The Calumet news., 1912-07-20
NO ANXIETY IS EXHIBITED ABOUT THE FUTURE '7s :
or THE COPPER METAL MARKET SAYS AUTHORITY
Quartz o the o
and her

At 1000 feet st is proposed to plat ana
the 500 foot level. II
viii recalled that i'm the very inter
estng this The deposit dis
closed by No drill win be
deep, it expected that the shaft will be bot
toned this formation this year
The stock is closely held and of being found
workings will undoubtedly a very
terial effect on the selling price OF the stock
ALLouEZ
One sipway Allouez's shaft is in commits
sion will operation within
when No shaft is operating capacity,
shaft will be closed temporarily necessary
repairs which will take short time 1t is hoped
shafts in commission before the close
tcmber production by will pos
sible.
The which coming Allouez's shaft
up very attractivey promises to give slight
~ better recovery milling
higher copper production.
| Aouezs earnings copper pos
sible for this company pay dividends in 1913.
HoUGHToN COPPER
Developments Copper property continue
quite exceptional This order to expedite
operations the bucket a three-ton
skip will be Additional drills also
placed in commission in sinking well drifting. The
drifts I'm both continue to up
g: :ound. Sinking the winze being pushed vigorously
COPPER
Distinctly improved since a the metal
market change has during past few
days S indicated in review a
The decline metal quotations purely artih
inspired by interests capable OF
gineering a such this kind. Ii has it's
and prices the mend. While 1t is true it's effect
| though short lived unsettled the whole copper mining
industry the red low is%
were likewise however, that these low
prices small and large selling agencies
firm quotations 17A cents for copper.
Production early in 1912 forced by mines
ing of the prices ruling at the time
and which considered high AS result there can
expected important production for the
the year We look with favor the metal
prices will be well sustained. such being tho
hardly add that shares will
seek higher surely warranted the
condition Of metal.
MINING NOTES
Naumkeag has started a second diamond drin to open
property
! ST Marys Mineral Land company shortly
a second dividend year So is generally
pected.
south Lake has its shaft 25 has discon-
tinucd sinking temporarily shaft concreted to
the ledge
Agomah drifting the level and the lateral is
100 feet in length s healthy amygdslod
ing copper
! No. 2 shaft is about $3.50 feet deep
and at this writing trap but is probably
not yet through the Pewabic formations.
Preparations the resumption of work in the Williams
property being made This is the
company which the old National property.
! There increase the foreign visible supply of
copper amounting s91OOo pounds for the two weeks
ending July increase reported from
abroad during 1912.
/ The new Touopah mill went into commission
last week giving Some adjustments
! now heng made but these little Importance An
quarterly dividend be expected before
the close OF the present year.
No copper quantity has yet been
tered No shaft of Superior Copper. The announce
ment of commercial this shaft will be the signal
for a sharp in the stock
! During the month of June Butte Alex Scott shipped
90 of receipts s4OS55.O2.
less operating expenses s17,41242 leaving profit
of $2S 242 almost enough
to pay the quarterly dividend recently declared
The strike at the Franklin mine, which made u
sary to cease mining and milling operations. been
broken and the mine development The
strike were unimportant while throws develop
men of the property somewhat material
consequence
Calumet Hecla company continues TO take step.
to prove conclusivey subsidiary
pauos solely purposes economical operation To
give minority shareholders representation the board
several changes on the subsidiaries
have been recently. only this week MEM
bers were placed on the directorate Of Tamsrack
The reorganization OF Ohio copper promises
successful and will leave the UNDER
writer's The first instalment Of nfy cents pay
able July 25 and the fifty cents vii,