The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1909-11-08
PAINE. WEBER g. co.'s GOSSIP

Mr.. Hamilton, superintendent of the
Cactus, wires that they have sulphides
on the 400 foot level and the five drifts
and crosscuts on the 300-foot level are
all in the finest sulphides he has ever
seen.
The No. drill hole on the Oneco, at
a depth of sixty feet, passed through
over 80 feet OF trap and amygdaloid.
The eight feet from Al to 40 foot depth
of the drill core showed amygdaloids
highly mineralized and epidotal in
character. From ga to so feet the drill
was in reddish amgadloids. The show
ing is considered very encouraging.
We understand that q Boston brok-
erage house heavily interested in
Lake Copper company recently offer
ed the company $50 per share for $4,000
shares of treasury stock and was re-
fused.
Outputs for October: Ahmeek, 994,-
S4S pounds; Osceola, 2.247,740; lamar
ack. 1.O13,035; Isle Royale. 604,773;
Calumet and Hecla, 6670S99 pounds;
Allouez, 314,23O; Centennial, 199,096;
Superior, 211,351.
The Old Dominion output of copper
during October was 100000 lbs, the
smallest for several years. OF this
output about 100000 represented cop
per from the Arizona Commercial Cop
per company that company having
shipped its matte to the Old Dominion
company for conversion into blister
"copper". This reduced output of the
Old Dominion company probably re-
fleets somewhat the recent change in
management since which time the
company has cut off the treatment OF
considerable custom ore which its
smelter has been treating in the past
without adequate profit
The Superior Copper company VIII
soon be sending coo tons of rock tc
the mill daily. This is double the cur
rent shipments. A return of from q
to 80 pounds of copper per ton is ex-
pected.
Judge ]. II. Reed, vice president OF
the East Butte Copper Mining com
pany says everything is looking goot
at East Butte. Friday a new higl
record was made at the smelter anC
the ore that is being hoisted at presen
time runs to higher average thar
at any time in the history of the pro-
perty. President Gross, of the Eas
Butte, is very enthusiastic over tho
showing. While an annual output OF
something like 100000 pounds would
have been very satisfactory, it /.
understood now that the yearly out
put will run in excess of the figures
above stated.
Butte.-Producing at rate of more
than 100000 pounds of copper annu-
ally az a cost not exceeding 10 cent!
per pound laid down in New York, the
East Butte Copper Mining company
is now one of the leading copper pro-
ducing companies of the Butte district
The company is also in position to dou'
BILE its output at any time that tho
metal situation shall warrant and ar
increase in production would reduce
the cost to about cents a pound as
the fixed charges for surface work ex-
penses are about the same with the
present volume of production that i
will be at double the production. The
ore now being mined averages about
5h per cent copper the first class rum
ming from SIS to 6.S per cent and the
End class from 20 to 80 per cent
The ore carries about 1000 ounces sill
yer to a car of 40 tons of copper and
from 100 to 200 ounces of gold. Dur
ing the past week the ore has shown
a marked Improvement and from the
lower levels it is apparent that with
depth ore will generally become richer
in value. During the month of Octo-
Der the East Butte company shipped
carloads of blister copper to the east
ern refineres which will bring gross
return of at least $4,000. The com
pany's net earnings are now between
500, 900 and $4,000 a month.