Bisbee daily review., 1903-07-26
WARREN DISTRICT AND OTHER MINING NEWS

bank. Houghton, Michigan; John B. Curtis. secretary, vice president of the Northwestern Development syndicate, Calumet. Michigan; Edward F. Cud- dihy, treasurer, assistant cashier First National bank, Calumet, Michigan.
 The company's property consists of seven full claims and six fractional claims, comprising 220 acres, named as follows: Dewey, Bisbee. B. c. Dun lap No. 1. B. c. Dunlap No. 2. Oden. Lovers Leap No. l, Lovers Leap No. 2, Summit No. 1, Summit No. 2, Sum- init No. 3, Saddle No. 1. Saddle No. 2, 1 Orphan Boy No. 2. and are situated di- rectly west of the Copper Queen Min ! ing company's property. and less than 1,500 feet from the White Tail Deer claim of said company. from which | S60,00 worth of ore has been taken, ! but a few feet from the surface. The company has issued 5000 shares of full paid and non-assessable stock. for which they received s30.000. This stock was issued to make the first payment of slS.OO0 on the prop erty, leaving a balance of s12,000 in the treasury. The directors of the company have decided to issue 15.000 shares of development stock at s1O per share, payable s2.50 cash, s2.50 on the 18th of September, 1903, and the bal ance to be called in by the directors as development work requires.
 LAKE SUPERIOR AND PITTSBURG.
 If you have any doubt about the new companies being in good ground, it win brace your faith wonderfully if you will have a talk with those who are eonversant with the situation cu. at the Calumet & Pittsburg and at the Lake Superior & Fittsburg.
 At the latter property the past week has been especially effective in bring ing out new proof of the near approach to ore beds of great extent, and the encounter of large ledge of ore in the shaft in the vicinity of the 1100- foot mark on Wednesday night last. should prove a very reassuring event to all who have an interest in the progress of things with the "big ones" Recently, too, in the drifts of the 1000-foot level, ore bodies of consid- erable extent are said to have been met with, distinctly paralleling the conditions which have obtained on the 90O-foot level at the Calumet & Pitts burg and which, owing to the differ ence in elevation of the surface levels of the two properties. brings these two levels underground probably di- rectly opposite each other.
 In the Lake Superior, the most re- assuring symptoms are now showing in the bottom of the shaft, and as the 110O-foot level will soon be started, it is thought probable that few weeks drifting there will bring out news that is news"
 While emitting to give out any specific information, the company's employees make plain by their attitude in conversation that there is not trace of doubt with them as to the assurance of ore bodies, equalling in extent and character any that have yet been opened up in the district.
 This of course Is the great crucial point to which all eyes are directed, and the question is constantly being asked, will these companies strike it in the next few hundred feet?" So far as an answer can be given, 1t must be limited to pointing to the present indications, which certainly are of a reassuring nature, and are such that the majority of local people who understand them have the strong est kind of faith in the future.
 Work here is being pushed with the customary vigor, ald few weeks hence will probably see the introduc- tion of a more extensive machinery plant, to enable a large amount of de- velopment work to be undertaken. l Water continues to come in, at about the usual rate, but this is promptly handled by the facilities already estab- l lished.