The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1911-05-15
A. MINNEAR
& COMPAN


Yves, drift tenth level has encountered sulphide ore
475 feet of the property with excellent showing
Great Improvement upper levels this point
There is every reason to expect permanency this
both laterly and In depth"
our Globe correspondent last evening sent us the
following additional information the property:
"Ore encountered thirty-nve feet southwest of Nc
Cav shaft. tenth level. shows iron chalcopyrite
and glance with specks cuprite and silver good
commercial Vein about twenty feet wide and APP
parenty wider and improved with round Of shots
A mistake made in going too far north to drift
west for the Eastern vein. This caused by
the vein has Strengthened up from AZ to
e5 degrees between the eighth and tenth levels Art
iona Commercial cut the vein and found the dip
TO be 60 degrees. The Superior Boston management
Immediately abandoned the westerly drift started
drift southwest. The ore was then in this new
lateral 35 station 1t is the general opn-
ION of local experts the permanent and
will be extensive"
NEW YORK, May IL
The speculation this week in the market while con-
tnuously dlll volume has again evidenced the
resistance of prices of distinctly bearsh
character, such the reduction of the Boston and
Maine dividend from per cent to per cent basis;
the Vandalia from per cent to four cent, and
in the Steel orders. The full reports
the speeches made at the Steel dinner last
shed grounds for anticipation of early improvement
in that industry, with which, note stin
lower prices for pig iron at South
ting down Of blast furnaces.
The railroad net returns for March renec,
tive OF the trade situation with especial evidence
of control of the operating ratio in the direction
lower figures.
or there a few happy exceptions Other
WISE crop reports so important factor. continue
cellent while the investment demand for issues
shows signs slackening surely matter Of import
to the market in the future.
As write, belief current in many quarters
that the Supreme will render It's decision Mon
day. something for which the market will be vastly
thankful.
Meantime, things held well in hand The bull
position a patient one and affords the shorts
portunty for covering the large stale bear line whch
every narrow and dull market inevitably fosters.
Nothing has transpred to shake faith in the u-
innate outcome of the wisdom OF buying and holding
the issues securities.
~ J. MILLER OF MILLER AND co.
ATLANTIC
All exploratory Section is OF the Atlantic has
discontinued for indefinite period. The share
holders OF Atlantic have received notices from the Com
calling attention to the exchange proposition Of
fered the Copper Range Consolidated 1t is proposed
issue 10000 shares of Copper Range for the
100000 shares of Atlantic outstanding There
is doubt that the merger of the properties
will carried through successfully, for the largest in
terests of Atlantic have signhed their willingness to
accept offer. President Gay of the Atlantic has is
sued the following statement:
THE 100000 which provided by the last
for the purpose OF further exploring the mineral
lands OF this company has all been expended, that
another would have TO called immediate
ly II work II continued.
From the time the Baltic lode discovered in 1897
to the present time continual explorations have been
carried on in Section Is in an endeavor pronaby to
operate the extension OF that lode. efforts have
been without satisfactory results that not
wise to your directors to spend more money in
this search.
The only other mining chance lies In reopening the
old Atlantic lode. but in view results obtained
during the last five years that the old mine
ated and the limited unmned portion Of
the lode directors promise of profitable
results from this course
Your directors have received a proposal from the
Copper Range Consolidated Co. for an exchange OF
shares in the Atlantic Mining Co for shares in the Cop
Range Consolidated Co. the basis OF share
of the Copper Range Consolidated Co for ten shares
of the Atlantic Mining Co, the stock to be issued az
majority OF the Atlantic stock assented
to this exchange.
This offer will remain open until July 1. 1911. All
your directors. and many the large stockholders.
have already the cement. and recon-
mend all the stockholders to make this exchange.
The American Trust Co, so State Street. Boston,
Mass, will receive the Atlantic Mining Co stock, is-
suing receipts therefor. which receipts will he ex-
changed for shares OF the Copper Range Consolidated
Co on the basis OF share for ma
Jority Of the Atlantic Mining Co. stock depos-
tied.
No certificates for fractions of shares will be issued
but the said Trust Co will the option OF the stock