Show IDAHO the federal mining smelting smelling Sm elting company of wallace under the management of F E burbidge has declared a dividend of 1 per cent on the preferred stock payable september and calling for a disbursement of this brings the total for the year to and the grand total to date to 0 R wallace who is managing operations at the duluth minneapolis property near monarch reports that the compressor building has been completed and also the concrete foundations for the new machinery the compressor and motor are on oil the ground and are now being installed the mine is owned by strong minnesota interests it the lookout M M company operating near beeler under the of J J love has opened a sensational showing of ore in its crosscut tunnel the ore was found in an eleven foot ledge and is a crystallized lead associated with sand carbonates bo nates values run from 10 to 20 ounces silver and above 50 per cent lead the company plans to at once run a lower tunnel which will cut the ore shoot at a depth of over feet A H featherstone and associates of wallace have bonded the property of the teddy mining ia milling company located a mile and a half from kellogg and comprising eleven claims A compressor is to be installed at tunnel no 3 and work prosecuted through the winter this tunnel is in a distance of feet and must be extended another feet to reach the vein values on the ground are in a lead zinc sulphide running about 15 per cent in each metal supplies and equipment have been sent to the property of the excelsior mining company situated near burke and work has been resumed on the lower crosscut tunnel this is now in a distance of feet and is expected to cut the vein within another feet the property is in the same locality as the great western champion and other producers and is expected to develop into another shipper for the burke district thomas ryan of wallace is president of the company |