The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1912-03-23
'OPPERS

substantial increase 1912 and make IL nosshia O.,
dends to be increased sioO share ouar,er - .
least $3.50 share quarterly.
II Recent reports from Bishee indicate that a,
aryly rich strike OF made In ctosscu No a. =
the 1900 foot level of the Briggs shaft 1t Is said tina, m
ore body Is not only of the largest but also 10 a.
richest thus far encountered Calumet ARIZONA nr
i ~ with assays running from 30 to 400 copper
\ SOUTHWESTERN MIAMI
southwestern Miami was feature past week GALL,
Ing above IS with large blocks stock trading nj h, a.
ure The renewed interest the was due 10 th ,.
hat IN NO. hole at depth OF S65 feet commercial ore wa.
encountered about 40 earlier than expected Tho -
assayed two cent copper. up to the last ren,
the drili was sl going through class OF ore Tho
hole was 1915 feet deep yesterday. 70 hole ON Tho loo
Oak property is but 2i0 feet from No hole on sout,
western Miami and the dri at Live Oak showed ,e,
ieet OF commercial ORE so that is quite reasonable N
expect considerable sized body No hole No
hole at Southwestern Miami feet deep The H.
cation of this hole together with such that in tina
event both cut commercial practically prov
eight acres bearing indicating 5000 900 tons f
commercial worth over 81 100000.
/ WiNoNA
Wnona will soon be able to increase output hropoh
the commencement of stamping with No. its new
mill The annual the company had
balance of assets Dec &c. 1911. s4ss4 with up
paid assessments amounting to $9O2sa
OWn fam.
porary and operations . winona and II ,s
believed that by this plan a larger amount of rock can
be supplied the stampm making possible an increased
output.
Milling was begun ~ March, 1911. until the close Of
the total 1el5s75 pounds of refined copper was
produced from s7445 stamped giving Weld ~
1908 pounds of refined per stamped In
commenting upon developments at the property Pros
Charles ]. Paine Jr. says I'm part:
To your mil
first of March. 1911 have maintained continuously
ever since The usual difficulties with new plant were
experienced and remedcd and the last months the
MN has been running SIN ,ohl though of copper
in the aiings is st higher than had anticipated For
the first four months the recovery slightly over
twelve pounds per rock while during the last six
months there sufficient Improvement made In this re-
pect that the recovery year was about hound
higher.
In January 1912 started taxing on additional men IN
open mp No shaft and supply second head
Good men have been coming sow but output grad
uay being increased and is the nearly
tons of rock day. 1t will months before
All output of i2OO tons per day IL ached"
NORTH BUTTE
North Butte directors meet this this week 10 take
action on the quarterly dividend quite likely
the meeting will until very late this month or
early In April number the away for the
winter so that the postponement action dividend
considered significant 1t Is known that sew
ora of the directors favor the dividend from
thirty cents quarterly fifty cents share but whether
such action will be taken forthcoming meeting is
impossible to North is easily earning nifty
cents share quarterly and
copper With the advance present quotation OF
teen cents only the most conservative considerations
prompt the directors to maintain the low
The annual report will be issued the
part OF April ana will be very satisfactory win
show production basis 100000 pounds per
month.
AS yet there have been important developments the
$500 and $500 levels at which points arqe
rade to locate the Edith May Jessie veins The
Developments on the Snowfall vein said highly
gratifying TO the management this lode is showing
up richness equal to the developments the
fdth May several years when North paying
dividends OF $500 quarterly. patcul
does the SNOWFALL vein showup best vein
about "a feet wide is feet Of which carry and
FEET second class addition the SNOWFALL ore carries
nigh silver values 1t has been up the 1900
1900 and 1000 levels but is quite so wide 22OO
evel Difficulty has been experienced on the $500 level
extending the Edith May vein because
" the air. and negotiations are pending whereby
raj work will be done this depth through Anacondas
workings
There have been evidences of accumulation in North
'ue during the past week and the high
eve for this selling above $50 with remarkable
ase.
LAKE
Lake continues TO chip from 200 rock daily
the Baltic mill of the Copper Range Consolidated and
lille no announcement has yet concerning the
esut of these milling operations have the
'ck now being shipped the opIon will show
very satisfactorily The that being stamped
'mes largely from the pile during the
Stensive development work which under at