The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1914-06-13

on. No. and No shafts have been supplying nearly
this tonnage.
The temporary boilers Nos. 4 shafts
been dsmantled and the buildings razed and when
the plans completed the plant will be the
pride Copper efficiency economy. The
sanitary also received considerable atten-
ton iltY
Ahmeek is due its quarterly dividend
time the present month. A year Ahmeek sold
dividend June eth when IS dsbursed 1t is hard
y likely dividend will declared this time though
an increase paid months likely
ANACONDA
report the year ending LIST, which pre-
pared for taxation purposes reflects earnings of only S.
63564 compared with s11446,9Ol for the ending
This the rate of less than So per share
compared with $245 last year.
This report misleading the earnings given do not
include the received from smelling custom
lumber department. railroad coal mines belonging
The report simply shows the profit the
mined by the The tonnage handled for the
year ending l. 1914 100000 greater than
period year ago. while the costs
tealy Undoubtedly lower price for
the of the low earnings and it be the
is carrying large quantities of the red metal which
inventored at a figure much below the market
report Company for the fiscal year,
which ended January lst showed earnings of $3.50
share The outstanding capitalization of this company is
4,3325O0 VIII increased $4,000 shares when
the international Smelling stock has been exchanged.
WINoNA-
The destruction of the No. King Philip shaft house by
in way interfere with the operat-
plans of this company. This shaft has been in
for years and when closed down the showing
little encouragement. The shaft-ho
fully insurance. and it being updraft shaft
only penetrated about 10 feet below the collar
BY in the market, it would indi
stocly-
holders payable July ID and when paid
it will that this levy without
ganizing it will make the stock $25 paid in.
a circular letter stockholders, the management
present the company is borrowing
money. whereas ten months when the previous
called, they had outstanding to the extent of
100000 Labor is plentiful in the district and the capacity
OF the plant will be reached which will automatically
decrease the of production.
OLD DOMINION TRUST RECEIPTS
Holders these trust receipts not likely to know
what they to receive in final liquidation for sometime
to Notwithstanding all the securities pledged have
been turned into cash, and there practically s1s5OOo
in this trust fund.
An attempt is being made reopen the litigation
Supreme Judicial Court Mr. Bigeow claiming
discovered changes the entire aspect
of case.
While Mr.. Bigelow is fighting to reopen the litigation
Mr. Hyams is seeking prevent the New Jersey company
paying special dividend of the trust" fund
which the step making the distribution to the
receipt holders.
WYANDoT-
The of this company is confined to sinking
the the 9Th level For sometime the copper show
ing good that obtained higher The
theory that the winze instead of running straight in the
vein is in diagonal and has out of the best
part lode feet, horizontal opening will be
driven back establish whether this belief is correct
ISLE RoYALE-
Roc, shipments this property about 16OO tons
daily mine in position send So0 tons or
better forward whenever it desired The work of re-
facilitating No shaft extensive working of the Grand
Portage lode proceeding steadily but it now appears
that the will completed until the latter part OF
During past the shaft collar has been
made and tmberng placed for levels with five more
levels to timber The drifting the Grand Portage has
not been interrupted by the shaft work.
While it is positively known whether or not No :
shaft will be sunk this far start has been
The sinking of this shaft through the overburden
should progress rapidly started there no ply
steal difficulties site such caused the
abandonment of the site first selected.
NEW ARcADIAN-
Developments at this property continue of a
couragins The good showing revealed wnen
the the eOOfoot level is con-
tinuing the drifting south drift is very
rich good copper being disclosed in the
opening this level totals 90 feet Sink
ing is in and the shaft is down over 500 ee
At 900 feet will be driven to the ven 1t is es
timated that will reached at this depth about
middle of September When shaft sinking was re-
necessary suspend drifting the 15ooot
level a time there will be resumed in
day This drift distance of about 10
feet with good copper at both ends Explora-
tiono f tho tha from