The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1912-05-13
PROFITS FROM
Low GRADE ROCK
MICHIGAN DISTRICT CONTINUES
TO PROGRESS IN DIRECTION
OF EFFICIENCY AND
ECONOMY.

Ml"NlHaN N.Ntlltl commune
making wonderful stridec ir the direc
ton OF efficiency and economy. and FL
mining reports OF operations for 1911
all things considered. nave probably
never been surpassed. This Is bes; re
Elected In the fact that several Of It's
dividend payers are mining rock from
which the average recovery IS scarcely
10 exceed 10 pounds Of copper per ton
while enc instance is furnished IN
which the average Weld Is about L.
pounds. There Is no other district Ia
the world IN which profits are secured
from the treatment Of such low grade
rock meanwhile the forces at work
FOR SIN better results are as persaver-
ant as ever so that today any Micm-
san property capable of supplying a
large tonnage and q recovery Of IL To
lG pounds per ton is looked upon as a
perfectly stable investment a notable
reduction has been made la the cost a.
smelling. now very much lower than
ever heretofore. II Is die iu great
measure 90 the low operating costs
attained and The promise of future
achievements IN this direction. that
new discoveries In this district lind a
Iaedy market n advance Of any very
substantial developments Tho comic
dence thus manifested has frequently /
been found To have been mispla ed, and /
We are pleased 90 note the tendency /
towards couser, atism has begun toas
Sert itself in The merNct for this class I
OF securities until such time as the de-
velopments are Of a substantial char
ucter ana their pcrmantncy has been
established 10 a reasonable degree Tn
der such conditions spectators are as
surei a decent run for their money
and possibilities marletwise Of very
broad proportions
Pcrsistency Of copper vames with
depth seems to be the overshadowlug
feature OF the Michigan copper dcpo-
sits. production from which is today
around the high mark despite the fact ,
that they have been suppbink copper
Tor more than so wears.
Mohawk.
Within very brief period the Mo-
hawk sill place an order for power.
iul hoist To be Installed at 30. shart
where there IS also 10 be- constructed S
without unnecessary delay steel =
rocl-hou
No. Is the new south shaft % (which 2
Is tributary an immense stretch of ter q
ritory, a goodly portion OF which has q
been proved up by ;he adioinins Ah- (
meek developments. Il VIII be we'll Z
IN 20 year before the new and per- y
uanent plant viii be- Installed. by b
which timc No C should be in position n
% supply It's future normal rock ton Z
iage Y
It will be recalled that sinking az no.
was permanently discontinued after
.eachlng the l4th level.the purpose of J.
he management icing 20 operate this u
PORTION of the oompanys territory from -
Sos. and shafts at depth below u
his level. TIE ground above the 18th
eyel viii De exhausted Wi,uir a year. u
when all operations az 30. VIII De '
discontinued. This move u
s ln the interest or economy. its adj u
antages being quito apparent -
For the first quarter OF 1872 Mo- =
.awk reports a refined output Of B. -
Gfg94 pounds. and while the cost fig
res are not at hand, we doubt lf they =.
Exceeded 10 cents yer pouna, though y,
hey are apt to 5e hirher henceforth
n consequence of The advance in =,
wages.
It is apparent that Mohawk viii oc- 81