The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1910-09-14
Minnear & Co.'s Gossip

Speculation I'm Isle Royale centers
around the striking of the Baltic lode.
IL has helped Houghton Copper some
out there seems no active news TO ac-
count for the strength in either.
Cranky is now operating at fun ca
pacity, having gotten its equipment In
place to make good that destroyed In
the recent lire. The forthcoming report
60 stockholders is said to take more
optimistic view of conditions at the
property than that recently issued.
Hancock Is in a position To advance
with any betterment in the mar
ket.
The Arizona Copper company showed
ten per cent decrease i'm August over
July. shannon made about as much
copper as in the previous month, but
It was already running at a reduced
rate. 1t costs were around IL cents.
Nevada Consolidated produced $780,
600 pounds less in August than in July
which is a surprise as the company had
been expected TO do rather better than
in the previous month. 1t is pointed
out that n good many companies are
running on ore already in the bin and
! that IL was necessary TO take some
time to get things cleaned up. t...
The injunction order in the suit of
the Anaconda company against b. IL
II. is moderated to permit the latter To
nine veins not involved i'm the dispute.
Since the restraining order was issued
few weeks ago Anaconda has made
underground connections with y. & Ii.
and the latter has asked the court to
restrain Anaconda also and prevent
ii from taking out any more during the
tendency of the suit.
The American Copper Reilneries
have increased their capacity i'm the
mast two years from $4,000. 900 pounds
monthly to 1O5, OOO 900 pounds and will
increase about 2O.OOO,OO more when
improvements now pending are com
plete.
North Butte was the most active
stock on the list during the month of
August, 49,444 shares being traded.
We hear that insiders in s. & =.
have of late been decidedly optimistic
regarding this property and its pros
poets. According to these sources the
recent developments have been decid-
eddy favorable and II consolidation
with Calumet e. Arizona is to be ell
ected il win be on the basis of five
shares of S. e. p. 10 one share of the
former We understand the subject OF
consolidation came up for discussion
at the recent directors meeting of s.
AZ r. and that while nothing definite
has been accomplished yet progress is
being made I'm the matter of bringing
these two properties together on terms
satisfactory TO the share holders.
The suit against Davis DAILY seeking
10 prevent the building Of an electric
ore carrying road has been dismissed.
No. diamond drill at Indiana has
cut the big lode opened in No. 2 shaft
and has "A showing equalling the first
strike I'm richness. There is nothing at
No. hole, but results arc expected
early in the week
a metal broker in whom considerable
confidence Is placed says that produc-
ton and consumption are now equal
ana that curtailment will show effect
lively for the next sixty days. During
this time odd lots of copper that have
been sold will either be used up or
put in process.
Anouez even under the poor metal
conditions has been steadily making
progress. A good portion Of its debt
to the parent company has been paid
off and the balance Is being gradually
absorbed. Developments I'm both OF the
shafts recently have been very salts
factory.
osceola is making some extremely
low production costs these days. al
though not operating TO anything like
its full capacity.
The oneco management Is talking of