Show late news from northern idaho SPECIAL correspondence wallace ida june 8 in pursuance of its recently announced policy of securing new properties to prolong the productive life of the corporation the american smelt ing refining company which controls the federal mining smelting smelling Sm elting company operating several properties in the coeur calenes dA lenes has taken over the north star triumph groups of lead silver zinc claims new properties and the acquisition of the north star triumph groups Is the first result of his activities mr estes stated on his arrival that he had been examining mines in southern idaho for his company and that he believed his principals would make extensive investments in that region in his annual 1915 report robert N bell k F W sm M M g UFA 0 A aa 4 gj ORE A Z 71 rf ua x 14 aw near halley hailey and E percy smith for the last four years assistant general manager for the federal interests has been appointed to superintend development and operation of the new holdings frank M estes formerly with the guggenheim gen heini interests in sonora mexico who has opened offices for the american smelt ing refining company in spokane washington has been sent here to investigate de state mine inspector in idaho has the following to say of the north star triumph properties at the north star and triumph mines on the east fork of wood river an extensive resource of base zinc lead silver ore that it is believed will aggregate tons of mineral above its bottom development levels carrying about 15 per cent zinc with 8 per cent lead and 8 ounces of silver is the subject of serious consideration at the present time the ore is extremely base by a complication of massive arsenical pyrite association but it is believed that the recent advance in the biec electrochemical electro tro chemical treatments on zinc values will solve the problem of this deposit and transform its idle resources into a mining and milling enterprise of very con bunker hilla hill sullivan mills kellogg Kello Kg idaho daily capacity 2400 tons sid erable capacity and profit bunker hill Dividen Di videna ct i on june 4 the bunker hill sullivan mining company with mines and mills at wardner and kellogg paid the regular monthly dividend of 25 cents the share and a special dividend of equal amo amount making the total disbursement this is th the e fourth 50 cent monthly declaration by the bunker hill company in 1916 but 25 cents the share or having been paid in january and february the total distribution for the first six months is which increases the grand total to ground already has been broken for the bunker hill companas comp anys smelter at kellogg and recently the contract was let for constructing the railway spurs and storage yards which are to rebuilt be built by the 0 W R N company but the expense to ibe be borne by the mining company much of the material for the smelter is now on the ground and it is anticipated that the plant will be completed and operating by april 1917 the union group it is the general opinion among mining men that the union mine in the coeur calenes dA lenes will be the next important new producer of the region according to george H wyman jr an engineer of this city A recent strike in the property has created con sid erable excitement in the district and development is being watched with a great deal of interest while I 1 have not investigated conditions at the mine personally I 1 have talked with a number of competent and reliable men who have said 1 mr ar wyman they all are confident that another great ore shoot has been found in the ledge w which aich already is famous as the mother lode of the celebrated tamarack ouster custer and tiger poorman mines but the is much nearer the tamarack custer man it is to the tiger poorman the drift on the ledge since it was encountered last week shows steady improvement in the ore body much of the ore it contains I 1 understand a foot or more in width is galena and zinc of shipping quality the galena carrying good silver values in addition to a high percentage perce niage of lead the ledge itself is big and strong its development is likely to be undertaken at much greater depth shortly through the extension of the tiger tunnel which was driven through the hidden treasure ground and some distance into union ground several years ago antimony shipment net returns from our first carload of antimony concentrates are 2784 said H J hibschman vice president of the coeur dalene antimony mining company property at kellogg this is most gratifying our plant is running ten and twelve hours a day and will have another car ready early next week neek and hereafter will have at least three a month twenty men are at ai rone within the last few days men were sent 1 in n behind the lagging in the tunnel where they found good ore they followed the dip and disco discovered vered that increased values were obtained until now the best ore we have is there electric power from the washington water power company will be installed in a few days this saving in power therefore will materially help profits it also will ibe be increased by the higher percentage of value in the concentrates control northern light minneapolis and st paul people acquired control of the northern light mining and milling company at a meeting held recently in this city a meeting being held simultaneously by some of the stockholders in minneapolis the companas comp anys property is on pine creek in the coeur calenes dA lenes the meeting is said to have teen been a stormy session lasting until I 1 in the morning directors elected are james F howarth of wallace C A bloomquist treasurer of the city of minneapolis fred W sachse of the foot schultz shoe company of st apparently representing the anaconda cop COD per company which already has acquired the douglas and evidently would like to extend its holdings on pine creek in ill the coeur calenes dA lenes W Y dark clark is again at the properties and it is said that this time there is with him W J kelly superintendent or the douglas james B breen reen examined the claims a few days ago and then went to butte it is said the examination being made by mr kelly is of the little pittsburg in ill particular and is the final inspection for the anaconda company when the douglas was taken over by the anaconda copper company it was generally understood that if it proved to be as good as expected it would be followed by other purchases by this company which is supposed to be better able to handle the zinc ores of pine creek than any other Y t 3 31 IM J P IL R R owl j 01 lb mammoth and standard mills wallace idaho paul benjamin E harmon of st paul and tom J mcgrath an attorney of st paul mr bloomquist will become president mr sachse vice president preside nt tom J mcgrath treasurer benjamin I 1 E harmon secretary and benjamin G harmon assistant secretary and general manager the officers will he be elected at a meeting to he be held in minneapolis john F P has been president benjamin G harmon voted over half of the stock sto C k of the company this company formerly was controlled hy by leroy hooper B D N barnett rush J white john and charles solberg of wallace examination of little pittsburg another examination of nabob sidney and little pittsburg is being made by men company because of the electrolytic plant which it is operating at anaconda reports from kellogg are that the ore strike recently made in the nabob is widening addition additional 11 al d distance is out with every foot of penetrated and the owners are much pleased with the outlook the little pittsburg lies in an ear sterlY direction and adjoining the nabob the and is sidney adjoins them on the north of the i said to have a vein indicating one it is best bodies of zinc ores on the creek claimed that the federal mining COin company Pany and that has attempted to buy this property t alir h r e e jerome J day in the past made two or j trips of inspection to it contemplating 1 purchase fr r ra i this group of claims is two miles owned by the t the douglas already conda people but is down clown the creek on a branch gulch success dividend the directors of the success mining company owning and operating the success mine and mill in the nine mile district of the coeur calenes dA lenes have declared the regular monthly dividend of 3 cents the share or payable june to stockholders of record june this will make the disbursements for the first half of the current year and will increase the grand total to including credited to the old granite mining company which owned and operated the success mine prior to its acquisition by the success company no official report has been made of the earnings of tile the success company in may the first month since the new contract with the grasselli Grae selli chemical company of cleve land ohio became effective but it is said that president P J gearon has informed some of his stockholders that the net profits for the period will be approximately or twice dividend requirements at the prevailing rate dividends of coeur calenes dA lenes mining companies in the coeur calenes dA lenes in june will distribute dividends amounting to according to official announcement this will increase the grand total of disbursements by them and their predecessors ces to the table of payments follows june grand total bunker hill sullivan caledonia federal mining smelt ing ig hecla hercules interstate callahan stewart success total M 9 05 R I 1 IV 3 V qwin V r 4 ZE 9 morning mine and mill mili mullan idaho |