The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1911-12-18
COMING YEAR IN
COPPER COUNTRY
ONE NEW PRODUCER, THE LAKE
WILL BE ADDED TO LlST-DE-
VELoPMENTs WILL BE
IMPORTANT.


many Instances developments OF NOR,
than passing importance are looked
forward 90.
Commencing with the southern por-
ti.n of the district, we find al the Adj
venture a crosscut being pushed for
ward Co intcrscct Nos. . and 3 veins
tbc FIRST of which should be reached
four on Give months hence. The drill
investigation of these veins was at
tended with ,sults decidedly prom
Using. the copper disclosures being
quite heavy. AS the Evergreen group
o. veins on the Adventure have been
tried and found wanting IL Is appar-
emit that the future az this property
hinges almost wholly ON the characte-
OF The forthcoming developments.
Somewhat similar conditions prevail
at thc Indiana. where during the COM
ing month the new shaft is expected
to reach the vein located by means OF
driu work no a depth OF some 675 feet
THE second vein. that from which tho
pHcuomenaIlv rich drin core was Sc
cured. viii probably not be exposed by
the shaft until during the second half
of the year The situation az indiana
is one of most interesting possibilities
ou which. however. there must needs
Doc indeed "a liberal realization To- war
rant au early advance 10 the former
high prices for those shares.
During the coming year the Lake
WIN remove its swaddling clothes and
enter tho ranks OF the regular pruduc-
erg in which it seems destined Co or-.
cupy creditable position. The Lake
vein is typical of most Michigan cop-
per deposits in that il possesses ok
tsnsira good and poor stretches and IS
dependent upon liberal openings and
udlcious discard Of poor rock Tho
mine is being shaped for just such an
advantageous operation. this including
high class surface plant
The Wyandot has levied an assesa-
ment OF 2l per share TO tho end Of n
resumption OF exploratory work. tho
plan of which was outlined in re-
Gently issued circular to the share
holders.
The advance in the metal should
prove an incentive To a broad scale Of.
operations nj Win0na. which has made.
provision for the treatment OF some
500 tons OF rocl, daily.
IL is not improbable that the coming
scar win witness the completion oil
sinking az Quincy No. shaft 10 the
Coppcr-bearing zone. The Quincy
north ground comprises its biggest as
SET, aul 90 this connection IN IS worthy
of u1t. that 80. 8. the extreme north
active shaft. ie today the company
most important producer.
The Franklin has Installed q pow
criul moist and carried forward its de-
vclapmcut work on the pewabic lode
90 such an extent as TO assure regu-
lar shipments at an early date.
Harrluv unforeseen difficulties, Mo-
hawk WH report an increased produc-
tlYn ucvt year. as viii also Ahmeek
and probably Osceola Consolidated.
Michigan win contribute but ono
nrw producer this year. this being the
Lake. and while increases from other
sources are assured. the aggregate viii
pot Ha of very great proportions. even
though DIE favorable metal market e.
tl rra.e aH incentive towards pushing
pf. .ser..r a. - limit
Dan- tl r-a.r l.- share capitaliz-
.t.r .r copper has added
tine earnings perl
.tef. ~ ts- r.rlzsr r.neE-Quincy
ssr.as ae 1 .1r. This CONE
HH.
.r t SO with tho metal
re.rr at .reltr. while ~ 1879
-..s rare ear.nvs arc about.
5000.
Resgroe % Operations Continued.
Lake garaer. under its new manage
r..ar rroeeru-el aggrsssiyeIy the de-
glIaauerr ~ i-s property. and az the
cI.re NJ tine gear had f1Ied through the
now saafr 90 the Eth level Further
sinking was suspended pending tho
installation Of the new hoist which
waF expected to ~ into commission
shortly after the Grst of the year. but
development work ar the close of 1911
VAS under way on every level from
tho End 10 the Still The lower levels
were reported 90 De showing the best
rock ln the mine. II is believed that
production iu small way can De
started On the first half ~ 1912.
Mohawk operations win correspond
closely with those OF the previous year
thare being an increase Of few hum
arod thousand pounds in production.
Tho new so. shaft is said 60 De-
opening up very good ground but is
not as get much OF factor in produc-
tion. 1871 earnings per share cstimat-
cd go "a trinc under %.
Osoooia's production viii be stu
smaller than that Of the preceding
year. and with a lower price for cop
ror n sooms doubtful If II win show
even its reduced dividend rate Of 81
per share fully earned. The higher
price for the metal. however, mean