The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1913-05-17
METAL SITUATION

Copper metal continues he the strongest
nodiues which statistics published. sales wer"
made during past according of Lake
copper, cents, while cIecrolyc is being held at
la. =.
The foreign demand is the mainstay Of the
present market inasmuch during the ending May
l.. exports totaled ll,os5 May 2lo95 tons
have been shipped abroad per greater than
ror period last wear Even with these phe-
nominal shipments European copper statistics only
show decrease of $50 tons in the visible supply For
cign visible supply Copper England, France and
aroat ON May 1880 Stocks Rotterdam,
Hamburg and 12.l51 tons. decrease
during past This makes the total
decrease abroad ne past fortnight.
There Wild speculation the London tin
during past three days, price spot tin
carried $5o per though the prjc"
listing $ a above quotation months
This speculation in lin is carried in the Same
manner copper warrants the London metal market
ana drop such they have had con~il
cradle anxiety may necessary holders
copper realize their contract in order TO
Protect their Tin commitments.
SUPERIOR
The lldeerwood hoist tormerly used at No. SHAFT
superior shortly moved Thu
concrete foundation now being laid and engine
house win be enlarged this hoist much
tl.at in 1t viii ne good exploration
ever 1000 Thc old is raising
level, the limit It's capacity sinking being
cone with til" aid Of a bucket running a trolley
M profitable mneralized ground has as ycr
loen met with this shaft but yet
found the veins the N,. l. are good
grounds believing something of value will bc
encountered before Sinking OF shaft viii he
steadily continued, and drift ON the 18Th
level of No shaft with one from No T.
No shaft has been Gottomed the 10Th level for
SIX months tn" manag 'm"nt is carrying pur>
increase the by opening up levels and
cutting STOPPING increased output villI
yield per more rock will conc
from the Slopes and less from the development vorI
Nine levels being worked a No. shaft.
MOHAWK
shaft No. c win commence hosting about days
All that IS covering of the skip
ways from the rockhousc the shaft CORFU
gated iron ana some other little details
The mines force has been working rapidly everything
in tn" rocthousc is position crushcr will be
used pending the arrival II the engine
win be run for time parts Nordbers
have Yet been received
The night shift Ma was discontinued Mon
day night and the day shift viii be time
when the shaft will be abandoned The
transferred to No. Sinking stopped at the first
named SHAFT about a half ago and tho holsi
has been kept running rock adjacent The
ground below will be mined from Nos and which i
only LOO leo feet distant
We are in position for some time pre- !
''ous To the closing down the completion 90
the construction that its equaIling in quality
and abundance that No g. which has been furnishing
the best grade of rock that being from the Mo-
hawk property.
RAY CONSOLIDATED
The report for the quarter ending March been
made public ana Is gratifying stockholders.
shows earnings 1869 pounds of
copper which produced q cost per
pound This cost Includes all operating expenses
as 12ls cents per ton treated which applied
The retirement development account The costs
show slight increase the previous period which Is
partially attributed the increase the reserve set
aside for proposed increase In
assessment Of mines throughout Arizona