Show IDAHO james F callahan part owner of ahe the callahan zinc mining company at wallace has received in dividends since april 1915 when the first dividend was paid a total of according to reports received at spokane wash further development work on the sixty foot shaft in the paragon mine near wallace will be be beun begun un in the near future according to L W steadman manager it is hoped to add I 1 another feet to the depth of the shaft before next summer the callahan zinc lead company formerly the consolidated int interstate callahan mining company of the coeur calenes dA lenes reports net income after expenses and depreciation cia tion of equivalent to 73 cents a share par 10 earned on the outstanding capital stock work on the new concentrator for the sunshine mining company operating the yankee boy mine on big creek in the coeur calenes dA lenes is progressing rapidly a large portion of the material for the building now being on the ground the mill will start with a daily capacity of fifty tons A second unit may be added later in the season the auxer gold mine at hope reports the tunnel on that property now in feet and getting into solid formation the entire length of the tunnel so far has been in drift that required timbering the entire dis tance another fifty feet of tunnel is expected to strike a small vein of gold bearing quartz and beyond that only a short distance it is believed the main lead will be struck the lookout mountain mining company of the coeur dall dA calenes lenes enes has installed a sullivan compressor on its property in the pine creek district and now has en route a gasoline engine and equipment for power purposes As soon as this is installed contracts will be let to carry forward the work on the no 2 tunnel which will reach the ledge at a depth of feet the management expects to cut the vein on the no 2 level within the next feet of work two shifts of miners have started work on the russel tunnel of the marsh property in the coeur calenes dA lenes to drive it feet further which will carry it through the east lines of the claim this i is in pursuance with the recent court order that the marsh company must show that the vein actually passes out through z the east end line before the court will grant permission for the marsh people to enter the hecla workings to raise feet and demonstrate the identity of the veins announcement of the resumption of work in the five point or finney group of claims located fourteen miles north of fairfield camas county in the carey leonard district was made recently at spokane wash the ore content of the five point group differs from the usual ore of the carey leonard lednard district in that the former is gold bearing while the carey leonard is a silver lead although the distance between the two sections is only six miles the nature of the ore is a quartz sulphide of true fissure or origin the test run recently made showed more than ai 18 a ton in gold with the present facilities A lower level will run better than 30 in gold A dividend of 4 cents a share amounting to was declared by the tamarack custer mine of the coeur calenes dA lenes and made payable january 16 it is the first dividend the company has paid in a little more than a year the company is capitalized for shares but only shares have been issued it has been rumored that the company had a great surplus in its treasury it is said however its cash on hand is only about but then it has worth of bullion on hand either at the smelter at northport North port or the refinery in pennsylvania this it is holding for better lead prices the tamarack custer owns a half interest in the northport North port smelter and the refinery in pennsylvania the caledonia mining company paid its quarterly dividend january 6 5 its usual time but nothing has been determined in regard to any future payments work of exploration will continue at the property but not much money can be made at present prices of lead the earnings of the last quarter may be close to the amount of the quarterly dividend which is a cent a share or the company does not intend to attempt to get hold of any new property said stanly easton president athe the management prefers to disburse its surplus and let the stockholders do their own investing we must keep a reserve however to meet the government tax although no one knows when that will be determined or how much it will be machinery equipment for the jim blaine silver syndicate operating the jim blaine bristol groups on pine creek has as been delivered to kellogg and will be taken to the mine as rapidly as possible for use in driving the lower crosscut tunnel all preliminary and outside work for driving of a 1400 foot crosscut has been completed and the tunnel is now in nearly feet the total length of the crosscut will be 1493 feet which will give a vertical depth of feet on the jim blaine vein two other veins will be crossed in this work the bristol and the midnight both of which have been explored in their upper levels with encouraging cou raging results the work will proceed steadily with hand miners until machinery is installed and machine drills placed in operation A 4 foot riblet wire rope tramway was recently purchased by the cyanide gold mining alining company operating the buckhorn property twenty two miles northeast of bonners ferry this is to be shipped at once to eileen thirteen miles from the mine and will be installed and ready for use in three or four months A fifty ton ball mill has been completed with provision made for the easy installation of an additional unit of fifty tons with the new tramway in operation they will double the present mill capacity to tons daily with an average extraction of 10 per ton or a total of 1 1000 daily we think we have a splendid property said J B ellis of bonners banners ferry president in spokane recently evidence of what those who know the mine think about it lies in the fact that except for a dollar a day for incidentals the men receive their pay in stock and practically everyone connected with the company works |