The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1913-03-29

A when foreign countries were
drawing principally their reserves the figures for
corresponding month March, showed exports oil only
a little 5s,OOOOOO pounds.
NORTH BUTTE
The steady absorption investment that has been go
ing on in this issue past manifested itself
this week with a sharp advance of over two points on
Friday.
The annual report which is expected early In April
should be reading North Butte stockhold
ers in long time. The latter part of the year 199 "a
cost of close to per pound obtained while
that in the early the year ten cents
per pound due the fact that lower grades
handled during the first six months of the year
than in the last six months
1t expected figures will be almost as
previous reports for during the last year
number the veins developed above have been opened
up on levels, which big tonnage can
be extracted.
official figures the production. it is predicted,
will very close 26OOO.OOO pounds 1t is very hard
figures for the Butte mines
like the majority of the copper companies in as much as
they do the monthly production
Assuming that the sold at average price
North Butes profits for the 1912 should
we'll sl5OOOoo double the dividends distributed
stockholders
Even copper metal sells low 10 cents which at
writing very remote. North Butte could EASILY
tery. Undoubtedly the dividend would have increased
during high selling for copper had been
proposed overhaulng their
lator shaft
SOUTH LAKE
Shaft sinking below a depth
sumed after cutting plat this depth preparatory
prosecuting Further plas will be cut the 400 foot
and 5OOfoot levels these depths attained
The shaft sinking the about feet month
!
lately, before information concerning the dip and
strike of the big amygdaoid. originally
ed the shaft depth 30 feet. This in
formation will be obtained by diamond drilling two hor
izonal holes starting from the plat this level This
work progress Neither holes is
expected exceed a length feet,
diamond drill be operated concurrently the
drills working in the bottom the shaft,
weeks time will probably be consumed this work. all
of which before prosecuting is actually
started.
| FRANKLIN
crosscut is being driven the level
purpose of exploring the so-caled West Pewabic lode
The has attained a length $50 feet and
should inersect this lode approximately l75 The
West Pewabic lode opened the 4th
several without showing way OF
commercial copper ground pits shall
low shafts also this Saint
quite favorable surface petered depth
In the Franklin where the showngs
and better ground is obtained DEPTH there hope
for the development of commercial ground 5000
The hope is based improved conditions noted at depti
in the main Pewabic lode. which opened to
depth of $500 feet copper ground of com
mercal grade below the 1000 generally TIL,
drifts the 35th this formation show contin
uance of the rich shoot first noted the This
shoot which starts at point several hundred
of the No 1 shaft the level being opened h,
drifts north the 26th 2sth and levels and b,
drifts both north and south the 35th levels
NEW BALTIC
This company has encountered copper ground o som
promise in what is thought be tho conglomera
bed The showing in the end of the
on the foot point approximately $50
the About 90 of copper bearin,
ground has been opened at last reports The deposi
occurs along the apparent contact of the conglomera
bed with the everything amygaod bed and far
be told from the limited openings made carries
on this contact This congomerate formation is not t
e COMPOUNDED with Albany conglomerat
S upon which the Franklin Mining company operated II
earlier years, and which bed lies far the
conglomerae. just opened In the New Baltic acreage
Drifting Immediately The crosscut whici
has attained length of 1890 feet will pushed west
ward to ntersect copper bearing anygdalod prevous
: disclosed in diamond drilling Crosscutting and drift
ing will be carried simultaneously. The shaft remain
of bottomed at depth OF 500 feet
= DAVIS DAILY
one the important developments has been mad
y in past days the i,,oo level of the Hespcru
claim, about 400 feet southeast Colorado shaft
of glance bornite encountered
simultaneously with this good the report tina
he body wide two-thirds Of which Is
IN glance. has been opened M on the 10th level