Show IDAHO the establishment of a new postoffice post office to be known as cai bonite has been authorized W B kane has been appointed postmaster and the mail will go in iby by way of wallace the big force of men at the ray jefferson mine will be served by the new office as will several smaller properties along beaver creek the federal mining smelting smelling company of wallace paid its regular quarterly dividend on oil the ath dinst it was at the rate of 1 cents per share or vz 12 cent more than was paid the preceding quarter and totaled it brought the companas comp anys grand total to 15 of which has been on oil preferred stock frederick burbidge of wallace is general manager for the company the frisco mill taken over last fall by the tamarack custer consolidated mining milling company of wallace is now running full time and is doing excellent work many changes have been made in the plant to meet the requirements of the tamarack ores the two mile aerial tramway recently completed is also running like clockwork harry stewart is mill superintendent in the ore reserves in the mine have been opened up in such a manner as to insure several years steady operation of the plant the first payment on oil the property of the douglas mining company on pine creek out from wallace is due on march it ani amounts to and it is said that about half of the sum is covered by the royalties paid to the company which apply on the purchase price the ground is under bond to the anaconda copper company of montana shipments from the property during february averaged about tons a day and are being gradually increased A wyman secretary of the douglas company states that shipments during 0 january totaled tons the empire copper company after four months experimenting with the ores of its property located near has worked out a satisfactory process and work will commence on the construction of a milling plant the present month it is expected that the initial unit of fafty tons capacity will be finished within sixty days the company has recently installed new assay office carpenter shop warehouse and loading platform and will soon construct new boarding and bunk houses at the cossak tunnel the management is preparing for heavy production the coming summer fred H vahrenkamp of salt lake is consulting engineer for the company |