The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1910-09-27
Minnear & Co.'s Gossip

|
our Bisbee correspondent advises
as that Calumet a Arizona and SUI
perior & Pittsburg have both begun
curtailing production. {. & A. output
Is now on basis of 1000 tons of
blister copper per month. while Su-
perior n Pittsburg is higher, being at
the rate Of 110O tons. 1t is estimated
that with the curtailed production
! Calumet q Arizona on Il - cent cop
! per VIII be able To meet its dividend
requirements. while Superior 4 Pitts
/ burg viii be able To do slightly better
/ than earn new dollar for an old one
| spent. The meeting of the directors
/ of the two companies held i'm Calumet
/ last week was without special signl-
! ticance. except that details of the
proposed merger were discussed. The
two companies viii be examined by
three mining experts. who will pre-
| pare separate reports of ore tonnage,
future prospects, etc. Upon these re-
ports the proposition for consolidating
will be based and submitted To- share
holders of the two companies Until
these reports are prepared IL is idle
10 guess just what will be the basis
for the merger. Dir. Ricketts, general
manager OF Greene Cananea. will be
one of the experts To examine and
report on the two properties. Or.
Walter Douglas. OF the Copper Queen.
Is another name mentioned as one of
the experts to inspect the c. a. A. and
:. a T.. 1t is understood that the
directors of the two companies were
DESTROYS Of getting j. Park Claiming
10 act as the third expert, but he was
unable 10 do so. The action of SUI
perior & Pittsburg marketwise, has
been quito a feature. The issue con-
tinues strong i'm all kinds of markets.
predicating a good report. II is well
known fact that Superior & Plttsburg
Is looking better today than ever be-
fore in its history, having more ore
reserves larger production ana
more promising prospects. Because
Of these existing conditions it il be-
lteved $. q Z. will fare very fell I'm
the forthcoming merger.
Miami Copper is expected 10 enter
the ranks of shippers on January LIST.
The underground work is practically
completed. Shipments al the rate of
LOCO to L50O tons a day win be made
at the beginning
The exploratory operations of Al
gomah continue 60 attract no little at
tention. The company has copper i'm
all its trenches and cross-cuts. Dia-
mond drilling is still I'm force TO deter
mine the naturalization at depth.
The Davis Daily will proceed 90
complete it's spur from the Colora-
do mine to the Northern Pacific rail
way at once. The basis concentration
VIII be put in shape to handle the ore
at once
The advance on Lake i'm the trading
Saturday was denied 10 be due to any
developments at the property. The
engineers report which has been I'm
process of preparation is said to be
favorable. but on the other hand
news That the lode had been cut out.
Is denied. II is said that the vein is
hattening at the 9TH level and the
crosscut has passed the place whore IL
should have encountered the lode.
Advices from CRANKY state that the
new work will fully replace the eauIp-
ment lost by fire and will be more
permanent I'm character.
tn" National Mining has applied
Tor reccivcrship and II now looks
as II they would make a determined
effort 10 raise the money necessary
I" iinanc" the property.