The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1911-01-03

the upper levels, but i'm much larger quantities next to
where the large shipping taken out, and ac-
cording the report indications that expect to
strike a large body of rich And one OF the
upper the week. they cut In lift of
eighteen feet through fine looking mill ore. and are
drifting toward point whore i'm the levels above oc-
CURED cave-in during the working of the by
the California people, which they obliged to aban-
ana We're at that time taking out producing
| s4.OOO.Q0 per ton.
might add. that since the of September have
drfed East the $50 foot level prosecuting
Up to December 10TH most of the old levels have
been cleaned aud considerable done the
important ones. which show good values and that
are keeping force of from 20 to 80 men working,
which is all the writer proposes to do until such a
time of the dissatisfied interests willing
to do something besides kick.
Regarding the resignation OF r. X. Clancy as Cen
eral Manager First Vice President Director the
Santa Rosalia Gold Mines Co. would say; that Mr.
Clancy does this principally for the the prop
oston, and we must give him credit for being much
broader minded than those who continue bumper
the proposition because they think they have SOM real
fancied grievance toward him, he has nc fur
ther connection with the proposition. with the
splendid showing the mine, the writer hopes Il see
Santa Rosalia take progressive spirit
As to report to the stockholders we would -efer
you to Mr. Henry Hill, who has a copy of the exann-
alton and complete report up to the September lst
made by Mr. c. E. seoville, since which time we have
not made any report and probably will not for SINE
little time but as do will be pleased to
mail a copy of the same,
LAKE SUPERIOR MINES IN 1910
The year which has Just to a close has not ben
one of great importance in Lake Superior copper MN
ing The condition of the market precluded any
increased activity. on the contrary was there curt-
ment in evidence and this to about ten per
cent In production. There will be no material change
in copper output from district in 1911 unless cop
per sells above fifteen cents.
There were but companies in the district which
paid dividends during the year viz Calumet G. Heda
Wolverine Mohawk. Quincy, osceola Copper Range and
ST. Mary In the forthcoming year there will proiab-
~ be no additions to the ranks of dividend payers with
the exception of Ahmeek Alouez and Superior are
Doth doing WELL but have construction and otter
finances to for which makes dividends quite IN
likely.
Rumors of consultations continue to be in evidence
and it is generally believed that the Calumet g. Hela
subsidiaries will be merged during 1911 although the de-
tails Of such plan yet unknown but the propcsi-
tion is i'm the formative stage.
confidence
so called drill propositions has given way to ,ner
and camer deiberation of this of exploratory y,,
and the public has not in late months clamored for
commendable Unquestionably several of these Issues
Will develop into profitable mining enterprises bit II
VIII take quite some time before they will ever again
sell at former record prices. In meantime assess
ments VIII be called and 1911 will probably not pass
without more money being asked for shareholders
than in the year just closing.
We have faith in the future of the CONFER market
and especially so in the Lake Superior Camp. and he
eve that opportunities for investment in this district
are unsurpassed anywhere
VICTORIA
developments at The Victoria mine are being pushed
"o" more ehergeticaly than possible during the
past "oh'h or two The extreme drought during the
summer worked havoc with the water power which
Is developed at the property so that for a time but
'ne shift could 6e employer Superintendent Hooper in
communication to the office had the following
interesting comment to make concerning development
work at the mine:
we are still running on one shift and tho raD.
rom mil looks like good month"; " there are no e
e' "eiaEs' Inc mine Is looking the whole beter
"e 'h ieVe west has its usual amount of conner The
"'"'" e'ei east which has been idle for several
." account OF the long tram, when short of
s' !" looking good In the 18th level yesterday
"ey ''N out the largest mass have ever had The
" ieVe east Is one of the best average stones bava
cen IN The mine. The 22d is idle at present on ac
cunt Of the long pull on the power"
ERR LAKE
we nave received number of inquiries concerning the
'a'iVe values OF the several properties now paving
Vdends and located in the Cobalt district Kerr Lake
ahos out very conspiruously isue which paws ex
emeiy nigh rate OF dividends. The company Is dis
'rsng now fifty cents share every three months
MS hsh rate of interest, when consideration is yivep
the Iact that the stock quoted sRal 10 .zn