Show PITSBURG IDAHO posts mm OF ONE PER CENT A. A S. S Ross president and general generl manager man a ager agor or of the tho Pittsburg-Idalio Pittsburg Idaho Mining lIning company at Gilmore left lef tOda today at noon for tho the company's general offices in in Pittsburg P Pat Pa Before leaving levins ho he said tho the officials had hind posted a monthly dividend of 1000 or at the tho rate of 1 p Pr Jer er cent a month pa tho the total capitalization capit tion ton of the tue company The first dividend w ho bo T paid i April Apr l 1 12 Mr Ir Ross Koss explained ex cx that his company was just entering on en- terin tern upon its career of profit profit- distribution distri huton owing to the tho fact that that- it now has lias tho the use uso of its is new railroad line lino into Gilmore w. w ch is iR miles mies in length ln This company has expended a great deal of money in placing the property on a paying Baying aying b basis sis Shee Since last July it has shipped tons of oro ore to the plant of of the Un United pd States Smelting company compan which gave an average average aver aver- a age e value of oC 36 per pet cent lead and 15 ounces of silver tto to tho the ton This ore is a all of oC a shipping grade graie and can be besent besent besent sent direct to tho the smelter and there will ill wj bo he no rio need of a mill mi plant unless a considerable tonnage of lower grade ores are developed I Since last Sunda Sunday this property has closed down This became necessary while new equipment was as being installed in an- an stalled including a compressor and some sonic other heavy machinery When this now equipment has hus been placed in position post post- tion the company will wi la lay out a plan of campaign that that will wi result lt in in moro more extensive ex cx- operations Manager Ross will willbe wi be ho gone a n few weeks and return to havo have tho new work started promptly on schedule time The Te miners are now loading load toad ing ore oro on the cars at a cost of a n ton as against against- the old ol charge chargo of 1150 a ton when the oro ore was hauled o overland overlain and loaded at ei eighty eighty- hy five ho miles mies from tho mine |