The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1913-11-03
Gossip Of Market and Mines by Minnear \ Go.

ieal handling The portion Of the Warren claim where
this body was encountered is very narrow but on
going upward the formation 1t developed the ore at
point where claim wdens out very materially this
giving the company greater opportunity TO open up
large ore body ON its property. might be added that
this one of the few companies in the Bsbce district that
has no line agreements. and hence the Importance
attached TO the fact undoubtedly where the vein Of
this rich ore apexes the wider portion of the Woer
Inc & Arizona property
The old stope above level is being operated
by party Last Friday the first shipment Of
the easers which will net the company sub
sana amount from royalty. The started work
an oxdized srnger belief that il would broaden
INTO q considerable body quickly demonstrated Ae
cordng to last reports have good stope Of
sulphide is just possible something phenomenal
will be found with further work.
This company was quite securing advan-
tageou with the Copper Queen for the handling
shown in the net financial results Alto
gether prospects the bright and
considering that there only l1s.67i shares
issued going prices this issue offers great speculative
possibilities
SUPERIOR BOSTON,
This issue has been exception general market
nasmuch showed a substantial gain the past week,
selling up SO 7-6. This advance was made ON heavy
trading with principal buying coming from the East
Undoubtedly realizing that this issue at going
prices speculative possibilities, and they
anticipating early important developments from the
10Th level.
According toadyices received yesterday there has been
change in formation the 10th level Heretofore
this level has been dry whereas the drift
IS making considerable moisture again the
has changed from quartze diabase footwall The
DRIFT trend Of the vein varying
sderably the last days its trend has been
true.
In following the vein this level it continues to show
up punches of high grade suphde but far the
vein widened into commercial shoot
level upraise is being about
400 feet east of the first raise This level is furnishns
about daily. the coming from the sub
levels between the Sth and 9th, Work the
toward QUO vadis vein on 9Th level has teen in
ternittent owing the congestion operations
level
Diamond drilling suggested by Supt. Tinker fLc-
itae development work. The company outfit and
Undoubtedly before the coming ends. put
into operation 1t is quite possible drilling viii
done from the several levels The company very
tunate in getting results from its previous drilling
then again. brought results The forma
ton, however is now found TO be regular.
again ii is not likely perpendicular holes will attempt
ca instead the hoes will only short ones
1t is possible that hole will be put in from the long
crosscu ON the 18th to explore the Old
amount of other work
We are given 30 understand company is more
than breaking even When asked If the and ore in
transit less the bills outstanding would be in
$4,000 an official OF the company alphabetically replied
Yes. and considerable that amount"
The fiscal year OF TIE closed October ls and
The annual meeting OF stockholders is scheduled Dec
ember ls Shortly after the date the annual report
viii be mailed stockholders.
AS comparison, would like attention to the
disparity between the selling prices of this stock with
Arizona Commercial, not that We wish to bete the lat
ter but simply to show the possibilities of SUPERIOR A
Boston in the market Arizona Commercial has $4,000
shares outstanding, Superior & Boston has esaoOo
the orner shipping while latter is moro than
breaking even from shipments
coRsiN COPPER
During the past week, assessment of 81 per share
was called the outstanding stock of this cop,nspv ,
able November 14h by stock of record November tsb
RMS viii net the company 49, which would no quf
heieht to continue operations sometime and were
not Tor the fact that 10000 due on the Camurpu>
Claims January J. 1914 the company would be in good
'l cohui'oh although it is quite possible some ar
ee"e'l can De made Tor an extension portion OF
~ amount y payment Of $4,000 October
-V'iE which makes tota Of $4,000 on the purcbase
Price $4,000
" ''a'' on ulese claims has attained depth of 2Or
ee ana while the present equipment Is capable of hoist
e o oepui oil 900 Feet the management proposes 10
install more powerful hoist in the near fu,uro TN,
wooden head frame will be replaced nv oDe of stool
construction ~
eo' 'e ALEX SCoTT.cALUMET g. SONORA
" we Understand It, the negotiations for the aequis-
ton OF the Calumet ~ Sonora pron.r,, b., -, b.,
Scott company have fallen through t,o ,ro,os,,ioo A.
suggested by the latter Bourd of Directors mot hiry