The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1910-09-19
Minnear 4 Co.'s Gossip

Isle Royale conditions on the lode
have continued TO improve steadily
for several months as anticipated
from time TO time. The August pro-
duction of 365 tons of refined copper,
which was obtained from 5l5 tons of
mineral, is the best in the company s
history
Metal men say that the selling OF
Elect. copper on the basis of 12h
cents a pound was unimportant and
that the majority of selling agencies
are holding for the 12A cents basis.
Lake is said To be showing good
ore in all its drifts and the crosscut
at the lowest level is within % feet
of the lode. a new levci will soon be
established.
Arcadian Is another copper that
shows signs of strength any time
there is any encouragement at all.
Those in a position to know say that
the drill cores indicate big and
commercially enriched lode.
The news that II. & h. will be al
lowed TO mine from the other veins in
it's property seems without effect on
the stock The insiders are confident
that they will get the verdict when
their case comes TO trial i'm the Edith
May ownership.
Houghton Copper is pushing its
shaft aggressively. 1t has practic-
ally no over burden and is down in
bed rock about 10 feet. The equip
ment consists Of derrick. boiler and
steam hoist. The SHAFT is about so
feet i'm the foot wall of the lode and
prosecuting will not he done until
considerable depth is reached.
A stipulation was signed I'm district
court here I'm the suit of the Anacon-
ia company against the Butte Ballak-
lava company. by which both com
panies are permitted TO inspect and
sample the workings of each others
properties and by which the Anacon-
ia company is permitted to run
drift from the High ore mine through
TO the Old Joe claim 10 connect with
the 7OO-foot level OF the Butte Ballak-
Iva workings and TO drift on the 800
foot level of the Right Bower into
Rallaklava ground. The latter com
ha
the Edith May vein from the SOO-foot
level TO connect with the 500 OF the
Right Bower. The Ballaklava COM
pany is given the right To extend the
crosscut of the 500 and 600-foot lev
els through the Mountain Chief claim
of the Anaconda company. The ore
taken out is TO be stored till the own
ership is decided and the Anaconda
company is 10 pay tie cost Of the
work involved. The stipulation is
considered as a concession on the
part Of the Anaconda company, and
at this time It is significant
Continued reduction in prices
abroad has caused an unsettlement in
the domestic markets. There in no
Improvement in the demand and the
percentage Of sales on this side nj
1874 pound was larger than here
tofore. However, the large selling
agencies and producers continue to
quote the metal at IL 5-S to l2%.
sales at 12ls cents are confined
largely to smaller dealers.
Arizona Commercial is finding
much less trouble with water as the
shaft advances, showing that at last
the permanent water level has been
lowered to near where the company
is now operating.
The Indian drill which started to
show copper in No. . hole week
ago. continues 20 show copper.
The outcrop OF the Algomah lode
to the north continues to show ore
and native copper. The drill will be
moved 20 n new location northward,
hut trenching win likely continue.
The Utah Copper and Utah Con
solidated have effected II percent
in output for the month of
August and still further reduction
is expected I'm September.
Miami share holders took $4,000 OF
the go 600 offered by subscription.