The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1912-02-03
CU G6EsIP Of The Co &C.! s!:!5ss
0OOOAA '''''''''''''''' COMPANY Is
placed privately middle of the present month
J BY j. A. MINNEAR
r. COMD NV


VICTORIA.
The annual report Victoria Copper company for
the 1911 will be issued about March ist and viii
show the company "A tribe more than cu
| costs for the period in question
Production increased fully 4OG5 that I'm 1910
while the contents stamped also show
ed Improvement Victoria sufficient on hand
carry operations indefinitely and win require no
further assistance from its shareholders unless It finds
IL advisable increase the capacity of its stampml
AT the present time Victoria is employing men ana
Is stamping $40 tons of rock day which give an aver
return of IL pounds OF refined per Of rock
stamped. The mineral dresses $50. The rock now
stamped comes entirely from No. ground be-
tween the 18th and practically no
attention will actively developed during the pres
The 22d level shows richest rock yet
opened at the Victoria. the level the ground
also better and it is safe to there win
be a large amount of good stopping ground there.
The vein which is receiving attention at No shat,
is of rather bunchy character No. about g.
500 feet from No and has a point equivalent
the 12OO level No hanging wall side of the
vein at this shaft shows very copper A plat
is being at this point considerable drifting
will be done. This shaft been concerted down 70
the 18th level
Economy has been tho watchword Victoria mine
The water greater factor in the success
full operation of this and the initial of its
installation has been made IL is practically In
operation and the but one man. Vic
tora has OF which disposed of 10
neghborng mines whenever such step advis.
able The of being found very eco
nomcal and both in drifting stopping are they being
adopted generally throughout tho olne
| oJIeWAY
Beginning the first of tho month"; oiibway discontinued
rock shipments to the Tamarack stampmIL This action
taken the had the information
~
OF three months Rock shipments from prac,
ticay all the drifts No 1 shaft and while it is yet too
early authortatvely just what results are we are
Of the opinion that the extraction viii trifle
ID pounds Of refined ton of rock stamped
whole this record is very not
high of the Superior producers Is
evident that with regular production
both No and No shafts, Ojibway substan-
tiaI earnings if its by
the mill
AS production has ceased. Obway laid off a small
portion Of its working force For the present operations
viii be confined to opening up 1 shaft has
been sunk to the LOO level. crosscut is beins
driven the lode. The work being done
1000 level
At No shaft drifting being south on the 1900
level with results considered quite satisfactory
copper shows substantial advance it may be another
before ojbway production regularly There is
no need of hurrying matters for the
sucient to carry on operations now for considerable
period and the next financing that will probably
done will be for the construction acquisition
mil and provision for working capital during the period
intervening until production resumed
HussEY HOWE MINING COMPANY
Final details of the organization IIussey
Mining company were completed week The company
Is capitalized for 100000 shares par
In payment for the property $4,000 shares full paid
stock were issued The company is dsposing of 5000
shares of full paid stock $40 provide
capital the remaining $4,000 shares will held the
treasury to be disposed
are required and at the discretion
The company will be entirely by Pittsburg
| terests.
The Hussey Howe Mining company will hold 800 acres of
land in the heart OF the socaed South Range district
No exploratory work has thereon but the out
sandstone being plainly traceable for a considerable
length and also promising amygdaod vein upwards
100 feet In width and believed Baltic lode
be upon this vein that operations be undertaken
exploratory shaft will be sunk this lode Prominent
men are of the opinion that very little depth will
necessary before the shaft copper in
sal quantities.
ARIZONA COMMERCIAL
The final payment of 81 the assessment of 50 called
III the reorganization of Arizona will be pay
ape feoruary 10Th This call will provide company
win upwards of 100000 with which develop property
ana should be sufficient fully of
the property. Resumption of operations looked
until after June st 1t necessary that bondhoders
In the old company property following
which the will buy in and as soon as
the necessary legal formaities passed through win
be possible to development work