The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1912-01-22
ECONOMY And
GREAT TONNAGE
FUTURE POSITION OF THIS DIS
TRlcT ASSURED NOW THAT
LOW GRADE ROCK YIELDS
PROFITS.

IONS OF Ihchs from winch the wen
was approximately 22S.00O.OO0 pound
OF copper. thus indicating an aversg
! recovery OF a tribe over twenty pound
FER ton. II goes without saving tina
there Is no other copper mining dis
trict handling such tonnage. nor 4
there any in which such vast sums
are invested i'm surface plants.
Recent mention has been made o
the lowered costs in some of the Mich
igan mines and the future possibilltie,
Ia this direction Considering IN,
enormity OF the tonnage. il is appar.
cnt that The pccuniary gain following
the Introduction OF any devices max
/ ing for increased efficiency is of broad
proportions. Taking the Oscoola as ar
Instance a reduction OF 10 cents pei
ton in its mining costs means addi-
( tional net revenues OF about S1.25 per
share. II is because of the achieve
mcnts In the direction of economy that
production In this district has reach
cd its present proportions. and for
the same reason it's future position
that profits are assured from the treat
meut on a large scale of rock contain
ing as low as fourteen pounds per
ton.
While there were other contributing
factors. the decline I'm the Michigan
1911 production, compared with the
year previous, was due TO the very
Indifferent showing Of Tamarack.
which has relinquished its claim 20 a
place IN the list OF leading producers
Somewhat smaller outputs were also
reported by Osceola and Copper Range
but these were fully offset by increases
from Ahmcek. Calumet & Hecla. and
Mohawk Barring Unforeseen difficult
ties. this year should witness a some
what increased production. due in part
10. the incentive in the way Of better
prices. True, the leading mines prom
Sc but little increase. aside from All
meek ard Mohawk. but the aggregate
SHOULD be Of fairly decent proportions,
iu addition To- which the Franklin will
return 10 the ranks. while the Lake
viii become a regular contributor Of
proportions.
Centennial is pushing it's develop
mcnt work IN the territory under the
south Kearsarge. with which connec-l
tons have been established at the 27thI
level That this ground will prove
profitable goes without saying. this
applying also % the Centennial ground
the wolverine and extend
ing 10 the North Kearsarge boundary.
At the Allouez. the permanent power
plant at No. shaft should be in read
mess for regular duty along in May,
following which production from this
source should show a substantial in
crease. No. . shaft commands the
territory bordering on the Ahmeek,
the value of which has been fully
proved by the Developments on both
Superior.
There Is every evidence that an en-
largcd scale of production is 10 be
entered upon as early as possible at
the Superior. a fact tending to reflect
the fullest confidence Of the manage
ment In the future Of the property.
At No SHAFT double track H.
toing laid from surface; meanwhile
work has been started to
the end of the installation Of a perma-
ncnt hosting plant following which
six-ton capacity skips will supplant
those now i'm use. Sinking at No.
shaft is in progress below the 18th
level, $50 that its present depth is
over LOO feet. New open
ing work Is in progress at practically
all the levels below the third. total
or forty One-man machines being in
The latter are "A new la
bor- saving device, and the fact Of their
general use at this mine SENS to in
dicate that their efficiency has been
well proven and that they will Ill
timately displace entirely those for
years commonly I'm use, and In the
working Of which more workmen
were required
The Superior continues the treating
OF its rock output at the Atlantic mill,
and viii probably maintain this ar
rsngcment until No. shaft is in posi-
ton 20 respond 10 the fullest demands
Copper Metal.
Tho past week was one OF compare =
tive dullncss In the copper metal, a
fact not surprising considerina
the heavy purchases Of recent period
There Is no manifest disposition "a
press sales. electrolytic copper being
held at 14ik cents by the various sell
ing agencies. whose position Is that
they can afford to wait for the good
reason that they have sold well int
March.
The London decline following the il
ouidation OF speculative warrants
brought about the lowest prices since
tie year opened. but this weakness
failed 10 influence the quotations o.
the selling agencies.
The london bi-monthly statistics
a. Of January IS placed the foreign
visible copper supply at 55,95O tons
decrease OF 1880 tons from January
J.
In well-informed quarters u Is free
lv predicted that January viii recor'
another substantial reduction In tn
worlds surplus copper stocks; als'
II Is stated that no surprise need b.