The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-01-26
MORE new WORK
THAN IN YEARS
CHALLENGE GIVES PROMISE OF
MAKING A MINE.
Conditions Among Lake Superior Cop
pers Augur for Continued Prosperity
-Ahmeek and Allouez Benefited by
Recent Developments - Assessment
Coming Upon the Centennial.
Special to Tho Journal,

Special to Tho Journal.
Houghton. Mich, Jan. 26-The new work al
ready under way and planned for the opening
of spring Is more extensive than for several
years The shaft on the Challenge property OF
st. Mary's Mineral Land company l. making
good progress. The Challenge gives promise of
making a mine, and developments have stiffened
the price of st. Mary's stock. This company Is
the owner of nearly 100000 acres of land,
mainly the mineral belt, and might with
justice be termed the mother of mines Of the
lake district, as the Calumet Heca. Tam
arack, Baltic, Trimountain, Champion and many
other properties have been developed upon lands
bought from st. Mary's company. These lands
were given the company by the state in return
for the building of the first ship canal at Sault
Ste. Marie.
From the income steadily furnished by the
Champion company. ST. Mary's Mineral Land
company Is finding the sinews Of war for .
further advance In policy, this last step being
the development OF mines upon its own lands.
of which the Challenge Is the first. with It's
enormous landed holdings, much OF which -
located advantsgeously, the company 10 eersao
to become an increasingly important factor IN
the lake copper field. Less Is heard OF inns
company than Its Importance warrants, FOR the
reason that its shares are not listed ON the
Boston exchange,
The foregoing applies to some extent also TO
the stock of the Ahmeek Mining company, Ihesa
shares are not hsted and are traded In upon
the curb only hence the number OF shareholders
is limited though steadily Increasing, and Tar
less interest is taken In the property among
eastern Investors man III many hihes VI ou'
fraction of It's promise, The Ahineek Is deveiop-
ing into q fine property, and as sdrift-stopes ara
being carried ia sending tonnage OF seod s'aihl'
rock to the Isle Royale mill, the proceeds
from which win apply on eest or deveiopn'ehe
and win relieve Stockholders of assessments
Alleae8 which lies next to the Annex ana
I Is hepeatsd In prospects, by the favTaMe de-
yelenmsnts heins made In the lstter,named
/ pEppsEty, win eWt the lode at three points IN
ASSNNt enc meRta> A., co.,,
NAV he accented as eeENtRs fset, An assess'
ment Sf Sc to So share IA locked IeS w
care feE the aoatias debt and provide funds fol
/ further development underground anu ON sNt
race, The stock Il weak, In expectation " e'
! sssRssmeAt .x
/ me SAHeEtsS eanpeF company has aEaAss(
/ with EINegy 4 Fucker " 8esteA ~ hisee Wv
tssSs es its treasury stock, RteesNS sees,
HANNA SHARES, the Ptiee & Whieh WIZ VA Nv
lNksltAesA No 81 q share, fhe Safef'W eM
me ESesssS NEXT north Sf the halti& hMAMt
EsalSy IA ssettaN Ia sea h@ As eNfsaaitst'
Ss a esSNpNEAttyely small sNm ef meaeS M
sSpssea the NeEtAeEA eStessleh OF Ae hsla,
lS,sse, Witch h welt charged Win stsme eefes.
aea sensational barrel wSFk, gtslRs every mas
Ss,lsN Sf AeSetspsas tNta an sNeelleht miMe, .
me Eyle h ontario heSeth,aeht eSMteW -
another nSstsN. ttSNsNtSN COMPANY Met VIZ
make It's ssw ~ the pNsile ~ feheaaeE. ~ Y
SNSsSe,eA financially along MNeN the same line
as the successful Rotations W the ea'amet
ArlsSNa and stltea companies,