The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1912-04-22

II 10
approximately $50 share The belated appreciation OF
i this OF $50 during
the present prices. Tamarack can be
considered very promising proposition particularly
with selling at sixteen cents pound
will produced 5000 900 pounds OF con-
per 1912 IT is semi officially stated March the
company produced a 1l.2O cents per
pound price this prod.
uct is Is pound profit four pound
results equal $4,000 $4,000 OF Tama
rack outstanding equivalent So share in
earnings
1t hardly likely that Tamareck resume dividend
payments immediate future copper main
tanning its level there why
lany should be position make disbursement
before the close of the present year
! ADVENTURE
on the 800 level Adventures new shaft
very promising lode which attention
called in last weeks letter for than 80
yet the footwall has reached The first
OF the showed heavy copper the
remainder OF fair grade. The management yet
satisfied the identity this veln and it
thought possible that II is No lode that the
| vein cut several weeks merely strnger.
The of the developments the adj
in the stock above $40 share stock
is without speculative possibilities. Attention
only called the that company 1896
OF land and also modern stampmil Lake Su-
OF three heads and good
old shafts. With selling sixteen pound
mine reopened nc satisfactory profits
could be made.
At the time Adventure supplied with
working capital but with the present develop
ments the condition the market this fact
is not causing the directors any
BOHEMIA
1t that during the coming Bohemia
will resume exploratory work and will have
1riIlc
sig5OOO in cash in its treasury thoroughly
prospect its very promising property necessity
of shareholders further contributing
In the previous campaign of exploratory work. results
rather unsatisfactory obtained showing
no promising veins which to sink shafts
With the indications the Hussey- Howe
property possesses the is considerably
enhanced There priced Lake Superior issues
which speculative possibilities Boz
hemia .,
NEW ARcApIAN tW
1t is expected that Arcadian will break ground for
new shaft during the coming develop the
very promising amygdaloid recently
mond drill hole The first of these veins
and carried fair value: depth Of
about 1000 feet showed : feet very good ground.
No. q drill hole is being bored to the
veins at shaower depth. and if they up prom
isingly they did in 22 hole sinking win at
once begin
Ma 20 dril hole also cut very promising vein which
will be given further The present campaign of
exploratory work being territory which
had hitherto given by the New Arcaan
LA SALE
An advance of two points in Sale this week brought
out the report that property would be
resumed within the next week Confirmation
report is unobtainabe 1t is understood will
be conferred largely at the Teeumseh
shaft results obtained up time work was discon-
unued were very encouraging This equipment
sufficient to make possible operations large scale
unfortunately the vein the Sale property very
narrow and average values not been very high
The company has assets of 1886 ooo and for
further funds can call upon Calumet for loan
up to s75Oo0O this being the provisions made Mt the
Time the company organized. When operations were
discontinued at the property November 1911 the fol-
lowing statement issued
The ground opened necessitates a. reasonably
large tonnage to profits fair price OF copper
me area developed on the Kearsage contiguous TO No
smart IS now adequate for such a tonnage; but the
10" price OF copper and the lack suitable stamp,
ing iacihes make production ct profit impossible While
Az smart ~ being suitably equipped expense of fur
her development work be deferred until condl-
tons warrant production steps are taken IN tenn
porary discontinue operations and steps are taken to tenn
posed to do exploration your property to the
east of the Kesrsarge lode"
MINING NOTES
savannah was quite strong this on the curb market
advancing 10 ~ on the report that negotiations
way for the consolidation with the Chemung Copper COM
pany Both properties Silver City district
IT is understood that negotiations are pending for The
organization OF new company to take property