Show IDAHO oil in a water well owned by R R duke located near arco has drawn attention to possibilities of a new industry for that section A company has been formed and drilling will be undertaken the main shaft of the hecla mining company at burke F S rowe superintendent is now at the 2000 foot point and a station has been cut preparatory to crosscutting this is feet below the present lowest level and plans call for feet further sinking the federal smelting smelling Sm elting company of wallace has declared its usual dividend of 1 per cent on preferred stock payable march to stock of record february it calls for the company is subsidiary to the american smelting smelling Sm elting refining company and is under the management of frederick burbidge the caledonia min mining 1 ng company with holdings near kellogg paid its third monthly dividend in 1918 of 3 cents a share on the ath dinst it called for and brought the companas comp anys disbursements already this year to and its total to the property is under the management of stanly A easton high grade lead ore has been opened in the douglas in the pine creek zinc district near kellogg the showing is at the face of a foot tunnel and assays essays are reported to show values of 51 per cent lead 20 per cent zinc and 23 ounces silver this is the second property in that section to develop lead ore the constitution having shipped considerable ore from a similar showing opened some time ago reports from the property of the sunset mining company at leadore thomas walden superintendent in indicate diate that values are increasing as depth is gained in the now at a depth of about feet below the tunnel level the company has an immense tonnage of mill grade ore opened in its workings estimated by engineers at tons and mill construction is planned for the near future values are in lead and silver and the mine has been a heavy shipper during the past year |