The Kootenai herald. [volume] (Kootenai, Idaho) 1891-1904, 1898-11-05

ploved in the mines OF the camp. Never
before have the mines of the camp been
shipping 80 much ore. As result oil
these two conditions Rossland is enjoying
IA prosperity hitherto unknown.
The War Eagle Consolidated Company
is essentially Canadian corporation. Inc
company is incorporated under the laws
Of this province. The head Office OF the
company is in Toronto where the princl-
nal stockholders reside, consequently but
little is heard here OF the company DO
jngs. as all business, not directly tl1bu'a-
nv to the mine. is transacted there The
mine in addition TO paying all operating
experiments, adding permanent improve
ments. additional mahchinery, etc, since
June of this year has been paying dlVi-
dends at the rate OF cents per share
per month. or Is per cent per annum on
the capital stock.
Two hundred and fifty men are EN-
ploycd at the mine now. This force VIII
he more than doubled when the new plant
j. in successful operation. Two lO-toh
skips will be employed in the new shalt
and these skips will give the mine Il hoist
ing capacity Of 2OOO tons per day OF -
hours.
The management of the mine has open
Nv stated that from known ore reserves
there is at least three years supply OF
ore in sioht. without taking into account
any ore bodies that will be opened up IN
the regular development of the mine. IL
j. also stated that the company VIII atter
the first of January increase the month
" dividend to $5O,OOO-and may possibly
make it larger.
adjoining the War Eagle on the east
is The Centre star mine
The purchase OF the Centre Star by the
Eooderham- Blackstock syndicate even al
such a fabulous price as S2.O0O'OoO was
rare stroke of business With the Centre
Star and War Eagle this syndicate now
holds undistulbed the key to Red noun
tain.
Purchase prices OF mines running up II
the millions are few and far between
and the Centre Star. it i believed by 10
cal mining men, is an isolated case wher
Two millions were paid for property -
fore a. dividend had been declared.
Nevertheless the Gooderham- Blackstocl
syndicate paid this enormous price am
il is confidently believed will more Una
come out even within the first tw
wears after acquiring possession and tn
commencement OF shipments.
strike in the Conquest.
4 sensational mining strike was mad
last week in "A property owned by Spokai
men. and only - mile, from the city Ill
miners in the Conquest broke into fou
and a half feet Of ore. OF this, three Tee
i profusely mincrIlized quartz Whic
ASSAYS 500 per ton, and foot and Ia
is carbonat,s. Spcckcd with native col
pcr. The 'carbonates have not yet bee
asSayed.
The Conquest is owned 10y d. w. liel
lev. Nlavor +. D. Olmstcd, Harry l.. Ro
,,s and w. NJ. RidpIth. 1t i six ml
down the Pend d'Orielle river from Ne'
port. The section is familiar Ia tho
sands OF Spokane people who have go'
on the Great Northern summer eNcu
sions to Albany Falls.
"The strike was made in the upper tn
mel OF the. old working, SAID MI hehir
at a point 40 feet from the mouth
the funnel There is a break in the form
tion- and we made an air shaft do"
thronoh If. Fifteen feet from the bott"
If thu. tunn,l. in thi- AR shaft, we follow
what appeared In be strnger' ana u
feet in we opened up this ore body.
ASSAY have Just received gives; Ion
s5.lG: copper, S67.2 lead, S3o.4o' s''''
S652.'
The Honduras MIL
The mortar from the Golden l"n
n,ill which burned two years ago,
taLen In the Honduras mill at the he
Of Pony gulch near Delta, idah"' Ia
week. They claim that they will be dro
npo stamps in the new mill within
week. Ii has been years since any III
inc has been done on Pony gulch'
tbonoh there are some very good pr
nects tbcre. The Honduras VIII be 1
first stamp mill ina there although
Fay Templeton put up ana W"'Ne"
cannon ball mill some years ago. Id
other mills of the kind put up III
Coeur d'.Alcnes, it proved a failure,
ouortz being too hard to he crushed
that method rapidly enough to make
nav. The Buckcye. near Murray 81
has one Of the cannon ball mills' il
whom il has very rich quartz 1t roa
- and the cannon balls will crush IT. d
handling ordinary rock Is OUT %
ouestion. The Honduras mill VIII
driven by water power