The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1911-05-27
SUPERIOR & BOSTON,

encountered IA the southwest the lOh
level in the Superior Boston. May 10th continues to
MI the drift and its width Is wholly matter
speculation Although conformation of the shaft
the point where the vein entered would give the
impression of a vein about twenty In width its APP
pearance that point uncertain the
bodys extent. Its width will until it
IS explored laterally
The drift is IS feet long and is being driven
the foot-wal The is high in iron and is OF
good grade commercially, although average
rot yet been ascertained by the company
mostly chacopyrIe glance although also
tains some cuprite and carbonate.
The being driven north from the 10th level
towards the Old Dominion in shattered quart
zite heavily stained with iron. From estimates the
veins dip and of the iron stain it sup
posed the fault is from the present
drift. which may the vein any day.
The pump installed 10th few months ago
has proven capebe of handling all the mines water
and the aow has been decreasing for time
1t is probable the management of the Superior
ton VIII sink explore suiphide
the adjoining Arizona Commercial depth 1900
until the ore being cut the Otn level shall have
been explored to considerable extent"
THE COPPER MERGER
The air is surcharged concerning
gigantic merger the hope upon which builded
the possibilities OF Improvement
l. S. OF course impossible TO with any degree Of
assurance accuracy just how this big merger is be
brought about but IT is certain the details
IDLY being ironed out and will make greater stability
for copper than the metal before possessed
The plausible theory advanced the to
be adopted is the organization produc
ing section, with the perfection several
smaller consultations. the ultimate will follow
of the different groups brought together. The
soldaton in the Butte camp best illustrates how the
camps will be unified
The consolidation Will be effected along lines which
will not leave 1t Sherman
trust law. In fact the Interpretation the
az announced by the Supreme Court Standard Oil
case paved the way for the prompt resumption nego
tiations for the merger
1t is only reasonable presume that those who have
in hand the working out Of the details the unicaon
of the producing have opportunity Of act
ing the information they possess marketwise. Be-
of the favorable prospects adjustment of
differences among producers believe copper will
be advanced in price gradually. fifteen per
pound will probably be a standard basis for
trade ultimately. Such being the regard the
present as opportunc time to buy the better class of
stocks buy them outright the certificates and put
them Another six months should tell a much more
pleasant story to the holders Of copper shares
NEW BALTIC
New Baltic active in the local tradins
this week selling close IS share The advance was
due to the circulated that the depth
of 1886 feet had the The had he
driven but 25 feet news important
momentariy expected. lateral being extended
viii open the identically point
mond drilling showed vein heavily charged with
per- 1t is quite likely that at this level considerable
lateral work will be done by New Baltic and the results
will influence great the policy of future de-
voopments not only this property but also Arcad
IAN
WOLVERINE
The shaft being by the wolverine the os-
ceoa vein has far failed to disclose important
Venes However this does Indicate any lack of pos
siblities. on the contrary there every
rect satisfactory shaft viii have
been driven deeper At present drifting north
and south is being done this point
Results of operations for Ap-n very gratifying
The mineral values showed decided impro, ement The
by wolverine for March 2344 pounds of
mineral. while April 27.1s pounds. For
the month the discard but per cent mol
change in the forthcoming semiannual dividend is ex
pected
MOHAWK
There has been very good buying of Mohawk in
evidence during the past and consequences TIE
price of the stock advanced about five points $5. As
depth is attained shaft those familiar
with the results point greater enthusiasm
No. shaft is down the level Values in the
drifts sought particularly the fourth level very
high. Not only this Improvement noted No shaft
hut No 8 is also giving better results
of the better grade of rock coming from the
shafts above mentioned Mohawk April al
recovery 1918 pounds OF refined against about
IA pounds in March discard at Mohawk runs high
er than at Wolverine. beng slightly than per
cent