The Calumet news., 1912-08-17
UNDERLY MARKET CONDITIONS ARE IMPROVED '
AND THE COPPER STOCKS SHOULD RESPOND soon
Position Sinking
and Among The
Important of the Week,


mile has never been developed Therefore, there ar.
many possibilities demonstrated by drilling 1t is
three compartment shaft timbering has been com
pleted to it's present depth
This shaft is goins down about fifty degree angle
and the very promising gdaod veins cut in
diamond drilling. Besides the in which the shaft
is being sunk. there two other veins; one a little
over 200 feet the ana another about 200
feet west Of the shaft Hence the being sunk
with the intention developing three amysdaIoii
lodes all which showed up very promisinsiy in dia
mond drilling.
on May 1st the report showed s2Os75 hand.
This is sufficient to the rate Of develop
mens for time expenses only per
month. They employing about 25
Besides the cash in the New Arcadan holds
600 shares Of New Baltic Copper company
the reorganization of the Arcadan Copper company
which had such phenomenal though short-ived
That there possibilities territory developed by
the old Arcadan company there question,
peciay when it is considered that economical
methods Of mining and latest improvements in milling
ten to twelve pound ingot copper per rock on
fifteen cents metal will show profit 1t will be re-
membered that under the old Arcadan regime it
just twelve months after opening up the mine before
regular rock shipments made This did not allow
for Developments underground nor any rock Sc
lection whatever. In fact it necessary
rock broken in order keep the going while the
average amount rock discarded underground Lake
Superior today ESQ Then again practically
rock shipped to the mill a 500 foot depth
However. the all copper produced ran
nine pounds ngot to the ton 1t would therefore seem
that if this part Of the property
opened with the latest improvements in mining meth
DDS, it could be made to show returns.
With 100000 shares selling at rihe over 81
is equivalent about $50. per for the 5000 acres
Of ground they have the mineralized zone.
SUPERIOR & BOSTON
That Superior & Boston is not a dead plainly
demonstrated this when advanced from $175 to
$3.50 with rich strike the Limestone
shaft was the cause for the strength and activy.
about 20 men employed understand unofficial
sources that proceeds shipments practically
taking of all operating expenses. news Of
an important character should forthcoming
next few months.
At the present time Developments 18th Of
the McGaw shaft include crosscut being driven E.
explore that portion Of the property which
encounter the Great Eastern Limestone faults
sides several other veins that the oucroppng
would Indicate It is estimated that when this
reaches the Limestone fault it will be feet from
face the dip the lode owing higher alt-
tude rhis point.
Another being driven the
develop the Old Dominion fault under Hill
these shouid snow though Just when,
the management dislikes it should be
membered that has proven that the
thrown out place owing the great faulting
point
The Limestone shaft developments include
the being explore por-
tion under QUO Vadis Hill Undoubtedly
this that the strike made although
inquiry the office elected the that
received the official reports There is little
tion that important strike made Eastern
credit President Rice with the ship
ments coming the levels Lime
stone and between the the McGaw. AL
though far nothing sensational has been developed
The prospects Superior Boston from on, are
more promising.
NEW BALTIC
only 10000 shares of floating stock and consider
able this by a stockholders read