The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1910-03-05

only nderently successful The mineral contents OF Us
rock have shown a tendency to grow less. 1t is be-
eved that If stopping in the ground being opened
up tributary No. would be undertaken. the
mill results would be satisfactory. The stock was
rather during the past few days. bat any price
under $4,000 per share issue good specula.
tive possibilities
LA SALE
La Sale commenced shipment of rock to the Gen.
tennial- Allouez stamp mill this week. The initial
win be watched with than passing interest, for
il is quite likely that the mineral will show
fairly satisfactory condition Shipments that have been
made entirely from the Tecumseh shaft, and
judging from the OF this rock, should
about 25 so pounds of mineral the ton Inasmueh
as this rock entirely from the drifts and shows
practically selection, returns above indicated
would be very gratifying.
The Tecumseh shaft the 18th to the 18th level
has opened up very excellent ground. The lateral
both north and south have opened up good Stopping
ground. There is head available at the Centennial
louez mill which be used exclusively for La Sale
rock in the that the management desires to main
tain regular shipments. Openings date suni.
Client to easily provide 300 per day for
milling pile is also available, and would
make it possible for La Sale to maintain shipments of
least 500 daily desirable. During the
past week, Sail stock been extremely active In
anticipation of the mill run now under way 1t has
sold above $1,000 per share with good demand at all
times
While the Caldwell has proved rather dsappoint-
ing to date, it is expected that when further depth is
attained, the Kearsarge lode will be found showing
greater enrichment than has been far discovered
in these workings. Good progress is being made ut
the shaft being sunk the Tecumseh
HANCOCK CONSOLIDATED
No. shaft the Hancock Consolidated bot
toned below 2.10O feet. AS yet the No. west lode
has not been encountered. Those who have been
watching developments this shaft inclined the
opinion that the No. and No. lodes have to-
geher cut months ago at No. shaft
At No 1 shaft the two veins less than so feet
apart and then showed tendency to together
Should this true, important developments at
No. 2 shaft will be expected until the main lode is
reached which will a depth Of approximately $500
feet.
The Pewabic west conglomerate will be encountered at
depth of $500 feet, while the Quincy main lode will
be reached depth $500 feet.
Drifting in No. lode ut No. shaft has not beea
pushed of late it nterfered with sinking this shaft
AS far opened the vein shows excellent grade
Of rock. "A is being extended this shaft
to No. 1,SOO-foo level. equivalent TO
the 21st level of No. shaft At No 1 shaft the Wine
going down in No lode is below the 10th level and
from the 18th to the 18th levels has opened up
ceent ground. There have been large blocks of Han
cock withdrawn from the market during past
few months being purchased by investors This stock
has blocks of 500 5000 shares,
making the available for trading purposes
smaller than the very light offerings
and continued good showing the the quotations
the stock well maintained In the event of any ia
vorable stock market, will undoubtedly sell
higher. 1t be regarded of the best in
vestments among the producing issues in the
district and while is quite certain that shareholders
will be asked to make further contribution to the trea
sury for the erection of stamp mill and provide ad
donal working capital such calls will be made will
be readily responded to by shareholders
ALLoUEZ-
The annual report Allouez Mining Co. issued
this week very favorable document While it
shows profit of approximately $4,000 in mining OPP
eratons for the fiscal year. this reduced to
profit of $4,000 by of the interest charge it's
liabilities
The interesting portion of the report is that which
makes deduction possible for during the present
year. Since Allouez able to show profit
suit of operations during the trying period of the
just closed paid costs, which included the
sinking of No. shaft until the lode reached,
that this shaft is in position materially assist
In the increased output it is evident that the
company will be able to show considerable profit for
1870 The production for 1909 than 100000
pounds and the year should show increase
of fully so cent with the reduction In
the production costs
i If the metal market continues to rule at present
prices the year. Alouez should
able to hqudae entirely all OF its outstanding obliga-
ton, possibly showing balance in its favor The
rany Is making the best record in its history In
stamping The mineral contents for the past month
two have shown a gradual increase. and February