The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1913-02-01
SUPERIOR & BOSTON

The that is coming from the development work is
being shipped and while stopping has been done yet
connections have been made in the raise the
levels. active mining viii prosecuted
undoubtedly shipments The will probably
be continued the ih level providing it
continues in minerazed ground. Engineer Thomas has
completed his report
The developments Superior Boston the past e
weeks have certainly encouraging the
ket for this issue has responded quite readily especially
considering the action of the general markets.
UNITED VERDE EXTENSION
The clearing up old openings at this prop
erty the sOOfoo level has going steadily
the past six weeks Development work has been
what retarded awaiting the arrival of which,
however is expected to the ground operation
in the very future.
Under the old regime. several good
ported to have opened up this and the
work the l0o level which however, 1870 feet
low the 500. quite satisfactory. owing
problem lack funds. property has been idle
since early in 1911 until Just recently when Douglas
and his associates acquired option oil control
Another reason for delaying active operations
the negotiations for control Of the Jerome Verde Copper
company and the Florence claim Of which Senator CLARK
owns one-thrd interest We understand ne
Ro,atons have been successful much options
been secured undoubtedly work Of developing the
henccforth on IN
rapidly
We are told that development work for the time being
viii be confined TO the 800 and loo levels IL the show
short distance away present shaft which is only
single compartment and too small to be in
mining A new shaft when started could be put at
rapid pace both raising sinking could be carried
at the time.
feature that should eventually make higher in
rnsc value for United Verde Extension report that
as good if NOT better being found in the lower
levels of the United Verde property adjons the Ex
tension In the months. shaft has been
2OO the 500 levels and This 500 leve, If
the Verde property corresponds with the 200 level of the
Extension s there is difference the collars
of the shafts.
For low priced proposition this offers great spec
uative possibilities it is managed by capable min
ing men, and has guaranteed to carry on thor
oueh development 900 shares optioned 10
Mr. Douglas and his associates have already
been paid for Those connected with Mr. Douglas are NOT
only the cole-Ryan Calumet crowd but some
of the influential he Steel corporation as well
HAYNES COPPER
There are few bids in the market for this issue the
first for time buyers are probably promped nv
circular issued to stockholders stating mine has
been uhwatered and that actual sinking progress IL
Is expected that 500 feet of sinking win necessary
encounter the bodies they should appear at depth
of LOO feet The work unwaering the mine was great
or than at first anticipated surrounding country had
tn he drained according To the This was accom-
pi'shed by bailer although electric pump Is now In
stalled The property is entirely of debt and IL ia
stated they have sufficient carry ON the work ou
lined for three months Further financing will be made
by the sale of treasury stock sales have been made
the past week 1T twenty cents
IRON CAP
PRESIDENT Knight states that the ore Skinned
during the month of December $i45 opera
tons at the mine have been greatly hampered by the un
usually severe freezing weather which complaint is rarely
heard from the Arizona district.
MICHIGAN
About 20 ributing on this property and
are meeting with very good results.
/ This property has been casors for aom
time past. and the company y of the net proo
from these operations why the has not
seen ut To call open nm the
Is hard To understand. While the floating debt e in ,b
vicinity of 100000 they valuable timber lands 40 vol,
(Contirued on Page Three