The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1911-03-18

lefe.
west of our present workings tunnel level wha
It Is expected body of merit may he anoon...
cred.
During the month OF December the lower ia,, .
the coapanys property were drowned out. A. 90.
doubtless know power Is furnished bv elec,r =
orators by water power and the tror,,
caused by the freezing of the creek which Furnishes -
water supply, thereby shutting off all available no,
During this time the water In the mine kent rais,
ana the motors which run electric pumps ON ,h
four hundred foot level finally drowned ONT
Al the time OF this accident the company was d.
ing work III some very interesting country east of tho
Dig iau ana indications In the face of the drift pon,
to the fact that body was very near Tho a
agement is of the opinion that 1t would he n con,,
ton of the rich ore body which the company had s
years ago The directors are figuring putting in an
electric pump OF 1000 gallon capacity. which win Cost
In the neghborhood OF $4,000. This pump win IA ,
trio driven and will be wheels to follow down ~.
incline. We will always keep the pump in the sbo,
and In case of an occurrence as in December we r,
be able TO hoist the pump above the water AT any ,
and not be in danger OF drowning out again
At the present time the expenses Of tho -
are paid by easers and sale of power which o0o,..
In the neighborhood of $500 per month All e,nerso.
has been cut to the minimum until we start nnn
ing the water the expenses of the company win no,
be increased"
NORTH BUTTE
North Butte Directors will probably meet in the nov,
week or two to take action the quarterly dividend
NO change in the rate is expected Important news
from Developments the 24OO level is momentarl, a
pected and the management believes that the Ed,n
May VEN at inns point VIII be found to show exeep-
"op"i values The Spectator shaft is going down to
the $500 foot level where the management nronos .,
do large amount of lateral work. and there 10 .r,
assurance that the secondary enrichment win be on.
countered at this depth.
North Butte should be of the marke, leaders
as soon as activity returns the copper share list
sHATTucK-
The annual meeting OF Shattuck shareholders was
called for April 10TH The has been under some
pressure during the past two and the selling ia
said to be due TO the possibility Company dis
continuing dividends least making the rate aftv
cents per quarter instead of ST.
The company has increased its OUTPUT as was
expected and in order to maintain old rate either
"a larger output necessary or better nrice FOR
copper should have been obtained Payment Of dv-
dends at the rate of 81 every months bv Shat
TUCK we have never regarded being within a con-
FerVative course. particularly the company was
without its own reduction plant and until the dIrec-
tors pursue cautious policy we cannot regard
the stock attractive.
MICHIGAN
Practically all exploratory work has been dIscon-
tinued at the Michigan No. SO diamond drill hole
core was taken which showed considerable promse
The management does not consider the present time
as satisfactory one to call assessment and as
Michigan is without any considerable amount of money
the present course is the only one open
SUPERIOR GLOBE
drill
though the results have Indifferent 1t is hoped
to reach the vein with another $50 feet Of drilling The
Company has about $4,000 cash in its treasury,
and is expending the rate of $1,000 per month at the
mine. so that 1t has money sufficient to carry II well
into fall before asking shareholders for further funds
ANNEX
The annual report of the Ahmeek Mining Company
mas been made public, and the whole is a very
gratifying one The report shows that for the year
e'u"s december 81 1910 profits from operations
s|4@'SS' Inc net increase in assets amounted to
S22SS2O Were it not for the rather heavy consruc-
ton account, Ahmeek would be able to show much
greater earning capacity. The company stl has before
1t the equipment of the two new shafts Nos and A.
ana some probable changes at Nos. / shafts in
the rock house.
Commenting conditions at the property President
Agassiz in the annual report says as follows:
AT the No. shaft developments on the 9Th, 18th and
Sth levels south have been in ground since
Ing through a seam of mohawkte. Work these lew
els has been discontinued. and the 9th level is being
driven to determine the condition this ground All
openings at this shaft with the above exceptions
developed good copper ground
At the No. shaft the 10th level south has been
connected with the openings No shaft All levels
have developed good copper ground.
AT the No. shaft sinking has progressed steadily,
and In January 1911, the Kearsare lode encount-
cred at depth of approximately 1854 feet from sur
face disclosing good copper in the portion
posed Connection has been made with No. shaft to
the north at 40 at sis feet from surface