The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1914-02-28

figures will exceed 10000
Second sales, it is reported, were made low IA
cents the week although the asking price of
lytc has been maintained at 147s sellers merel
quoting nominal market awaiting the arrival anothe
buying movement by the PROFESSIONALLY a
in the past when any demand appears this price will b.
generally shaded.
WOLVERINE ARIZONA
But few realize the possibilities company. for
they did believe the would be selling
low. According Bsbee advices, company a .
sufficient tonnage of sight make shipments a
the of day for a year
At present company shipping Mt the rate of TWEEN
W 4O-on cars monthly, but this will be increased
day At very early GATE The that is now bens
shipped will average SO and S225 per in
ANA silver values, lie readily there a good
profit in handling this grade OF
We advised by official company that during
the the home drafts amount
ing $1,000 and an amount of approximately
$4,000 additional is due the company shipped
for which yet settlement been made
Wolverine x Arizona has $4,000 hand
and in transit. This the manage
ment feels ut liberty spend a portion further
proving the property locate additional
bodies The body being worked is a sulphide
body Invariably sulphide bodies found bcnea,
Wolverine Arizona should good ere for several
hundred feet point where operations are now
conferred This portion of the Wolverine prop
erty has been developed from the Higgins tunnel this
tunnel being low down the side exposed
sulphde body where ordinary shaft developments
would have cut the carbonate and oxide
This company has a very friendly working agreement
the Higgins Leasing Company whereby the cost Of
operating compressor is borne Jointly by
panies the Higgins people using drills and Wolverine
& Arizona, using three, breaking one
on development work. In short time, additional
chine will put development work. About fifteen
men employed working double shift
This company organized in 1906 and has
ing 9756 shares 81 raid 2l,792 fun paid
the value of which $l5 Since organization the
company has levied 81 per share assessments
the total amount of $9L32 called there is
company about $500 and will be
NJ to the collection Of this delinquent Tho
company has held delinquent sale.
CALUMET eIseEE-
We understand that negotiations have been closed or
will be closed shortly the of this property to
the Calumet K Arizona. While have unable to
get anything definite to the considerations we have
believe negh6orhood of 81 25v
for the fifty the company in the Bis
bee district.
This would allow for cash disbursement approx
naey $3.50 per share 1900 shares outstanding
ana would be the final liquidation of the com
pany.
1t was conceded that the property had considerable
merit and might prove quite valuable but owing to the
snalncss of the territory and funds to prop
ry develop it. the directors apparently though advis
able 20 consider reasonable proposition for the sale of
he entire
While the amount that probably will received i'm final
liquidation is only small portion amount originally
paid in viii be Welcomed by great many stockholders
VINO had given hopes of receiving anything on
heir original investment
At the time of the organization company il was
hc boom days for the Bisbce district and many Other
companies launched number which fell by the
stockholders, which only prove advsablty of
my company organized owning "A least a portion of its
property outright.
COPE RMlNES-
Stockholders of this company becoming dissatisfied
yer the lack of especially the Ciroux share
"stcd ON all Developments, particularly they were any
FAY promising
Vt the time OF consolidation, Of the engineers re
ortcd there 100000 of possible and
ne developed During the past few months this tonnop
aS been increased considerably owing the find ON the
hma claim which adjoins the Liberty Pit claim of the
'evada Consolidated. Three drills have been kent in
peia'ion for sometime at this point, two additional
rls with capacity Of 14OO feet have been ordcrod
has lpan piNn y,