The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1910-04-13
Mining News

Boston-President Dow of North
Lake has received the following from
Houghton:
North Lake No. Z drill passed
through SO feet of good looking amy
gdaloid. Good copper for four feet.
General appearance best yet shown on
North Lake"
A larce copper producer says: "The
March statement of the Copper Pro-
ducers' association was a great disap-
pointment to us all. We had hoped
that at the worst only a small Am
ertcan Increase would be shown, but
we were compelled to look the situa-
ton straight i'm the face and admit
that the outlook for higher prices is
not a very hopeful one. We are in
that the consumption in France Is
quite below normal and our German
advices say business is only fair in
that quarter II would seem therefore
that the only way in which to attract
buying is reduce the price and | think
that this will be done by practically
all of the large producing interests if
they are to sell their goods. Wire
manufacturers reduce their base price
for copper wire II cent a pound to
1874 cents. | understand that Calu-
met and Hecla has reduced it's price to
10 cents"
! The Hoatson shaft of the Superior
and Pittsburg is shipping about 1926
tons of seven per cent ore daily. The
main ore body on the 1900 foot levc!
| has been opened 700 feet and is 100
feet wide on the 1900 level ii is al
so 700 feet long but is 100 feet wide.
About Is feet above the 1,4OO-foot lev
81 the ore body is 175 feet long and
80 feet wide as far as shown at pres
ent. The functions 1900 foot level
is showing up better every day. The
ore body on the south of the shaft is
increasing in every round of ship
ment.
Butte-The talk of mergers, big and
small has been employed to the limit
for market purposes, the New York
curb even giving circulation to a ru-
NOR that Anaconda is negotiating for
an exchange of its stock for United
Copper. A more likely story Is the one
about merger taking over the Clark
properties i'm Butte which is along the
line Of negotiations that have been
on at various times between Anal
and Clark for years. There exists
some serious vein controversies be-
tween Anal and Clark and purchase
of the latter's mines is the simplest
way out of the difficulties. Clark has
been convinced that he has been min
ing Anal. ore and has closed the
! Stewart mine. Regardless of what
there may be to the talk about gem
eral copper merger the purpose of uni
flying Butte mining interests had no
relation to the general merger propo-
sitions The Butte merger became a
matter of supreme necessity for two
reasons. The chief reason was the
salvation of the Butte district A re-
duction had to be brought about I'm
'IutF lHtt inc butte llllntS IllSnl COIL
tinue in competition with the immense
low grade porphyry copper deposits
and 1t could only be accomplished
by bringing mining operations under
ore head and cut out all superhuous
expense. The other reason lay i'm the
perpetual controversies over veins and
ore bodies. There Is not an indepen-
dent operating i'm Butte with which
the Anal does not have an existing
dispute over vein ownerships due to
fact that under the abomnable Apex
law it is absolutely impossible to de-
termine the ownerships of the ore
bodies in the Butte district
The Shattuck Arizona is shipping
100 tons ore daily to the smelter--the
management states that its copper
costs cents a pound. At this rate
the company is earning about $3.50
n share. Developments at the mine
are showing more copper every day.