The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1910-06-29
.....4723.639

Total ........4. 1873, $50 6,169, 29O
The above is significant and means
that Osceola during the four months.
produced 7043 pounds of refined cop
per on each share of it's issued capt.
tai. 9615O shares, while the Tama-
rack during the same time produced
1888 pounds of refined copper per
share, on it's $4,000 shares, and the
Osceloa made that copper at a good
round profit. and Tamarack nearly 20
pounds per share was made at a sub
stantial profit. This articleis prompt
ed largely by the market prices of the
shares i'm these two companies, the
Tamarack selling around $50 per share
and Osceola $3.50, or 21k times as
much; and not because we believe
Osceola too high, but that Tamarack
is too low. The shares i'm both these
companies are closely held. so that
when the time comes; when the up
swing gets underway, there will be
something doing in the price of the
shares i'm Osceola and Tamarack. and
i'm the advance Tamarack is likely to
be found leading as under present
market conditions. the real or pros
pective value Of the property is not
appreciated. II must be remembered
that Tamarack is recovering nearly %
pounds OF copper per ton of rock
stamped, as against "A recovery of less
than 20 pounds i'm 1909. The output
for the four months or one-third of
the year, would Indicate yearly pro-
duct Of better than 100000 lbs, but
II will likely be nearer 1850, 500
pounds-and this selling at 10 cents
will give Tamarack earnings of from
50 to 81 per share. as the cost will be
somewhere between IL and 11iA cents
the pound. At Ia cents for copper
the earnings would be increased $t25,-
600 or over s. per share. and with Is
cents for the metal, and the Tama-
rack on the above output would show
earnings Of 81 per share or upwards.
This is a condition and not a theory
at the Tamarack, and condition that
will count when the time comes.
Remodeling Of Oseeola Mill.
The Osceola mill is to be remodelled
recently completed i'm the Alloucz-
Centennial mill from which most ex-
cellent results are being obtained.
Below is a brief summary of the
milling practice. i'm connection with
heads four and five in the Allouez-
Centennial mill:
The mine rock. about 600 tons daily
for each head, goes from the bins to
the feed pan, where the barrel work is |
picked out. the stamp rock going to
the mortar, with ive-eghth inch OPP
enings from which the mortar dis
charge copper is taken off, while the
mortar pulp goes 20 four trommels
with ZIG inch openings. which give
an oversize and undersize product.
The oversize goes 20 the oversize
Woodbury. jigs, giving copper con-
centrates and tailings; the tailings
pass into elevator and return to NOR
tar The undersize from the from
mels goes to four lines of Woodbury.
jgs with four screens each; the first
screen shines pass to two settling
tanks. each 12x2O feet. The overflow
from these is waste. while the dis
charge goes to twelve Wilneys, and the
middlings from the twelve Wilneys go
20 two others.
The other three screens make con-
centrates. middlings and "A fine failing. I
The middlings go to chillian mill ,
product 10 three willeys. The Wood !
bury iigs also make hutch product, I
which goes to four single compart- {
ment Hodge jigs, and from these to {
four Wilneys: and the middlirgs Of
these four wilneys, along with the
middlings q the three wilneys that "
treat the chillian mill product, go To a G
WILEY, and the middlings Of this Will d
fey go back 10 the chillian mill. q
or course there n n concentrate Z
product AZ the end OF each process, y