The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1910-06-18
Continued from page three.

the and indicates that Green Consonuateu
pended lisa cents to produce and market each pound
of copper it sold. This increase of slightly more
than per pound the record for six months
OF 1908.
The year 1909 disclosed the fact that Greene Console
secured 4i12 pounds of copper per ton of ore
treated against the before. The decline
while quite serious Is not considered grave by DIR.
Ricketts,. general manager OF the property. He states
that drop the yield is due to Strengthening out
our mines getting them in proper shape without
unjustly depicting losing and a
table cause the in yield owing to
being Obliged to extract lean material which
lies more valuable ore. which had to be extracted
lost"
President Thornton prefaces the report with remarks
apparently prepared for the purpose of inspiring the
shareholders with in the the prop
erty. to explain the unfortunate Sierra
Madre Land DEAL but falls woefully short of reassur-
ing stockholders this point 1t rather tame
tell Cananea shareholders that what
was placed the books s765OOOO but actual
investment of s650OOo.
The report contains mention of the suit instituted
by the minority stockholders an accounting OF the
proceeds of the sale of 100000 shares of Cananea Cen
stock and other items This suit has been given its
start and will be given hearing in due of time
While the matter has been permitted to for quite
time this is not Indicative of lack of rmness
the stand the minority stockholders or theI
company.
We can hardly regard Greene Cananea stock as al
satisfactory issue in view of the report issued by Greene
Consolidated. the contrary earnings Con-
soidated for year 1909 given $544.1O7 or
equivalent "a cents the 1000 shares of Greene Con-
solidated stock issued This would be equal to about
twenty share the 100000 shares which
Greene Cananea is capitalized.
KEWEENAw COPPER
Diamond drilling from the bottom of the Medora Shaft
of the Keweenaw Copper company has discontin-
ued for the time being at least All efforts from
will be centered the Kearsarge lode. The shaft
being this passed foot level
is be turned to reach the lode Where the vein
it disclosed commercial Diamond
drilling will be continued in the hole where the Kear
sarge vein weeks ago, and where the vein
disclosed satisfactory condition affairs to exist
The management is much encouraged with recent de-
veopments at the property and enertains hopes that
the Kearsarge vein will yet be the of making
Keweenaw profitable producer in due of time.
funds sufficient in it's treasury easily
carry operations for the without calling
shareholders further contributions.
NEW KEYSTONE
There a revival of interest in New Keystone
Thursday the report that ]. Parke Claiming
preparing a to be issued to sharehold
ers in very future. This report, It is
derstood will indicate that New Keystone has blocked
out approximately 100000 running about
and three-fourths copper, and like amount of
probable ore"
Operations New keystone have surrounded
by secrecy since the organization of the company.
Efforts of shareholders obtain information the
companys officials has been attended with no
success definite statements were concerned.
There ascrbcd this apparent secrecy.
md Ind IA thaffb Tho desire 10 hattie
perfect its holdings before making public
Developments
Another which undoubtedly influenced the
stand of issuing statement developments the
fact that the bulk of the company's outstanding
is held by the General Development company the
ganzatiop which brought the market Miami
eral other propositions New keystone issued
about $4,000 shares issue of 1OO-
900 shares at IS share made the proceeds pro-
vding the treasury with 100000 sufficient for
New Keystones needs for some time to come Addi-
tiona financing should not be necessary plans
for the construction of concentration considered
Inasmuch as New Keystone is controlled by the
interests that dominate Miamis affairs It is highly
probable that the Miami concentration will for a time at
least handle New Keystones New Keystone de-
veopments to date have been confined entirely
to churn drilling although mining opera.
lions were conducted by the old keystone company
NATIONAL MINING AND EXPLORATIONS
Under date of June g. President Franz A. Woodward
issued the following letter developments at
the National Mining & Exploration property:
The results of the development work at the williams
shaft on the Iron Cap property during the past few
weeks, have fulfilled earlier expectations.
station the level of the shaft and
driven 112 feet SOUTH At a point in the
crosscut so feet south OF the shaft the zone
was entered This was over SO feet in width stringers
of high grade copper found in it. Drifts
were started east and west prove continuity The
drift west has been extended feet following n