The Calumet news., 1914-04-18
rcNopAa vlcroR-

Ntgh oi
and ,oge,hcr with required distance for sump it VIII
,, ln, mint, days more An extra shift of miners WAS
put on regenty thar three fun crews are being
,yo~l -.
Al the SOC level pump station viii be cut and large
prp installed as considerable water will be
encountered at point quite likely that this shaft
viii drain the Tonopah and Tonopah Midway prop
critics as this wi the deepest opening in the imme'
stc VICINITY
II IS expected that only crusscut viii be required
To- reach the vein on 1900 level there should be i'm
portant developments this property within sixty days
JIM BUTLER
II is .,ported this company earned $4,000 during the
month OF March as compared ssooO in February 1t
quite evident from these that this company has
mine o. Irrespective Of the outcome Of the West
Ind controversy over certain veins.
shipments are being Increased through the opening upl
of two slopes on the level, this being hostel
through the Queen shaft one Of these Slopes is on
the new vein which deyelorments have proven tol
DE branch Of the South The vein is from 2'a to
feet in width and OF n very good grade.
CANADA COPPER
The extended time for depositing British Columbia stock
for exchange Of stock in this company will expire April
9Oth IN circular issued. the management urge
all stockholders the exchange and in doing II
stated it will conserve their best interests
We understand that more than 100000 shares have al
ready been exchanged total approximately 6O9
shares quite likely this amount viii be grea:
y Increased the few days The bond issue which
was underwritten viii place the company hnan
ciul position
According to The annual statement, company has
about two years opened During 1913, this
produced S35IOOO pounds of blister COPPER AMI
the only working about S2% Of capt
city This brought about high costs, and # is hoped
that with the floating debt cleared mp and sufficient cap
tai additional ore opened up the smelt'r
kept in continuous operation its capacity This proper
ty been handicapped by the lack of funds for
time past Additional properties have been taken which
called expenditures OF 100000 payments and deve
work i'm the past two and at present the
pany has a very promising
Some Of the being developed low grade and it is
proposed install concentrating plant handle this
class ore.
BUTTE ALEX SCOTT
1t has been estimated this company made a good prolt
from it's last months operations yet fig
urcs have been announced. Recent shipments made
have been averaging very SO copper openings
at the mine showing up much better
on the 1000 level the vein both and west show
ing three feet of first ore
the east drift has four feet of second class
CHIEF CONSOLIDATED
There is absolutely nothing
in this issue. Everything the property looking very
satisfactory and there is every believe the
company will encounter high grade punches duns
the year, which will make greater earnings.
The property well equipped heavy expenses
of the that any increase earnings
applicable dividends The companys acreage now
the largest o mine in the camp the
center of the mineraaed Development
posing tonnage in of that being extracted
cordng Official of the com'anv. conservavely
estimated the company has life of twenty years with its
present property.
While ihe profits great during 1912 when
SO many Of the openings high grade ore il is ex
perted that the ten annual dividends will main
tanned from handling the grade always
that possibility of duplicating the showing by opening
up rich slopes
The net profits for Jauary 81 $9965 for Fen
expected they will at least earnings for Febr
airy.
iNsPIRATioN-
Development work at this property progressing at
rapid rate In fact, made the past month
when l033O feet of openings were driven
The experimental oil notation plant is nearly
ready for operation, and comparative test will be made
between this and Harding mill as soon as the latter
is received and set up. From experiments we nm
dersand that high 900 recovery has been made If
Sthhg near this recovery be maintained with large
pant low grade concentrating will be rcVoluonzed
Notices have been mailed stockholders of the now bopa
issue These bonds convertible stock at s25 pe
"a u1 will h.