The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1910-03-19

be reached, and developments to date corrohous. '
opinion S
The developments at the Gardner shaft have ,,so..
been Of immense Importance being the best rsu..
ceived from the property about two wears ,0s,
ing the development at an early date of a mine no Co.
greater proportions than the Great Eastern workings
In view of the above facts. which we have n
I'm a very conservative manner, we believe our st.,
of Superior and Boston. that 1t is a propertv 4,
questioned merit. is most tenable particularr, o.
the Gardner shaft recent developments Superior oa
Boston has passed of the list of nossiNpt,t
is an actually now. 1t is mine with its future o.
tirely ahead OF II, future. which at the nreser, A.,
appears very bright indeed. Undoubtedly II win h.
It's ups and down as do all stocks which have n h,
market but we are firmly convinced that on anv reco
sons the stock purchased will show handsome proo,
either from an investment speculative stana,.
From market standpoint attention be called :,
the fact that the stock has been thoroughly louido,
ed and is now In stronger hands than ever before
CHIEF CONSOLIDATED
We are informed that negotiations are pendr
whereby Chief Consolidated win acquire control o, tho
Eureka Townste This company together wit,
Chief now own the mineral rights under the c,t, D..
Eureka The deal. are informed will give Chit,
control of large acreage OF very valuable rotro,
ground Since the organization Chief consolllac,
Eureka district
The Chief management has been very aggressive
has developed Ms property without undue ostentator
1t has pushed work I'm vigorous manner ana is now
shipping ore which is showing substantial profit from
each month operations II is to have additional heavy
equipment installed in the future and when thi,
will have been in commission production will be maer
tally increased. The buying Chief stock during IN,
past few weeks has been a persistent character and
from oblinable the looks to be one
of the most attractive of the low priced Issues
oJiBWAY- -
Beginning next week 1t is expected that sinking NJ
both No. and No 2 shafts of the ojlbway win he
resumed from the 1850 levels. The new compressor
will be in commission in few days and will admit d,
placing in use additional drills The management con.
templates not only sinking but to do lateral
work at several points which receiving at.
tention. stockpile has been shows some
excellent stamp rock With the assessment called "A
month ojbway has funds sufficient to carry WORK
in aggressive the present year at
least.
ATLANTIC
1t rumored that Atlantic had encountered the
Superior lode in the long being extended from
the 10th level OF its Section toward the su.
perior property This report was without foundation
While driving the crosscu several strngers were en-.
some drifting in of the promising of these
stringers in the hope that 1t might to something
favorable nature. It was this line work that prob
ably gave report that the Superior lode has
been encountered
In the event that this vein opened up at the
Atlantic property it will much to the company,
and will undoubtedly cause advance in the stock
fully so cent. from present figures.
vETA COLORADO
force of from $50 to 200 men is being employ
ed at the property OF the Colorado. The mill
being put in shape. and every being strained
to put the property producing basis earliest
possible moment.
The Veta Colorado property is OF much merit
but operations handicapped through lack of
funds Arrangements have been made whereby the
company will be able to up the property on an
extensive scale. favorable news is expected from
the mine very shortly
COPPER RANGE
Two heads at the Baltic mill have been placed into
commission once more. and dropping regular
ly Additional heads will go into commission very
shortly The Baltic mill thrown of commission
several weeks ago by reason of fire which caused
considerable damage the boiler house.
HANCOCK CONSOLIDATED
The directors OF the Hancock consolidated this weeS
called an assessment of $500 share payable in three
instalments of which s1.0o will be due May End slOo
August 1st and 800 october when this assess
ment will have been fully paid it win provide tie
Hancock treasury with 100000 sufficient to push OPP
erations at the mine in the vigorous manner tha'
has been followed for months past. and also pay FOR
The heavy permanent equipment which has been or
dered and which will be installed during the coming
summer. htt
Sinking at No. shaft continues and will be put
unfit t1,ad
will be extended to the Quincy vein.
No drifting is being done the No. 3 lode nj NO
shaft for the present this will interfere Win h