The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1911-04-01
CURRENT COPPERS
~ GOSSIP Or VI. ..llHE w.. A MlNHEAR


in orc 1T $50 feet Sinking 80 shaft is progress
INK sat.,fa .'oriy.
Superior 4 Boston drift southwest at tenth level is
we started should cut the Great Eastern vein q
feet from shaft There au 1ucoudrmel rumor locally
which emanatcs from Bisboc that the Copper Queen
has option the old Copper King tract which sd-
joins the Gardner property Of the Superior Boston.
NEW KEYSTONE
our Globe correspondent sends ms the following in
formation concerning operations at New Keystone:
The New keystone management continues TO give
no information concerning the further development
work a the mine, the plans for future.
obvious however, that instead Of the old hoist the
company viii a electric hoist to be installed
II is also reported that an aerial ramway
will be constructed from Tie New Keystone 10 the
Miami concentrator. Tho New Keystone is 400 feet
higher than the concentration. is operating one
churn drill in the northeastern portion Of it's
property The two other drills used the Miami will
probably be removed the New Keystone property
YUMA
The directors Of the Yuma Copper company
deavoring to further finance the company and there
is but one course open and that calling of an
other The proposition Will submitted to
shareholders for their approval. has paid $4,000
it's bond and there is due balance $4,000 pay
Of which has for year until March
Is, 1912. Four diamond drill holes have been bored
with fair degree of success in disclosing How
ever further development work is in order
to thoroughly prove the value Of the property.
SOUTH HEcLA-
officials Of South Heca have announced that after
April Isl, the South Columbus and Alta & Hecla COM
panies would be dissolved. Sufficient stock will be
provided by the South Hecla to take care Of all the
shares Of the two above named companies which have
not yet been exchanged for South Hecla stock The
deal which included South Hecla and other valuable
properties in the Little district has not yet
been closed, and VIII probably held up until such
time as the financial conditions in East improve
PORcUPINE STOCKS
There, has been marked interest developed in the
issues Of the Porcupine camp Every effort is being
fully enforced TO eliminate any wild hotations.
There is doubt but that there will a number of
Porcupine issues which will prove failures and It is
equally probable that there viii be companies
there, which will prove be profitable producers II
the precious metal
Hollinger stands the prominent the
propositions in the camp in which the public has any
interest The Company is capitalized for 100000
shares, of a par value of S. of which $4,000 shares
remain in the treasury. Company owns
claims. upon which been disclosed.
showing high values in free milling gold. 1t has
been blocked out the deepest feet
Pearl Lake has also commanded considerable at
tention particularly in this district The Company
capitalized shares which 100000
been issued property of l27 adjoining the
Holinger Mine is owned. The stock went the
market forty a share, and yesterday closed
bid, asked Reports from the district indi-
that operations being vigorously
pushed at the and the stock is being tipped
81 this The Cartwright interests.
at the head Temiskaming. are prominently
nected with the Company.
Crown Chartered has capitalization of 100000
shares, which 100000 viii the
ury. The stock will listed the
change within the next week or two Developments
being attended with very favorable results.
Preston is capitalized sOOG,OOo shares
which 100000 shares in the treasury
and this amount 500 900 shares have been UNDER
written TO net the Company $4,000. Preston owns
three claims adjoining the famous Dome property Its
location is very promising
Porcupnc Gold Mines has a capitalization OF 900.
GOO shares Of which uttle moro than 100000 shares
have been issued. The company owns three claims
east of-the Rea Mines shaftove 100 feet been
sunk IN the propcrly "A small stamp min has also
been installed. ana producing from 500 $500 in
saId daily
West Dome Mines the no,aton which = Augus-
Heinzc placed Oh market The Company
1000 shares Of which 100 600 treasury
and tho company started operations with cash
trr,sur, amounting to Se5oooo Much Of the stock OF
thus Company placed in London, where there is
great interest manifested in all the Porcupine
Dohic Mining Company has capitalization Of $780,
600 shares Of which $4,000 remain unissucd in the
Sensational values have been disclosed In
operations of this company to date. and with very
strong directorate and aggressive campaign Of de-
velopment work outlined, much Is expected from THIS
proposition