The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1910-01-29

No diamond drill has been rugged up The oneco
and will further test the oneco lode and such Other
veins as are known to traverse the property Within
another ten days the hole now being cut will reach
oneco vein at depth which should give rather
positive data and Information the enrichment which
may be expected when mining operations are under
taken
President Cuddlhy. the oneco left this week for
Boston, and it is understood that trip to Boston 70
in connection with additional stock Tn,
details yet decided upon. It is understood
that an effort will be made put the new stock
$40 per share shareholders being given the
right subscribe pro rata Prominent Boston STOCK
brokerage houses interested in the company and
are known ready underwrite new issue
whenever such Is made.
la sALLE-
Some disappointment has been expressed at the fact
that Sale not yet started its mill is
shown that of the heads at the Centennial
Allouez stampmin is ready to drop La Sale rock
just as soon It is shipped. Just wherein lies the
delay is impossible to say. la Sale has consider
able stock pile available for shipment. Underground
openings likewise have assumed considerable
tons The company would quite easily maintain ship
mens of at least 800 rock daily When the
is made is safe to look for twenty
HANCOCK
The decline in Hancock stock this week to $50 is due
entirely to the general liquidation copper
company drifting the West lode at No shaft AMI
results are uniformly satisfactory AS there is little
to expect but routine line of work from the Hancock
for the next few months. this probably has robbed it
of some of its speculative attachments.
SUPERIOR AND BOSTON,
he are q short time,
nounong the resumption of shipments from the
Superior and Boston the Arizona Commercial smell
ter President w. Rice expects to leave next week
for the property, and will be accompanied by prom
interests. and also Consulting Enginoec
Probert
Concerning late developments at the property
Globe correspondent yesterday wired follows:
1.-The railroad the Arizona Commercial Smelter
the McGaw shaft probably complete by tomorrow Sat
urday. night The 200 bins at the McCiaw shaft
full The crosscut connecting the McGaw
and Great Eastern workings complete Consulting En-
gineer Probert will be in Globe early next week to
determine the date for beginning shipments
Two raises are being put the Great Eastern ore
body 100 the other rs feet west Of
the Eastern winze the 500 foot level Pre-
partitions being made to continue sinking the Great
Eastern winze below the 6OO-foot level. 1t is now
so feet below this depth. This winze is all in The
long drift west from the Gardner shaft out Of
limestone into dabase. This drift will point
directly under Black Oxide winze with feet
of driving"
There is than passing significance attached
TO the change in the formation Gardner shaft.
The sulphides at the Old Dominion being encountered
in this diabase indicates a likelihood of Superior and
Boston finding a like condition existing these work
ings once the shipments of are commenced there
Is Superior and Boston stock W
show much greater strength, with any kind OF
favorable market, will probably a much higher
level
coRTEz CONSOLIDATED MINES
olo Wenstrom who is to have charge Of the develop
ment for the Cortez Co, left Wednesday for Mexico
to at once begin work old Carmen mine tha
title to which has acquired by the Cortez Co.
is planned to the mine at once and 100
viii be started under the personal direction of Mr.
Wensron
The last work at the Carmen was done in 1873 when
due to the low price of silver all operations
pended The property mined for silver lead and
gold railroad has been surveyed across this
men property and will provide railroad much
required In that district
The Government Geological report prepared in 1873
stated that the Camen property carried silver
eragng 40 of silver per ton
The Cortez Co. proposes to up this Carmen mine
which is one of four that the values
are proven, 1t Is planned to organize a company
To operate the property. This the method which will
De followed by the Cortez in future operations
AS soon as property has been brought to a point
where there is degree certainty as It's future
new company will formed to take IL over with
control being held by the parent organization. while
there Is not much likelihood a marked advance In
the price of Corez stock in the very near future the
line of development which Is to be pursued promises
to add much to the speculative possibilities OF tho
stock.