The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1910-02-19

gas company viii occupy strong position,-snd in time
it would be advantageous for the principal properties
in the district all controlled by the same in
terests.
Developments at the Chemung will be OF Importance
to the Mangas The Chemung has a shaft down about
500 feet it's property the deepest opening in the
camp and has opened up large ore body both direct
shipping as well as concentrating Work on rail.
road to give satisfactory shipping facilities to the three
properties above mentioned under way
Before the Mangas company organized DR.. Glenn
ent, one OF the most famous mining engineers and
biologists country inspected the property ana
reported favoraby In view of this report the recent
and prospective developments and the very low cap-
tazaton of the Mangas company. we believe that the
issue will sell much higher While the stock has shown
an advance this week. it looks though the upward
movement had only just begun.
SUPERIOR AND PTTsBuRe-
The January output for Superior and Plttsburg was
ANNOUNCED as 1853 OF blister copper. This was
slight increase over the previous month. Recent re-
ports the property have been very gratifying ana
have been reflected by the price the stock. With
any Improvement in the metal market Superior and
Pittsburg will undoubtedly show material advance from
present prices At any price under s14.OO the stock
looks attractive.
FRANKLIN
More than passing interest has been attached to re-
cent developments at Franklin. The sale of tract OF
land by the ST. Marys Land Co. for $4,000 shares OF
stock has given the Franklin compact tract OF land
50 located that II carries practically every lode norm
OF Portage Lake Recent developments at the Hancock
and the prospective work this property will be
fected in great measure, in Franklin operations
The latter company is now diamond drilling in the
effort lode which is receiving much
attention the Hancock In the event that this vein
shows naturalization equal to that at the Hancock
Franklin will have veins carrying copper
in commercial quantities.
The Pewabic lode which is receiving attention Il
the Franklin, in the deepest working shows mucn
better grade of rock than has yet been stopped out
There has been considerable interest attached 10
Franklin stock during the past few weeks and to
account for this the has been circulated that the
buying OF stock has been for the of the Calu
met and Heca Co., which endeavoring to obtain
control There is little ground for such reports, and
1t is hardly likely any determined effort bens
made along the line indicated 1t is unquestonaby
true that Franklin is in stronger position than
1t has been for years past and after years
ATTENDED only by Indifferent success company prom
Uses to be in position show substantial earnings for
it's share holders in very short time
AHMEEK-
Ahmeek continues to ship about 1900 tons OF rock
daily. the bulk of which is going to the Franklin
stamp mills The Ahmeek mill will be ready to
treat rock time during the summer, and will be
one of the most modern mills in the Lake district.
There little difficulty experienced this week
in getting sufficient rock from the mine to the MILL by
reason of the inclement weather but this will prob
ably not be reflected in the months production. Re-