The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1911-07-29
'OPPERS

Der OF samples taken which 42% copper
Arrangements have been completed for the
OF a line from the Antonio property with
The Southern Pacific just the mining
Is ready shipments.
OLD COLONY
Old Colony has finished drilling the hole the
resumption Of operations and has moved the OUTFIT to
point the old tunnel The hole is
ignated No. now hole.
Supt Goodae did cut any important veins
In hole favorable results looked for
Colony offers great speculative possible
tiles that drilling discloses any well
ninerazed formation the easily advance from
present quotations. a
SUPERIOR & BOSTON,
The special meeting Superior Boston shareholders
was held in Globe July 25 and the proposition SUBJ
mitted a special letter of July 1 carried without
any dissenting Practically every holder OF
Superior forwarded his proxy and the
presentation satisfa tory.
With meeting Superior & Boston shareholders
have nothing fear the way of further financing of
their company another year. Developments
the property continue progress a most
satisfactory the Considering the state
of the share market Superior Boston has been
holding well around SO share
NiPissINe-
In to a inquiry a stakeholder p. c.
PfeTer the Nplssing Mines Company.
that dsquieting regarding Npissng
reducing dividends ARE absolutely without ground and
being by foreign this
decline the price Nipissing securities"
Mr.. Pfelner 'rhe mine is physically in good
condition 1t has been for the last two years taking
into consideration has produced
time and the production is sufficiently large to
continue the present dividend rate" He says ore
reserves of satisfactory being developed
The recovery in Nipsslng seems TO
port that decline simply due to the liquidation
of very weak account However there to be
than mere idle % story that the company
cut the quarterly dividend from s7h cents "a
The precious metal companies have all been prone
to claim too much n large
particularly those in the Cobalt camp. Recent
developments seem to easily dis
arranged Incdently 1t might be stated public
as whole has not very by the
rate of dividends disbursed by these companies.
Nipissng will probably meet next month to
take action quarterly dividend Several d.
rectors are abroad now. Nipissing
breaks around 81 again we will
portunities even dividend is to 25 cents
quarter.
HANCOCK
1t is interesting to the old story
has been revived possible consolidation between Ham
cock and Quincy. No official statement the subject
in denial has by officers Of either company,
but we venture opinion such plan has been
given the slightest consideration. of the two
companies is quite logical thing, yet the interests
controlling companies hardly TO be considered
on such a basis as make open for con-
sderation.
several problems which will confront both
companies operations The right operate the
F. lode is going be questioned. A would
eliminate possibility of such difficulty In addition
Hancock will require mill in due OF time which
would be provided by Quincy excellent plant. Quincy
treasury which could be used In absorbing
Hancock Hancock quincy shareholders need
developments along this line another
or two.
CHIEF CONSOLIDATED
The in Chief Consolidated eighty cents as
something a surprise those who followed deveI-
opmens closely at the property. Shipments had been
showing dmnution in values. but this had been
perienced for past. decline this week
be attributed to this fact on the contrary
during past couple there has been improves
ment noted in During the three weeks
in June there were 777 shipped from thu
property company received in settlement $780,
showing value of approximately IS per for the
shipped.
Yesterday message received from President and
General Manager Fitch. which reads follows:
Have opened into new drift
north Of former openings gave
OF $4,000 $50 per ton; in the rass
level For 80 1t 80 of sill
1919 lead; the last 10 feet yields 40 sill
YER 1919 Drifts the 1900 level proved connu
alton of for 200 feet and this with other
discoveries the continuance OF rich to
the north south will with present indica
tiuns show a continuance in that direction
already developed OF the most westerly
workings gave so ounces OF silver
In a the Office. President Fitch comments