The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1909-12-13


actual development work, it Is readily thar
the returns ultimately higher. During
the month the mill operated only with from 1--WE to
ten stamps and twenty stamps available
work. In addition the rock through the min
last month contained It determin-
Cd to make selection such viii possible when
stopping begun
Operating the capacity Of the present min FL
Dorado ship o the mill daily, which
win IS per and should then show
profit $1,000 monthly. The development
costs average $1,000 per month. About hfty men
are being employed regularly General Manager Ef-
finger is confident able show she
above results within the months.
SUPERIOR AND PITTs5URc-
1t IS expected that sinking Briggs shaft win
be resumed shortly after coming year
The Briggs shaft Superior and Pttsburg is
bottomed at the 12OO-foot though the deepest
laterals are at the LOO foot level At this depth
no ore was encountered though considerable eached
indicating the likelihood OF substantial
ore being opened with greater depth.
Work at the Briggs shaft discontinued around
two years ago OF the excessive plan
was then Evolved whereby the big pumps
transferred the Junction entire country
tributary o the Briggs could be drained through the
Is believed that this has worked out
cessfuly. Junction below the 1900 -foos
has the making it possible
for sinking to be resumed Briggs without Ike
likelihood being flooded that point 1t
always opinion Of those who were connected with
the Superior Pittsburg inception that
the Briggs shaft commanded richest
rtory Bisbee camp. proves VITA
later development p has valuable in
Briggs.
Superior Pttsburg has passed critical point
career and on future promises
to be Of profit for the patient shareholders. Ii
was an expensive proposition to work in the years
past but with water problem satisfactorily handl-
ed substantial reserves blocked out company
is able show earnings approximately $4,000
monthly thirteen-cent copper. AS producing
little 100000 pounds copper per month
advance in price the metal to fifteen cents
would add the earnings making them equivalent to
about $3.50 per share per Large blocks Of 5.
and p. have been withdrawn from the market by hold
who have confidence in the the proper.
ty The floating supply $40 is comparatively
light
NORTH BUTTE
There was another raid made on North Butte this
week as far getting price stock
down Is concerned it has been There may
be another o tell, however. when it comes 20
covering sales AS far as physical conditions
the property are concerned we are reliably inform
the contrary information North Butte of
favorable character.
The company opening up good ore bodies De-
velopments 1000 2o0O- foot levels are pro-
crossing satisfactory While it North Butte
has always been hampered by the fact it
shaft yet its friendly working arrangements with its
ueighbors precudes possibility Of any trouble from
this addition second shaft is being suns,
which next year viii 1t possible t, hoist ore
through it,
N'rth Butte has been made a football of perlodl-
ealy during the past six months. been kicked
around that the conservative investing public will
touch present disbursements quarterly
make 1t attractive, penchant for wide
fluctuations
At the present time there is little actual North
stock available. The stock is hard to borrow
indicating very large interest In fact premiums
have obtained certificates OF this stock The
raid this week, for such it is generally believed 20
be- has been successful FAR it has been carried
we believe that az excellent opportunity
20 pick up stock at attractive prices
While it may that the price may recede further
yet the rebound win be rapid. Purchases OF the
should a scale down. and good
profits promise to accrue within a very few weeks
North Butte Is far from being worked propo-
aition and has years ahead it. during which dvi.
dends viii be and paid
LIVE OAK
Readers Of both our daily and weekly letters vii
undoubtedly recall repeated reference to Live
oak. the that have constantly called at
tentlon the possibilities forth both
from speculative well investment standpoint
The advance the stock has enjoyed during past
few weeks Is largely due belated appreciation
u the public the have frequently called
attention TO- coupled with the constantly broadening