The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1911-12-19
CURERREESNTPP OF THE C c. ! 1!:!sss
0OOO11 .''''''''.'''''' COMPANY

developing its property. also compelled TO NEE
heavy charges handling amount OF water
In addition the which visited the proved rattle
costly These various contributing factors undoubtedl
depete the company's treasury. The create
portion of been converted into stock
that another all unlikely. Recent develop
the have been considered quite favor
able. further depth in the shafts the object
operations Until this question Of further financing is de
cided there will probably little important change Il
Giroux - ~, lxslSdfsJ
In the extended from the e45foot level Hough
Copper this the Superior lode and far
shown very promising Twenty of the vein
ried copper The management hopes do con
siderable drifting the vein this depth. dia
drill was obtained the vein about tn
depth OF the shaft and showed good
values. This TO conclusion the vein viii
carry good copper.
HouGHToN COPPER
There outstanding $1,000 shares Houghon Copper
the bulk which closely held Wide quota
tons naturally follow The announcement of the new
this week brought advance in the price of this stock
Sc share. 1t is quite likely that Houghton will be called
upon arrange financing, has S7OO
shares treasury unissued this financing take
the form Of additional
coRBIN COPPER
President Stephen r. Dow visited the Copper Country
this week. and in commenting developments at the
Corbin Copper stated that the equipment and con-
centrator the Corbn Copper this week, and in com
centrator at the Corbin Copper work
ing very satisfactorily. The resumption of sink
ing in the shaft had been started The vein opened up
continues to improvement high grade
rer. the Dow tunnel. also been cut
ing commercial values.
The assessment slOO a share payable the stocR
this week and brought about considerable activity in tho
issue Boston of President Dow will prob
ably stimulate further buying in Corbin Copper.
SANTA RosALIA-
The Santa Rosaia property was inspected recently by
T. D. Johnson and Harry HILL directors and they have
home very well pleased with the showing at the
mine That the company is handicapped by a lack OF
funds is quite obvious and undoubtedly shareholders will
be asked assist, through assessment, in making il
possible aggressively develop their property
The annual meeting of stockholders will be held about
the middle Of January, which time the annual report
and statement shareholders will be mailed. In the
meantime Messrs johnson Hill prepared informal
commenting their trip the Santa Rosalia
property which reads follows
our recent visit to property the Rosalia
Mining company, in Sonora, Mexico
disclosed conditions highly satisfactory from
point While have doubted the great
value Of the property have, is well known. been
handicapped by antagonsc interest which. unfortun-
aey carried such amount of stock in the old company
TO enable to nufy all efforts the part of the Cal
umet directors to put the mine earning basis 1t is
unnecessary into detailed history of troubles;
say time greatest trouble
the board in behalf of the stockholders
assumed the responsibility and of the effort to
stockholders the property
This finally accomplished by the advance of consd-
cradle by portion of the present directors, and
sation
The money obtained by the assessment the time OF
forming the company been exhausted by
legal fees, in making the transfer in buying the
claims which enabled hold the property for the
stockholders clear it from debt a moderate
OF work at the NINE While this nee
essary been limited examination undertaken in the
company Of the engineer and others, who
personally acquainted with the mne shows the
work has been in the right direction The opn
ion of the party that the needs only money
push work In the upper levels a few miners
working over old ground basis and string
which they following that high
values in the old Of the mine The company
also opened rich the $780, 200 $50 levels and in other
parts of the mine. on the 200 level opened a
days since shoot which widened nothing tc
about "a inches in five This apparently
nuation after slight fault of the vein stopped
the zoO ana IS In virgin ground Five assays showed VAL
ues Of $780, $1,000 $4,000, $4,000 and SOOOO per
The details OF the ceraines prob
abilities too many to this
ment We will say. however, that in sinking the shaft
passed through the vein at $50 feet below the ad level
tmbered and its existence ignored by the previous
mana cement.
MINING NOTES
shattuck advanced points this with n,
news to account for the movement Some announcement
on the plans for financing the smelter be