The Calumet news., 1914-02-21
Gossip Of Market and Mines by Minnear 4 Go.

he kear
lode AS as it can be done expcdently drifting win
he started this Ccnglomerate recently encounter,
one fourd with this congomerate whore worked
ON the upper levels bad condition of the hanging
wall being TO several vein matter
on the hanging side in order To cavng unless
prohibtiye amount OF timber used on upper lev.
els the better values be found hanging and
the that the vein be operate.
prontably. AS have the character
hanging this 1920 level, but 1t is hoped 4,
! be soid formation allow the extraction
Of the full wiGth OF the
1t behooves shareholders Of Franklin to prepare for an
for undoubtedly be called very shortly
The early part of September official the company
stated that Franklin had $4,000 cash and pounds
unsold copper He further stated that treasury then
immediate of funds but he did not state
what the notes payable" outstanding that time were
We given to bell we that Frankns present obligations
in the neighborhood of 100000 seem rea
sonable expect that If called it will be
at the rate of s. share. Two of a lk.
amount called zone in 1911 1912.
WlNoNA-
Winona started No shaft this week. Production has
been raised $50 daily considerably than half
of normal Most Of the work is in No. shaft ma
chimes being divided in proportion of about on.
between The shafts No regular drifting progress
in either shaft In No stoping is progress the
done the Sd the i5, though constant
y The fire in the north drift of No. level days ago
did little damage Work is again in progress there. The
underground force numbers about considerable
number of strikers deserving and re-
turning work Tramners mostly being secured from
outside The labor situation looks encouraging
to the management than any time weeks
COPPER RANGE
rho
company in the effort to iestore production a
basis the shortage experienced Trammcrs
are plentiful and have been coming in in such large
hers that now only the best workmen among them
hired The Lithuanans counted among the companys
most valuable employees, have been pouring in
ncsota camps to which they the outbreak
strike and have been bringing others their countrymen
with them until the Colony nationality al
Champion numbers about $50; 100 than before
strike. THE night shifts smaller day
all three mines Champion needs about $50 underground
men, Trimounain and Baltic about Though un-
limited numbers of trammers available, they
be added in proportion as miners are secured Daily
ducton $500 tons Champion
and the remainder DIVIDED between Baltic and Trimouna
NEW ARCADAN-
The vein recently crosscut driven east from
the shaft maintains its values. Drifting
on for the past days this showing of
contract was let for larger hoist which expected be
installed in about four weeks The
ed its capacity when the shaft attained depth $50 ee
The new hoist will handle skip carrying load of two
tons from depth Of about 1900 likely
sinking will be resumed the tapped
cr levels The activity of the has delinquent
TO pay the last assessment and the
pie funds with which to thoroughly up thc from
all angles.
ISLE RoYALE-
This property is progressing steadily toward a resump.
lion Of normal production Tonnage is increasing weekly
by bounds Shipments average close o 1,2OO tons
daily as cojmpared with about weeks ago With
the addition of night wedne sday tho
mine has three shafts producing nearly Repair
work is still IN this shaft will be
supplied with day been placed i'm
condition for hosng. night crew is later added
WI" be but short time before production of 1SOO
Iaily is attained Men being added underground
rate No development progress
shipments are from the Isle Drifting on te
'rand Portage probably will be as pro-
lucon approxmating normal reached.
JUMBO EXTENsIoN-
market is being MADE this issue. presumably by
hose who have recently taken over the contro, and
gement Sales have recently been made above thirty
ents share, while a few ago the stock went
eggns at IL to Il cents A possible the
ance is the taking of additional claim adjoining
ne companS's property. which is called the
was secured from the Godheld Merger Company. The
umbo management developed vein foot level
men led up to this Velvet Claim hence
uisiton of this additional territory
The capitalization of Jumbo Extension
G permit for the payment Of this in stock An
cement was also made with the Golded Consolidated