The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-11-25
MICHIGAN.
MINE OWNERS
ARE IN CLOVER
IN PRICE OF COPPER
MAKES GOOD TIMES.
Average Of 141a Cents a Pound Elk
pected Next Year-Laboringmen as
Well as Shareholders Enjoy the Bene-
fits-Much New Work Begun.
Spacial to Tho Journal.

Special to Tho Journal.
Calumet Mich, Nov. 25.-Lake mines are
benefited to the extent of $5,500OOO year by
the advance in the price of copper. Providing
the metal continues to sell around the present
level, and it seems to be the consensus among
trade authorities that the price will average
145a cents next year, greatly Increased pronts
will accrue to local producers Increased diy1-
dends will result and the prosperity will be
general, shared alike by the companies, share
holders and laboring men. Il
In compliance with Geographic instructions
from President II. F. Fay of Boston, the local
officials of the Miskwabik Mining company are
making preparations for the resumption OF work
at that mine. ..--.- - .s-...s5t Is 80 :
Indications are that there will be liberal
amount of construction work at the Mohawk
mine next summer. The established values at
the new No. shaft will result IN the 1nstalla-
ton of a hoist, boiler plant and other heavy
machinery. AS No. becomes a pro-
Queer, the fourth head at the mill will become
a necessity, and consequently more dwellings,
will be required for the enlarger working rorce.
Operations have been resumed at NO. smart
Of the Adventure Consolidated mine, in Ontona.
gon county. Work at that point was suspended
eighteen months ago. 1t is the purpose to cross
cut to the Evergreen lode. and four drills WILL
be placed in commission. 49, ... ..s.-,
While it is planned to develop the Mass mine
to point where large production will be main
tanned regularly it should not be inferred that
the Michigan is to be cut off from further use
Of one of the heads at the Mass mill. 1t will
probably take two years to put the Mass IN con-
dlttOQ TO supply three menus TeSuldI uCoAuSS'
the Michigan's lease on the Mass stamp has
another year to rum 49,. ~ 81 -
Increased production has resulted from the
change in the policy Of the management or the
Mass mine, and further growth will be noted as
additional drills are put on. BY me expenua-
ture of the recent assessment of 100000, the
property will be placed in shape for large and
profitable production.
At a meeting Of the stockholders OF the Port
age Lake & Bisbee Mining company, In Hancock,
the following officers were elected: President
W. 8. Cleaves; vice president. John Funkeyi sec
rotary, W.. I. h1cAIaster; treasurer. Charles
Lewis. It is the purpose to raise additional
funds and resume work on the property IN the
Warren district of Arizona as soon as pos
sible.
John L. Harris, superintendent of the Quincy
Mining company, has petitoned the circuit court
for the appointment Of receiver for the Da-
cotah Mining company. The corporate term OF
the company has expired. The receiver Is asked
for the purpose of calling In the stock and OIL
viding the assets pro rata among shareholders.
Active preparations under way at the AL.
| Iouez property for the starting OF the second
shaft to tap the Kearsarge lode.
At a meeting Of the directors of the Mitchell
DEVELOPMENT company in Ishpeming, an assess
ment of 80 cents share was levied on tn
| 80 900 shares of capital stock outstanding. This
viii net SIS, 900, which will be used in pushing
| the diamond drill exploratory work.
] Owing to its inability to raise funds to meet
| the second payment on portion of Its property
| the Calumet & Bisbee Development company
has been forced to relinquish all rights to ten
| of its claims. A payment OF $4,000 was due
but the shareholders refused to supply the cash
| to meet it.