The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1914-01-24

|
following outputs in December of 1912; Baltic $685.
maintain 44s; Champion 1196 The combined output last
month was 1907 compared with 2,57s in
December about AZ cent The November output
was 30 per cent the corresponding month of
| 1872 october "a per cent September per cent
NEW ARCADlAN-
New Ylrcadans opening OF unidentified fourteen foot
amy daoid ven gool content, this
distinctly the important development that prop.
ory since the undertaken. The vein was
met in the from the shaft depth
of $50 formation contains heavy for
feet then turns lean to within three feet of
the footwal where there is stratum nearly as rich
the az The lode's characteristics at this
give it no with known formation
region Drifting will be commenced this week The
has two machine crews and work will be advanced
rapidly possible
CRANKY
great talked of for this certainly
past for CRANKY of big
features of the metal stocks The banking people
the CRANKY bonds who compelled
them, reported have stated that
substantially all of them have been placed in investors
hands.
We hardly consruc this buish argument the
unauestionaby this has
banking people who underworld the bonds in
der they could readily find a market for the
These convertible into stock 800
share selling points
,nvertibe feature by attractive. However.
with the the eighties, probably has resulted
allowing banking them each point
advance makes convertible feature attractive.
HouGHToN COPPER
Operations this property o u very
small early this The under ground
sists of five boy day shift There is but
miner The is engaged most of the time in sinking
the Wine and is doing in the drift the
probably will a
| GREENE cANANEA-
This OF features markctwise the
week. selling practically ten points A2. There
important developments o
big advance other than the Mexican news and in
the latter is hard distinguish the
the bad OF with the approach the time
for dividend action activity in the stock leads
hope the best it is possible dividend
per share Will be declared part of
the quarterly period January
During December company produced
100000 pounds copper of gold
ounces silver. This makes estimated output the
Greene Cananea company pounds year
1913 \ year company produced iSl57OOO pounds.
This would Indicate that the comranys output for 1919 will
1872 though in reality
| Greene Cananea company is working much better
than capacity plant, it
that with the modern Improvements installed Greene should
|
"A n-cen market product o
IS 100000 pounds company was S..
jSO4s. Assuming the during 1912,
production hfeen-cent metal market which tho
average price "copper" approx
imaely sl6OO,oOO This is ;s2O he pres
capitalization quite likely, however the costs ver
higher the overhead expense the
| with the lowered output
The treasury balance up during 1913 as tha
company did pay dividends quarters and
it is possible the the distribution
c s1oO by drawing the surplus small difference
The company would then good balance as II
did ago.
QUINCY
ON Friday this company 1000 rock to the
mill This about three quarters normal daily pro-
ducon All the shafts working double shifts ami
the smeter is practically operation Quncys i'm
ported rapidly developing into first class tram
ners aud some Of them already doing good
the machines over 1850 work underground
July, the mine short at that time AMI
is considerably than strike The strike
no disturbances for many the few remaining
strikers show belgcrency Apprehension among the
working miners has entirely disa ppcared
NIPlssNG-
The financial of January g. 1914 was mall
dividend check No 49, and shows "a slowly diminishing
treasury balance which is rather a surprise
Three months ago, this company cash. bullion ant
sued shows these items si,2As7sl. This makes
of