these rumors gave ii the properties
would be consolidated and operated mine This
would undoubtedly prove profitable stockholders Of
both companies as 1t would eliminate considerable
head costs. 1t would also give Hancock milling facilities
and permit of the speedy and economical mining of that
portion of Hancocs ground underlying the most sorther
ly of the Quincy shafts, No. and No. z.
Even consolidation effected, would seem as
arrangement should be made between these com
ranes that will prove advantageous financially now
stands, Quincy has shafts. No and No are
bottomed very close the Hancock boundary, strip
CT Hancocts territory off Quincys main workings from
property recently purchased from the Mary's If
change of property made it would allow quincy to
continue sinking it's No shaft into this ground re-
Gently acquired AS it stands, No shaft of TIE Quincy
has practically served its usefulness for that company
all the ground contiguous to this shaft has been worked
on the other hand If Hancock had this shaft,
siderable the territory shaft
could be economically handled.
Not the best of feeling has existed
ranes the Quincy has always been more
less grieved the loss of Hancock property,
which they could have purchased for nominal sum
years They did realize Importance OF
getting this additional territory until it late.
WEST END CONSOLIDATED
\ dividend of declared ON the 1SS. 1856
shares outstanding payable March 2Sth stock of record
March End. This n surprise the last previous
dividend only live cents and indicates the faith the
directors have in the earning possibilities of this company
in the very future.
By making this dividend payable 2Sth a period OF
tree months and twenty-five days elapsed since
the initial dividend paid it probably that
the management is adjusting the quarterly period.
During the month of December profits amounted
November. The December of Y
cents quarterly and to maintain 1O-cent quarterly div
dend rate would require earnings $4,000 monthly
than this is expected as soon as
the addition to the milling facilities has been completed.
This increase in the mining facilities will allow
fifty cent tonnage be handled than pres
emit The total tonnage handled in Dccembcr
Commencing with the first of February, when the
ton to the mill will go into commission End will be
shipping the OF approximately 1000 tons monthly
With the bodies being opened up IT is quite pos
sibc further addition he milling facilities will have
to be made in a short while
being increased steadily, the ore
bodies the 500 and 500 levels opening up i'm
tonnage. ON the level shoot averaging
$50 to $50 to the ton is being developed.
The companys year ends March 3lst, the
ing report expected big increase in
ig March 81 1913 the profit from mining operations
aged $LO2 while the handled during the
December showed profit Of $SG7. The January
earnings of this company expected t. be better
than for December and material increase
ings will be in February when the addition to the
mill will in operation. Il
oNEco--
This issue which hanging dormant for several
months, has of late been placed in the
active curbs. The strike the New Arcadan probably
has had do with the activity any thing else
for if the vein recently Arcadian prop
crty has trend, outcroppng and
undcrlay mayor portion of its property. again
the values in this territory sand
practically unknown the speculative pos
sibilitics oneco large
has less than $4,000 outstanding as at the
last delinquent sale held in october, the company bid
in of 10000 shares stock which assessment