OCR Text |
Show UNUSUAL RECORD MADE BY CALUMET & ARIZONA Thompson. Towlo & Co. hare the following fol-lowing bulletin : The ability of Calumet. & Arizona to continue the $4 dividend rate and the knowledge of a long life, lo the company hy the acquisition of tho Superior Pittsburg Is responsible for the recent ?10 per share appreciation In tho stock, and It Is good opinion Ihat this advance does not begin to reflect tho true position of the company. It Is somewhat of a coincidence that the Calumet. A Arizona company -with tbe recently declared SI dividend lias to dnte paid stockholders ?00.50 per shfi.ro or just the amount the stock is now selling for. The Superior & Pittsburg end of the company has located what is probably tho largest body of sulphide ore in the Bis-hoc Bis-hoc district, not rorgcttlng the. Copper Queen deposit. This ore body is being extensively opened on the 1400-foot level of the Junction, although found above that level, and also on tho 1800-foot level, and on this lowest level It Is reported to be higher grade than 400 feet above, and the diamond drill Is fn be used to learn something of the ore bodv at depth. |