Show washington superintendent J S stephens of the american flag mine in the sheridan district eleven miles west of republic reports that feet has been added to the main working vor king vinze during the winter he has now commenced to drift the work disclosing in fair values the company plans to install a forrester mill and a flotation process next month aberdeen interests are developing the property the old cleveland mine in stevens county eighteen miles west of cleveland which years ago paid to the then owners has again entered the shipping class and has sent one carload of ore to the smelter at midvale utah with a second car now ready for shipment the concentrates are reported 50 per cent lead and from 40 to 45 ounces of silver to the ton the zinc product is being held for future shipment the daily production is now about two tons of lead C W gilstrap of bluestem bluestein is president and F L rowley is superintendent the electric point mining company operating near northport North port during 1917 received from the sale of ore which with ore in hand valued at makes a total of according to the annual report of the company just issued operating costs were of which was written off for depletion of ore reserves for depreciation for operation the report shows a net profit of 80 and dividends of the same sum current assets are of which is cash in bank cash with treasurer in liberty bonds in accounts receivable and in ore on hand liabilities are of which is an estimated requirement for federal taxes and the rest in accounts payable accrued wages and state and county taxes |