The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1910-12-03
CU E6EsTP OF THE c. oP ? a!:!s s
- 1OOO11 ''''''''''','.' COMPANY


of additional stock the future bringing the
OF stock outstanding from 10000 to $780,
900 shares For the present It is hardly likely that this
step will be taken The acquisition of the property
outlay of seoOoOOoo will necessitate this step
The company made payment of s15oooooo the
purchase For the next three years like is to
be paid until property is entirely paid for The
ment of si5OooOOo year win represent slightly
than sioo share hut with copper selling at thirteen
pound better Quincy should be able to earn
$500 year and in addition enough meet its require
ments above mentioned.
1t is understood that during the coming spring, Quincy
will naupurate aggressive exploratory campaign In an
effort develop the Hancock West lode, which at the
Hancock property is opening satisfactorily
BUTTE BALlAkLAvA-
An amicable adjustment the difficulties existing be-
tween the North and Tuolumne companies, and
the withdrawal all litigation between the Amagamat-
ed and Raven companies would Indicate a decision on
the part of the large companies to adopt more
conciliatory policy with reference o smaller
panies operating in the For this reason it is
believed the Anaconda and
Butte Baakava companies will De settled out OF court
The report in OF preparation by DIR. Walter
Harvey Weed should prove of great weight in the adj
istment of tho yexsting difficulties. There is posi-
biity something definite along the lines above indi
being consummaed before the close of the
ent year.
Butte Balaklava is shipping at the present
time, is combining it's efforts entirely to the devel-
opment of the veins upon which restriction by in
junction has been imposed.
coRTEZ-
Developments at the corteg property continue in
energetic manner. Up October 18TH the company
lateral for distance of 5000 feet
m
ture. present time, $50 employed at
the corlpanys several properties.
BUTTE AND LONDON
The officers of the Butte & London Copper company
cndeavoring to raise sl5Oo0.Oo judg-
against the property. There insufficient
proxies returned for the meeting recently called and
for this reason, it impossible borrow money
the company's holdings An effort is being made
to sell the Butte London machinery. the proceeds to
toward the liquidation of the Judgment There is no
likelihood of the resumption of operations at the prop
erty for time TO
WlNoNA-
The fist head of the winona- King Philip stamp
mill is practically completed, and ready to begin oper
atoms time this month Wnona will
OF this head and will begin to provide about 400 tons
of rock daily. Milling will probably begin in the
of the next month.
Those who nave inspected the developments at the
Winona most carefully confident that wnona will
be able to at least fifteen pounds of refined
copper to the stamped. which a conserva-
tive estimate. The has shown good buying in an
tcipation of the forthcoming commencement of pro-
duction.
SUPERIOR AND BOSTON
The unusual decline in Superior & Boston yesterday
when 1t sold low 81 SIS this issue the fea-
ture of the local market The selling is attributed
cleaning up weak accounts, and as soon as the
low prices recorded. excellent buying was in evil
dence and the issue promptly advanced and yesterday
closed at Sc bid There absolutely no reason than
that outlined above for the decline. our Globe cor
respondent yesterday us the following telegram
concerning late developments at the property:
Drifting the Great vein at the eight level
of Superior & Boston shows the vein between walls
to be 81 feet horse of quartzltc fourteen wide
splits the vein in the the drift so that the act
ual width of copper stained matter wide The
highest rate of specimens assayed from a tense
running from to three feet wide on the foot wall
side"
Earlier in the week. correspondent wired us that
assays from this Tense high as six and six tenth
per cent copper. The face drift was then about
$50 feet east of the point in the sixth above that
where ore first encountered that the favorable
developments above outlined indicate that the
company would commercial ore earlier than was
generally anticipated
president w. c. Rice is in Globe and when adj
vsed OF the weakness in the selling price of the stock
wired follows
Mine In excellent condition Our west drift I'm the
eighth level is in ground and indicates
approach TO ore body Tenth will be established
Immediately 80 that we will shortly able to open up
~ anu west ore bodies of these two levels consider
properly intrnsically more valuable today than when
stock sold at much higher figures"
Considerable interest attached TO the animal meet
ing OF The stockholders which will be held next ,vees