The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1910-10-03


estimated be worth In OF and half
million dollars. The Company has planned mill
within another six months and IL is said that when this
mill Is in operation an income OF $l00O00OO month
be expected 1t is estimated that the dump
si,OtO,OOO0O worth average $4,000
ton. and that the of milling this will about
$500 There bodies the lower lev
els being IA wide the other having width
of 2s feet At the present time there 80 work.
ing two shifts at the property. The management
expects 10 make shipments of high grade
Last June President Summerville visited property
and shortly afterward obtained the
pany. He has had the property examined by experts
and all agree that Santa own a group of claims
offering opportunities summervile add
ed in his statement all dissenslons were
now at an end and that from operations
progress in energetic and aggressive manner.
c. AND A. AND S. AND p
our Bisbee correspondent advises that Calumet q
Arizona Superior Pittsburg have both begun cur
failing production c. & AS output on a basis
of 1000 tons of blister month"; Superior
Ptsburg higher being the of LOO tons It
is estimated with the curtaed production calumet
* Arizona on 121z cent copper will be able
dividend requirements while Superior & Pittsburg viii
be able do slightly a new dollar for
old spent
The meeting of the directors OF the two companies
held in Calumet last without special signin-
that details the proposed merger were
discussed. The companies will be examined by
three mining experts who prepare separate reports
of tonnage future prospects, Upon reports
the proposition for consolidating based and SUBJ
mItted to shareholders of the companies Until these
prepared guess just what will be
the basis for the merger
Dr. Ricketts,. general manager of Greene Cananea,
o. he to and
two properties. DR. Walter Douglass OF the Conner
Queen is another name mentioned Of experts
to inspect c. A. and s. P- II is that the
directors of the two companies DESTROYS getting
J. Park Charming as third expert but he was
unable TO do
The action Of Superior & Pittsburg marketwise has
been quite feature The continues strong in all
kinds of markets, predicting good report 1t is a well
known fact that Superior Pittsburg looking better
today than before history having more ore
larger production promising pros
poets Because Of these existing conditions believed
that superior & Pittsburg will fare very well in the
forthcoming merger.
ELY CENTRAL
Ely Central showed sharp decline in Thursdays
trading upon the announcement that the which
had been prominently identified issue had met
with financial difficulties impossible at this writing
to state what VIII be the outcome this proposition but
it is safe that Ely Central require fnan
cling and in this shareholders probably find their
stock of great value. The numerically
doomed and apparently mining was done in news
paper printing than at the property.
ngs will be valuable Nevada Consolidated as it is
possible that deal will perfected which will re-
suit in Nevada Consolidated taking Ely Gen.
trails estate. .,stS
HEDLEY GOLD -, 90
There was activity in Hedley Gold this week
sales being made $500 a share. Hedley Gold
organized year by closely
nected with the United States Steel Trust
umet Arizona companies. l. NJ Merrill former Sup
erintenden of Calumet Arizona, head Of the
Hedley company. Twenty-six claims owned by the
company. located in British Columbia forty stamp
mill has operation regularly, treating
100 tons of gold daily August 18th to Decem
Der sst. the company s6ss52.OO earn
ngs for 1909 s1i45610O At the commencement of
1910, Hedey Gold had sS7sOOOOO cash in its treas
There outstanding 10000 shares at a par
value of $1,000. Three dividends thirty have
been paid. the being in July of the present year
Present earnings the about $500 per year.
ARIZONA AND MICHIGAN
Developments the & Michigan during the
past weeks have very encouraging the wnze
the 500 foot level the Tefair shaft having been
sunk sixty feet and through
OF carbonate a drift vein fifty feet
from the wnze also disclosed bunch carbonates
ground that is being passed through heavily mpreg-
mated with hematte and is generally supposed
forerunner OF copper suphides.
These recent developments gives the management
hopes that in a very short time substantial body
viii be encountered In the meantime, negotiations
being carried looking for extension of pay
ment the property which is due in February
all no been he'd 10
extension and the directors have every confidence
their ability operate the without any further
payments being made until such time devel-