The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1912-07-06
ny J. A. MINNEAR & co..


will make much better showing than did during the
past This will be possible because of the
improved ground being opened in the lower levels TO
the north The rich stretch ground which made the
South Kearsarge OF Osceola and the Wolverine
mines probably operated is being opened up
Shipments this ground in considerable
amount hardly be expected until drifts have been
further extended and Slopes made ready.
The significance Of the above statement best be
appreciated when attention that Cen
tennia upwards Of a hundred which Will prob
ably found carrying the rich OF the Kearsarge
lode acreage lies directly below the South Kear
Wolverine mines cutting off these properties at
depth south from the lower levels Of No. VOL
VERNE be close to the Centennial boundary
line ground rich developed by "the
little Calumet Heca."
No. shaft of South Kearsarge has been Of the
most profitable producers Osceoa Consolidated and
drifts that shaft south have also showed dmuni
ton Of values Centennial line approached.
1t Is well to remember however while the territory to
offers promise for CentennaIs future
that workings south Of No. 1 shaft and in the
upper of No shaft but little was dis
closed considerable drifting No. shaft is trihe over
$500 feet deep being given attention at the
present time one skpway used for handling supplies
and men Fur Their depth this shaft possibly give
greater encouragement.
Sinking No shaft resumed several months
ago and from additional depth is gained
is expected rhis depth possible to determine
positively what can be expected the ground unde-
South Kearsarge and wolverine From the 3Oth to the
S3d levels north drifts showed good ground.
1t is well to note the very excellent record made by
Centennial in 1911 on a limited production. During the
year past produced pounds Of refined
per at a 1863 cents pound. This cop
per sold average price of 1892 cents per
pound and showed profit after all charges
including $4,000 the close Of the Cen
ennia had a balance liabilities amounting to $4,000
i We look a production in 1912 of than 100000
pounds of refined copper which if sold average
price Of only sixteen will than enough
70 change the of the net assets of
j, considerable Production costs the present
year will likely a trine less than in 1911.
year promises to be banner one for Centen-
NAL and with favorable conditions 1t would be pos
sibe for company bring its output to close to
900 pounds. Centennial has outstanding but 10000
shares so that earnings per share rapidly
with high prices The company has excel
lent equipment both at the mine and mill.
BUTTE SUPERIOR
The likelihood the Clark and Butte
Superior interests will probably come to hcSe
We are gver to understand already negotiations have
been opened up looking toward amieable adjustment
of any possible the question of rights
Butte & Sureroi officials clear this
matter at once their shareholders Of FUR
Their trouble when the property operating large
Al sale.
The Clark interests claim to the vein upor
which the richest has been opened on Butte & SUI
perior property 1t possibility Of litigation ate
when development work the north that com
mands present attention The Clark people own large
interest in Butte & Superior and known to be ready
to meet the officials in coming to an ami
,abc adjustment without involving lengthy and costly
litigation
The buying Of Butte & Superior during the past few
DAYS would seem to substanate the theory that there
would be no legal troubles ahead Of the company
During the present month also month there
will be comparatively little underground done a
: | Butte g. Superior equipment will be installed
when completed will give the shaft hosting capacity
of 1900 tons OF cay. While this work is un
derway the mill will constantly working taker
from the dump The stock pile holds fully $4,000 ton
Of ore 40 that there will be cessation Of production
. even if the mine requires much two month
to complete is expected that later in the year tn
min win be treating upwards 1000 tons of da
. which will show earnings of about SO per annum, ac
!. cording to estimates made by President wolyn.
: ARIZONA COMMERCIAL
!. This month will witness liquidation OF the old Ar
IONA Commercial company purchase Of the prop
cry by the recognized company The price to be PAL
will be 100000 Immediately thereafter vigorous devel
h opment work will be started
An interesting statement recently by
Is " connected with part reads FOL
= lows;
h. New money has put into the sufficient
take care of its Indebtedness treasury wit
900 shares Of stock underwren price to
g At least 5000 OOO Meanwhile President smith has bee
. prosecuting the work reesabshing the wit