The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1902-09-19
LAKE SUPERIOR COPPER
Low Prices Stimulate Consumption
-All-Rail Shipments Again.

-All-Rail Shipments Again.
J HoUGHToN, MIC.H.-one year ago up
wards of 5000 tons of refined copper were
stacked up on the wharves at Dollar Bay,
awaiting shipment The Buffalo refinery
Of the Calumet and Hecla- had immense
stores on hand, and the big producers at
other points were carrying an undue guam
tlty or metal. AT present the smelters or
this and Of all other American copper pro-
ducing districts are shipping their metal
as rapidly as made. The end Of the sea-
son OF lake navigation will find the local
wharves bare of copper and there prom
Uses to be a resumption OF the all-ral
consignments of the past three winters.
! There Is no question that II cents
pound is an unduly low price for the met
al, just as II cents was unWarrantedly
nigh, but the past ten months Of low pri-
ces have greatly bettered the copper trade
oy stimulating consumption checking pro-
auction in weak quarters. and working the
accumulated stock into manufactured ar
ticles. 1t is to be hoped there will be no
repetition Of 17-cent copper, but it is alb
Eolutey certain that higher prices must
soon rule for the metal.
The starting of the Adventure mill this
month will settle several disputed points
regarding the average richness Of the
mine All that can be said with certainty
is that the Adventure is remarkably rich
In spots and almost or quite barren in 9TH
ers. The average values can be deter
mined only by continued milling on large
scale.
The management of the United Verde
mine at Jerome, Ariz., is drowning the fire
now burning with carbon dioxid
The plan Is essentially the same as first
devised by the Calumet and Hecla at the
time OF the second great fire in that mine,
some fifteen years ago. With the mine
openings carefully sealed, this gas will
90
as water and cannot ruin the mine OPEN
l1ngS, water would
Five years ago the Quincy mine began a
campaign Of betterment, now just COM
pleted. Between $1,000, 900 and 81, 900 600
nave been expended. Some Of the Quincy
stockholders grumbled overn1uch, but had
the money not been laid out the Quincy
would be in a bad position to-day. The
mine equipment is now In high state Of
eH1c1ency in every department, and the
Quincy is earning handsome profits, not
%ithstanding low priced copper.
The diamond drill at work on the Globe
tract, next south Of the Champion, is now
In the solid formation, with prospects of
locating the long-sought-fo for Baltic lode
The matter of organizing a mining ex-
change Is being considered in this dis
trict.
CALUMET, MICH.-The Calumet &,
7ecla company has completed the irstalla-
zion Of line Of electric pumps in No. z
shaft Of the Hecla branch of the NINE
Thomas Watson of England has COM
pleted an examination of the Carp Lake
mine, In Ontonagon county, and 1t is like
ly the mine will be reOpened. The Carp
Lake Is in the Porcupine mountain dis
trict and work has revealed promising
copper lodes.
Exploratory work will commence at the
Ahmeek property in Keweenaw county
The road leading to the mine has beer
repaired and an outfit is installing
The Ahmeek is between the Mohawk and
Wolverine and supposedly carries the
Kearsarge amygdaloid lode. One Of the
old shafts on the conglomerate lode will
be cleaned out and sunk to greater depth
Crosscuts will be extended to tap the
Kearsarge lode.
The Protogene Gold Mining company
organized and controlled in the Lake SUI
pertor copper district, has decided to pro-
coed with the unwatering Of the mine
When it Is drained, development work will
commence. The Protogene is In the Rainy
Lake district, and when worked by its
previous owners produced some gold.
.sUMPTER. OREGON-The day Of mer
gers is on in Oregon. The second grea
consolidation of mining properties, in
voIving millions of dollars, has just beef
effected. The first was the merger II
tllS lieu DOy olSIiiC "IiCiO bS SAO Wv
great properties the Red Boy and tn
Concord were consolidated on basis o
g. 900. 900. Now comes the announcement
that consolidation of the three bes
properties in the Bohemia district, ha
taken place. The organization is know
as the Oregon Securities company, wit
O. capital stock Of IS, 100000. The thre
companies absorbed are:
Helena Consolidated Mining and MIL
Mnassc Nqininn and Nf,ii,ng comnonv zoo 90
CaIapooia Mining and Tunnel COM
The Helena has q. production of 1914,
o03.25 to it's credit, and has paid $170, 90
in dividends. The Musick has produce
5000, 900. while the Calapooia's merit lie
in It's location. The consolidated compa
ny control thirty -one claims or 700 acre
Of ground, and has three stamp mills.