Bisbee daily review., 1908-10-27
MininQ, SrneIterS and StOCR Quotations
ALARM OVER c. & H.
 IS UNPRECEDENTED

and the stamp rock is expected to yield at least 20 pounds of copper per ton.
 The deepest level on the Oseeola lode In Calumet's territory is 260O feet on the incline. Six shafts are going down. Tamarack, we under stand, is getting very satisfactory cop per values from the Osceola lode at 6 vertical depth of 260O feet, which is equivalent to $500 feet on the incline in Calumet & Hecla. This is very i'm portant as demonstrating the persist, ency of this lode's copper values with depth.
 Comparatively little work has been done thus far on the Kearsarge lode in Calumet & Heela territory, and such results as have been obtained have been rather indifferent in character largely because of the fact that no great depth has been attained. The management, however, is almost as confident vita respect to the future possibilities Of the Kearsarge lode on it's lands as it is regarding the great value of the Osceola lode.
 The administration of General Man ager MacNaughton has been chaTac- teriZed by the introduction of very important economies, not only in the mining but in the milling of Calumet & HecIa rock. The company is today saving at tue mill 22 pounds of cop per per ton of rock which a few years ago lost in the tailings.
 The company also expects to save at least 3.0O0.000 pounds of copper per annum in it's new $400,00O re grinding plant. No present attempt will be made to regrind the millions of tons of sands which have already accumulated, a large portion of which runs tigh in copper, but experiments have been made demonstrating that there is present economy on a IF cent copper market in retreatilg the sands resulting from current milling operations and until recently carried out into the lake.
 Few people have any conception oi the enormous amount of timber which has gone into the Calumet & Hecls property Up to the present time | fully 100000, 900 feet have gone under ground, and although the company is not drawing upon it's standing timber at the present time, buying all it's sup plies at fair prices;@ 1t is an officia estimate that the company today own'
 between 40O.000,000 and 50O,0O0,00
 feet of standing timber, which some day will be extremely valuable A the present time the company is put ting underground 25,0O0,0 900 to 30,000,
 900 feet per annum.
 The famous $1,000,000 hoist at thC
 Red Jacket shaft, which a few month
 after it's installation gave the manage
 ment some uneasiness because of it failure to demonstrate any economy is today hoisting 10000 tons of rocl per month at a cost, per foot of deptl and Der ton of rock cheaper than cal
 be shown by any other hoist in tn world. In fact, the company is doint its hoisting at this point for one-thirt
 the coset of fiv or six years ago. The surface plant of the compan,
 today represents an expenditure of a | least S2O, ,000. 900, and it is safe to sa
 that it has been entirely Tenewe three times in the history of the Ca unet & Hecla property.
 The assertion has been made by SC
 called authorities that the Calumet Hecla is fast nearing the point of e1
 haustion. Such statements are absur , and are evidently made without tn
 slightest investigation as to the con , pany's possibilities on the Osceol |, and Kearsarge lodes, to say nothiI
 of the vast unexplored area on land . which have only recently come unde } Calumet & Hecla control and whic are well within Lake Superior's mil eralized copper belt.