The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1910-08-13
MONTANA CLINTON

been making regular shipments of a carload week to
the East Helene smelter is now Installing steam |
hoist preparatory sinking to the 500 foot level Ten
employed and the force will be increased
fifteen shortly. The shaft is 125 feet deep
and the vein had distance OF 100 feet
at that depth The vein is eight feet wide with two
and half foot pay carrying lead silver gold
averaging s45 ton Sinking drifting and stopping will
be carried simultaneously The local office of the
Company I4aurium, Mich, IL I'm receipt a draft
for s452, being the smeltcr returns twenty-five
tons. A portion this shipment netted 500 and |
the remainder netted SIS The local office states
that the steam hoist is in position and will be ready to
go into commission in about ten days, when work will
be resumed and pushed with all possible vigor
MIAMI
As intmaed in weeks letter, the Miami has
under consideration additional stock. j.
II. Sussman. director of the company. is quoted
saying that this capital expenditures of
the Company in acquiring additional properties Ell,
larging the concentrating plant The stock viii be
issued the present stockholders at a price under
the present market. Right being traded at elgh,
teen to twenty five Rumors have current
that the Miami planned issue of stock to enable II
to take the New Keystone property adjoining it
and under the management An official says no
such action is contemplated present although it is
possible that consolidation may be effected
in the future The Miami is controlled by the Lewsons
and the market for the stock has been strong lately
In the event of additional being placed the
market, Miami shares will undoubtedly be made strong
and active with the purpose making new capital
issue look attractive to the present stockholders.
NEVADA CONSOLIDATED
Telegraphc instructions have been the local
management of this to reduce the output OF
The steptoe plant fifteen This result in
l,l,y
fine as compared with the average 100000
pounds monthly. The officials company aver that
earnings on the curtailed production will be ample to
maintain the present annual dividend rate of $3.50
share
HoUeHToN-.
Shaft sinking at this property will be started very
shortly. Equipment necessary for the work arrived
at the property and officials visited the site pro-
posed shaft this week While the Houghton Copper
Company's property is small there is every reasonable
assurance that 1t will a big little mine the SUI
perior and Baltic which adjon 1t on either side wing
practically proven its territory There has been very
little trading I'm Houghton shares lately the market
having been nominal at 81, but with advent of ac
tive mining work the property we would not be as
tonished to see buying started and the
stock sell considerably higher The stock is held by
comparatively few people and could be advanced very
easily Very large blocks OF the out OF the
market entirely, being in the hands of investors who
are content to await returns from the mine.
CALUMET G. HEcLA
Tho estimated production OF the Calumet & Hecla
Mining Company and its subsidiary corporations for
July 1O5O771s pounds of refined copper compared
with 1O742.25O pounds in June President Quincy A.
Shaw of the Calumet & Hecla, who has been at the
mine the past week, has returned to Boston He wa.
accompanied by General Manager James MacNaughton
III Jacke shaft ybe a
ago the heavy inflow of water proved embarrassing,
are no longer handicapped that score
SUPERIOR
The July output of this property practically $780,
ooo pounds of refined copper Superior has been
running exceedingly high refined copper contents of
late 1t Is known that Calumet ecIa interests are
highly impressed with the showing the property The
Superior presents many intricate interesting prob
lens in mining but the management is excellent
and amply able to with the situation Once the
Company is satisfied to the use and
mining begins on large scale production will large
iy increased and the Superior will profits its
shareholders very rapidly
CLIFF
Active exploratory this old Kewcenaw county
property was started this test pit is being
opened on the outcrop of the Kearsage Amygdaod
and shaft sinking will as soon as preparations
shall have completed
Inc yin property formerly owned by Tam
crack Mining Company but segregated under Cal
ufnet x Iiecla auspices and Is separate corpora
uon although the control the Calumet &
Hecla The property has been extensively explored by
means o. diamond drills which revealed a number of
promising cupriferous formations IT, w. Ridley su.
rerintenden of the Aouez. Centennial and oiratio vii,
have charge Of the clin operations
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