The Calumet news., 1911-01-14


been adopted YET oppose deal. with the pos
sible exception of Isle Royae holders
MICHIGAN
All operations have ceased the Michigan property
with the exception Il a force Of men, VINO viii be
employed in diamond drilling. About sixty
laid off this week. Michigans have been about
exhausted and before any activity can be
sumed another will have to be called Tls
is hardly likely the metal market shows
Improvement. stocks higher prices making
It possible to michigan holders pay
sessment when called.
SUPERIOR G. GLOBE
Diamond drilling at the Superior & Globe continues
although considerable difficulty has been experienced
by of the shattered ground through which the
recent boring has been done. AS yet been
of rather Indifferent character although change for
the better can be expected at any time Superior &
Globe has in its this writing Approximately
$4,000 which should to meet all develop
ment for another five six months This will
precude possibility shareholders being asked for
any further funds until wel along in the summer.
COPPER RANGE
Some difficulty will experienced in maintaining a
normal production by Copper Range during the
month. The Champion mill has not been oper-
atng regularly the past days. and it is difficult
TO state how long the present situation will con-
tinue The inadequate supply caused the dis
continuance of operations at this plant Sand ice
clogged up the intake and resisted all efforts dis
lodge this accumulation. condition was encoun-
tered at the Trimountan mill a lesser degree
Operations this plant possible periods al
though interruptions quite numerous. The Bal
tic mill alone able operate regularly, and all
six heads dropped rock shipped from the
tic well the Champion mines. Two heads were
devoted exclusively Champion rock
The management is now endeavornp tn Drenare soma
plan whereby in the future. the difficulties expert
erced at the Trimountain and Champion mills will
entirely eliminated one two solutions have
offered but will prove costly install.
MIAMI
Further delays have been experienced in getting the
concentrating plant the Miami ready for opera
ton. fall hoped have plant in COM
mission January lst The date later postponed
til February 1st and it appears as though the
first unit would be in commission before March
Considerable interest is attached the
mencement of concentrating at the Miami it will
the first of the porphyries which will enter the
the producers. So much has been expected
from this class of properties and the possibility
the group affecting the metal market whole that
is believed that Miami will determine Just what may
be expected in the way of costs of production from the
porphyries. Some doubt is also expressed
Mamrs ability to maintain large production with the
present arrangements made adequate supply
water However, difficulty will experienced
this source until plant operating capacity
the the first unit will treat probably only three
a day, but operations will be gradually
increased.
coRTEZ-
There considerable activity in Cortez stock with
the price off point is attributed
the liquidation a block by interests who
are said o a considerable escrew.
About year ago, it was announced in an official cir
issued by the company that block of the
had tied up for a year. This
stock was released January 12th and keeping
with this arrangement, the selling all
expected
Developments a property said be progress
ing in a very satisfactory supt Olaf Wen
mercial rock opened up. A small force is being
strom is now at mine, and the first the
coming month several prominent interests will
visit property. following this trip there is like
y to be renewed activity in the stock.
oNEco-
Drifting at the third fourth levels of the oneco
shaft has been started. and occasionally some COM
the property, and the management believes
that will able thoroughly prospect the
ty with the funds at hand.
HANCOCK
There has slight liquidation of Hancock
during the past week. and this is probably due
TO the directors will shortly to take
action plans for further financing. No date has been
set for this meeting but likely held within
the next two three weeks Several plans have been
suggested among them being bond issue and the
sale of additional treasury stock, but neither
one of these is considered likely the
present time The probable to
be adopted will he the calling of
ment Last year Hancock directors called for $500
share on the outstanding stock The needs for the
present wear will hardly be great this