Show washington the loon lake copper company operating at loon lake under the management has surplus in its of 0 evan morgan treasury an and d has declared its third regular monthly dividend of 1 cent a share or it was paid on the dinst the corporation has been in existence less than two years and this disbursement raises its dividend total to since the resumption of shipments from the knob hill mine at republic fourteen carloads of ore have been sent out with a total net value of sinking in the shaft is proceeding at the rate of five feet a day A drift will be run when the foot point is reached to tap the main vein which contains a number of ore shoots which have been developed on the lower tunnel level these bodies have yielded upward of gross to date from which has been paid for the property and nearly in dividends S H IL richardson is general manager for the company thomas W cole of the american minerals production company claims that his company has one deposit of in stevens county sufficient to last thirty seven years mr cole is also president of the spokane valley northern railway company which has recently let a contract for the construction of a railroad to the property he says that in 1914 the total used in the united states was about tons of which about half was shipped crude and the other half but that with the impetus to the steel trade there are probably tons a year n now ow used in this country |