The Calumet news., 1911-07-22

An assessment So so share was called this week op
Louis stock. or this $3.50 is to paid Aug
ust Srd and 81 November ist The company has 10000
outstanding, that the levied will provide
the with 100000 This will be devoted to sinking
the shaft which started this and develop
ing which In diamond drilling offered great prom
understood that ST borrowed money from
the Calumet Hecla. with which the rather
extensive campaign of diamond drilling started almost
year ago There but 1850 shares St Louis in thu
hands of the public the remaining S554O shares
ed by the Calumet e. Hecla.
| oJIBWAY-
| ojbway has removed three drills n uss
at No 1 shaft. will concentrate all of
It's active this shaft The company proposes to
commence regular rock shipments before the close of the
of the stamp mills IN this district
No decision has been reached to the mill which will
Ojbway rock. effort will be made to determine
how the Phoenix mill would ojib-
way rock. Some overhaung OF the mill would be neces
sary. If expenditure enailed in
this remodelng ojbway Will ship the Phoenix mill. The
advantage offered by this plan obvious for the hauage
would be slight compared to the cost of hauling o
the Centennial Aouez plans which also being consider
| ed by the ojbway management
At No. shaft ~ slopes between the 800 and 1900
| foot levels opened. some very good rock
| mas been disclosed
BUTTE ALEX SCOTT
Further assays of opened up the Little Annie
shaft Alex gave
and $3.50 in gold ton Superintendent Stone is
cutting station the 2O5 foot level after sinking
sump will begin drifting and Directors of Butte
Alex Scott contemplate visiting the the latter
part August. they will outline plans future
| development work at the property.
President Hugo states that the day of July the
company had $65OOO in cash. all development at
both Little shafts paid for
the equipment machinery installed the Little An
| ME shaft.
IALLoUEZ-
The hoist which No. 1 shaft of the Tam
arack until operations this point discontinued has
been disposed the Mining company. is
now being installed shaft This hoist will meet
all requirements of the Alouez No. Sinking both
No and shafts continues and has carried Developments
down approximately 1000 feet. The is devot
ing much of its efforts to extending openings About
twenty-five machines at work drifting and sinking
while fourteen machines in stopping. Apparently
the Aouez to its mine well
with the idea OF placing the property in position
production materially just the metal
market warrants such action
| SUPERIOR BOSTON
special meeting of Superior Boston stockholders
will be held July 25th at Globe Ariz At this meeting AMI
Increase the capitalization from 100000 to 100000 shares
will be authorized also shareholders ques
tion of removing the office of the company from Hough-
to Boston, and to offer holders of the full paid stock
$3.50 paid in stock in exchange for share
of full paid All the largest holders of Superior
Boston have proxies and acquiesced to
tho plan as shareholders early this month
Superior Boston is to bring the McGaw shaft down o
200 explore property this depth quite
extensively. Sinking does not interfere with the lateral
way at the 500 and 1000 foot levels. An
nouncement plans acquiring interest I'm the
Arizona Commercial smelter will forthcoming in the
very future
VICTORIA
good buying of Victoria during the
past week the very favorable reports from
the mine 1t is understood that Victoria nettIns
from it's production $4,000 per month. The
sessment recently called will provide the company with
of will be used to quidate Its In
debednes issuing the notice of assessment the d.
! rectors have given the following information;
From April l. 1910 April 1911 time amounting to 81
days in the operation of the mine and stamp mill
for want of power owing to a shortage of The
greatly added to the cost d production
and is largely responsible unfavorabe showing of
earnings for the year year exceptionally dry
one but there are nearly every summer and
winter is shortage in the quantity Of water
necessary produce the power required
To obvate II Is necessary 10 pro-
vide additional and arrangement has been
made with very proportion of the Riparian owners
around Lake Gogebc which the water in the lake can
| be raised and held back when required.
To meet the expense of additional storage and
the sinking No. shaft pay the Indebtedness of
the company provide working capital the directors
deem IL necessary per share on
| the capital of this company
The openings the mine have shown improvement for
several months past superintendent reports
mine looking than any time years.
The operations months year