Salt Lake Tribune | 1914-02-19 | Page 12 | Federal Company to Buy Star Mine

I FEDERAL COHY I TO BUT STAR MI Has Option and Has De-veloped De-veloped Big Body of Low Grade. H PRICE NAMED $750,000 H Will Probably Operate It Through Workings of Morning Mine. Special lo The Tribune SPOKANE, Feb. 17. Reports received In Spokane from ' Wnllace, Idaho, state that an extensive deposit of low-grade oro was opened v. recently In the Star mln. adjoining the Federal company's Morning property, rcccnUy taken under bond by the Inderal from tho Finuh-Campbell Finuh-Campbell estaic interests, and that the Hi discovery leaves no doubt "but tho bond will be cxerclpod when it matures, Con-sldorablo Con-sldorablo development has been done on H tho Star by tho former owners, and a large body of low-grade oro exposed. The Federal company contlnuod tho work through the No. B level of the Morning mine, encountering the vein at between 400 and n00 feet below the upper work- ingp. The bond on tho Star calls for a $750,00(1 payment, extending over a pe- rlod of years, tho second Installment or - which will fall lue In a. few wecka. At an adjourned meeting of tho stock - K holders of Uio Idaho Northern Mineral company, operating a group of properties B in the Coeur d'Alenes held In Spokane, Frank Swanson of St. Paul, Minn., was K elected president: Poter Rath of Coeur d Aleno, Idaho, vice president, and L.. V. Burton of Murray, Idaho, secrotary-trcas-urer. The officers, with O. M. Nordqulst and Oscar Nordquist. both of Wallace. Idaho, compose the directorate, Daniel Hi Danlclson of Spokane was appointed nt- tornev for the corporation, i November and December wero banner months for ore shipments from tho Ile-nubile Ile-nubile camp, north of Spokane, to the smelters. During November 6046 tons were shipped as follows: From tho Ben Hur mine, 3080 tons; Surprise, 21Sb tons; Lone Pine. 277 tons; Qullp. 92 tons; Pearl. SO tons, and Blade Tall. 71 tons. During November the Knob Hill shipped 310 tons HS to tho San Poll Consolidated company s mill. These Hhlpmcnts wero from soven mines. During December only four of the producing: mines wero ahippors, but their output amounted to 726S tons, as follows: From tho Ben Hur mlno, 3323 tons; Knob Hill. 2002 tons; Surprise, 1709 tons, and Qullp. 235 tons. The total shipments for the two months amounted to 13,314 tons. Thi" does not Include tho production of tie San Poll, which was reduced at its