The Coeur d'Alene press. (Coeur d'Alene, Idaho) 1892-1907, 1898-11-05


meats. additional nlAhshineFy, etc, since
June Of this YEAR has been paying dlvi-
leBds At the rate OF II eenis per share
pr month, or Is per cent Per annurn ON
The capital stock
Two hundred and fly men are en-
pioyed Al the mine noW. This force viii
l.s more than 1oubled hen the new plant
= in successful operation Two 10 ton
skips a i'll be employed in the new shaft
and these skiPs wili give the mine hoist
ing capacity Of 1850 tons per day of "a
hours.
The management Of the mine has open
IN stated that from known ore reserves.
there j. at lsa-t three wears supply OF
ore in sight, without taking into account
any ore bodies that will be opened up in
the regular development OF the mine. 1t
: aizo stated that the company viii after
the first of January increase the month
Is Dividend to S,50,tssl-and may PassI5ly
snake il larger.
Adjoining the War Eagle on the east
i the Centre star mine.
The purchase Of the Centre Star by the
C;os.ierhanr, Blaekstoek syndicate even Al
such a fabulous prise a. S2,Ooo,eo vas 4
rare stroke Of business. With the Centre
star and War Eagle this syndicate no~
holds undisturbesi the key to Red noun
tain.
Purchase prices Of mines running up il
the millions are few and far between
and the Centre star, it i believed by 10
= lat cd "a hssrs
two millions were paid for property ~
lore a dividend had been declared
Nevertheless the C;oolerham BEaekstoci
syndicate paid this enormous price, an
il j. confidently believed will more thai
come out even within the first tvs
years after acquiring possession ana tn
commencement Of shipments
strike In the Conquest
\ sensational mining strike was mad
last week in a property owned by SPokan
men. and only 45 miles from the city. Tn
miners in the Conquest broke into foi
and a half feet Of ore. OF this, three fee
ia r.rofusely mineralized quartz, whIe
! assays 800 per ton, and a loot and hd,
u sarbonates, speckei with native col
> per. The carbonAtes have not yet bee
3 AsSayed
The Conquest is owned by d. w Hel
ley, Mayor T.. d. Olmstet, Harry l. Ro:
ers and W. NJ Ridpath. II is six mill
n down the Pend d'OTieile river from New
: port. The section Is familiar to thO'
= sands of Spokane people who have soF
y on the Great Northern summer exeu
sions To Albany Falls
The strike was made in the upper tu
+ mel Of the old working, said MT. Henle
}. AT a point 40 feet from the mouth
.. the tunnel there l. a break in the form
ton, and We made an air shaft dow
y through it. Fifteen feet from the botto
! Of the tunnel, in this air shaft, we follow
what appeared to be a stringer, and Fl
feet in We opened up this ore body. I
9. assay I have Just received gives: Col
s5.lG: copper, 81 30; lead, 80. 20; siIV'
P 1852
Ill Irrigation scheme.
1t il understood that the contract h
been let for the building OF the two Lar
irrigating canals in Yellowstone eoun
M Montana, by the state arid land comm
sioners, which the latter have been
work upon for the past year. The dit
. on the north side Of the Yellowstone ny
!, Sill irrigate over 10000 acres OF laI
o' and the one on the south side will COZ
over 10000 acres. The contract inclu'
the settlement Of these lands within
y next two years. The completion Of I
important work means much for the sta
Ran by Electricity.
The East Helena smelter plant il n
u being operated by the electrical plant
e Canyon Ferry, on the Missouri river.
% the machinery that was formerly run
steam power Is now being driven by Ell
trieity. II is related "a an evidence
/ the promptness with which the work y
81 done when everything was made Tea
9 that the blast furnaces we're shut do
l. but four hours While the steam pov
e vas being cut out and the electricity
stalled. There are a number of moto
u two Of I75-horse power each, and three
= 100 horsepower, one Of J0-horss Po"
o one of 30 horse power and one Of 2O-he
: power.
. Salt over Title.
- The VeIIkn0wn Wolverine mine v
!" recently sold by the sheriff to satIsf!
- Judgment Of $40 against the Olive O.
y. Mining Company, in favor Of Neis l.
- sen. X. A Brown, the former owner
. the Wolverine, has secured the seTvi
, Of solicitor and claims that he can pre-
that the Olive Gold Mining COmpa
= never oW ned the Wolverine. The WOlT
a inc Is situated about ten miles from era
:. Forks, in Browns camp, and y M
a, grade copper proposition.
Ore In Lexington.
ar The latest report from tine Lexington
=. that the tunnel Is in over 100 feet, W
IA three and one half feet Of white qua
&c in the face sprinkied all through "
- gsIena The property Is situated on
as upper part Of FIX creek, which puts il
1 the South Fork. jnst above WariF
We Idaho.
80 Salt settled.
Real estate was unusually active