The Calumet news., 1914-04-18
Gossip Of Market and Mines by Minnear 4 Go.
HlNt'iAN
GRAN BY


GRANNY
The action Of this issue the past week should prove
cusvy that bull movement in this stock was carried
To the extreme further that the management will have
very hard task making good ON all that has beea
promised for Granny
We have always considered CRANKY overrned, and
ther that there was nothing warrant the phenomenal
vance from its low OF $5i the high this
February 1t is only paying Sc year or the same
ms Amaamated and while earnings this will pobab
~ greatly in of this amount. 1t should not be
overlooked that old property has seen its zenith,
the placing Hidden Creek property producing
basis is timely.
The report CRANKY the week has been that
t;e Hidden costs higher than anticipated
though is premature Just what the pro-
may until after the smcter has had at least
months rum IT usually erest
mated
the smelter is handling 24OO
daily, whereas only 1000 day
handled While we hope that all the good things sail
CRANKY will materiaze In estimation there
number better in the copper share
CRANKY will the coming Tuesday div.
quite likely bs
paid, although the has caused tn"
liquidation, for the company did not the dividend
during the last quarter 1919 and is doubtful
first quarter of 1911 made any better showing.
RAY CONSOLIDATED
This issue has acted marketwise Of
this gives quarter
~ dividend We very good that it
possible the will be increased fifty
the coming quarterly dividend meeting which he held
the latter part of the coming month.
This is well within possibilities for during
the past few months production in 55OOOOo
pounds monthly has been made The the last
quarter Of 1913 were 99S0l pound but been
officially stated that during the past quarter these
Were brought down under the this rate
of production and the cenr
metal market Ray Consolidated pay fifty cents quar-
te and add nearly 100000 quarterly surplus fund
Ray Consolidated had outstanding the last
quarterly issued 45O553 $2977Ooo
So convertible bonds are convertible into
stock at 500 and when all converted company will
have outstanding 1,599iOS shares
While this capitalization large company has
thoroughly demonstrated its ability to good
interest on the capitalization very much Il
much better investment be found. Ray Consolidated
has in of 100000 developed averaging
better than 2f and present rate of exac
ton. this tonnage is sufficient keep the present pap
working to capacity for over quarter century.
ALASKA GOLD
This issue has commanded attention Of all market
followers the made a substantial gan sell
ing up to $2S yesterday The trading the past fcw
days mas been on an enormous scale and strongly
pool operations Insiders reported have timed If fer
$3j
Developments at this property late assure the componv
OF much larger tonnage than estimated by the
engineers according reports al hand These eorI est
mates were placed 100000 ore with an average
estimated value of 175 per The profits of the COM
phN depend entirely just successful the experts
nave peeh In figuring the of milling as well as in
working out high recovery been figured that this
ore can DE mhe' and mlled at cost of 81 per
ton.
\ 'ooo ton mill will be in operation by end of the
year. ana additional capacity will probably be added 50
' eventually total OF 10000 tons will be handled daily
Homesake has always been considered low grade gold
proposition but last year it handled average value
OF So per ton whereas Alaska has very little ore that
will run better than 50 per ton
Alaska Gold has $50 OOO shares outstanding
ISLE RoYAle-
This company like many other mines has more
abundant supply of labor open 70 II than ovar ho,, -
Its history The force this week was increosed bv h nd
uton oil thirty former strikers These wero tokap from
St OF lOo applicants Others be added os underoron
'''ohs permit but the mine fun handed no tho si,u,
uon stands at Present
"S' oi the men added this week went TO shafts Nos
anu solving of the labor situation more vital 70 ,,,e
' ''ah TO most of the mines as a big force will
'''''e ior the property to into the full adj
VI ''e extensive development work last year and
I'ooapN N result in record annual production
CONSOLIDATED CoPPERMINgs-
-, ~ '''S are bens operated shifts a day dc.
81. " p"'ue ore BODY which lies near the Liberty
p VI uhe Nevada Consolidated ON this com,o,v,, r,,
' ana watson claims. holes are be,r s,,, .,
''" OF from 500 TO zoo feet and it is state, ,ho, s
,n,nooo,aa, very pleasing Recent developments lead the