The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1914-05-05
METAL


the past the leading selling agencies re-
;, duced the asking price demand fof
any large appeared the past week
business booked 1iA and lass cent basis Later
the asking again advanced to lax cents and it
has booked at this fig
| are for June delivery
The Copper Producers report which will be made public
the coming week. will unfavorabe from market
followers standpoint it is expected it Will show quite
a large increase in the stock of copper hand
Foreign exports April only 3i,1S7
while shipped abroad March Not
outstanding this decrease in shipments the foreign Wis
be supply increased 2O75 during the fortnight
it looks IL the copper had caught
the demand OF European consumers.
The metal market seems be very fortunate
the few years there number of factors
that tend to curta production and if one is
no than of the way when another appears At
present production copper practically
ceased and this will have tendency bring about lower
figures in the production reported by the Producers Assoc
citation for nearly all the produced in Mexico
was shipped to the States to be refined.
Mexicos copper production quite worlds
output for during times production is approx
matey 16OooooOO annually. readily what
operations at the Mexican prop
critics means the metal market
WOLVERINE & ARIZONA
An official OF this company advises the net
inss for the month of April will be about $4,000 Wove
inc Arizona has cash in the the of
$4,000 and has approximately $1,000 due
people on that has been shipped.
Shipments of daily are being maintained and
Slopes showing the good Development
work is being carried very scale
drift is being driven into virgin ground which is
expected will locate the suphide body the
easors are working. About fifteen employ
the to oil forI
fuel in place of coal, which being used The team
ing in using coal is much greater will
after the change is made.
There about $4,000 outstanding delinquent
ments and while the coming in rap
idly, it looks large portion this amount will be
advertised.
VICTORIA
An official Of this tells that 2iOO east
drift showing excellent copper that
the vein very wide point Further that the shaft
has very recently reenered the vein around depth
500 feet and the vein this good values
The shaft has attained "a depth 900 feet
ana has been timbered to the $500 foot level. No
lateral work has been done below the 400 level but
expected the $500 level station will be completed
during the coming week and point east will
Immediately be started.
ON the 24oOfoo level showed good values
right from the shaft, rich shute is dis
,losed the lower levels large additional ton
mage The assessment levied by this company due
April 18th is being promptly paid place
company in strong financial position.
This company is outputting little better
Of mineral monthly.
BUTTE ALEX SCOTT
The developments property continue highly salts
factory and according to late advces from Butte
the No. East drift shows second class ore
10 feet wide Shipments have steadily increased the
han they were in March.
According to official advices earnings for March
we're s7S2S This profit made from shipments of
ons of rstcass 3,426 second -cass ore The
irst-class assayed $3.50 copper
IRE 417% copper The total product of the
$3.50 pounds of copper and 2.S21 ounces of silver.
1t is stated good authority that likely
'osed at early date whereby the portion of the
little Annie claim owned this company the northern
,art Of the Butte district will leased on a royalty basis
This lease, If closed calls for the development the
on the Butte Alex Scott company will 2OG6 OF all
he copper and precious metal treatment
harges have been paid This Little Annie claim has al
Ways been accepted asset considerable value
chief CONSOLIDATED
During the month of March, this company sl4.-
49, the largest for any month this year. This
monthly equivalent to about twenty cents per
mare ANNUALLY on the o'ooVO snares OUTSTANDING The to-
al profits for the first of the year $262O or
1920 in excess of the quarterly necessary
urse ten cents annually or the present dividend
II the March rate of earnings continued which is very
ossibe undoubtedly the management would make n
ribution In excess of the Ave cents semi annually This
ompany has good working balance and Developments
re well In excess OF extractons that all earn
,gs available for distribution to stockholders In
The low prices of late brought about by any 2
dverse from the property, directly attribut-
BILE to the liquidation Of considerable block Of this stock