The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1914-03-14
TUOlU M NJ E.

shares
1t has been announced this company made an output of
tSSoI POUNDS Of copper during year 1919 and the
average copper contents the ore shipped were $50
fuoumne ais" produced 1851 silver and 14o
ornccs of gold in
1t has been stated during the month of December
the broke and during January February
the treasury increased the $4,000 from
the oompany's mining operations
This company has $4,000 cash hand indebted
ness The ore body being developed the is
improving in value with evidence faulting.
This stock quickly It's low point mad.
the latter Part of last week, at 40 cents
UNITED STATES STEEL
The states Steel unified tonnage as
Of March LIST showed 1000 tons Reports
however. for the first ten of March not very on
tmistic, and is stated that independents did noi
share MS well the big company booking new bust
ness scrap iron and steel drug market
dealers in hand prices are lower than f,
sometime past.
Unless the railroads which the mainstays of the
steel Corporation granted the freight rates
asked will seriously affect the earnings of this
big corporation for unless specifications for new con-
structon in before of June it rarely happcpq
mat any new work is cotton in that year. Then again
the inability of the to get their financial reour.
nents is preventing them placing some orders for
equipment
our attention las been called possibilities of cut
in the dividend Steel Common to 4gs unless there is
radical conditions and very soon which
will allow the increased profit it's business
BUTTE AND LONDON
There great deal activity in this low priced is
sue this week, and the rallied to 81 cents 1t Ger.
ainy has great possibilities & London through
its Rainbow will have it's properv thor
oughly explored.
The reason for the strength in London was th,
report that the portion of the machinery delayed
the uhwaterns Of the shaft has been shipped
tive work at the wll during the com
ing week
The report of the Rainbow Company stated that S1s7,s
Iad been spent Sc far the Butte London contract So
1t can be seen 5hat all the preliminary work should have
been accomplished with this expenditures
SOUTH LAKE
Tile unwateriig of the South shaft was complctca
wednesday OF the past week sinking resumed At the
% u ''"sihS operations AT this property last July, this
s"''' VAS down to depth of 537 feet, the present
P's are l" sink This shaft additional feet before
commencing lateral work. At the time of closing
down this property the strike crosscus was
being driven northwest to intersect the amygadod odes
DESIGNATED as Mes l, on the 800 foot level which
odeS were encountered in shaft sinking 10 and
2lO feet and which showed values Before work was
stopped tis croSscut advanced in No lode
winch was the first encountered and the copper val
ues disclosed were good
This lateral work however .nerferes with shaft sink.
ns end 1t is the present plans of the management o
ter all Efforts in getting the down to the 900 level So
ta when lateral work resumed prosecuting can
be carried on from different points one of the
most important will be the ono To- be driven
southeast frcm the 600 level develop those odes dis
closed In diamond drill holes to No s. and which il,
Is Smatod viii require 1905 feet of prosecuting to reach
"St Us soon as the shaft has been the
lever and station will be resumed on the 800
'N'' c'Ss'ut To- the northwest crosscut on tho
' III 'hs erection both to explore the cut in tho
shaft g. ,sw,r-,-
rock crs'er plant has Installed at the property
~ '' al the vein matter coming from development
can he crushed and thorough mill test made rs the work
progresses.
According to President Edwards, the consolidation Of
south Lake with Lake has discussed a, any of
directors meetings neither matter been taken
up with him official way
Considering the low capitalization only g. eto shares
''nS issued South Lake offers great speculative possible!
hies The company had cash on hand of $4,000 a the
ccSe OF the fiscal S9OsI shares of unssed
STOCK Ia the treasury While require from six weeks
" wv" months hefore prosecuting the
wen underway VIC would not be at all surprised to see
STOCK strengthen considerably in that time
D'ec'ors Oh this company have advised stockholders
mat owing to operations still being handicapped at
NINE on account of the labor troubles they have
II advisable TO defer action on the dividend
TINS makes the second dividend passed by this company.
ana 1t is rather Disappointing great many stockhoid
Frs had hoped that small disbursement could be made
without mroirins the strong position of
many. --------
Continued on srd Page, Coils. I, g. g.