The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1914-06-06
THE M ETAl =

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dealers shade prices This week. Is
reported 400 900 tons were sold lSc cash. which is
equivalent thirty days which are the usu
terms
During the latter part May. it is stated, 2ooooooo
pounds of copper contracted for around l4A cents
but we must periods like this in order to take
care of the months production.
The fornightly fgures again showed an increase ana
since February st European copper hand increased
nearly 5oe For the two weeks ending lst the i'm
crease i'm the European stock hand 2OS6 TONS ana
their visible supply reported as S2,iO1 tons
figures which win be announced the ear
y of coming week. quite likely to show large
copper hand in this country but
Notwithstanding trade conditions are not promising, our
copper producing worrying about the situa
ton. belief that they will be able to move
copper any time they around IA cents
CALUMET & ARIZONA
Manager Greenway has been quoted as saying
that this company spent of ssOOOOOO on the
property in the Superior the results have
not demonstrated anything value although the property
developed along the lines suggested by Mr.
Greenway and he hopes that eventually ore of sufficient
quantity to at least repay Calumet Arizona for the
money spent will be opened up.
In addition the development work the Florence or
Superior district property Calumet Arizona has
men Copper Giant property in the
consists drilling along of the
property. Considerable tonnage has shipped from
this drilling is with the expectations that adj
ditonal bodies will be found further reimburse the
parent company for the money outayed.
At the Calumet Arizona Bisbee property improve
ments icing with the equipment
Junction shaft. This is in the nature crushing plant
that being installed, which
ing of greater tonnage of the suphde
MOHAWK
company got an output of sSS tons of mineral
for the month of May which higher than the average
months production during years 1872 during
ducon is proof enough that this company again back
normal working conditions
able mass copper which was mined did show in the
last months production and if it had been shipped to the
smelter the month just passed would
ord of the banner month. when 755 made
The new working schedule which inaugurated the
first of the is being found work very atisac
tory although is bound bring higher
all the companies. In all likelihood this will
mines working normal The mines have operat
ing to capacity for such short length of time
almost impossible to get line what the
costs per pound will be for the year the
for the past few criterion Those most IA
mliar with maintain that the district generally
snow ABOUT p cent higher costs compared with
when everything working normally
Mohawk in produced copper 1861 cents per
pound allowing for the costs it
ly IL cents and Ia metal market Mohawks
ngs at the present rate of production would
per share annually Mohawk's mineral approximate
ly 7OPa refined the May output
which eSS mineral the annual production
would be 1i,5OOOOO pounds.
According official of company plans formuat-
ed by the previous management being in
that No. shaft is being eliminated a producer although
this shaft will be left in shape it can be used
any time it would be necessary.
The for disseminating shaft is because
OF the nearness of this shaft both No No 4 and
the fact that the surface equipment at this point
what antquated Both Nos and shafts have been
ried down point much deeper than the bottom OF No
and the ground latter shaft is be-
ing taken The short distance shafts
enables the working of all the territory contiguous No
through Nos. 2 and 4.
At No. shaft which directly north of the All
meek, attempt has production Only
three active Slopes are being worked from this shaft and
small skip and single skip road Everything
is IN readiness at this shaft to get tonnage
any time it may be necessary but owing to the immense
tonnage opened in the older shafts the
evidently in hurry get larger output this
point, and furthermore the company's mill is
at its maximum. This mill, like nearly other mills
the district has been forced operate Sundays order
to handle the rock that accumuates during the week
1t the SOth present month that Mo-
hawk declared its last dividend stockholders are hope
full that action will be taken annual per-
i2d now approaching While it is hardly to be expected,
owing to the lower price for the metal that the
which paid year ago. will be maintained a dividend
OF lesser amount will be welcomed by stockholders
KEWEENAW COPPER