The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1912-03-29
Brokers Gossip


MOHAWK
Mohawk showed a surplus of S94.bO6
from last years operations after diNi-
dends and construction, Reduction IN
costs was most important accomplish
,Dapt. the average per pound of re-
fined copper being lowered To lV'S'9
cents against ll,44l cents In 1910
This saving in costs OF more thah
cont a pound was effected after re-
Jnetions had been made in every item
,vcent the cost OF hosting a ton OF
~oet which increased from SL261 70
Sl2gt a ton.
mohawk produced and sold l2.oslo5s
r,oands Of refined copper. Average
,,rrac receiccd was 1888 cents pound
ANA proreeds from sales totaled Sl52"-
1CS. Mine produced l5.76o,'OO pounds
mineral yielding 1G.7l per cent. Aver
..oc recovery off refined copper per ton
,vas 1907 pounds, comparing win Ia
pounds q year ago.
President Cay says;
Onerations at the mine FOR the past
,rar have been satisfactory. The cop
,.r obtained from the rock was nearly
,.ro pound per ton in excess of the
urcylous years product, AID the cost
off production was materially lowered
AGENT smith says 15,45S feet OF de-
,..,ouneut was done during the year
divlded. Sinking shafts, SS2 feet,
drifting. lL42S feet; crosscuttins' u.s.
r.ct Stopiug amounted To 49'2t9
iathoms -.--
rbe amount of rock hoisted during
,,o wear was 9O2. $50 tons OF which
1oo3u tons was discarded as poor
ooD3l to III per cent. Rock trans
r,rtsd to the min and stamped was
goq.-tS tons. which yiel'ed l5'6o'oo
,.,grds of mineral The recovery OIL
refined copper was 76.1ll per cent
Giving ms 12.09L05G pounds
Tho average yield of refined copper
Nor ton of rock stamped was loo
n.,rds and per ton hoisted 1929
pounds.
Tho General condition Of now open
irgs made during thc year was good'
Tho hest ground opened was tributary
g. 40. shaft with very good results
north ON the fifteenth and sixteenth
tc,sls and south on the fifteenth. NO.
r,rcs next in order with excellent
.rovira al all levels south from the
,frtb IN twelfth Inclusive, and the
north drifts somewhat below the aver
ace of the entire mine No. followed
closely after No. 8 and best results
,..re secured south at the fourth tol
seventh levels. inclusive.
The north drifts and the eiah'a
s,,rtb have shown O fair amount OF
conner proving MP some very Eo'l
stoplug ground. openings at No.
were "a little under the average oil nos
and 6. Drifts have been opened
,,or,b Al ain levels from the thirteenth
,o twentieth inclusive and the ground
,,,osrl has been above the avetase
throughout, the mine. Dtiits oo''
north and south from No. as also
tngsr south of so. J have made l"'
nearest showing. being cons.deFao'>
below the average.
Everything a. tho mill is In salts
factory running order and we are
stamping TO FUN capacity. We suii'r-
ed 4gIto seriously from loss OF time I'D
January and February due 20 the 10"
STAGE off water in Lake superior. Dur
fra the past summer the intake chan
mel has been dcepened so that at pres
.,rt there .s from eight to ten leot oil
water ,ts entire length and We anu'i'
nate r1 further trouble from this
source.
Keeping I'm mind the improvement IN
conditions under ground during the
wear past. wc feel justified I'm con-
crus.ou that our operations for the
present year will give quite as salts
factory results as were secured 10
rVTf