The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1914-02-07
ere zone sometime IN March.
oNToNAeoN COUNTY PRoPERTles-

nearly all socialists and the others who refused to join
the Federation the outbreak of the strike have
nearly all left the district The community is domnat
ell ny the Federation that break the strike there
would be of prohlbve and the mine will not at
tempt operations small scale, until the labor
situation completely composed how remote
this may he.
Lake similarly situated. Operating with force of
twenty men. which tried months ago. proved
obtanablc peace assured. There has
been pumping weeks workings I'LL
ing with water.
South Lake, North Lake, Indiana and Algomah alb.
soutey idle and flooded will remain until labor
troubles completely The Federation
employees these mines nearly all left
CHIEF CoNsoLl DATED
The annual of this company for the ending
December 3st mailed with dividend checks the past
week. shows earnings of $lI25S7 compared
with preliminary estimates of $4,000
shipments of for the year were 5l.l73 tons
which yielded s27eS27 the payment smeer,
transportation samplng charges $7.37 per
compared with $Go$ the net value received in 1872? The
above charges mentioned $S.92 per 1919
compared with $S12 the previous year. This
value of the mined $62S during
the 1913, whereas 1912 much higher grade of
mined the gross value being $2415.
During past year. $4,000 was expended for
additional ana $4,000 for machinery equip.
ment. Neither Of these items charged against
ngs charged against earnings roraI
profit The year have than the amour t
of the hrst dividend paid The balance hand
diminished s3O3O23 January 1919 to $2l50GI
January J.. l9il
Regarding mining conditions the property during
1919, President Fitch the following to say:
"Theie mcruptons the operations the
mine during that period.
\ larger foptage of development work lone than
during any %: the previous years exposed
a much larger Of any previous time.
Though the product of much larger. values
averaged much lower than in the years pro-
fits have been disappointngy small compelled
the directors reduce the dividend third
scmi-annual
1t dicult to anticipate results in estimating values in
the product that
what has already been accomplished repeated
though admitting possibility recurrence these
low and consequent low earnings
less believe that the better results will be
and exceeded.
Though large development work has been
done but small part company's property has
been developed and the possibilities are attractive
sHATTUcK-
This has issued report covering seventeen
J., December II,
1913. The for covering seventeen month period
change year to agree with the calendar
year.
The report shows the company the rcnn-
for the period 1i1OS S65 pounds of
copper 954513O Of which received in
put for the calendar 1913 is 13219755
pounds of copper 10000 of silver 2O33
gold ana 14S3956 pounds The for the year
1913 was 722 cents per pound after dcuctng the precious
metal and lead values The items amounted to
SS9SG per of copper produced. The copper
the copper were $3.50 while the lead orc
yielded 1876 The average price received for cop
New Yorl; delivery, 153OS1 year 1919
The profit these seventeen months operations
ST. jO,S9 of which $4,000 was paid in
dividends leaving surplus company had
IN cash and quick assets the first of January 1914
O'96l9 of which only $S4oOoo in cash the balance be-
ing copper sold and unsod transit.
The 1913 earnings the approximately $500
Ter share. These earnings should higher in 1914
the expects shipments to $50 tons
daily, while barely half Of this shipped during
the early part of 1913.
sha'uck has a ten year contract with Calumet &
Arizona to handle formers ore Tho gold and silver
values win be settled for monthly according to assays
while copper is to he delivered to New YORK
100 days after the sample taken agreement was re-
newed with Adolph Lewisohn handle product
commission basis.
The General Manager suggests that shattuck erect a
lead smelter 20 handle the companys unless some
satisfactory arrangement made elsewhere.
Mining and development being carried on from
IT," 2nd to the 9Th levels the latter showing up con
siderable suphde assayng about 20 copper
body will not be developed present the work on this
level being conferred in endavorng the extension
Of the 90 body which being developed on the 500
level