The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1913-04-26

II is stated stands larger Than at preyiou.
lime in companys history The previous high recoro
vas assoc tons the of opened up DAcem,,
a. 1910 so thu, made report
a presumed the stands very near n.
million AS the ore reserve In 1911 no ON
tens the Increase for the past year !,
round numbers been about 100000 tons afs,
4o5 GOO tons been extracted and treated.
The date equal TO about and one
half years of mining at he same as was taken ON,
in 1872 without any further development work
The net earnings year sls.O7ls or hot
ter than 50 per share and exceeded the figure.
which were The for the four years by abop,
s6nO 600 Another o The report the fact I'm,
the costs lowest for the past -four year.
Notwithstanding the wages of sinking IN.
Granite Mountain shaft and the develop.
men work which charged the cost o mining NJ
course in the precious metal values found
in treated during the past this low
cost possible reality amounted about 4.s NJ
cent per pound
smclter arrangements made the past year "A
that nov company copper through IN.
United Metals Selling company. whereas previously The
sold direct the smelter This will bring abou,
considerable saving North Butte though IL win n4r,
carving greater cash reserve 10
finance The copper until II is sold.
The Granite Mountain shaft has attained a depth Of
| ahont 2,a5O and Is connected Specnaor
| workings the 1S0o and 1000 levels while crossau,
have already from the Spectator workings
ON the 24oo and $500 levels with Granite
Mountain shaft when il reaches this depth There has
always been less adverse comment regarding
Moth Hutte . shaft mine the complexion of
the Granite Mountain shaft the 1900 level will eliminate
This they viii fun working shaft.
which viii enable the company largely increase IN,
amount of underground with the exception Of
mad he
even now be made 10 do duty and keep production
case of accident at the Spectacular shaft
one reading the report can readily realize ha:
North Butte has considerable undeveloped territory
which mas been increased the past year by the addition
q; two new claims and option taken partial pay.
mtnts made several complete informant ton OF which
will ne given deals closed
The most nofthery mentioned the annual reror,
as being developed rho snSwban. and tina, only to a
very small this divides the prorert;
north and south it understood VIVA, posi-.
hiItes the future the northern half o,
this property.
I HEATING
We get ii from what consider reliable sources that
kea,nss earnings month of March oyer
10000
! They haV" been eudeavorins ship just enough 10
ray al expenses. the feels that with the
rail facilities promised some time ago. a greater
| profit he made then by large shipments with
the present l2-mle team haul.
! The right way railroad was graded some tim.
ago, hit the railroad promoters failed TO se their
hence tn. indefinite delay effort is being made
10 dispose Of enough bonds capitalists
plee the railroad, even il the present promoters
not successful in raising sufficient funds undoubtedly
CHEERS VIII do and The road should completed th.
summer
During the month of March % cars OF ore were
ahpred 10 the smeter that averaged $50 in gold
Ter copper
The shaft is bottoned a depth of 500 feet at which
pon' 400 feet ri drifting has There 900
'"e OF lateral workings the zoo level as welt o.
which Is in very good ground About o. men are b;n,
railroad the management should in position
demonstrate the value If the property
MOHAWK
Work in the No shaft has been suspended temporarily
" '' I" 'a'iha'e construction work at surface where
+ new shaft house is being erected The men with te~
exceptions have been assist the trammers
o'her shafts The shaft probably he OH, Of commits.
sion FOR nv" six weeks in which time the WISCONSIN,
'idee Iron companys expected to complete the
"i' an" turn II over tho ma cement The usual
daily tonnage tons of rock win no make IN by
! an increased output the other shafts
INDIANA
TINS company has placed diamond drill In operation
" ' i'oo-foot level at the vertical shaft for pur
e OF determining the proper direction in which the
'oScnt should be driven reach the lode Az the din
' formation was recently found to he comrletely
Il ' 1t was deemed wise to learn much as possbf
" e conditions OF the ground before beginning cross
~ ''' 'he famous mineral bearing ~ fesite More
over " Inc strata for the last do not correlat'
correspond with those the cores of Nos ana holes
', mas been thought that the diamond drills as is often
' case were detected from the course on which they
i started ana that the fese body carrying the cop
PEI 's some little distance away