The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1910-07-30
CURRENT GOSSIP OF THE CoPPERs

own Is interest in the Jessie Fraction in all the
mined therefrom."
There have been mined and shipped 2Os,9O4 tons of
follows:
First class 2O2S4 TONS second class, 1SS,521 tons.
Preciptates "A tons; leasers ore 25 Total $685.
eo4 tons.
The work of cutting sinking station and sinking the
Spectator shaft has nterferred with the extraction of
and the tonnage mined has been considerably less
than it could have been had this work been done
This work and large amount of other development
work carried including work the Granite Noun
tain shaft has also largely expense dur
ing this period.
ore in sight in the various levels and Slopes
follows:
Edith May 6i9,72O tons; Jessie vein 2Ss71o tons;
Spectator vein AGO. Adirondack ven 5000; south Gem
1850; Croesus 1860 tons Total 9O454O of
grade of Az copper and three ounces sill
per ton.
The increased value I'm silver the value shown
on January l. 1910, is due the increased tonnage
shown by the Jessie vein and the Gem and Croesus
veins to the north of the Jessie.
The development work which 1t is planned to do dur
ing the next three months will include sinking our
Spectator shaft and cutting on the 24OO level
sinking the Edith May Wine the $500 and drifting on
that level the Edith May; prosecuting the Croesus
claim the 1900, 1000 goo levels and drifting on
the veins found by these crosscus developing the west
end of the Jessie vein 1900 1000 and 22OO drift
ing on the South vein on the 1000 and 22OO drift
ing east Edith May and the 22OO level and r.
possible without hinderng production of ore cross
cutting to the Adirondack vein 1000 and 22OO levels
The work on the Granite Mountain shaft will be con-
tnued and necessary be done In connection
with the Touumne controversy.
MIAMI
Our Globe correspondent wired us yesterday that Mia
mi had laid off $50 employed in underground work
Practically all underground work has been discontinued
The reason for this action given by the management
for curailmen Of operations that the mine Is al
ready in condition for beginning production On all
levels and sub-leves above the foot everything is in
readiness for extraction.
The action of the Miami management came "a some
thing of surprise and offers several constructions
IL may mean exactly what the management has stated
Ut IL might be construed as the desire OF company
" CONSERVE is resources until the metal market shows
'e"oe"eV TO Improve and the time draws for
'' entrance II VIII make into the ranks of the pro-
ducers. Work on the Miami concentration is being
pushed in vigorous manner
LIVE OAK
lhree churn drills are operating at the Live Oak
property from 300 to 500 feet the shaft The
Pee' vi uiese holes is 275 feet but yet have
encountered ore although It is expected that they will
reach the mineralzed zone within the next few day
ELM RIVER
President Fay, of the Elm River this week has n.
sued circular calling attention to the fact that the
time Tor the exchange OF Elm River stock for that of
'ne contract Copper company viii expire Sept H. In
oroer TO he permitted to make the exchange Elm River
shareholders must subscribe fifty per cent OF their
holdings for Contact the rate of 81 per share
President Fay adds that Is as a majority OF Elm
river stock Is so exchanged 1t likely that trading in
TINS Issue on the Boston exchange will be discontinued
However Elm River stock will probably always be traded
IN on the curb until all Of its stock Is retired