The Calumet news., 1912-06-11
INTERESTS IN OLD
OSCEOLA RESULTS
IT'S BELIEVED SUBSTANTIAL
PROFITS WILL ATTEND THE
OPERATIONS.

osceola Consolidated shareholders
viii manifest deep interest
in the forthcoming results at
The Osceola branch. which has under
gone extensive repairs and in position
10 furnish the best returns Of which
il is capable.
The coming operations viii demon
stratc 20 what extent old Osccola can
bc reckonoU as future asset.
We excerpt the following from the
osccola ConsolidatCd's annual rcpor,
for the year ending December 81. 1905.
with referencc 10 the old Os,cola:-.
During the past year this hranca
of the mine has been operated at a
loss. This was due in part 10 Cond-
uons at No. shaft, and the low cop
per contents OF the rock (shown by se-
parate milling TO be about IA pounds
60 the toni Your directors believe |
Il rs more economical 10 close this |
branch than TO continue operations al |
the present how price of copper. This /
viii also give the opportunity OF MAX
ins the necessary repairs at No. 8
shaft"
The Osceola Consolidated received
an average price for its copper n
1903 Of 1882 cents per pound, SO thai
from the foregoing indicated costs ~
the Osceola branch, il is clearly evil
dent that the subsequent shutdown
was more than justified and that in the
absence of most wonderful economies
there was no warrant until very re-
Gently for a resumption OF mining.
The Old Osceola rock output viii /
come from Nos and shafts. both
bottomed at a depth OF close to 1900 i
feet. The workable depth is $500 feet
and the length Of vein traversng the q
property is 6,200 feet
For a long number OF years the Os- +"
ceola vein was classed among the ="
most profitable traversing the north "
side Of Portage Lake while today it is =
a valuable asset TO the Calumet < =
Hccla. u
II varies I'm width from C 10 80 feet, h.
and IL broken. contorted and bunchy. ~,
Bars Of trap frequently occur. and. as -
IA all amygdaloid veins, barren ground =,
ntervenes between the productive y,
tretchos -,
Nos. and shafts command the in
outh side OF the property and arc dis ed
ant apart 1850 feet. The location OF Ibu
so. d is distant 1.7JO feet from the Ire
outh boundary Both arc equipped a
With powerful hoists. the one at No. be
being the first Of its kind placed IN ii,
Sc in the Michigan district its
With both shafts in commission il ia
safe 10 assume that rock ship in
rents will aggregate not less than is
600 tons daily. = 14-pouud recover ca
ould insure rate Of production
Iual 10 about 4,35O.0OO pounds pc~ sit
lnum. whereas on 16 pounds these In
cures would be increased 20 about va,
100000 pounds. in,
That costs in the various depart ma
ent viii be lowered goes withou, or
.ying. in addition 10 which there may tina
p looked forward To on Increased saw an
g at the stamp mill Bat there Is bic
limit 10 the possibilities in the mat lie
r OF economy and increased efficiency, ma
I'd after granting the most reasonable be,
in ;his direction. 1t fev
evident that the most needed feature lse.
aking for stability and pcrmanency res
operations is am increase of few tail
unds of copper per ton Of rock
imped There is considerably more uI
an remote probability of such inn n
ovement, meanwhile there is much
enlargement 10 be derived from the
pper market outlook and the fac.
at substantial profits viii attend the
erations about to te started at this A,
operty.
The Old Osceola became part Of
p Osceola Consolidated I'm 1900. pre-
'us 90 which its dividend disburse.
,nts aggregated SO G9g, 200. Previous 7
1909 II was "a regular contributor to sen
b net earnings Of the latter company. Ass
e profitable mining of rock yielding \
pounds per ton and hoisted from an,
depth Of 1900 feet will add to in psr
merable accomplishments Of the abo
chigan district the pioneer copper pro
Id Of this country. t-oi
cce