The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1911-03-11
CUEE6REESNTPP OF ,i=' THE Cos,P51PaEsR12Sss
OOA COMPANY

~ j. A. MlNNEAR
& COMPANY

which been will prove to be but a slrb, on
stace in the path of consolidation.
Once all litigation and other questions are settled ,b
merged companies win be in the shape reduce costs
and operate much prontably ever before The
consolidation will add materially stability of the
district. likewise the value of the shares
from investment standpoint.
SANTA RoSALlA-
The time for paying the assessment twenty cents
Santa Rosaa stock and exchanging the old for now
shares. been extended a week or ten DAYS The
exact time will be determined in a few days when the
opinion of the outside directors is obtained. The ex
tension granted because directors felt suf-
ncient time had been allowed to familiarze ell share
holders plan. Very close to SOW
entyfve per cent of the stock in the company that
will recognized for exchange to the To-
cal office with the
small force of men is employed at the mine
supt Sandtner. until such a time as plans for
aggressive operations prepared
kEWEENAW-
shaft the Keweenaw Copper company going
down Kearsarge has attained n depth OF
775 feet The vein passed out of the shaft time
and recently the management set up diamond
drill at the bottom and started drilling horizontally to
intercept the lode The vein was cut a
few days ago. showing a fair of copper The
company is employing thirty at the present time
UNITED VERDE EXTENSION
A block o United Verde Extension was llquidated
this and broke the price a point. Reports
from the property told, continue to be very
favorable. the the company claim that
conditions had nothing whatever to do with the
drop in the price of the stock. The report from
the property indicates that body of four
width had been opened the averag-
ing 1--WE per cent copper and IS per ton in gold
SOUTH HEclA-
1t is expected that definite announcement win
be made concerning the plan the consolidation
number of properties in the Little Cottonwood district
to include South ecla. The is
before March 18th. South Hecla has a capitalize
ton OF 100000 shares par value of IS which
100000 shares remain the treasury unissued the
time of the consolidation of South Columbus and Alta
& Hecla. 10000 shares of South Hecla sold
ty cents share private sale This provided
sufficient carry operations and the company
has about ss 900 i'm its treasury.
South Hecla its property outright, covering
Development work covers six miles of tunnels all
laid with rails, electric lighted pped air. In
dition, it has blacksmith shop. n ALL
about 100000 has been expended in equipment which
includes ive-drill compressor Because of the
favorable weather. only about twelve are
working at the property 1t is estimated the company
has 100000 blocked out, which will aver
age from s14 to SIS per
TAMARACk-
The annual report of the Tamarack Mining company
is at hand. and is very favorable document Dur
ing the 1910, the company produced slightly
eleven million pounds copper a Of t47
cents per pound This four tenths of a high
than the cost Of production The loss for
operations during the year together
cunted to s191,S4S. Tamarack received OF
1923 cents pound for its copper. BY of exra
nat for he Of
Agassiz in the annual report that the ventilation
in the openings at both No. and No. shafts very
poor during the year. and this add
ed greatly 10 the cost of operations We understand
that miners in Calumet able TO break almost fifty
per cent than those Tamarack simply
due to the in the Tamarack annual statement
In the that the consolidation goes through Is
quite likely that plan remedying the present
difficulty will be quickly found
LAKE SUPERIOR & ARIZONA
The developments at the Queen shaft of the Magma
company shows diminuton the rich encoun-
tered the 65O-foot December No effort is
being made stope any this ore. but about 400
been hosted surface extracted in develop
ment work. and Superintendent Neary is planning on
having this smeted in the future 1t runs
high in gold silver and copper values.
The Magma company. it will be recalled has an OPP
ton property Lake Superior & Arizona. There
is every to believe that this option will be exer
cised. The Superior camp is becoming the scene OF
much greater activity. number of properties not fa
from L. S. A. are being given considerable attention
and with results almost invariably of encour
aging nature.
LIVE OAK
Live oak has issued circular letter shareholders
which in part reads follows:
'By report to stockholders under date January l.
1911 you advised OF the financial condition Oh
the company and its affairs to date We beg to ao-
wise you that time the continuation OF drill