|Save page Remove page||Previous||1 of 2||Next|
small (250x250 max)
medium (500x500 max)
large ( > 500x500)
Loading content ...
Skillings' mining and market Ceitcr PUBLISHED EVERY SATURDAY MORNING VOLUME III. DULUTH, MINNESOTA, JUNE 20, 1914. No. 4 | FINE SHOWING IN EDITH | MAY VEIN, NORTH BUTTE ;j: MINE, ON 2,800-FT. LEVEL J »»'t"i"}"i"l'»'I"t"i"i"t"t"t"M"t"t"I"i"t"I-i"}"l"t"I"»»<H' A dispatch from Butte Thursday stated that the Edith May vein in North Butte mine had been cut on the 2,800-ft. level, and that it carried three feet of ore running 5 per cent copper at the point of intersection, but the Mining Letter has information to the effect that the working cut 3 % feet of ore that runs 12% per cent copper and 13 ounces in silver. It is possible that there may be no official statement concerning the development on the 2,800 level in the Edith May vein until the quarterly statement is sent out in July, but the readers of this paper may rest assured that the latter announcement is substantially correct. That the Edith May vein is showing such good results at depth is a matter of much interest, if not great importance, to all operators in the Butte camp. It is another demonstration of the already established fact that the veins of he camp carry values to great depths. The developments which may occur in drifting on the vein at this depth will be awaited with much interest by North Butte stockholders, and by many other people who follow mining news. North Butte directors last Monday declared the regular quarterly dividend of 50 cents per share, payable July 25 to stockholders of record July 3. With the payment of this dividend North Butte will have paid $29 per share, and making a total disbursement of 511,685,000. ■ 7 • * r* *** *** * ** *"** **"* *v* *** ***" *i* ■**• *■**■ ■*♦* ****** **■* *■*"* *■** *r* **"• **** *"** *** * I* ■*■** *■*"• *■** **■• *■** ****•"* | WHEN E. M. FOWLER TRIED J TO FORCE SALE OF LAND J KNOWN AS FAYAL MINE $ The late E. M. Fowler, fee owner of the Fayal mine at Eveleth, one of the largest iron mines in the world, years ago tried for months to sell that particular acreage to the late Temple E. Dorr and Simon J. Murphy for very little money. The men were all Michigan lumber and timbermen. Mr. Fow- vv*X"X"H" 'WW liUT-TE- ^7 The announcement this week ALEX SCOTT that North Butte has cut the COPPER CO. Edith May vein at 2800 feet and has opened up an excellent grade of ore is news of much interest and importance to the management of the Scott mine. President Hugo says that the main vein in the Scott mine is the Edith May, so that the developments on the vein in North Butte property at great depth is a forecast of what the Scott management may expect at similar depth. In the meantime the work of sinking the shaft from the 2,000 level to the 2,100 level is in active progress. Though much ore has been opened on the 2000 level, none has been mined below the 1900. The High Ore shaft, a near neighbor of the Scott mine, is down 3450 feet and producing good ore. The developments in the immediate vicinity of the Scott mine bespeak for it many years of successful activity. CALUMET The combined production of & ARIZONA Calumet & Arizona Mining MINING CO. and Superior & Pittsburg Copper companies for the month of May was 5,495,000 pounds of blister copper. The Calumet & Arizona's new smelter is running smoothly as a clock. Shattuck production for May is given in a separate item in this issue. ALEXANDER M. CLELAND General Passenger Agent of the Northern Pacific Railway Company. ler had accumulated quite a large acreage on the Mesaba for the timber, and he offered it to Mr. Murphy, who referred him to Mr. Dorr. The entire deal involved about $105,- 000. Mr. Dorr caused the timber to be estimated, and agreed to take it all except one tract, where, he declared, the timber was light and scattering. But Mr. Fowler insisted on putting in that tract with the rest and that was the rock that the trade split on for months. In the end Mr. Fowler gave in, and sold all of the land except the tract which was objected to, and in which tract in later years was developed that great iron ore body which is known as the Fayal mine. Mr. Fowler's income in royalties from that tract, objected to by Mr. Dorr for the scarcity of pine, has amounted to millions of dollars. In a single year of heavy shipping from the property he received $400,000, which represents a season shipment of 1,600,- 000 tons. The late Mr. Fowler built, and his estate still owns, the Freimuth corner on Superior street, Duluth. f JOHN A SAVAGE & CO. WILL f f OPERATE HIGH GRADE IRON ;!; I MINE ON THE CUYUNA RANGE f V V Four or Ave blocks North of the main business street of Crosby lies a deposit of not less than 3,000,000 tons of high grade Bessemer iron ore, occupying two forties. The property has been leased to the Merrimar Mining company, of which John A. Savage of Duluth is president and treasurer, and it will be developed and operated by John A. Savage & Co. A steel shaft is to be sunk at once, and the property will be developed for underground operations, and enter the shipping list next spring. The property is described as the South Vs of the Southwest *4 of 1, 46-29. One forty is locally known as the Hans Anderson farm, and the other as the Chisholm-Williams forty. The overburden is about 90 feet on this property, and the ore deposit averages over 60 per cent metallic iron, and .034 phosphorus. It is the highest grade Bessemer deposit that has been discovered in the Lake Superior region in many years. The deposit is remarkable in that it is all Bessemer ore, there being no interbedded non-Bessemer. Samples of the ore run as high as 69.52 metallic iron, whereas 70 per cent is pure hematite. John A. Savage of John A. Savage & Co., and of the Merrimac Mining company, formerly was manager of the Shenango Furnace company's mines, and resigned last spring to engage in iron mining and mine development for himself. He and his associates own a very large acreage on the Cuyuna range, and it has been appreciated from the time that Mr. Savage became interested on the Cuyuna that he would be an important independent factor in the ore industry. The new iron mine in the village limits of Crosby has not yet been named, but will be soon. The development of this important underground iron mine will give that coming city a fresh and permanent impetus. POSITION First hand copper is being of- OF COPPER fered on the foreign market METAL at the equivalent of about 13 %c a lb. The larger sellers in this country are asking 14c a lb., but report demand exceedingly dull. Buyers here continue their waiting policy and are takers of the metal only for actual requirements in sight. EXCURSION POSTPONED. The excursion which was to have taken place tomorrow, to the Cuyuna range, under the auspices of the Cuyuna Central Iron company, has been postponed as the Soo branch line from Iron Hub to the company's properties is not yet prepared for passenger train service. Announcement will be made later of the date of the postponed excursion. The management of the iron company aim to make this excursion one of the most satisfactory in every respect that has ever taken place to the Cuyuna range. 1 30V H ■c-j
Skillings' mining and market Ceitcr
PUBLISHED EVERY SATURDAY MORNING
DULUTH, MINNESOTA, JUNE 20, 1914.
| FINE SHOWING IN EDITH |
MAY VEIN, NORTH BUTTE
;j: MINE, ON 2,800-FT. LEVEL J