The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1909-10-02


Lateral work oliver shaft being attended
with very satisfactory results.
LAKE SUPERIOR ARIZONA
Supt Fred Hoar, Of the Lake Superior Arizona,
arrived in Calumet yesterday confer with the local
directors OF company. leaving the prop
erty supt reports the at the bot
Level Of the shaft tapped a vein and simulta
neously heavy flow OF water He left before the
under control so unable determine the
nature of the this the water undcc
control a wire the mine expected any
time now. giving information as to the character e
the ground entered
That suphdes would be encountered in the Holt
shaft supt Hoar has all along been confident Of and
with this discovery the permanent body the flu
ture of the property would be almost assured
This the circulated that further
assessments would be necessary the Lake
Superior Arizona arranged for further
ing This. the report had IT, be brought
about by interesting certain capitalists An effort
obtain a confirmation this story was unsuccessful
though has denied a private soor-,
that a deal along the lines mentonc5 above
is being considered the chances point strongly o.
it's successful contamination.
Superior & Arizona is strong position
There outstanding only about $4,000 shares
The greater portion Of this is held by interests
who will not part with 1t at anywhere present
prices. The market OF late for the stock has beea
solely by small lots would but little ag-
gressiye buying double the present quotations Lo
cal shareholders always great confidence in
the mine and believe that their patience holding
heir stock win be amply rewarded
SANTA RosALlA-
The buying of this stock during the past he's
been an exceptional character. Inquiry brings
the statement that OF favorable nature is
daily expected the mine. Just along what lines
this will be is impossible to state. but believe that
shipments of some of the high grade will be made
very soon Rosaa in the past has shipped
ore which has gone considerably $1,000
it difficult guess just what would
happen If the company opens up very much Of this
class The progress of developments at the
mine have very rapid. The management is de-
termined open up profitable mine quickly as
possible and judging from the reports to date will
succeed.
COPPER RANGE
There has been some selling Copper Range by
Lake holders during the past few days This is due
partly the desire to into active issue and
partly to appreciation that the explora
tory work company during the past or
more has attended by results of graft
flying nature. The Baltic and Champion both continue
to maintain their excellent producers. and
there a slight improvement reported at the Tri-
per Range to buy other reinvesting the
proceeds in osceoa and Calumet Arizona.
LA SALE
The proposed mill made by La Sale has
been postponed for time being given
to understand. It originally intended to make
this test at the Calumet Hecla mill this week. The
test may later in the month
BUTTE ALEX SCOTT
There has heavy buying Of Butte Alex Scott
particularly in Duluth during the past few days and
the stock has advanced consequence. We are
told that there a pool. operating in the issue with
the intention Of putting price much higher.
ARIZONA & MICHIGAN
Under date of Sept % President Chynoweth, Of the
Arizona & Michigan yesterday received letter from
supt Nelson telling progress Of developments
at shaft. The south crosscut was in 12S
feet and in very until recently when 1t be-
came trine softer north crosscut had been ex-
tended
Apparently the vein dips at obtuse angle than
Indicated on surface the south should have
cut the fault about 100 feet from the shaft. No
suits in the north workings expected until the
crosscut had gone about The management
will continue the recent work The report thtt
the south crosscut had entered lode and four 30
barren is vigorously denied as being entirely without
foundation.
At the close of business Sept so after paying all
penses Arizona & Michigan had cash balance Il
about $4,000 which sum win ample for its needs
for some TO
COLUMBUS CONSOLIDATED
Late evening received wire from our sat
Lake correspondent the effect that Columbus Con-
solidated should be sold. and sold quickly We are
without further information the subject give
our readers this information for what is may
worth.