The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1913-01-11
AHMEEK SHOWS COSTS OF 7.87 CENTS PER POUND
AND net EARNINGS OF $1,52OOO0 FOR YEAR 1912
the Profit Being
PerS and Cash
Surplus Increased $42oooo--Gosp of the "Coppers'
by Mnnear & Co
by Minnear & Co.

cut ON the 2iOO The north crosscuts both the
2GOO and levels being advanced rapidly as
possible. the the $500 level is
enough north pick up the SNOWFALL vein.
The management basng great hopes OF the Snow
ball vein taking place the Edith May point OF
richness width developments certainly
very encouraging for it to do There has been split
In the Edith May the levels and not
what the upper levels The management, wc
told, does intend to do any drifting the veins
cut either of the north
levels a time.
The Granite Mountain shaft is boitomed at Il depth of
2O7j feet according To present intentions it will
be sunk depth of 2ioo Eventually this
Mountain shaft will be second working shaft though
II will take the best part of eight months which to
get IT down TO the POO level and shipping
stations the 22O0 levels. therefore means
that the life of the Spectator present condition
must be- extended that length of time before allowing
for rcmberng and general overhauling proposed
North Buttes report fo the year
ending December $lst viii be issued the early part
April Il is going be very gratifying will an
increase in ore reserves
SOUTH LIVE OAK
According Geographic adylces received the past week
at the home office Of the company at Milwaukee from
Manager Mcclure South oaks hole No. passed out
of values at depth Of GS5 feet; after drilling
through 80 feet Of ore averaging better pounds to
the ton. The present depth the hole is 500 feet
BUTTE & LONDON
At the stockholders meeting recently held at Phoenix
arizona the contract with Mr. Thomas Cole and as
Scciats for the working Of the property ratified by
'h' stockholders
II calls active work 10 be started within ninety davs
However AIR cole before lo,,,r,, ,,,, 10 ro,o, =, -,
said that a hosting plant win no installed o, once ON,
,'''''' VI '"' property as called for in the CON
'''' WIN o' started as soon as possible.
,,r,,, -. I'm " " N''"oo" De-
r''' nus Oe'h started rms shaft viii de-
@ ~ 'o''' oy MI Cole and his assoc-
''S to inc "'r'o ana tn" Butte 4 London shaft Will be
used in exploring the moro southerv claims
1t Is further understood that he close to 100000
' ~ spent III developing the Butte & London property,
'' per MS contract For this Investment. obtains 5les
nv" '"'"P'"S organized I" take over Butte q London.
" '''V'0O0 ~ u'e valuation OF 5l'o he is paying
" S per snare Tor ms Butte London.
'e"N'-
uors have been that property Is TO cease
operations However it is far from the FACT m tho w.,
agement has outlined plan of deycIopment tbat win
months 10 comnI,t ana, ,,, -. '''' wiz ''Ne
ample funds have been raised f., carry 80, a., ,.'.,
"uSea tn' rumors was the laying off of a few men ,t
the property owing to the oisconnuonco IF t ,aa,,.
that were used in drifting ~
At No / shaft thew have c,ss,,,,,
1909 level and are PREPARING 70 ,,, "
from that point The raisa in I'M, ,,o,,,,, -. -
from, a. ~ !" the Ioo'"aIl at No shat.
counterel the lode. Considt r,be sniff ,.,,, ,
encountered and mberng is now in progress diapord
@ WIN De drN'n from the face OF the uprase 70 the
% before The resumption raising The lode who're rt
." '' 400 level at No looked very good accord
ing to advices Co., "N''''-
tAth