The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1910-10-12
SUPERIOR & PITTseURo.
Hoatson and Junction Shafts Of Prop
erty Opening Up Well.


: The way the Hoatson and Junction
shafts of the above company are OPEN
ing up these days is a source OF much
qualification 60 the management as
well a. 10 the shareholders who are
familiar with what is being accom-
plished. says the Ishpeming Iron ore.
The performance for the month re-
Gently ended is really the best I'm the
ore earnings In the history OF the COM
pany and will end. probably. in about
enc hundred thousand dollars. which
when the very low price for the metal
I is considered, is doing exceptionally
we'll
At the Junction shaft a great body
Of high-grade ore is being developed |
on the l,500-foot level Work has /
been going on here for several months !
and the size Of the ore deposit has not |
as yet been learned. Enough has been
seen, however, 10 show that it is an
ore body Of great size and OF good
purity that viii permit the earning
Of dividends. even in SO shabby a mar
ket as the present offers. The Hoat-
son SHAFT is also showing up most
satisfactorily. Work has been sus-
pended FOR a time at the Cole shaft.
the company observing the same poll
icy Of retrenchment that is being prac- q
ticed by all the principle copper pro-
ducers at this time. There is an effort
being made 10 reduce n surplus Of the 4
metal that has so long interfered with il
the success OF copper mining in this
country.
The report Of the experts Ricketts,
and Douglas will make very interest
ng reading FOR all those concerned i'm
Superior & Pittsburg when IL is fin n
ally ready for inspection. We under o
stand the report viii soon he forth I,
coming as the gentlemen in question
nave finished their examination of the
physical features Of the mines Of this u
-ompany, as wei as those Of Calumet d.
< Arizona, the work being in the in ~
crest Of an attempt 10 amalgamate -,
hese two prominent copper produc-
RS. u
Just what the basis for consolida- VI
ion will be is not as yet known. but 81
will probably indicate that Superior OF
Pittsburg is a much more valuable &C
folding than many people not fully ~
cquainted with il have believed. ID
here are some who have thought 81
hat the property was not nearly so m
lrge or important as it's friends have tn
cen claiming for IL. but the facts will 10
robably be brought out that will bet sa
ar establish it's real mineral condi- pr
on. present and future. II Is good m
violence to have Superior & Pitts on
urg making money for those who at
ave retained faith in it, co
II is 10 be one Of the greatest con- a
or producers in this country and II its
i'll also be found that the district w. ca
* contiguous to it, will be produc-
We Of the red metal TO a satisfactory
egree. In these nearby lands are Co
oldings Of the Warren DEVELOPMENT pc
nd American Saginaw companies. up by
which no work is being done at sta
he present time, the mana gements 70
linking it good policy 10 let Super exi
r & Pittsburg and DEM Arizona do res
'ploring work for them. The recent vel
at the Junction shaft W.
I'd at the shaft OF the Denn-Arizona pre-
mpany bear an important relation Ina
up TO the properties i'm question. in
The work Of developing the Risbee ter
sin has now only been practically act
gun. In few years the real i'm mi
rtance Of this camp will be much arr
ore apparent than now. po'