The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1914-04-11


this have not been resolved
The gross value shipped is approximately
100000 is officially stated that the March operations
showed the company very nice profit
i vigorous campaign OF development continues
the lower While nothing sensational has de-
eloped any days operations may break into additional ore
1 bodies.
SOUTH LAKE
This company has recovered sufficiently from the strike
that IT'S work soon watched with interest Three
wees OF shaft sinking brought the depth 500 feet,
When coo is attained foot the
four lodes found by diamond drill holes Nos. and c
will be started this enough advanced to per-
nit Of higher up eyelopmen OF the horizon
OF the Evergreen odes will undertaken
cutting 400 feet. Whether the Evergreen
richness that showed in the shaft should
be demonstrated rapidly
HANCOCK
the present rock shipments averaging 200 tons
day shipments will further steadily increased
According reports received all the openings
looking very well, shipments have
yield copper per rock than the
During the past year recovery OF 1852 pounds
to the made
The annual report company the year ending
December shows that S2O6.414 expended OF
this total naturally the construction and development
pepse largest single and amounted s12264s
considering the fact the company is development
stage paid amounted $3.50 Md the balance
expended amounting s44777, nf%e up miscel-
laueous items
The shipped during the year l26l2 rock
which yielded 2l2OSs pounds copper These shipments
only OF such rock broken in development work
and attempt made TO maintain regular shipments
per of the output the year sold
pound, which good price, compared
with the selling prices reported by
Lake Superior companies The entire output
company S32,sl2
Shareholders OF have to be grateful that
the officers Of this company position borrow tho
funds that they doing Were it the
strong financial interests company
shareholders would have long since been called upon
additional assessments and unquestionably this would
have wrought hardship stockholders this
the present Hancocl's accounts payable item is
100000 total Of SlS2sO unpaid
ments during the past year. and commencing
year, only sOOOS unpaid assessments
Considering the fact that this company never had
delinquent sale stockholders for 81 200
200. this record for unpaid phenomenal
DAVIS DAILY
This company announced Of fifty per
share payable in two nstaments 25c June 25c
October 10Th. This the the
stock This company 100000 issued of a par
value Of 80, which IS has been paid in.
The plans OF the company sink Colorado shaft
500 feet deeper ana while this is being carried on
shipments and development will be practically dis
continued Officials OF the company have that prac
caly all the available above 1000 been
extracted, company depends on the
Developments this point centering
all activity shaft sinking.
1t is possible tie company will cndeavor open the
Red chief territory the l4OO and LOO levels
while shaft sinking is going on, for this territory
been thoroughly explored and then again will prove
This ground much than it be developed the
proposed bottom he shaft 1t is estimated that will
rcqur, 800 Feet Of crosscuns vein
from the 1000 level and this work would require several
months time.
COMMERCIAL
1t is quite the buying this past week
has been better than the seling notwithstanding
oral weakness in the cdppcrs Arizona
net gain
As Nc stated last weeks issue letter. the
d' copments at the property have satisfactory
than the reports far published would lead believe
Good has been the 18th according
to private adiccs have received from the property and
further there is talk absorption company
oy Dominion
The annual recently issued shows the company to
be in good financial position Arizona Commercial has
100000 IN cash and securities which carry
on aggressive campaign Of Development
time to During the six months, expenditures
have been at the rate OF about $4,000 monthly.
MIAMI
The regular quarterly dividend of fifty share,
payable May 18th stock of record May ist has been
nounced. This given shortly after
the annual report made public.
The report shows deficit OF s2SOs2 from the years
operations after dividends amounting share
paid This Que mostly the serious cave-n at the
property which greatly nterered with production The