The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1911-01-28
CURRENT $500. 49, COPPERS
0O0011 '''''''''''''''' COMPANY

February 7th promises be interesting one in
dlcating what may expected from the company in the
future.
Since the Cole Ryan interests assumed control OF
Groux said that the company has blocked con-
sderaby than opened up when former
President Oiroux headed the company
1t is understood that the annual meeting state
ment will concerning the the present
reserves which formation yet been made
public by those i'm control of the property.
Giroux holds firm around $3.50 and it is understood
that this is about the price which the largest
interests paid their present holdings When
the Coe-Ryan assumed property
they 100000 shares of the stock at $500
share, later adding 10 their holdings, bringing up the
price.
HELVETlA-
The of fifty a share called by the
Helvetia Copper company generally expected by
those familiar with developments at the prom
erty.
Heveta has been confronted with several serious
problems during operations in the year. the most
serious Of which 1t is believed that in the
four six months with obtained from
the present call. operations pursued in a man
aggressive will be a large body of high
grade developed likely that production will
be resumed during the present and plan
ranged for satisfactory shipping IA
cllties
ALooMAH-
Algomah sold down to 5000 a this week on
rather light offerings The decline without any
significance, for the information obtained the
property is of encouraging nature and indicates
that Agomah will prove to be the attractive
of the propositions in the so-called Lake district
At the 1O4-foot level, drifting continues disclose
ore of very high grade The fourth diamond drill
hole has passed through formation a similar
that In tbo nh
ed to position further west. and is likely to cut
several bearing lodes disclosed expora
tory work.
Algomah appears is be worthy o much attention
and regard it with much either In
diana North Lake.
SOUTH LAKE
South Lake directors no authoritative an
yet concerning plans for further fin
ancing although it has that there will be
This will only the one means open
for additional funds that of treas
ury stock This plan will probably adopted just as
the general market conditions
sue
In the meantime diamond drill work continues at the
property, and each hole results Of pre-
vious exploratory and lends strength to tho
belief that the South property great pos
sEbiltes.
INsPIRAToN-
During the month of December Inspiration added to
ITS tonnage of ore blocked million. tons and in
addition 100000 of probable ore This will make
the total blocked up to January 1st 1911 APP
proximately 2OOO0,OOO tons
The small experimental mill is operating at the In
spiraon property with the data obtained from this
MILL together with results which will be watched close
iy at the Miami concentration. the cement will be
able to prepare satisfactory plans for
be entered later by the Inspiration
The rumor continues be rather persistent that
within another year. there will a consolidation of all
the mines in the Miami camp include Miami Inspira
tion Live Oak and Keystone event that this deal
is consummated Inspiration will found to enjoy very
favorable terms In such consolidation.
MAYFLoWER AND OLD COLONY
There was a revival interest marketwise in May
Hover and old Colony Thursday both issues selling up
TO s100 share increased interest in these issues
Is due TO the results of operations at May
Hover However. those who familiar with this line
OF exploratory work done at the property almost
years do place great confidence in the possb
tiles of either property
very close to as distinct veins in the first
complete cross section made of the Maynower property
and several the veins shown in the cores obtain
ed disclosed good copper values However upon being
opened up in drifts tunnels and shafts these veins
proved Disappointing The sandstone was reach
ed in the early diamond drilling and a vein carving
fair copper values lying directly on ton Of
this sandstone. However when opened up IL proved
disappointing - =, .s
Conditions very much similar those outlined above
obtained at Old Colony This week No. IL drill hole
which is going down almost dagonally to the formation
at the Maynwer lode rs feet wide well charged
with copper. "u a. ri
Mayfower sold stamp mill site to the Calumet g.
Hecia some s35 OOO the balance
OF when is now being used in exploratory work old
colony has almost exhausted its treasury balance