Salt Lake Telegram | 1909-01-08 | Page 8 | Kendall Mine Will Resume Dividends

KENDALL MINE WilL RESUME DIVIDENDS SPOKANE S. S S. Thc The Kon- Kon I dall Mining company which h after dis disbursing dis bursing considerably more than 1000 1 I in dividends to its stockholders discontinued continued payment of dividends since linee October will wm again be out Dut on a l paying payin basis in March according to a report port which is received with amon among amon mining men of Spokane The Kendall company which h is controlled controlled con trolled b by Finch Campbell of Spokane and md associates is s to be consolidated atel in in I March arch of this year with the tho North r orth i Moccasin company the control of which is in the hands of John A. A Drake Drako the New York millionaire The cono consolidation consolida- consolida S tion is to be bo on a basis p of tho the measurable meas meas- oro rc reserves nes and the value of tho Equipment of each cach property on the date ate of or the mercer merser Developments at nt tho Kendall mine mine which is in Fergus count county Montana will wm be bo followed with tho keenest in in terest durin tho the next two mouths month by hy byS Spokane O owners ers of Kendall stock The S orth 1 orth Moccasin has hns immense reserves of oC rich ore but little equipment of value aloe The Tho Kendall has a valuable reduction re re- re plant a power plant valuable valuable val val- water ater rights but the ore reserves I 1 in in the tho Kendall mino mine have hl at pre present a problematical value aloe Reliable reports from irom tho property i have a e it that most of the ore above c tho I. I foot 1300 level has been beon mined out A A. baft shaft was put down to tho the foot level 6 at which tho the crosscut cut was run towards the ore body Some Somo months i II ago this crosscut found the lead which I dipped sharply away from tho the shaft t. t and it is reported that a n large bod body of s 7 oro ore was opened up The double compartment shaft was then put down to the foot level but so far fir it is understood no finds of importance importance im im- im ha have e been mado made in tho the lower workings working The Tho main ore deposit in all aU allS S probability lies still further ahead of the tho face of tho the crosscut for tho vein vein- evidently continues to dip sharply away from the shaft If the tho crosscut on the toot foot level runs into the ore prior to the dato ato of consolidation with the North Moccasin the merger mercer er will result far more a advantageously for owners of Kendall Ken Ken- I daB dall stock than if tho find is not made for tho the new ore oro reserves reser that would bo be opened up and the value alue of tho Kendall Ken dall dali equipment and nd power po site would probably moro more than offset tho the em ore orA reserves re rc- ro- ro serves of the North Moccasin It is understood that the Kendall mill has been running on North Korth Moccasin ore for tho the last year