The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1911-02-21

ana ana third levels showed some fair ground.
and the management believes that further depth
more satisfactory results expected
DENIM ARIZONA
The annual meeting OF DEM Arizona stockholders
was called FOR February Bisbee We are ad-
vised, however, that the meeting win not held
this date but adjourned until time in April
No cause is assigned for this adjournment. but
reported that it is for the purpose giving pres
ent directors longer time which to conclude nego-
tations Of great Importance under way.
1t is reported that DEM win be taken by
Of the other Bisbee mines a equivalent TO
500 share for the present However this
purely report without foundation although it comes
from good source
CALUMET coR5lN-
A deal has been closed whereby block OF 500
shares Of CalumetCorbin to private
interests for thirty cents share This
kept in until July Of the present year The
sale will in the companys treasury $4,000 which
should be sufficient carry an aggressive cam
paign development work well through the coming
summer. The interest deeloped Heating should re-
fleet favorably Calumet corbin. the
pany promising property adjoning Heating
holdings
WlNoNA-KING PHILIP.
The annual meetings Of the Winona and King Philip
Mining Companies win be held month"; and is
reported that these meetings, proposition will be
submitted to stockholders looking the consolida-
ton of the companies.
There a comparatively small amount of King
Philip the market. The bulk stock
by the st. Mary's Mineral Land Company. The
interests Of winona and King Philip close
and they both oricered Wy the The
local management Identical The consolida-
ton OF the two companies would offer opportunities
greater economy in line with the other
consultations in Superior district
garded a step in the right direction The
properties adjoin and building stamp mill to-
Each has 100000 shares outstanding. To de-
upon a basis for consolidation equitable both
companies very difficult.
HEATING
The activity in Heating continued this week, and
the stock sold up $500 share Reports from the
last shipment of made showed net earnings OF
$500 per ton The February operations will
probably profits in $4,000. Heating
is said to have developed large body OF high grade
ore at present operations. should very
quickly accumulate a surplus OF considerable proper
tons and the expectation OF dividends is not remote
SUPERIOR & BOSTON
Diamond drilling the Superior & Boston mine viii
probably be resumed in comparatively short time.
The management proposes to begin on
the McGaw shaft, will tap the body the
eleventh, thirteenth levels. respectively.
cial tend to confirm the belief of Superior &
ton directors with further depth. high grade
glance sulphides will opened up. a depth
below the tenth level of Arizona CONNER
cial, drill showed body of five feet in
width averaging eleven per copper. Drilling
Superior & should attended with interesting
developments
which is not generally appreciated in
necton with the body lying between the ncGaw
shaft the Arizona Commercial property is the
strike the boundary line between the mines The
boundary strikes northwest southeast.
fourth level Of Superior Boston the boundary line
about of the McGaw SHAFT. On
level the distance 500 feet.
This will indicate that Superior & Boston will have
a considerably larger body that be mined
o the shaft than generally considered.
The McGaw shaft is well drained down to the 500
level From to the 500 level a zone show
ing considerable leached material passed through.
this entirely drained permanently
There still a little water showing up between
the 1000 level, but this being very easily
handled.
Considering the important developments both
diamond drilling lateral work at Arizona
Commercial the Superior & Boston management has
great confidence developments which will follow at
the level Of its property.
CALUMET & HEcLA MERGER
In connection with the merger of the Calumet x
Hecla subsidiaries the most important
letter. the publication the state
by Thomas Chadbourne which he voices
objection to including Ahmeek in the proposed merger
A number of the points in this statement well
taken, although they have been we'll explained by drec
tors of Calumet & Hecla. Because of Chadbournes
former connection with the Calumet Hecla, and the
fact that he director of Ahmeek until very
Gently added much the weight of his remarks
The Lake Superior shareholders who opposed to