The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1914-01-03
MIAMI COPPER

e MIAMI COPPER
Preliminary figures pace rro(uction by this com.
pany at rne in 100000 pounds for the past
year approximately the 1912. Had it not
I been for the cave-in % Namis workings this
production would have been increased about 900 Ooo
pounds in 1913.
The eave'n as well as>the increased cost Of doing bust
ness has added nearly per cost Of
production which in 1912 per pound after
allowing the profit precious mens which this
company are very small and ~ cents on
each pound of copper produced
Al the beginning of year. II was hcpcd the total
production for 1913 would the mark and
during November did little rate of 80 900
900 annually II is quite capacity of the
present concentration has been reached ane plans nm
"er way TO Increase the capacity ~ tho installation
additional machines to handle the tangs The handling
of ore of lower grade Than the .average initiated
AGAINST attaining the maximum protection expected
The extraction about 20 per cent and
1t is expected that efficiency he min will be raised
50 that ultimately ~ extraction can be made
The extraction Of the Captain fody which has abont
10000 tons will be started early year, This body
~ {" lower grad" thaa taken ont tho past year The
SHAFT viii be used IN that extraction $40 level
The main hauago level The total have been
increased The although in doing so the averag.
mineral content lowered the added reserve
amounts to over 100000 tons of less per cent Tho
ra,,, q, o - 80. ' VI o'e ave-
e - go wv winch ~ ''e present rate OF extraction
rs sufcicn to last forty years. The necessity of
increasing the mil facilities is quite apparent pro-
'"'"" Is |" be maintained and some OF the low grade
ore Is handled this grade constitutes about one
half Of the reserves
o.
ON handling equal parts high ana low grade n
present capacity. the production would hardly OK
coed 25,oOO.oOO pounds.
win ,r,. ,o,,. ~ -,
for ,o,s Nio,,i ,rn, - ms -" " ''''
dcnd disbursement while - ,.,o -,
ooo was added ~ thu s,rn, az. ~ WV
,. " WV SUI 'S' ''S "aS on ''''S cent metal
A., ,.,,
,,a, >, 80 " '7 ~ ''''''S'" cost III 'o'h4
sLs ,qq +, ,o,. n,,, go " ~ " "'"''"' WIZ
" ~ ''--''" WIS I''io III iSi'
silver PICK CONSOLIDATED
~ company Is P'sh'hs developments at lis properly
~ " i''"t Is sinking the main shaft which has
'"'"e' dep'h of nearly 800 feet
Recent operations have disclosed vein Of goodv d.
mentions although high grade which trends ia
~ " ''"ha"k Dranch Of the Consolidated Company
'Sioerab" nnroSpccted between the SHAFT
ana the Mohawk boundary, and IL is possible some good
"S VIII DC opered M as prospecting is on in
'a' direction This stock sold $3.50 per share in the
""" DAYS OF IN" camp and he purchased for
"' '"''' Genus per share
N"No1N CONSOLIDATED
% ''''e o employees at this property consider
10Y increased Yesterday. and the company now has n
men its payroll compared with IGO nrevio,, 70 ,
trIke
rms iorHo will be greatly augmented the coming Mon
ay twenty-five applications for posiio,s r +, a.
nice They company has recruiting ,heso mon lar
from It's former employees. So about 90 nor cent
oose VIII" have applied have worked At this mine ho
're.
"" actual mining has been carried on for the past ov.
'onths although number men have been emplovod Nv