The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1911-02-06
MONTANA CLINTON

the following information on the property:
1.-The following telegram received from the SUI
perlntendent of the Montana Clinton:
Thirty ready ship After prosecuting "a feet
struck 200 foot level Lead feet wide ore
streak ON hanging WALL IA inches wide west side.
inches wide side Top 10 inches. Bottom crosscut
ore looks fair. Considerable quartz, sample sent to
Helena today win advise assay values later"
This is good for the stockholders of Montana
Clinton for If the up this level the
100 foot level 1t will mean from 1900 to 1000 TONS av-
eraging net value at the smeters of $4,000 per ton
The company has Melted close to 100000 during the
past six months shipments from the 100 foot
level This has helped materially to develop
ment and pay for the complete surface equip
ment including hoist compressor bunk houses, and all
other supplies and accessories of various kinds"
CALUMET CoR6IN-
The annual report of the Calumet Corbin Mining
Company issued to shareholders this week. and
indicates that the Company will be compelled raise
additional funds in the very future At the close
of books January 1ith, the Company had balance
of cash and bills receivable amounting 1887 which
is entirely inadequate to its demands No plan has
yet been announced concerning this matter but it is
likely that information the subject will be
made public in the of the week two.
In the annual report, former President Wilcox
ments the developments the recently acquired
RadersDurg property III part as follows:
The Board Of Directors during latter part
ruary was rendered proposition TO acquire
claims in this district careful investigation and
acting the advice of reliable and experienced
perts, they took over the claims giving $4,000
shares OF treasury stock in payment for and
curing perfect and clear title. Recent developments
the district have the wisdom of this purchase.
as the claims are in the heart of the district and
the same lead veins of the largest producers.
Our development in this district has been high
~ satisfactory and my opinion proves beyond all
reasonable doubt that have a very yllua5e prop
erty that, with remarkably small amount of de-
veopment work. will be placed upon sef-sustain-
ing basis and well the way toward building up a
surplus for dividend purposes The work has been
carried on economically consistent with good
and intelligent mining. a shaft has been sunk on
the Mammoth" 13O feet very promising vein.
which at the 100 level had wdened out to eight
feet.
Several prospect shafts and open cuts made on the
other claims, have shown up very well and prove
clusvey that we are on very strong vein which
tains increasing values with depth. In the prospect
shaft sunk upon the Wax Wing" which is on the
same lead as the Mammoth" the vein widened out to
1-2 feet The company is equipped at Radersburg
with gasoline hoist and all necessary buildings tools
machinery, lumber and timber all present require
Il
plies. The management is considering the sink
ing of another shaft about distant from the
present one a promising part the vein and
connecting the two underground 300 foot level
In view of the showing and encouraging development
at the adersburg property coupled the fact that
strong financial interests are about to become asso-
cated with your company. have hesitancy in be-
speaking for the company great success and the
speedy development of the property, which will prove
big producer a good dividend Garner"
SOUTH HECLA-
We advised by Salt Lake correspondent that
developments at South Heca progressing very
voraby and that some important concerning
the district is likely to be forthcoming very near
future. South Heca practically all the Alta
& Heca and South Columbus stock. and thus con-
trolls property comprising $50 opened up by
two tunnels. The wedge assure has been opened in
the Dyer tunnel and is being followed at the present
time Four feet of ore have been opened up and as
says of eight per cent copper fifty silver
thirty per cent lead with varying gold values The
Quincy tunnel is in 1000 feet. favorable de-
velopments expected at any time
CALUMET ARIZONA AND SUP. & PITTS
Directors of Calumet & Arizona Superior &
Pittsburg will about March 1st when action on
the dividend question will taken is certain that
the Calumet & Arizona dividend will be declared.
and win probably be s1OO a share, the same as has
been paid for some time past. In the that fifty
per cent of the Superior Pittsburg stock Is depo-
sited for exchange for Calumet shares by the
time the dividend meeting Is held on the dis
bursemcnt to Superior Pittsburg shareholders will al
be taken At this writing, the directors are quite
confident that the amount Of stock necessary be de-
posted to insure the dividend being declared will have
been forwarded to the State Street Company of
Boston, Mass. Those who desire can forward their
stock to leave 1t at either OF our Offices and we
shall be very pleased Of the necessary de-
tails attendant to the exchange Superior Pttsbure