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


at the mine the stock is in excellent pos,,o.
show material advance from present figures
ARIZONA COMMERCIAL
Developments the Arizona commo,
have been very favorable. Our Globe corro.,.- ,''
yesterday sent the following ON tho y"
Drifting on the Black Hawk lode from the noIn,
the crosscut from the Eureka shaft inersec,oa
has advanced 90 feet eastward. This drift for d.
twenty feet in averaging between ,
seven per cent. copper. 1t has since been IN ,
running from 2h to 3h per cent conner
Manager Bonnie is now in Globe and saws. "Ap
above the 600 level are looking better than evo
The ore In the intermediate levels and the dr,e, A,
driven west between the sixth and seventh leves :,
been good up TO its present face 400 feet from -
Eureka shaft The flow OF water the seventh ,
Is diminishing rapidly the recent decrease bu
amounted to fully 100000 gallons per day Tho o.,
that the ground in which the seventh level d,,
being driven shows high naturalization both in no.,
per and iron is a encouraging facto
LAKE SUPERIOR AND ARIZONA
There has been slight revival of interest," IN a.,
shares of the Lake Superior and Arizona comnor -
are told that during the coming week sometbi =
finite may be learned of the progress of nepot,o,
pending for the further financing The comnop, ooo,
more money, and it is believed that IL this was ou
able, suphides would be opened and make the nron,
very valuable one
SUPERIOR AND BOSTON,
Returns from the first shipment of 500 tons % oro
TO the Arizona Commercial smeer were obtained Last
Saturday by Superior Boston and showed ~
pounds Of copper to the ton of ORE average Of
slightly less than nine per cent. The company has for
the time at least. discontinued shipments to tbs
smeltcr and is now shipping to the Old Dominion plant
smelter will be made, and it will thus be possih,
TO determine at which smeer the better results win
be obtainabe. 1t to obtain this data that the
change made The stock was very strong This
week, and offerings have been light.
BUTTE, ALEX SCOTT
recent visit by number of prominent Duluth
investors to Butte renewed interest being
developed in Alex Scott Advises from the property
indicate that large body high grade ore being
developed. the ledge being twenty feet places
The stock advanced point this week and looks as
though it would continue its upward movement
YUMA
The annual report the Yuma Copper company was
issued this week. and is very interesting document.
1t is of the reports issued by the later organ
izations, and dscloses very satisfactory condticn
of affairs existing The company had in its treasury
at the close fiscal year s435OO. 1t has a pay
ment of $4,000 due on its property June Is, and the
balance of like amount is due March Is. After
making the payment the property due next June
should have funds sufficient carry through prac
tically the remainder the present year 1t has al
ready opened up commercial in considerable guam
tity Consulting Engineer Hagett in concluding his de-
tanned report of work done adds that he cannot refrain
from congratulatng shareholders "over the bright out
look for the future of the NINE"
oJIewAY-
The compressor be installed at the ojibway
is the ground and it is expected that 1t VIII DE-
ready for operation before the present month VIII nave
passed The compressor will be erected midway Dc
tween shafts Nos and the foundation having already
been built AS the compressor Is installed '"'
management expects to put in six more drills ana sun
ing at both shafts will be resumed at once 1t Is quite
likely these shafts will be carried down 300 feet more
before any considerable lateral work is DONE below
the SOO-foot level
The company has funds enough TO carry on tn'
much vigorously, this money being providen
by the assessment which was due March 1st
Lateral work being done at the 500 and SSO-iOo'
levels of No. shaft and the sOO-foot level oil Nc
shaft. The drift No. 1 shaft opening up SOM"
good commercial rock, while at the 500 foot ie'e'
No. shaft drifting which is under way toward ~"
1 shaft shows like condition to exist BY reaso'
of the fault which found at No. / shatt at 'o w
foot level work at this point has been discontinue -
the time being. The location of the vein VIII pe "
tanned through the drift from No shaft
From market standpoint ojibway has beeen ra'n'.
dull during the past week two There 10 '
no interest attached to present line of action y
any decided movement either way II - y
possible that the management will decide to r'"s
mill test time during the coming summer nv
In the event that the present copper share activity
tinues there is no question but that ojibway will sai'
in tho inward roovement and around so per snare
10 fair nnrchasc.