The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1911-09-11
'OPPERS
A. MINNEAR
& COMPAN

receive in the exchange their bond holdings %, O.
peror Boston stock
There VIII be Increase the directorate OF sun
Boston from five to nine members. Arizona Commor
cal interests will be represented by four marh..
the Board including n. L. Amster
Operations Arizona Commercial have been A.,
tnued pending the contamination the proposed con-
solidation The pumps being operated and tho ~
kept water
1t is our opinion that after the deal is closed suno
Boston shares VIII sell considerably higher and we be-
leve the stock offers great speculative possibilities
present prices.
NEW BALTIC
New Baltic quite strong this week on tho r.
OF very favorable condition existing in the dovolo
ments the West Drifting has been undor NO.
fer some time past and far results have been vr
gratifying The developments the past week were Tho
best yet obtained at the property There is
little New Baltic stock the so that sharp auc
tuaons follow the announcement important deveop
ments.
kEWEENAW--
The shaft being sunk by the Keweenaw Copper Com.
rany on the Kearsarge lode depth OF
1900 feet The shaft is partly in the lode and q,
i21S feet the vein showed up some good copper The,
footwall has shown in the a number of cases
nut it believed that naturalization which has lust
appeared is greater than heretofore exposed
The management has not yet decided whether drifting
VIII be done at once but it is not all unlikely that the
vein will explored shaft viii be continued n
400 feet where drilling brought up core well
charged with copper
OLD COLONY MAYFLoWER-
No diamond drill is being bored by Old Colony
This hole is deep. 1t is Thought likely
that it will the horizon ST Louis vein
between 500
Mayhower is boring No. Is which is close to 1900
feet in depth Two promising cut in this hole
one in particular showing up rich copper It is quite
possible the company may decide shaft before
winter arrives In this event the company would find
call for further treasury
contributions.
SOUTH HECLA-
AT special meeting South Heca stockholders held
this week, 1t property for 100000
shares of the company. which in process Of
organization AS there outstanding 100000 shares
South Hecla, this will give present shareholders one
share of the Companys stock each two shares
Of South Heca they hold
The new Company which is being organized will have
capitalization of 100000 shares of par value IS
share. 100000 shares will exchanged properties
In addition there viii be a issue s1,OOOOOO OF
which 100000 viii be sold par the proceeds
no placed in the Companys treasury development
work. The remaining bonds will be the treasury
to be sold funds required.
Among the companies be included In the new
ganization the City Rocks Grizzly. Hecla
Development Flagstaff, Centennial Emma Nina & Myr-
tha Copper Prince and Superior Alta These properties
cover over 1900 and the
Cottonwood district properties are like
to be included DEAL among them being Columbus
Consolidated and Columbus Extension. Messrs ]. p.
Edwards and N. w. Hare working deal, and
IL is hoped have official announcement in tho
course OF the few weeks.
ToNoPAH- 49,
The advance in Tonopah to sex this
siderable comment, and yet there salts
factory reason advanced for the
private sources however learn that during the
Few weeks developments at the mine have been
satisfactory The Company opened up some very
promising bodies reserves, are given
derstand. greater they have been the
two years. Production rate and
the Company is earning a better than nifty
every three months There was some talk OF an
creased dividend, but this is likely
II was reported this Tonopah had exercised
It's option of the properties which
considering for some months past and the acquisition
OF this property can be regarded buiish point
The property while a high grade one will pro-
vide Tonopah with which be milled at a profit,
and will serve to prolong the life Company for
many years
There was good buying of the stock on the upward
movement and offerings comparatively light.
Anywhere around So share Tonopah looks to be a
very attractive investment.
& ARIZONA
The August production of Calumet & Arizona was
e6OOOO pounds or blister bringing the output
Up to basis 55OOOOOo pounds per annum At
ate Calumet Arizona with selling at 1914 cents
pound better. will difficulty whatever in
maintaining its dividend o. 81 per annum.
ven to understand that the Company proposes keep
p its present of production metal conditions