Show nevada hills report the net profit of the nevada hills mining company for the month of september according to the report issued by C F burton secretary and treasurer was during the month linear feet of development work was performed the report of operations is as follows amount per ton tons milled 38 toss loss in tailings recovery 33 5 0 5 6 3 i tess net costs cost s net kropt the financial statement of the company at the close of the september business shows the total resources to be with no liabilities DOUBLE DIVIDEND FOR CALEDONIA special correspondence wallace idaho nov 9 directors of the caledonia mining alining company at a meeting in this city recently declared the regular monthly dividend of one cent a share on the outstanding capitalization of shares or and an extra dividend of equal amount which will make the disbursement bur for the month the reorganized caledonia company declared its initial dividend of last month and the recent declaration brings the total to the books for the october dividend were closed october 25 and the payment was made november 5 an official report of the caledonia company shows a surplus of and states that the net earnings for august were and in september they were with but thirty men employed in the mine with lead at 4 cents a pound and silver at 56 cents an ounce the management estimates that fifty men could produce enough ore to increase the monthly net profit to the caledonia ore is regarded as among the richest produced in the coeur calenes dA lenes the shipping grade running 30 to the ton and the concentrates from 60 to the ton A car shipped recently from the foot level ran ounces silver 17 per cent lead and 7 per cent copper to the ton and another car from the foot level ran ounces silver 52 per cent lead and 1545 per cent copper the property now is fully Ov developed eloped crosscuts Cross cuts have been driven blocking out an immense reserve and enough have been opened ready for the ore to be extracted to assure a continuous output for an indefinite period between the lower workings opened by an upraise from the long kellogg tunnel of the bunker hill and sullivan and the upper workings is feet of ore while a new shoot was opened recently on the foot level this gives not less than feet of ground and when the ore is opened on the kellogg tunnel level it w will ill give an additional depth of feet on the vein the caledonia company is operating ing at less expense than any other in the coeur calenes dA lenes the mine is operated through the bunker hill and sullivan kellogg tunnel which eliminates hoisting and drainage is provided in the same manner no pumping being necessary to keep heep the workings dry and a haulage right has been secured from the bunk hill company mine transportation to the that reduces the minimum manager charles mckinnies McKin who has been in charge of the property since 1907 plans to open the mine from the level next spring and should ke kellogg blogg tunnel the metal market increase enough to justify it the work will be started this winter |