The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1911-03-28
ANNUAL REPORTS
OF C.&A.--S. &P.
JUNCTION SHAFT HAS LARGEST
AND RICHEST BODY OF ORE
EVER FOUND IN
5IsBEE.


In value s265,3645S. averaging per tol
OF refined copper 1888.
"The highest average price ne
month we received for refined coppe
was for copper delivered i'm March
1910, viz;-13.64 cents The lowest wa
for copper delievered during Septem
ber 1910, viz:-12.463 cents. The av.
erage price received for refined con
} per delivered in 1910 was 12.9316 cents
This was from sales made of copper
produced October 1st. 1909 to Septem.
Der SOth, 1910"
Receipts during the year were 81,
Sol, 760.07, which, with $S13,360.43 or
hand Jan. l, 1870 gave $5,665. 12O.5O.
Expenditures, including $500. 900 paid
i'm dividends, were sS,71S,551 .O3. leav-
ing cash on hand Dec. 81, 1910. ST.
946,56947.
The total assets Dec. 81, 1910, were
$S,7O6,7744O; liabilities, $2OS, 563.15; /;
assets in excess of liabilities $685.
211.25.
General Manager John Greenway
says the total amount of development
work during the year was 3O,S4S.7 feet
as compared woth 27,562.0 for the
year 1909.
Speaking Of the Irish Mag shaft, he
says no new ore bodies have been
] opened up during the year, but extern
sions Of ore found around previously
mined areas have been very sati3fac-
tory.
At the oliver SHAFT development on
the 95O-foot level opened up many
small areas of rich oxide ore which
though usually of small extent gave a
good tonnage of desirable ore in the
aggregate. A body of oxide ore was
opened up and stopped on the south
end of the Gibraltar Claim on the L.
25O-foot level. This ore is as yet un-
mined below that level.
Mr.. Greenway continues:
I'm addition TO the above a body
Of oxide ore was found i'm the latter
part of the year between the 1850 and
1,25O-foot levels i'm the southerly part
of the Buckeye Claim, but as yet this
is developed only by one raise.
"The large sulphide body on the L.
350-foot level has not been found on
the 1,45O-foot level as yet, and the
only raise under it shows about 40
feet of ore below the 1,35O-foot level.
This ore body has not been stopped to
any apprcciable extent as we have
not needed the ore, and development
in it is therefore not complete.
"A new body of sluphide ore was
opened UP on the 1,350-foot level on
the west end line of the Senator Claim
and is now being stopped. AS far as
developed this is a small body of |
good ore, and it may prove larger
with further development.
"The physical condition of the mine
as whole is much better than last
year, owing TO the fact that we have
been able To temporarily abandon
some areas of heavy ground. concen-
trating our work i'm certain sections
of the minc with the idea of working
out block of ground i'm the shortest
possible time and thus requiring
minimum number of drifts to be re-
paired and maintained at one time.
Earnest attention was devoted to
mining costs and this j.
meeting with some success. Efforts
have been directed mainly along the
lines of increased efficiency of labor;
In supplies such as raising
without timber using smaller sizes of
timber Ina slopes; reclaiming of tim
ber, etc
I'm October an option or working
bond was taken on the Superior mine,
Of one patented and three
lrpatented claims. situated in the Vir-
sinia mining district, near Lordsburg.
New Mexico. This property we have
operated since then. shipping approx
Imately 55 tons OF ore per day to our
5melter at Douglas. Gross values av-
erage $500 per ton.
The CORTLAND property as whole ,
has been discouraging. but ii Is felt
here is ground south and west of the
lermana shaft that will Justify de- ,
above the 26l-foot level.
1--WE shall probably plan TO place the
present smelter on basis of 1900 1,
tons capacity per day. and then con-
duct a further study To determine
whether this temporary remodeling :
shall be part Of the remodeling of the !
present plant for permanent use. or ,
whether in view OF the fact that the
of sulphides produced In ,
The Bisbee mines is continually in ;
,reasing. II will be desirable to con- :
struct an entirely new smelter Such
4 study will include the anticipated
reduction Of operating costs, cost OF
design, etc. Arrange ,
ments have already been completed {
to commence this work" =
Superior & Pittsburg.
The Superior & Pittsburg produced =
so66 tons of refined copper in 1910.
President Briggs says:
"Our product I'm gold and silver was ,