The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1911-04-22
'OPPERS

The Company announces that 1t is working on a plan
charging the scope of operations and has secured
an option a property which offers great promise, ana
the careful examination of warrants it will DE
chased
The Mizpah shaft has been sunk to the 1900 level.
Several new veins were the territory trib
utary to the SILVER Top shaft on the whole careful
analysis of the ninth report indicates that the
future Tonopah Mining very promising and that
the directors pursuing policy which should ma
terially enhance the value the Companys shares.
At any price under 81, regard Tonopah very
attractive issue.
HANCOCK
Hancock began shipments the Centennial
Aouez stamp mill this week, and has continued these
shipments the ESQ Of rock daily The
management will make any statement TO the
operations. stand taken that
publication OF figures of of two three days
or even as many weeks, would pc misleading The
suits will be made known in the monthly production
There is every TO believe that the rock
shipped by the Hancock show very satisfactory
returns. and the will be very pleased with
average return pounds refined copper
CALUMET g. HEcLA-
The the adjourned meetings of the Calumet
& Hecla subsidiaries will held Monday morning
when a ten o'clock osceola shareholders
the consolidation proposition injunction
modified that formal vote the might be
taken, and this will be done. As near now be
ascertained Calumet & IIeca will control
than II a special meeting held month. a
number of shareholders who before either opposed the
merger who Indifferent have proxies
to the company be voted in favor of the merger.
| When the informal 59,5s4 shares
ored the merger and 9,726 opposed. We
the opinion that the ballot Monday morning
the favorng the merger will be $1,000
shares.
yet decision has been handed down in the
injunction proceedings. The took case under
advisement arguments had been taken
The Calumet Hecla a very
strong There doubt decision
terminating the injunction will followed by ap-
peal from those opposing the merger higher courts
Such will be regrettable will pro-
long controversy which prosperity Of this
district well as involves investor in the
OF the subsidiary companies.
! CALUMET & MONTANA
| 1t is reported that Calumet & Montana has ac-
CURED property the Radersburg district near the
Heating, and to Immediately commence ac-
tive development work there. Engineers who have ex-
amined tint property understood to have passed
very favorably the claims. official announcement
from the company viii be probably late next
week The stock has been very active this week and
higher.
SANTA RosALIA-
After spending months with engineers at
the Santa Rosalia property l. Edwards a Director
of the Company is in Calumet comforting with the To-
cal directors
About 30c assays at different points of
the property. and they showed values from $iTOo
ton down to nothing The richest portion Of the Santa
Rosaia Mines far disclosed Is intermediate
level $50 feet deep 1t this point richest
ore was disclosed A four foot ledge been opened
well defined, and many assays $500 to $500 a ton
nave taken.
$ NJ. Greenridge in his report advises the Company
to concentrate its efforts in eastery direction He
suggests that the Company eastward at the 200
and 900 levels for feet and believes that re-
suits viii be very satisfactory. He advises the
development of the Los Angeles claim the most east
erly by the Company
The road to Cananea lacks and one-half miles
Of completion. and outlay will put this road
in shape At present time there are but three men
employed at the property. Pumps are working resu-
lary to keep the mine from filling up.
The expenditure the property at the present fine s
$3.50 in gold month The former management for
the same amount of work expended at the rate OF
S125O in gold per month.
The directors Santa RosaIia contemplate the re-
sumption of active development work at the property
just as the Mexican rebellion viii have been
settled There are no mines operating Sonora with
the exception OF Greene Cananea and other prop
cry Il is almost impossible to obtain labor and with
this condition confronting them. the directors believe
it is advisable to wait until a more settled condition
exists in Mexico
The Santa Rosalia consists In the origi-
nal tract and together the claims denounced. a
total OF 500 held the form Of parclelo-
The original deeds property arc now in
Calumet. The Directors confident that no dissent
ing interests of the Old Company any possible
manner interfere with the Company its opera