The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1914-04-27

timately the old company will higher liqudating
value estimated
The report the mill shows that fewer stamps
now in operation only ninety hundred being
used although months should equal
those for grade of handled of
the same value
NEW coRNELIk-
The water problem which has always considered
the greatest obstacle bringing costs has been
solved have been informed AS the country close
to property dry company went
to a point about six miles distant and put down churn
drill holes the hopes developing supply and
in successful, of
veoped hole a depth feet Those
charge thinking the volume of water not sufficient
tinued drilling depth of 12O0 feet without
success second hole down, and showed pacti-
caly the results. Then IL decided the
flow that had been encountered the
point. accomplished by n pump. This pump
operated capacity period days. which
demonstrated that supply of sufficient all
can be developed A shaft is being this
location and is expected will be boomed depth
$50 feet where station will be for putting pumps
+, $50 gallon pump which has been used Oliver
shaft Of the Calumet Arizona will point
To the the mill. 1t is thought writing
that a supply Of 45O gallons a minute be more
than adequate for all needs.
Experiments continue be carried endeavor to
find what method will be economical as well as
make the best method has perfected by
which the company produce copper a of nine
cents a pound
Another experiment is being conducted a teaching
by the suphuric copper the
would be dissolved by sulphurc into
tanks ana the then deposited by
tricty this operation hberang the sulphurc
=. could be used again.
Il If this method being great
on large scale as it shows in the tests it will a
saving Of two pound additional which bring
In more thor
oughly this process. now
being built and complete will be
sary machinery has been ordered
d. II this plant is found all right, a 5000 ton
plant will undoubtedly be erected along the lines.
The suphde will be handled by the foation pro-
cess.
STEWART MINING COMPANY
We get it from reliable that likely
transpire in the should produce a
favorable effect the price security The
same advise that selling way be-
r low its intrinsic value
fight between the Assets Realization COMPANY and the
Ienze interests is responsible for the low
ing made for the stock
an amcabe settlement 1t that Heinze
borrowed from the Stewart Mining company 100000
directors of the latter company calling
the paying OF a DIVIDEND in fact dividend
ton forbidding the payment dividend.
As the 100000 treasury 1,25OOOO
shares issued payment a dividend
no wise interfere with economical the
is sver-ead proposition and located in the dAl
enc district Idaho, and the considerably
above 81 share The treasury balance
cents share and the company has years
blockd out ON its present rate of production.
> During the month February net profits
company $4,000 a production 1900 Of
ORE These earnings alone would nearly
make the ten-cent distribution.
The market for this issue s11s sl asked
NEW ARcADlAN-
This companys 600 foot has entered the
amygdaod vein first encountered 100 found
good grade OF stamp
formation has been opened The footwall
reached The driving OF this crosscut was
OF the fastest pieces of mining accomplished
the district The drift the
distance of 200 feet $50 feet OF this
copper The rich ground opened in
day continued through up to yesterday when a
turn in the vein left the drift high grade material
This has occurred several times
W solved in each instance and the good entered
again The south drift looking particularly
latter part of the week The vein will be opened
sivey at GOO feet at sinking
feet for the driving of probably will
commenced early in May. The finding copper rock
good grade by the 600 foot evidence
gives of we-defned veng carrying excellent
copper values is highly encouraging development which
makes the outlook for the property brighter
before in its history.
At the engineers development the vein in the
New Baltic territory viii not be undertaken until possible
indications of conditions in that furnished by
the continuation OF New Arcadians work Enough light