The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1911-02-25

arily and station cut This station IL so -
hat rock broken IN sinking shaft. hereafter can no
hoisted 10 TINS station dumped into bins and frorr
there hoisted to surface with the hosting nlar,
Adopting this system should aid materially I'm maL,
greater progress In sinking the shaft we will he ah,
to remove the broken rock with far greater dspatch
than is possible by hosting Il direct 10 surface .
the present sinking equipment. This shaft is now no,
toned In solid trap.
The crosseut at the 18th level was driven east ,
shaft sol feet and connected with secondary shaft
The development work. throughout the mine ,,,
the past year has been OF an encouraging nature o.,
judging from the character and quality OF the ve, .
the different levels the ground blocked out for sop,
should yield good results.
ALeoMAH-
Drifting north and south the 1O4 foot level Of A.
somahs smart continues to open up commercial ore
of the average grade that has been noted s,,
lateral work undertaken. drifts are now 7o0
feet in length. Diamond drilling also under wav ~,
the property.
c. & A. AND s. & p
There meeting of Calumet & Arizona or SIM
eror X Pittsburg directors week to act on tho
dividend question The meeting postponed pending
the time when fifty per cent of the outstanding Superior
& Pittsburg stock will he deposited for exchange far
Calumet Arizona shares. Not quite the REQUIRED
al
though the directors that before another
week will have passed. the necessary will have
been forwarded. The delays due probably to mis-
understanding mis- conception OF the condition Of
affairs rather than to any objection shareholders have
to the proposed consolidation Many shareholders OF
Superior Pttsburg stock in hastily reading the official
circular issued by the company considered that time
for depostng these shares had for April lst
On the contrary. the directors desire the immediate
deposit OF the stock for the period of exchange is lin
tied to April LIST. Superior Pittsburg shareholders
therefore look for the dividend disbursement an
nouncemen just the required fifty per cent
of the outstanding is deposited the sooner
this is done. the will meeting of the direct
for this action be held.
Those Superior & Pittsburg shareholders who do not
deposit their stock they consider 1t likely
they desire sell their holdings any time or those
who have their up collateral not hesitate
TO forward their certificates for exchanges
ceipts issued for all stock deposited These re-
ceipts negotiable and transferable.
In the event that the required of Superior
Pitsburg stock is deposited directors meet
ing will at be held and the dividend declared This
dividend will then probably be paid about April
LIST to stockholders of March 18TH Calu.
met Arizona certificates issued to Superior &
Pittsburg holders Immediately closing of the
Superior Pttsburg books.
The reports from Bisbee indicate that developments
at the two properties continue be pushed agressvey
and that showing up in a very salts
factory manner.
director of the two companies is the authority
the statement that with copper selling around fifteen
cents pound the new Calumet & Arizona stock will
be in position to show earnings sufficient easily
warrant selling price of 500 a share.
BUTTE
1t early this week that amicabe adjust
ment Of the differences between Butte Baakava and
Anaconda had been made, and that all litigation would
cease This was subsequently denied. Secretary John
A. Perclval OF Butte Ballaklava issued the follow
ing statement
Butte Ballaklava company has not at any time
sought settlement with the Anaconda Copper
pany in the litigation which has been begun by the
ter company desire make this statement for the
information of those who may be interested. Reports
of various kinds from Butte have been issued and
some of them not based Butte Ballakavo
company feels very it's position this
versy and is seeking settlement other than the
courts The developments that been made on
property in connection with the litigation have
trely satisfactory to and have doubt of the
ultimate results"
SANTA RosALIA-
The reorganization plans of Santa Rosaa rapidly
being perfected, and there is question but that it
will be The recently established local Office
is receiving the the in large
amounts and is generally conceded that the
ment will be paid 10y shareholders early date The
new directors consist of the following:
c. A. Phelps, w. l. Edwards, w. M. Harris. Henry
HILL o. W. Bruins. NJ. L. stearns F. A Kohlhaas and
f. d. Johnson Mr. Johnson has selected for presi-
dent Mr.. Stearns vice president; w. Bruins,
tary, and F. ]. Kohlhaas treasurer.
The new company will undoubtedly issue a statement
to shareholders in the very future. 1t hoped
TO get this out before this date inability to get