The sun. [volume] (New York [N.Y.]) 1833-1916, 1899-01-09
BOOM IN COPPER MINING.
CAPT ALIsTs EAGER no IRpEsT IN
hi MICHIGAN COMPANY.


HouGHroN. Mich. Jan. 1.-THE Michigan
Copper Company is in process OF reorRaniza
tion and where call was made for but 81 900.
900 almost S7.O00.0OO has been subscribed
The old Michigan tor Minnesota mine pait
dividends OF 81. S20.0OO and was abandoned b.
stockholders who refused 20 put M S50.OOt
afusr receiving dividends Of nearly S2,OOO.OOt
twenty-n five years ego. The mine was pushed
too hard. every dollar taken out was de
voted TO dividends. and tho time came when
new machinery was required. new ground was
20 be opened and there was no money in sight
TO do the work. There can be scarcely a doubt
chat the Michigan will resume its place among
the great mines OF Lake Superior. However
much opinions mar diner on other properties
the experienced mining men Of the copper
country ara n unit on the great future ahead
Of the old Minnesota. as.was plainly evidenced
by subscriptions TO the stock from this dis.
trict. Lake Superior capital subscribing for
more than the full issue of stock. amounting
TO an even 81 100000. while Detroit people
asked for between S2,0OO.OOo and S3.0O0.OOO
more.
The Rhode Island management has made an
about face movement as rapid rs unexpected.
On Wednesday a score'of miners were set at
york turning the first sods for a shaft on the
Calumet conglomerate reef. Az soon as men
and supplies can he got on the ground two adj
ditional shafts will be started. one each on the
Pewabic and OsceOla lodes. Machinery has
been ordered and work will be rushed. The
Developments both south and north Of the
Rhode Island are not Of n kind calculated TO
give much confidence in the conglomerate
proving rich, but the attempt is worth making.
The main reliance will be on the Pewabic and
Osceola lodes.
No. ? shaft OF the Franklin Junior. which IL
nearest the Rhode Island line. on the Pewabic
lode. is far richer than No. | shaft. while re-
cent developments in No. > shaft Of the Cen
tennial mine ON the Osceola lode have opencd
he eyes of old miners. Within ten days u sur
prising amount of copper has been taken from
No. 2 shaft of the Centennial. A single mass
of nearly two tons was hOistcd one week ago.
and numerous smaller masses Of 300 to 300
pounds have been brought to the surface.
All accounts from the Wirona agree in re-
porting wonderful richness in copper. and en-
ployees are buying shares according to their
ability. a sure sign of the value Of the prop
erty.
Quincy shows a decline Of 2si.BS3 pounds
mineral in 1898 as compared with the preced-
ing year! When the new shaft goes info COM
mission. this year or next. a material gain in
production will be effected.
The Union Land and Copper Compa-
ny. which SO successfully launched the Old
Colony. with Saint Marie's Canal Mineral Lind
Company. has plans under consider ration for
launching several other new mines. Where
ever their lands are contiguous to those Of the
Canal Company..the two will join. tits a mat
ter of significance that the Canal Company. an
ultra conservative corporation. insists on tax
ing its pay for lands sold to new mines in
stock rather than IN cash.
The Mat'apan Company ia to be launched in
the near future. 1t will comprise the old Frue |
and Dodge properties. lying next south of the
Isle hoyqle consolidation. and several other
tracts IN the neighborhood. having Il total area
The Mendoza. on Keweenaw Point. is to be
amygdaloid and conglomerate iodes bearing
copper; but va opened originally as "a CONFER
ore mine, The ore is found IN true ilssure
veins traversing. the copper bearing forniu-
ton at almost right angles. The ore is a gray
free from anthony and arsenic and
smelling. II Ia necessary to reduce most Of
the Montana ore By electrolysis on account Of
timony. both highly refractory in furnace.
There ,, seems efI no longer a question that the
,onsiderableleXtent. though they are not show
their hand; IT Is certain that the Calumet
have been approached and have refused to
go into the proposed consolidation. Whether
the BiRelow- Lewisohn interests. heretofore the
have been swallowed by the STANDARD Oil COM
bination or have themselves swallowed the
other factors is n mystery.
LAKE SUPERIOR IRON.
DULUTH. Jan. ,7.-Another new mine is to be
opened on the Mesaba.range this time by the
Oliver COMPANY. which has fcr several years
This is the Sheridan. four miles west Of Iiib-
bling. and surveyors are now locating a line to
and Northern Road. The Oliver Com
holds the mine under a lease requiring
$4,000 tons to be mined or paid for annually.
The I. P, Allis Company Of Milwaukee. which
few weeks ago acquired two mining propo-
sltlons on the Nermlllion range. has secured n
fhtr0 OF IBD acres, and has aSSOCiHtAU with if
self s. 5. Curry. who for many years was man
ager OF the Norrie mine, who: will have
Will be opened and mined the present year.
The new property Is known to contain iron in
ease TO. another eastern machinery manufac-
turer OF mineral properties on the Yermillion.
Experts are still examining the Franklin
which Jones 4 Laughl!ns. one OF the.heaviest
manufacturers, are chief stock
or the $4,000 men employed on the five
ranges in iron mines the average wages paid
a y fnn now Srd an tSn liz 1 Tor c,2mmon5 labor tram.
miners. In some cases where men are worked
N %e9p 1T ! fsog going 9aE. bet! better than this; Ths
miners: except at times OF scarcity. when flour.
instance. was so u barre; and the scale Of
80 far as purchasing power is concerned. the
aay to-day Is considerable better than in 1852.
1ange 1.500 men and on the Mesabs 1000; In
Michigan, on the Marquette nearly 1000. on
he Gogebic 5000 and on the Menominee
800.
The Thomas Furnace Company Of Niles. O..
las just closed the purchase of the Etna mine
IN the Mesaba range for about 100000. The
nine has never been, operated to any extent
,ut has been explored to show some 1900, 900
onS o.. soft Bessemer ore that can be mined
the stea2; shovel. and is q part OF the
Mountain Iron deposit. The Thomas Com
ANY operates furnaces and steel mills in Ohio,
nd will mine this ore for its own use. 1t had
lease on this mine for two years and an OPP
Ion to buy since November.
CALIFORNIA.
Los ANGELES, Dec. 3l.-With even the small
mount Of rain that has fallen in northern Cal !
iornia mining matters there already show u
lecided increase in activity. In Calaveras 8
ounty pIeparations have been made to con /
argsr scale. The Utica. Company at Angels I
> sinking a new shaft, which will be put down 9
200. feet 10 work the Madison. The water in =
he old workings has risen TO within seventy :
I've feet Of the mouth OF the shaft, The own +
RS of the Orlole have been developing II ex- :
e%nsively and are now putting in now ma :
.hinery.- The Lost Log quartz claim In Salt a
spring Valley has bSen bonded for fhraa yaar =