The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1909-11-10

NAV be looked for in the tuture. Inc
earnings for the month of october. the
first of the new fiscal year, were
about $4,000 and there are several
reasons for believing that the COM
pany will do even better. The com
pany is i'm a position to increase the
output to something like 25,OOO'OOO
pounds copper per annum as against
the current production at the rate OF
/. 500 900 per month and besides the
increased production they will be able
to greatly reduce costs.
The Arizona Commercial is sink
ing a stump at the 700-foot level, hav-
ing the water under control, and ex-
poets to be drifting at that level by
the end of the month The showing
when the vein was cut on the 7OO-foot
level was very rich and the indica-
tions are that sulphide ore bodies VIII
be found within 200 or 800 feet OF
that level. The output is expected To
reach i,60o,o00 copper this month ana
to be steadily increased. The mine
should be i'm position to supply the
smelter with 400 tons of ore daily
within n short time.
II is rumored here that Ray Cons.
seeks control of Ray Central. The
price is said to be SO per share. rms
desire of the CONSOLIDATED is attri-
buted to the high grade ore In the
Central. The Calumet workings are
now showing per cent ore. The Kay
Consolidated is also examining acres
of porphyry copper of over 3 per cent
ore adjoining the Saddle Mountain
mine in the Christmas camp.
We understand that overtures were
recently made by the CRANKY Con-
solidated Co. for acquisition or the
British Columbia Copper company on
the basis of an exchange of shares put
that the views OF both interests ana
not meet and no trade was made. NOW
that the British Columbia controls the
New Dominion Copper Co. acquisi-
ton of the former by CRANKY wouiu
give that company practical contro'
of the copper mining industry In the
boundary district. 1t is believed thai
these companies will eventually gel
together. At present the Britisr
; Columbia is producing its copper az
: n lower cost than the CRANKY, though
CRANKY is now treating 1000 tons OF
ore daily at near cents per pouhu'
: Oneco's three drill holes have en-
| counterel an Amygdaloid lode at
r depth of IS feet. showing considerable
: conner The identity of the lode is MOI
r nositively known but II is ve~v prop
. able II is the old Oneco lode openeo
Y three wears ago on this property pS
? shaft long since abandoned VIVA
I little has been obtained from the iod'
$ which has only just been entered by
: The drill is very encouraging. NO.
hole to northeastward. which is SINKING
in the presumed horizon of the New
BALTIC lode. has reached depth OF so'
feet without revealing anything of i'm
} portance No. hole is 100 feet to th'
westward of this hole and was pu
C down to complete geological cross sec
f ton begun in holes No. 1 and No. 2.
= Rutte.-Offcial returns OF the outpu
= of East Butte in October show 635,So
G his. as the production of copper. No
: vember will make a somewhat bette
4 showing although the mines and smei
d ter being worked at half capacity tn
[ policy are being to leave as much ore II
= the ground as possible until meta
conditions improve. When the situa
r ton warrants the company will begi'
v production at rate of Is million lbs
r Iper annum III. v. winchell and Pres
S lident Gross have completed an examin
: Iation of the mine and express them
selves as well satisfied with the show
II ling. Work was started yesterday Z
e connect the s00-foot level crosscut di
4 lrectly with the shaft, thus maxim
mining on the ore body at the west en-
: lof the property more efficient Tw
= crosscuts are also being run north @
:, 1.-THE sOO-foot level to get into the or
= bodies on the several veins opened o
!, the 1900 foot level. Mr.. Winchell. VIII
n is consulting geologist of the compan,
!, has expressed amazement at the un
Underground conditions and the develop
ment Of the ore body.