The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1910-03-12
i'm the long run.
ARIZONA AND MICHIGAN


from the Telfair shaft at the level has been
tnued Work may be resumed there later r.
crosscut In quartze. on March 10 s,,,
the Black Bird shaft. located of the Telfa
resumed In one compartment from present deptb ., .,
feet This SHAFT has been put down a four foot vol,
containing considerable iron and manganese Roth
foot and hanging walls in limestone South o..
cut from the Tefair is 522 long and is being a
through shae"
Arizona and Michigan has funds sufficient 70
tinue its south crosscut the Telfalr shaft ana M
the Black Bird shaft to depth of at least 5oo o.,
The Black Bird has heavy iron outcropplng an,
offers much promise for future developments
MhNeAs DEVELOPMENT
President Hare, of the Mangas, wired this wool, -.
FOLLOWING from Silver City, Arz Just back from, ~.
Mangas property. Drill on ST. Paul claim hoe -
through the Humbolt vein thirty feet width and
is well mineralized. Foot hanging walls we'll :,
fined. This is great showing for a Burro Moup,o,
property President Hare accompanied by Josepb
Selden, director the company are in silver Cn
to attend the annual stockholders meeting The all
sence OF much stock the market makes II opito
likely that higher prices for stock will be noted
long.
SANTA RosALIA-
All reports from Santa Rosalla Indicate that deyclon
ment work is being pushed in a vigorous manner
The latest report from the mine indicates that NJ,
8 raise from the S5o-foot level which is in virgin
ground and west of present workings is in the best
yet opened at the property. Sinking in the shaft
is also being continued. buying of the stool, con
tnues to be heavy locally.
INDIANA
One of the strongest of the Lake issues during the
week Indiana. which sold as high as $44a an
advance of almost ten points since week. The rise
attributed to dscounting favorable news in
dril diana has four drl
work on its property. No. and holes should the
lode at about the time and OF this
news is momentary expected The advance in Indiana
is light The buying of recent date is
to pool operating in the issue, and this pool has
been materially assisted investment purchases made
by New England people who regard Indiana as a Sec
ond Calumet and Hecla
CALUMET coRBIN-
The struggle in Calumet corbin during the past few
days has been due to the interest east
ern investors and spectators in the stock. The
ket movement is such indicate the likelihood
of the stock selling higher in the very future.
SUPERIOR AND BOSTON,
Vague rumors continue to be circulated relative
encounterng in the Gardner shaft of the Superior
and Boston. These without foundation is al
most certain that when the authoritative announce
ment is made of ore being encountered this point
the stock VIII take sudden jump it merits. Super
Tor and Boston has been shipping this week at the
rate of two carloads daily to the Old Dominion
smelter.
SOUTH COLUMBUS
An assessment of cents per share will be
on South Columbus stock Marchh 80. This thu
new management states, will provide sufficient
push development work in vigorous de-
the property with any issuance of satisfactory
suits.
ATLANTIC
The annual report of the Atlantic Mining Co.
issued this week and received with mixed COM
ment by shareholders. The financial report tha
WHOLE Is rather satisfactory showing surplus at th'
end of the fiscal year of $222oooOO OF this amount
s17Sooo was received from the $500 assessment.
In the report President Gay that all opera
lions were confined to development in the Section 10
tract and to date this sufficient encourage
ment to continue operations this point. The Section
l6 shaft according to the Agent Stanton
was sunk to the 25th east of tins
smart was explored for distance of 1OsS feet on the
18th level east, and 52S feet the 18th level
Practically the entire lateral disclosed the vein
pay shattered crosscut at the 10th level about 'OO
Feet north of the shaft extended the sandstone
The correlation of the formation en-
tlrey with the belt exposed the Superior. II Is
the theory of those familiar with operations at this
pot tat the superior lode lies about 1000 feet uhder
inc Baltic lode The only point in the Section 16 oper-
atoms which can be considered favorable is at the
18th level south where fair stopping ground was
developed, but limited extent.
In the event that Atlantic successful in opening up
well mineralized vein, the stock should sell mueh
higher as IT is quite closely held.
COPPER RANGE III
Despite the fire which recently at the Bai'
Mill of the Copper Range Consolidated, productions
rom the Baltic Mine continue undimnishcd In order