The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1910-01-01

This news has been expected and is probably responsible
for strength the during the past week or ten
days No. will the southern portion of Mo-
property region believed be the richest because
OF the developments al expected from
No. shaft although win a producer much
before tho close the coming The shaft is now
about 800 and is of the most modern in the
Lake district
NEW KEYSTONE
There a growing interest being manifested in New
Keystone Indications point strongly this becom
ing a prominent with a consequent advance In
quotations Efforts have been made to keep from the pub
lie the developments the property Tho
New keystone the Keystone property in the
Miami camp and group claims admirably located.
There question but substantial bodies win
be developed the in fact development work
already under has disclosed highly gratifying results
The New keystone organized with capital of
sSOOOOOO divided 100000 a par value of s.
each In taking over proper3 shares of stock
given Keystone shareholders and agreement
entered into to expend 100000 the claims In the
first year. The options expire May and call for
payment then 100000 The stock that is finding
its way the market is from the block of 6iooo
shares issued to the old keystone interests.
AS the New Keystone finds it opportune VIII
additional stock and given to understand from
thoroughly reliable this issue will BE-
sold for at per share 1t is quite evident that tho
General DEVELOPMENT will not make the same mis-
take Keystone that 1t did with Miami that -
let the public price IL sussman. repre-
sentng Lewsohn saying that no
issued before March l. 1910 and that the
price would probably fixed per share Coming
under auspices of the General Development COM
pany and the Lewisohns the marketing of large block
of New Keystone would be very simple task.
In commenting on late developments the New Key
stone property special Globe correspondent wired us
this week following rather interesting statement:
Drifts running the $50 and $50 levels
of New Keystone also from the DRIFT
west of the 2Oofoot opened body OF
sulphde having of the spec
mems have pure chacocte Most of the work on
the New keystone Is being done the levels above men
has been reticent concerning the
developments FOR past months but personal in
speeon recently made gvcsa ample ground for believing
that very valuable There has been heavy buy
ing Of late which fact coupled
with sccretive policy Of the management and the
apparent mine may indicate contemplated BOOM
| There has been selling of Miami and the REIN
vestment proceeds in New Keystone. From
speculative standpoint this step be regarded very ia
vorably giving approximately of Miami
New keystone being undeveoped property.
Keystone company did considerable exploratory
the property but handicapped by reason OF
Properly financed will be New Key
the entire Miami
The General Development Co. has taken 100000 shares
of New Keystone, only small portion which
distributed
HANCOCK
Drifting West equivalent to the
twenty first level at No shaft Hancock
under way. up very stamp rock.
in up to best yet opened
Is opening extensive stopping ground and when it
adv form will haye NOD inicitv I'm wing
large quantity OF carrying mineral
spring the permanent equipment will
stalled. Before the year plans pre-
pared stamp mill. While shareholders will bs
asked contribute additional contamination
these plans money will forthcoming very
readily 1t is quite safe to predict that within another
viii only a self sustaining basis
equipments entirely paid for.
SUPERIOR AND PiTTs6URG-
Superior and Pttsburg practically If cash
and hand taken into consideration.
company is in better position today than before
it's history The year 1910 promises a very
full Superior Pttsburg and 1t would not
be all surprising should a sufficient surplus be accu-
INFLATED before year 1910 to admit of a
dividend being paid shape Christmas present to
patient shareholders. company is established on
dividend paying will able to so continue in
definitely
Superior and Pittsburg earnings months pas.
have averaged between $4,000 100000 per MONTH
result of the operations that period AS tho com
little less than soooooo It viii that earnings
have w his out onttr