The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1910-01-08

opportunity presented to public participate witt
the Calumet and in a hotation.
| Tamarack this week started shipping It's oongom.
crate rock TO the Calumet Heca mill where mucl
better results In milling viii be obtained This coupled
with the fact company viii have indebted
| ness will make it possible for resumption OF dvi-
| bends during the present year
| This week Tamarack laid off about 25 at No.
shaft The company decided to increase it's produc-
ton from the Calumet conglomerate lode and curtai
operations the osceoa veln Az rock pc,
man can be gotten the conglmerate vein than
on amygdaloid the saving result of this move
is readily apparent. aksds 4 n "a
NORTH BUTTE
This issue continues be the cynosure in the cop
per share list Scarcely day passes but some new
report put circulation the erratic
action Of the stock. The latest has It that
the company will either cut pass its next quarterly
dividend The meeting dividend action will not b.
held for several weeks but because of the action OF
the stock during the past three months 1t is hardly
plausible that such rumor alone could be responsible
the weakness developed.
From private that while North
Butte is working eaner developed in tn,
upper levels occasional seams of high grade copper
glance cut This confirms the theory in a mea-
that when greater depth attained in the Specu
lator shaft the secondary enrichment will be
reached. The Granite Mountain shaft will be ready
TO ship during the coming summer.
During the month of December North Butte's pro-
ducton fell off about twenty per cent This was due
entirely the curtallment in the entire Butte camp
January figures may be lighter, but as the pro-
duction is lowered the price copper advances 50
that the company in the long but little Even
if the dividend is cut fifty cents per share, North
C be n
that it has been subjected to such manipulation
but this possible only the wide dstri-
button of the stock and the case with which weak
accounts could be dslodged.
Yesterday received information from very ex-
cellent that North opened ore body
at the 1900 level which averaged between 7lk and
per cent. copper The ore body apparently is wedge
shaped and increases in size with depth This di-
rectly opposite the reports about conditions
at this level but from the source of our information
we are constrained to pin faith to it, 1t has been
the history of the mines the Butte camp to reach
depth where the ground was lean only to sink deeper
into rich copper. This apparently is being proven
again by developments at North Butte
NEW BALTIC LODE
Additional New Baltic stock win be issued to the nm
derwriters of the last block at IS per share TIL.
company is thus amply financed the ensuing year
shot copper dissemination throughout the vein mat
ter Diamond drilling will be continued until the New
Baltic lode is cut The find was at a very
shallow depth The strength in New Baltic is largo
ly responsible for the advance in Arcadan which ma,
a stock interest in New Baltic
SUPERIOR AND BOSTON,
superior and Boston expects the crosscut from
the 6oo-foot level of the shaft connected nm
win the Great Eastern mine within the next two
weeks TO rush the work the company is extending
~ 'u' fo'" 'he Great Eastern well tho
McGaw shafts. There was some water enco,n,erd
in the Mcoaw workings about two months ago I'm,
TINS was easily handled by the $50 gallon nun,n ia
use. when the stump sunk at the bottom of the
smart the lime basin quickly drained and the
mcdaw Is now very dry not enough water being oh,
tanned from 1t for boiler use
The ella Valley railroad this month started a force
vi lou men on the railroad extension to the McGaw
workings This line together with the one which runs
TO the Arizona Commercial smeer gives Superior and
Boston facilities for handling its ores at the Com
"erciai sneiter or at any custom plant it desires
work at the Superior and Boston propertv 10 now
at point whore little important news is deve,one1
The company is building large ore bins at the Nc
Cav. 1t is doing a class OF work which is or,,o Noe
eSSary on the eve of entering the producers ranks
shareholders will be required to show only LITTLE mora
p",ehce before Superior Boston will be num-
pered among the ranks of the profitable copper pro
ducers of Arizona.
CACTUS
shts 10 subscribe to the issue OF So 900 shares
OF cactus at IS share will expire Ian ., A..
-" "o~ DE ascertained the company will find
-. '''''''s generally ready to take up aot-
"e"' Oh new stock The stock has been underwrit,en
= ne sale OF new stock will provide the con,nan,, .,
approximately 100000 after underwriting commissions
anu other expenses paid. Late news from Tho MIN
aS oeen favorable the company having already blocked