The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1912-05-20

ment and development carried special accoun,
There outstanding the year 1911 2a9
500 shares Anaconda stock. The company closed ,n
with surplus Of s2sO5Oss. Copper was produced
az close to nine cents per pound was sold around
i2A cents.
AHMEEk
Machinery for Nos. shafts the Ahmeel ia be
ing received and the installation will well under wov
before the summer will have passed The equipment q,
these shafts will be the modern use in the Ika
Superior district cylindrical rock house viii be
used the system operation will be quite different
from that serving shafts No p time it is ex
peced that these shafts be able to amos,
double the Ahmeek output will be at least
year hence
AS is quite generally known these new Ahmeex
shafts place going down at an angle
about so degrees in the inverted " They
will the north Ahmeek territory up to the Mo.
hawk line The engine, boiler shaft rock houses
will the two shafts
There is apparently dmunition values In Ahmeek
rock. Mil recovery 20 pounds
copper per of rock stamped This recovery
and the low Ahmeek capitalization makes stock one
the the Lake Superior district. Ahmeel,
this sold high 1910 the top price the stock
Directors of the company will meet in a few weeks
and there is already considerable speculation the
dividend that will be paid following this meeting The
last dividend the 81 per copper
bringing sixteen per pound AhmeeKs earnings are
said be close $50 share that thar
If the management desires dividend least S.
share be paid.
oNEco
shaft has been sunk 1850 feet the last %
feet being used for A station is being the
1926 foot level and the drifting this depth be
watched with than rasin ing interest the
plans operations will he largely by develop
this depth Drifting the i,1OO-foot level
is under only small force is being employed
the property the results have far been fully
expectations. The of
expected any time, should prove anything
but a bullish influence the stock.
HANCOCK
No. 2 shaft is now sinking in trap having passed
through the mineraized formation which
past attracted much attention to Hancock The forma-
just passed through about twenty
ground carrying copper in fair quantity The
agenent quite satisfied that this the Pc
wabic lode but that the objective point Of No. shaft
will reached within the few weeks So far No.
promising formations which will
later be given attention
COPPER EXTRACTION
The stampmils various mining companies opera-
ing Lake Superior district vie each other in
keepng possible point the
same time maintain minimum tailings.
derfu strides in milling have during the past
decade decided Improvement in extraction is noted
when compared with that obtained within the past
five years. The sands running from day Lake
Superior mills would nducement further treat
ment is the of the sands which n valuable
asset they lay deposited by the mills a decade
Further improv in milling operations will be made.
Regrinding of sands has The Calumet
a Hecla nan aka LINDA has
ed this fact beyond shadow doubt This plant with
forty-eight Chilean heads has been operating for
than years showing handsome recovery Of
copper.
The Calumet & Hecla company building a Sec
ond regrndng plant. This sixty Hardnge
heads, which the will result in even
better results than the initial plant 1t is impossible
when this plant will commission, it is
hardly likely to be until late 1912
The Copper Range realizing the possibilities
of resrndng installing machinery this purpose
at the Baltic Mill. this purpose
have been completed and is likely that before the year
is the Baltic mill will showing further better
ment In recovery through this system of regrndng II Is
understood Copper Range will in similar improve
the Trimountain and Champion mills The company is
installing turbines Baltic MILL and will expend for
the equipment this plant said close to $780,
600. ssEaMn18xM
SOUTH LAKE TIwyEMNIUU
Issuing the call Of an assessment Of 50 per share
stock President watson gives the following
informaton Recent developments at Lake Copper
companys property and the Algomah have so inn
proved the outlook for South Lake. adjoining Lake on
the west to lead the to at once
active work the South Lake property.
incidentally IL might be said that the western trend OF
the Lake lode directly toward the South Lake, would
confirm the long standing theory of DIR. Hubbard
the eminent Superior geoogst that the lodes cut
by diamond drills I'm South Lake have a southerly dip