The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1910-09-19
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BOSTON, SEPT. ~.

against 1000 for the These encourag-
ing figures considering let-up domestic demand
The trade ietup has they simply using
copper here they cleaned up
smelters pursuing the hand policy that
a habit with them. During the
a recession the price owing let-up demand
which caused my by the fact that everybody
pretty WELL naturally when the buying
petered out. sagged Production has
been so rampant during August, Sep
TENDER figures will doubtless those
month. by November first spite trade let-up
this side the water dmnuton in the worlds surplus
viii DE shown of such proportions give active
nope that the situation again a sound bass-cody
SUPERIOR & BOSTON,
superior devoting all its efforts
ward the opening of Great Eastern body through the
McGaw shaft The station a depth of about
correspond with the levels the Arizona Com
mercia The McGaw will be continued to the ninth and
levels these laeras opened up will
Superior property OF large proportions
and put in shape for a big production. ' .' 'a"
The that Superior has discontinued pro-
ducton the time has by shareholders
la right deplete bodies
copper low when production costs must necessarily
to high is hardly be regarded While it is
company doing than pay develop
ment these shipments this fact cannot be
garded sufficient make it advisable to continue
doing.
in get the old Great Eastern work.
ngs necessary first to hoist from the Wine and
shaft where it had to be hoised again
The margin of profit after this unnecessary work is done
is small diseontnuance step in the right
direction. When shipments resumed by Superior
& they be greater volume than ever before
and will he attended wit
In the meantime, Superior & is financed, meet
immediate needs. We in position to state
that need be looked for viii there be
any stock sod financing is requir
ed months slAqc "a.
The Gardner shaft is being given attention plan
suggested whereby the entire property could be
worked through shaft Long crosscuts would
develop the territory lying between the shafts That
such plan feasible by similar work
done by the Old Dominion its Gray shaft. This plan
will probably decided upon soon. Superior & Boston
from market standpoint has been rather dull although
maintains it's price WELL
FREMONT
| The directors of Houghton Wednesday,
levied Of $500 share $1.O0 payable
November ih and sOO January 15 1911 These calls will
provide company with funds sufficient contpue
eratons push developments aggressive
Fremont 10000 shares outstanding Recent develop
property very encouraging on the
extended 12O feet and is
breasted disclosing the vein feet wide and
says have taken showing 5.S1 per cent copper
TWIN LAKES
Twin Lakes continues diamond drilling Section 2S.
Work Section % and % has abandoned. The
pany has exhausted its and it is likely
that in the the two, it will cease
operations entirely unless the drilling Section 2S dis
closes satisfactory results than has far been
attained.
Twin Lakes organized exploratory company,
that developments far have been unsatis
factory is at all surprising the tract of land which
under option located offer only POSSIBLE
tiles. However when organized Lakes appeared
good prospect but with later developments to
have the sandstone to offer
hope it is quite likely that when
the companys funds are exhausted options per-
mitted to lapse.
SOUTH COLUMBUS tl
At meeting OF shareholders South Columbus
and the Alta and Heca held September 5th the plans Of
the two companies approved. and a company
known the South Hecla Mining Co. organized
to take over both properties
opposition merger proved consequence
Those who instrumental in the claim that
they will be obtain the funds
sary for the aggressive development of the properties
The South capitalized 100000 a par
value OF s10O per share South Columbus shareholders
will be given share of South Heca for each five shares
they Alta Hecla stockholders will the
same. is proposed this
provide the money for the
ton of operations After this block of
South Hecla will have treasury, 100000 shares and
there will be but 100000 shares outstanding
CHINO
Chino the OF the issues the
past week, selling high s1725 The advance and
tvy brought about largely circulated that
the company proposed to 100000