The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1911-12-19
CALUMET & ARIZONA


understood that the directors taking up the
question of building smelter for Calumet Arizona
would be all surprising the construction of this
plant capitalization OF the plant by the
OF treasury stock The plant it is understood,
represent total outlay of close 100000 and win
require least year TO complete.
FRANKLIN
Franklin visited by President this week. and
quite the developments the mine
since The equipment is rapidly
being Installed it hoped be able pro-
shortly the the When asked by
Franklin would further financing, President
Dow stated he thought and hoped another assessment
would required. The company has expended very
large amount money the mine and probably more
than $4,000 in remodelng its stampml When produc-
Is resumed, Franklin will be able to make much
than before and lower cost Not in
has the future of the property seemed promising
1t does
MASS MINING
Attention being because OF the great
possibilities this company has through the conduct of
atons the Evergreen lode
During the month of November, Mass produced 10000
pounds copper extraction OF 2O5 pounds
refined copper per of stamped. While it Is
this satisfactory showing brought about
By considerable underground which
nevertheless remains be said that de-
veopments the mine much satisfactory
late.
Operations centered at shafts and B. The
lode will be developed through the crosscut
shaft c. shaft the vein will receive
considerable attention will recalled that when oper
this shaft discontinued years ago be-
cause the controversy Evergreen Mining com
psny obtaining 20 pounds of refined copper
per stamped from this lode
Superintendent Walker making great progress
with Mass since he took hold Of the and early in
1912 will have the mine in shape TO considerably increase
the output with comparatively little expense
According the report the year closing De-
81, lsOthe company a surplus amounting tol
SlSOO69. An OF $500 share called June
18th this year. that the amply financed de
spite the fact that expended considerable in the
acquisition practically all the Evergreen
Mining company.
year 1870 the refined copper per Of rock
stamped 1859 pounds For the year 1911 it is safe
that the will be close 10 is pounds
Mass has sold copper high 1914 this the
average price obtained for its product 1910 12
cents This 1t will probably the al
tribe higher The company has outstanding 97.42 shares
Mass has by means discounted its chances for find
ing of the Lake system OF veins, and this
possibility adds materially speculative Giving
this consideration whatever the is ntrin
Foay worth than its present selling price and with
improved conditions prospects for are
very bright.
The very widely scattered many holders having
been interested the company its organization and
while they strong would take
much their holdings We regard
Mass very promising proposition believe
win sell very close SIS copper reaches and holds al
fifteen basis
NORTH BUTTE
North Butte directors scheduled Monday in
Duluth take action the quarterly dividend. mol
change In the is the declaration
Of thirty considered certainty by those
best informed
The mysterious Of North Butte however has not
been explained and until something tangible given
for It's action during past month
not regard the issue very enthusiastically There no
doubt but that if promising encountered
the $500 level, North will a position to
rapidly and could easily double present selling
price.
Secretary Kennedy commenting on recent developments
the property gave interview in part as fol-
lows:
ct is true that exceedingly gratifying developments
have recently taken place In the mine. The
SNOWFALL vein is getting depth our late
ports Manager Pope OF the North Butte were
that the vein level and the
IL cent and IA silver the
The OF drifting vein level is in
progress and the good showing maintained. the
rams body that has followed the 1sOO-foot
level and which the 22OO-foot level
We the wider the grade 1900
foot level This ore body the has ever been
opened Butte, aside from the Jessie the
Edith May.
on the 24OO-foot level have encountered with a
crosscut narrow vein Of very rich and may
veiop greater with depth station the
o in the Spectator finished and prosecuting