The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1911-05-06
CURRENT OF THE Co OF ] ,|sISss
0O0OlI ''''''''.''''''. &
By j. A. MINNEAR

proxnaely 800 feet when the horizon will
that I'm diamond drilling year and
which disclosed a remarkably rich About ten
days ago encountered in the shaft rock heav
lily charged with Some Of the characteristics OF
the vein matter different those shown in the
diamond drill and there is possibility it is
VEIN The discovery win be given further attention.
NEW ARcADiAN-
New Arcadian > steadily working diamond drills
property. although to date have been
Indifferent The stock has been very active this
week, largely TO developments New Baltic
New Arcadan 10000 shares of New Baltic and in
addition has funds sufficient treasury TO carry
operations for another without calling share
holders for further contributions
COPPER RANGE
During the present summer. Copper Range VIII
tend the intake at the Champion mill. and it is hoped
that the troubles which last winter
win be entirely eliminated. The railroad has found Il
necessary lay several the fall
ing off in the amount OF the freight being handled.
The Trlmountain, Champion Baltic all main
tanning normal production. Earnings, however.
tnue to be insufficient TO maintain dividend dsburse-
ment Of 81 year the present selling price cop
There is doubt but that the next dividend viii
be cut from 81 to 75c share quarterly The only con-
dition which might arise advisable to MAIN
tain the old would be a decided Improvement n
the metal market
MINING NOTES
The Anaconda Butte Ballakiava litigation viii b
given further airing this month.
Carman stronger this week on the announcement
that the Chspas vein has been encountered.
Calumet & Montana continues TO be active feature
of the curb trading Duluth interests endeavorng
to put the stock higher.
Porcupne Gold quite active yesterday and scored
substantial advance to Csc share We continue to
get very excellent advices this issue
It is understood that the Mexican rebels recently WIS.,
tied the Santa Rosala property and took some of the
eompany's supplies. The loss was insignificant
Greene Cananea was slightly lower this The
instruction the uncertainties surrounding
outcome responsible the selling price OF
the stock.
South Lake is being well bought by those who have
had the opportunity of examining carefully the diam
ond drill recently obtained These said
to be remarkably rich
Baltic continued to be quite active the curb
this week, but failed sharp advance scored
last week oneco Arcadian also subjected to
quite profit taking.
Algomah is being tipped for higher prices. Deve-
opments the property said to be crafty
ing Operations at the Lake will have considerable
L
Superior & Globe continues diamond drilling opera
tons with results to date Indifferent company has
funds sufficient its treasury garry operations
for probably the remainder the year the present
The announcement Of important developments at SUI
perior Boston be expected at almost any time
Operations the 1000 level and both the
Great Eastern and Old Dominion will be opened
up at this point
Honger of the features i'm the precious met
g, stocks advanced s127s This issue IL about
the only the Porcupine which continues its up
ward march without interruption. The buying of the
is said have been largely for London account
Atlantic been in good demand by reason of the
exchange of the companys property for 10000
shares Copper Range. The exchange basis is equal
to Sc per share on Atlantic stock Providing majority
of Atlantic shareholders agree the the deal
viii be put through
Live oak has hole No 81 down 1867 feet and still in
| 22 per No. SO is still in the Gaping. No
S5 feet Hole NO 81 has just been start
ed in southwest of the property No Sc win
also be started shortly No. shaft is 1O4 feet deep
and a record sinking made recently when 1t wa
put down twelve feet in day.
The crosscut at the eighth level Lakes old shan
entered the lode and far is fully rich as a
any other point yet developed is expected No
shaft VIII he holed very soon recent TO
port prepared the property has done much TO stnu
in Lake and caused the advance to $50
share.
Sinking is under way in both shafts at the ojibway
The Kearsarge vein is being opened UP at the 1.5o
both shafts and results said to be yer,
gratifying. 1t is quite likely that before the close o
the present summer ojibway will be shipping rock q
the stamp mills in this district quite likely tn
| Centennial Aiouez plant
Directors of Chenung il is understood will be In sn
yer City in the future the annual tour Of In
spectiop. But very little work has been done at Che
| mmng during the past six months the company