The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1910-02-12

workable
productive copper clearing beds of the Lake s,por,.
district "'
BUTTE COALITION
Butte Coalition is attracting consideroh,o
because of the strength showed in the rooen,
weakness. Coalition is curtaing proanct,o '
extent that the other mines in the Butte cam,
now doing 1t is opening up some fine gropno :,
three mines the Rarus, Minnie Healy ana Tr,o,..
The management is pushing work vigorously !,
extending openings at rapid rate ana today Pr,,.
Coalition is In better shape than over before +, -
duce the red metal a low cost. In the evn, a.
copper sells better than fourteen cents per pound m
year, dividends at the rate OF So per annum can
looked for the stock. In the that Butte cu
ton is taken into the proposed copper merger II m
be found that the issue will be given more consider.
alton than Is generally admitted.
INSPIRATION
Churn drilling together with lateral work at the Ina
Bush and Scorpion shafts OF the Inspiration contn
block the rapidly at this property The s
pion shaft. in particular is showing up excellent pa
suits. The company has ample funds with which 70
continue present line Developments It IS anita
probable nothing viii be decided relative
to the construction of a mill for Inspiration until the
Miami plant will be in operation. In this manner il
will be possible to profit by the experiences at the
Miami plant
NEW KEYSTONE
Payments for the stock TO he issued by the
New Keystone must be in the company's office rep H.
1t is understood that all of the large holders stock
have subscribed to the stock the an cunt that
they are entitled With the 100000 which will be
available through sale of 100000 shares Of Stock
New Keystone will be in position to continue opera
items more energetically than before
WOLVERINE
Far confessing the fact that its life is of short
Duration wolverine intends determine positively
lust what may be expected from the mnoralized veins
lying east OF the Kearsarge its property. We
derstand that the company is extending
cut east intercept an epdote vein about ZOO
from the Kearsarge lode This epdote first
countered by the Old Colony in diamond drilling It
gave much promise in the thus taken that
ing done it, but when this work was UNI
dertaken the vein showed only Indifferent results and
work was abandoned upon it, 1t is possible that where
the vein win be found crossing Wolverine territory
may show greater naturalization.
OLD COLONY
Efforts revive interest old Colony by reason .,
the important developments at the oneco, are attend
ed with but Indifferent results old Colony has been
quite thoroughly explored by means diamond drill
ing well actual mining operations From the
Kearsarge lode to the Sandstone every
ground has been sectioned. In this
than 10 odes were cut running from
ty feet in width. None of these veins gave much
enlargement In several instances where there was
some promise of favorable results drifting on these
veins indicated low naturalization ana finally all work
at the property abandoned and the companys
treasury is about exhausted. AS Old Colony lies
in the the oneco operations at the latter
ara watch
he ders.
MAYELoWER-
contract has been let by the Maynower man.
to locate lode carrying sufficient copper values 10
sinking a shaft on the property Little hope
is entertained early resumption of active
ing at this property.
oNEco-
indicating the enormous interest developed in this
property attention has been turned to the heavy trad
ing in Oneco during month of January. AS rear
as can be ascertaned the outstanding issue Of this
stock changed hands almost twice. other words
there about $4,000 shares stock traded
In during January. This probably the heaviest
trading ever experienced in the issue So far TINS
month the transactions in oneco have been hardly Us
heavy. The assessment of 81 per share III Tie soc'
Ai be due %eb 10. This payment has he: back ''e
interest a'm :,oSsible advance the ISSUE. As soon
as it is out of the way oneco will undoubtedly again
become lovorite with the speculs Diamond
drilling continues at the property. NJ"
being made to locate the famous Tomahawk lode.
INDIANA
AS in the OF the speculative interest ~
Indiana has been great. than on''''
During January the OF trading Indiana rep
resented over twice the outstanding. Develop
nents at the property continue wholly in diain'n
drilling. The issue well bought particularly
m the east whore purchases being made largely i
Investment account, buyers regarding the ssue as
second Lake.