The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1914-05-16
Gossip Of Market and Mines by Minnear 4 Co.
ISLE RoYALE-


ISLE RoYALE-
For the past two weeks to operate
the milling OF this company on sundays l" TAN"
care the increasing from the mine TINS '"
ton win not he for long the being made at the
AIlouez- mill will allow for portion OF is'
Royaes rock shipments taken of at the latter
mill
II is sometime since the capacity this companys mill
has been axed indicator that we Know
that will the amount of labor that Is aVaapie ]"
district the time Besides setuhg OUT II"
creased tonnage. companies in the district nave
more employed development work than for the past
years
A timber gang is now at work putting No. shaft in
shape preliminary has been commenced Tor re-
building the shaft The Grand Portage lode
is opened sufficiently allow for substantial contrlpu-
uon from this lode soon as the shaft is working a
comparatively small amount Portage rock is now
being hoisted through No 3
oscEoLA-
Production from all shafts brought to daily
North Kearsarge contributing
and 4, South Kearsarse 1900 from
Nos and 2 the latter operating half normal basis and
the osceoa shafts Nos and g. supplying 1000 tons
Fire early yesterday morning partially destroyed No.
old Osceola branch This will not seri-
interfere with production from this branch as will
only require n days put roof the building
necessary repairs The building be-
ing construction the fire intense enough
to iniure the boilers.
ALLoUEZ-
Within a few weeks this company will he shipping the
portion of it's the Tamarack No MILL
which mill recently acquired by the Lake Milling,
Smelling and Refining Company. This mill has not been
operated sometime, and during the it has
completely overhauled and remodeled that now
that of anv
mill The capacity of this Tamaracf No. mill
daily which about the present
of shipments of Alouez. However, just as
this mill goes commission it will allow for increase
production all will be shipped
the Aloez Centennial mill Point Mills heretofore
This latter mill has working capacity for the past
weeks. In last Sunday owing to the accumula
ton of in the bins it found operate
the mill that day, Notwithstanding the greatest efcen
cy possible being obtained the mill completely
the cessation milling last
fall during the strike.
The congestion shipments by steady
increase from all the mines shipping this mill which
includes Aouez, Centennial. Superior and Hancock and
an occasional shipment from Franklin Just as
Allouezs has diverted o Tamarack No.
mill, Isle Royale will ship portion mill
as well allow shipments other
mines The bulk milling facilities will be
This change in Alouez's shipments consid-
cradle to Allouez it will "A saving
cents in the freight charges nearly third
cent pound in the costs 1t increase
inss of practically 20 share annually Alouezs
costs at the present in the neghborhood
pound This estimate is costs for the first
six months Of 1913, when conditions property were
normal and when mine produced $4,000 pounds We
figure that if rock shipments property
creased 500 which very probable would be pro-
ducns approximately 10000 pounds annually with
metal IA and the costs profit would be
about $500 per share annually
HEcLA-
Installation chinery i'm the new No reerndne
plant is progressing rapidly, portion this plant will
into July according to present
plans
THIS portion of the No regrndng plant, which will
first into commission, will taings from the
lIecla mill which heretofore gone out i'm the wash
as only the Calumet branch of the Heca mill
was connected with the No. regrinding plant.
The dredse and balance the No. 2 regrinding plant
will probably be ready duty until sometime in
August This No. plant a model of construction
ana efficiency in extraction well as the low cost in
handling the product The dredge which is to handle the
immense tonnage of tangs available will be operated by
electricity and practically the equipment of pumps
On account repairs
RAY CONSOLIDATED
The quarterly this company was the best in it's
history and showed earnings of sS774I4 These Gp,res
arrived at by figuring copper on basis of 144l cents
per pound These earnings $50 in excess o tho
bond interest and present dividend disbursement
La mi He'd mo-