South Bend news-times. (South Bend, Ind.) 1913-1938, 1918-09-08

nied-Pres't Hayden stated that he
did not know anything of report
that company or Hayden, stone &
Co. had purchased Otisse property
in 50 called Matachewan district.
ID. c.. lacking said company had
4 been examining some properties at
Sitka but no reports on them had
been received.
ANACONDA-To Make AXles-
At request OF federal government
has taken up with this company a
proposition for manufacturing rear
! axles for army trucks. government
/ furnishing steel and dies. A ham
mer plant with q 7.5O0-pound strike
will be built.
BOSTON 4 MONTANA-Capital
+ Increased-Capital stock has beer
increased from $500 goo TO s25,-
4 100000 and the number Of it's
shares from 100000 to 5000. 900
at a par value of 50 each, according
to articles filed.
CERRO DE PASCO-Extra Divi-
dend-Directors declared an extra
dividend of % cents a share. in ad-
ditioB to regular quarterly dividend
Of 81 a share. payable Aug. 81 TO
holders Of record Aug. %. The
same dividends were declared three
months previously.
CONSOLIDATED INTERSTATE
CALLAHAN - Report - Profits Of
S179.576 for the second quarter OF
1918 were equal to 50 cents a share
on S4.649.9O0 capital stock Of $40
par value, or AZ the annual rate OF
S1.j6. The report showed that dur-
ing period there were mined 2S.215
tons of zine and lead-silver ore. The
mill and fotation plant treated 81
500 tons, which averaged 1913 per
cent zinc. A per cent lead. and 10
ounces silver: and from which there
was produced and shipped ISL
III pounds zinc, 1,t3S,59 pounds
lead. and 27,21S ounces of silver.
Total cost Of mining and milling was
S7.55 per ton.
CALUMET 4 HECLA-July Pro
duction-Thinning ranks of labor
wer responsible for decline in out
puts of Calumet n Hecla subsid-
iaries in July. Total production Of
all companies of 11,11S,426 pounds
of copper showed a decline OF over
1900. 600 pounds from June and was
smallest monthly output in over two
years. with the exception Of Decem-
Der. 1918. when it dropped to H.
/ $4,000 pounds. Calumet & HeCla
itself increased output some 100000
pounds 10 5,2S4.105. but this is far
short of its average monthly out
put OF 100000 pounds. Al Of
I major subsidiaries showed decreased
production. that Of Ahmeek-due to
fire at No. 8 shaft-was over 400.-
Geo pounds less than June.
FEDERAL MINING x SMELT-
ING-Earnings Improving-Has for
years been spoken of as "a dying
mine" since ores at great Morning
property became refractory Il Is
understood that through Improved
Metallurgical methods much better
r%ecoveries are being obtained and
earnings are improving. Has three
years preferred dividend cash de-
Quirements and this year is likely to
see disbursements OF account Of
accumulated preferred dividends
totaling 9 81 per cent on June /
last.
LAKE SHORE MINES-Reserves
Increased-Net earnings are consid-
erahly i'm excess of the amOun re-
quired 10 meet regular dividend dis
bursements. thus leaving "a substan-
tial margin go be carried forward
TO surplus each quarter. Develop
ment work is steadily gaining
ground on production. due 10 fact
that "a large tonnage of ore comes
from development work. As a con-
sequence. although production is
large ore reserves are gradually be-
ana Increased
MICHIGAN OBSERVATION-DISCLOSURES
uou-NIiu- j. being given q place in
list of future important producing
propositions bv many mining au-
til rifles NlchlE4u's performance
since l-- reiaveuatiou has been little
short 90 marvellous Through in
PRODUCTION OF modern copper min
m- methods management Il this
property Is pushing development
work a- GOOD rate and paving way
with d 1ood sized production Of cop
per. The rock is running close TO
a. pounds "a ton ~ places although
e Is necessary To do some picking.
F Openings are being pushed ahead az
good speed and about three cars Of
.cck are shipped daily to Wipona
nHr Tor treatment
MINERAL SEPABATTDN-Writ
Of rertinrari-Eilad with aunreme