The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1910-02-18
GOSSIP OF LAKE MINES.

osceola Consolidated and Tamarack
subsidiaries OF the Calumet e. Hecla
Mining company, will have surprises
for investors before 1910 ends. The
Calumet a. Hecla, the parent company,
has I'm IL and its family of holdings,
resources to assure the future contin-
uity and permanency of the big COM
pany as a large producer of copper and
big money Garner.
The Osceola, If conditions warrant,
can make a product that would be an
eye-opener and the earnings would be
physical condition, prepared for any
emergency.
The Tamarack is writing history
that will delight holders of shares. All
that has been said of this property is
being realized. The change i'm stamp
ing and adding to the copper recov-
cry per ton of rock treated and every
pound per ton thus added will mean
not less than $1.00 per share for stock
holders. 1t will be of interest to watch
all three of these mines, and while
watching them to keep an eye on what
the shares may be doing.
The acquisition of canal lands by the
Franklin is most important, and Is well
received in the Lake Superior district
and the taking of shares for same by
the ST. Marys people is the bull poilt
to the stock These lands round out
the property. and give the Franklin
mineral territory second to few mines
in point of acquisition and portion OF
mineral range. There is yet but little
development with the good known
lodes, and many strangers traversing
the lands, any of which make mine.
The openings on the Pewabic lode as
the shaft goes down, are in runs III
ground that should pay handsomely
for stopping for the Franklin to make a
big mine which will please the Lake
people The management deserves
success as they have kept everlasting
| w at II. and It now looks as If they are
about to win.
The Bohemia, the latest property to
go on, being near Lake and Indiana
etc. is most promising as the land Is
so located as to be free from disturb
ances and the over burden is not like
" to be heavy. Drilling will soon be-
| gin.
Lake people arc interested in the
starting of production by the Superior
q Boston Co. Pesident William II
Rice, now at the mine, sends news oil
the resumption of shipments of ore to
the smelter of the Arizona Commercial
| Co, and this should mean the begin
ming of a new era for this property, III
which sufficient ore has already been
blocked out in the Great Eastern SHAFT
alone to keep up shipments for over q
year without any further sinking OF
lateral work. Much is expected from
this property.
The report of the Keweenaw Copper
Co. was favorably received, showing
cash on hand December 81. 1909, oil
S113.66S.OO and bills receivable largely
delinquent $71,S45.OO, enough to drill
and locate and prove the possibilit;
OF more than one lode of commercial
quality i'm the large acreage of minera
lands owned by the company.
Allouez continues to open up ricf
runs of stopping ground that VIII SHOW
m later on in results when rock il
sent to the mill.
The Centennial shows marked Inn
oro,,anent and returns this month viii
be better than for some time.
Stamping of rock from both La Sall'
and Gratiot may start any tlme as 'n'
facilities for a mill from these 1--WE
properties ar now available in the Al
louez Centennial mill. The run iro"
the La Sale is awaited with interest
as IT pomises to be good one Ih'
Gratiot will show fair teturns, 1t u
expected.-J A. Mlnnear & Co.