The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1911-09-23

as wen as SHAFT sinking and drifting The has
funds sufficient to operations
FOR five six months likely IL will be
necessary to do financing until early n 1912
la ROSE
La Rose directors have regular quarterly
dividend Of go ten cents share the outstanding
stock. II announced President McGibbon after
the meeting that in comparatively short time.
would interim dividend although what amount
would be distributed The dividend
declared will be payable stockholders OF
record September Goth BY the -
tributed It is estimated viii a balance OF
S15OOOOO in Its and of the
against she policy further adding already large
surplus q
SUPERIOR & BOSTON,
We have received a o inquiries from owners
of Superior asking be the status
of that company in the that Arizona Commercial
refuses the proposition by Superior Bos-
ten for consolidation In the this pass
and 1t now though Arizona Commercial
not Superior & offer. there viii be no
cnange in the Superior organization what
II is
Superior Boston is amply financed its needs
for quite some time to The of COM
pany realized the which the event
of merger with Arizona Commercial If
merca does desire advantage the onpor-
tunes offered Superior & Boston win simply continue
as it has in the past working independently yet amcaby
with all other properties in the Globe camp.
There talk that Arizona Commercial would
abandon its work I'm the Eureka shaft
on the Copper Hill property. 1t step
would mean handled by Superior x i}os-
ton An officer of the latter advises that
would be adopted in his opinion 1t would make
nc material difference to Superior
ing compelled TO for any large
ever should this prove the be
cessary for Arizona Commercial pay pro-
portion of the costs of handling this according
Arizona mining laws. Superior & antic-
pate the least trouble from this source.
While the is being Superior & Bos-
ton Is not realizing its development
McCaw shaft has less than fifty feet reach
1900 level. The wnze from the Is m
more than fifty feet The has great in
the developments at depth in the Old Dominion
continue to believe that Arizona Commercial
making mistake in accepting aIacrity
offer of Superior & Boston
MINING NOTES
Live will list shares ON the Boston exchange
around october 1s
Mayhower has hole over 1850 feet and It
showed promising formations.
Tonopah Extension is said to have last
$4,000. and will do equally September.
Crown Reserve has declared regular monthly
dend of go and $50 extra, payable October 18th.
Talk of dividend Greene cananea this
tinues be heard although is hardly likely
unless copper quotations show Improvement.
New Keystone has resumed underground development
work. The Company is also operating about
feet of its shaft. ,.s =
Lake is doing well present prices by
interests who position just
is ransprng property way developments.
South Lakes shaft is forty feet deep
and going the per month.
The pump is easily taking all
tered.
Colony has completed Its No 9 drill hole. The hole
bored about disclosed what believed
to be the ST Louis ven although carried
values.
There a considerable selling of Quincy yeserday
which brought decline of four points The said
to have been sold clean up a no
other Significance
1t is reported that the Lewiston interests endeavor
ing to obtain options Lake Superior
critics. Parke Claiming recently visited
this purpose.
Aouez continues to be one of the strongest OF the Calu-
met Heca subsidiary This is a
prising those who familiar very favorable
developments the mine
The break in the New market this had
paratvely little Superior They
hold but few of the rails and ndusrals Coppers
tinue e favorites locally.
A party about prominent mining Including
John d. Ryan, William Corey and r. Aggasz inspcct
ing of the large southwestern mines said the
trip has particular significance.
Lake Superior shareholders Arizona Commercial do
not take kindly to the plan of calling of SO
per share the stock They do any how they
will improve their position hence by this cali
the year ending 3oth. CRANKY carmel
$40 per share compared with 1915
year. During the last fiscal the
duced 17SOOOO pounds of at cost of 1ios cents
per pound
Ia. thu