The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1910-07-26

mona assessment Will be the last. The
Property has a seven year ore sup
ply and with modern mill IL ought
TO make money as soon as copper con-
ditions warrant it's operation.
The winze i'm North Butte from the
22OO foot level shows ore for so feet
running from TO ~ per cent copper
The diamond drill Is still operating.
At the present time the metal sit
uation receives attention. II there
has been no marked let-up i'm general
business, a reduction in the surplus
is expected next month.
Chino has 100000 tons of ore
demonstrated and the average based
on the behring's is $50 per cent copper.
A great many of the leading min
ing men who have not been very OPP
tmstic for the past half year now
believe that copper curtailment has
been made effective.
Utah Copper Company produced In
the months ending June 30th. last
100000 pounds of copper, COM
pared with 10000 600 pounds for the
same period 1909, an increase of H.
OOO,O 900 pounds OF 20 per cent.
The production OF Nevada Consol-
dated, for months period just ended
was 81, 10000 pounds or about double
the amount produced a year ago.
Sales of copper last week were
heavy. Most of the business was
done on basis of 70 IL for electricity
tic although several blocks of the met
al for delivery for thirty days were |
sold on basis of IL SIS. AS a result |
of heavy sales of metal. il is expect
ed that the showing of copper pro-
ducer's association this month will
be more favorable than anticipated.
Consumers have been induced to
enter. the market as n result of the
action of the producers in curtailing
output.
Utah copper produced approximately
100000 pounds of copper as COM
pared with $4,000 in the preceding
month
In June, Nevada Cons, turned out
about 100000 pounds VS.. 100000 in
May.
The ore body encountered so far
n the Great Eastern shaft of the
Superior & Boston averages s per
tent copper and runs high i'm iron.
Winona has S,S32.5OO tons of ore
n sight of which 60 per cent is OF
Milling grade.
Arizona & Michigan has resumed
work at the Blackbird shaft. The de-
'elopment on shaft No 1. Franklin is
eaching rich rock.
Utah Consolidated is beginning to
shelter via its tramway, A new ore
body averaging per cent copper is
being developed.
Good opinion here is to the effect
hat Hancock will be able To oper-
,te at a profit the first day it be-
gins To mill rock.
When the SO per share payable on
August list. is in. Live Oak will have
had the total callable. The prop
erty is only selling for S1.OOO,OOO, at
Aii''Ah N1iuN VI twenty uoiidIS per
share. The No assessment meansI
about 100000 more. There is at
PRESENT blocked out on property T.
10000 tons of ore on which a profit
rom 81 To $3.50 is figured.
a large force is being employed by
he Summit Mining company the new
lotation of w. A. Eaton, president
" the Cactus. Forty-nve men are
low working there. The vertical
hree compartment shaft has been
unk within S5 feet of the 400 level.
'lans for concentrator are already
icing prepared.
Churn drilling is i'm progress at the
'actus. This is practically all the
york that is now being done: two
Ioles being sunk at the Pinto Creek
bout 600 miles southeast of the Ham
lton shaft, one of them having en-
ore. one is at depth of
O6 feet and after attaining a depth
Il $50 feet. drilling was discontin-
led. The second hole is a non min
rallied schist.