The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1911-06-17
'OPPERS
" j. A. MINNEAR
& COMP AN

system of mining adopted has been proportion
to the tonnage stopped during ear be the case
under regular operations.
No shaft January /. 1911, 927 feet deep Dur
Ing the sinking POS feet of drift
ing. and 1872 feet of crosscutting shaft
The shaft has sinking time In the hang
ing WALL and at the 9th level back to
to the north 100 feet developed small
patch of good about crosscut AT
greater depth the lode will again present
is more important to sink this a point where
connection be made with No 1 shaft on the 18th
level
Plans under consideration for installation of
large hosting engine for the rock
quantity No 1 shaft
The charge stamping the Atlantic mill has been
materially reduced
Balance sheet balance of liabilities as of Dec
3D. 1870 of $S752 $17 Isl April 3d. 1910
Cash. supplies. copper etc hand sS28sss
while accounts payable $S32,4OS"
NORTH BUTTE
mis- issue has been of the features OF tn.
copper share market during past few weeks AS IL
the leader in the decline. so was quite natural to
upward movement however was halted when the story
gained circulation that the company contemplated either
the dscontnuance the cutting quarterly dividend
of thirty a share.
North Butte has just filed report with the county
assessor at Butte Mont, which shows pro-
fits for the by this report to $685.
600, equivalent to $14S share. report filed with the
Montana officials in the mining as well
as reduction costs with company now treating
higher grade of than earlier year. earnings
should show up satisfactorily than indicated
by the report just
We do not believe that will cut it's divi-
dend, think that spots the stock should be
action
MOHAWK
Selling up s5S this week. Mohawk touched a new high
point for this move. The buying has
cldedy improved underground conditions at the mine
This is not only true of the shaft. but other
openings. 1t is estimated that Mohawk is opened
for fully five years ahead, with stopping ground much
better than the average of past two years
No. shaft. crosscut mas been started from the
Sh level to intercept the extent OF deveIop.
from No. shaft indicated by the amount
Of drifting which has been done level and which
is follows:
9TH level North 700 feet
South. feet.
9Th North 500 feet
South. 400 feet.
9Th level North 800 feet
South. 400 feet.
eth level North. feet
South. 100 feet.
on June 1s the six shafts being operated at the
Mohawk bottomed the following points:
No 1 bottomed the goth level
Noe bottomed the goth level.
No. bottomed at the 18th level
No 4 bottomed the 18th level
No. bottomed a the level
No. bottomed at the Sth level
CHINO COPPER COMPANY
special meeting shareholders of the Chino Copper
Company will be held June SOth at which action
taken proposition to increase the capitalization by 1OO
900 shares. approve action of the di-
recors in authorizing issue of SO.
ten convertible bonds. These bonds will
s25 per share Each holder Of 14o
shares of Chino will be entitled subscribe $500
bond The bond issue has fully underwrItten The
of the sale used in the
completion of the mill under way finance the
companys development work
1t is believed that the financing will to meet
all the companys requirements until production will be.
gin Chino will the capacity Of Commemorative
construction 5000 to 5000 tons per day
Development work at the property continues ex-
tcnsive scale. 100000 have been
blocked assaying approximately 2H95. large por-
ton this tonnage made available by steam,
shovels. making the production comparatively
low. = vi IlNINM
Chino continues be in considerable demand and q
large stock being taken by foreign tn
as the financing is out OF the way
MINING NOTES
Colorado Mining posted six cents dividend this week.
The closed 18th and the dividend is payable
June GOTH I'd 4pN
IIoughton Copper prosecuting o the vein
which being opened with such favorable by
Superior Copper. 'a"qsEyqull
Crown Reserve Mining Company has declared the req
quarterly dividend SO, payable July
holders of record June 2Oth