The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1913-09-13
Gossip Of Market and Mines by Minnear 4 Co.
CoRBiN COPPER

coReN COPPER
From what learn, this a speculation
offers great possibilities Important developments
expected the Rochester property under option ny
the company.
This properly is located Granite Mountain County,
under option by Corbin Copper the early
part Of the year. depth of
crosscuts being from this
level to inersect the vein has already
tered at point about feet from the shaft samples %
which assayed per cent In sinking the 400 the
800 level the ground highly mineralzed and if the
found be rich the work far would indi-
cate there st hopes Corbn Copper being sue
cess from mining standpoint Adyices are expected
any day encountcJng of the vein the 500 level
this property.
the Gambrnus property in the Butte district, the
shaft which beiug has reached depth of 200
feet When "A depth of 50) feet has been attained. ii is
the present plans Gambrnus vein, which
is being prohtaby mined the Anaconda company the
east, although results expected from this
property until a depth of 12OO feet has been reached
The option the nine claims in the Rochester district
does not fall until March, which time $4,000 is
value Of the property before making the final payment
Corbn Copper which the assessment is unpaid
advertised during the past week, and all stock
which the assessment has not been paid october
9TH win be sold on that date.
This company is capitalized for 10000 shares Of
which 10000 o a par value $500 the
time first ISSUED $500 per share paid,
aud since then seOo addition have been called
CALUMET & ARIZONA
The directors of the company who have been visiting
the properties owned by the Calumet Arizona well
those held under option will time the middle
Il week. No official obtainable in
neia property. fact just possible decision
viii DE days IF this month.
Iisbee people very confident the value the
New Cornea property and feel satisfied that when the
findings of the ana laboratory given out
they will demonstrate that this property is winner The
people backing up their opinion with a great
deal floating held this locality
Of it purchased recently figure above $3.50 per
share
II will probable De the first Of the year before
the Junction shaft will shape furnishing
portion of The earlier plans called concreng
collar 10 5OO level it recently
been decided extend the concrcng the 1900 level.
which together with the necessary work concretng
tons. etc. will this working
of any the country This concretng will reduce
the maintenance of the shaft and will allow fo
TN increase in tonnage. which together will lower the
hoisting this branch considerably
Production for the month of August 9.25O tons or
on increase of $50 tons the July figures
the output September viii show material in
the figures In fact the production
gradually getting back that attained before the
smeer blown ln and the little difficulties
tered the plant overcome this output will be
gradually increased
When working Ia capacity, it is expected the smell
will be able handle 5000 of daily and al
Shattucl Is M tons da
and figuring a basis per Calumet Ar-
will ultimately be able TO increase it's output to
something 800 tons monthly
While little is said about development work the
Hope and Wagner claims, be showing n
oouragement force employee this point
in development work.
NORTH BUTTE
This issue which usually the leaders.
inclined of late, probably due the
statement that the directors contemplating stock
While officials of the recent regard
ing the of the proposed stock issue.
sured forthcoming
Evidently the North Butte directors believe in the
ranslon policy for during the past the
ranys engineers have been securing options all the
available ground in the southeastern part of the Butte
camp, that of it that could be secured adj
vantageous terms So far options have been secured
total of loo and considerable outlay has been
obtain these options Whether all of this
property will be annexed to North probematicaL
However the general impression options
obtained with this in view
Just possible the property will be secured by
the payment of North stock it would that
if the issue he open participation by the
North stockholders the price of the shaies
would increase rather than drag it has doing.
The North Butte company is capitalized for coo OOo
shares which 10000 in the treasury Tho ast