Troy weekly news. (Troy, Idaho) 1897-1933, 1905-10-27
MINING NOTES.

The most important BOlu unu IN tuo
world is that of the Transvaal, and
for that the data for working costs
and profits is incomplete. The out
put for 1904 was $7S,1S0,72S produced
by IA companies. Their working prof
it's, after paying the 10 per cent tax
on profits to the government, are re-
ported as $26,402,163. The amount &C
tually divided in dividends was s19,-
114,784. Only 35 companies paid divi-
dends, these producing 20 per cent OF
the total yield.
Work on the Review Mining & Mill
ing company's claims in the North
port (Wash.) district is expected to be
renewed soon. This is the old Noun.
tain View property, which was in lit
igation for several years.
Wallace, Idaho.-The Hecla Mining
company has declared dividend No. rs
of cent a share, amounting to s10,-
900. This brings the total dividends
to date up to $4,000, of which $780,
900 has been paid this year.
Roy Clarke is back to Spokane from
a trip to the new silver-cobalt fields in
Ontario, 100 miles northeast of North
Bay, on Lake Nipissing. He said:
"Silver-cobalt ore worth 81 a pound
is found there in seams four inches
wide, but 1t is so rich that the Earl
company, a New York concern, which
paid $250,000 for grouno last year, has
cleared up 100000 this year.
The compressor of the o. K, near
Rossland, B. c., is to be started UP
and machine drills put to work just as
soon as the boilers of the compressor
plant have been declared to be eft
by Boiler Inspector Sutherland. An ex-
tensive list of developments is to be
done
Gold in paying quantities has been
discovered at Richland, eight miles
north of Pasco, Wash, by John Pren.
tice and several others, and engines
and machinery have been purchased to
begin operations.
After discovering rich deposits of
native "copper" following weeks of pros
pecting, William Didican of Science
tady, N. Y, was found dead from
starvation on the plains west of White
Oaks, N. M. For mile around where
Didican's body was found were his
tracks, showing that for days he had
travelled in a circle, having lost his
way returning from the mine.
BY the caving of stope in the High
land Boy copper mine at Bingham,
Utah, five men were instantly killed.
The bodies have not yet been recov-
cred and can not be reached for sew
eral hours. The dead: G. L. Johnson,
Charles Peterson, Mike Pesan, Tony
Rifle and James Sonneriva.
Johannesburg.-A gang of 80 Chi
nese at the Van Ryn mine where there
have already been five disturbances,
struck work and attacked the whites
underground. A white man pulled the
signal cord and the police galloping
up descended the shaft and saved the
whites. The ringleaders were arrest
ed. But this phase of attacks under
ground renders the situation very dis
quieting.
Judge Hunt, sitting at Helena, in
the federal court overruled the motion
for a dissolution of the injunction in
the case of e. Rollins Morse against
the Montana Ore Purchasing company
involving the Michael Dewitt mine at
Butte, in litigation between the Anal
gamated and Heinze.
Gold in 1904.
George e. Roberts, the director of
the mint, has prepared statement of
the worlds production of gold and sill
yer for the calendar year 1904.
This statement shows the total gold
valued at s347, $50, 700, an aggregate of
168,493,538 fine ounces of silver and
a commercial value of silver totaling
$97,726,300, the coinage value of which
is $217, 200. The four greatest pro-
ducers among nations follows:
United States-Gold, $SO,723, 200;
75,7S6,100 ounces Of silver, valued at
s33, 900.
Mexico-Gold. s12, 6O5,SO0; eO.Sos, 97S
ounces Of silver, valued at $35,269, 200.
Canada-Gold, $16,4OO.OOO; S,71S,668
ounces OF. silver, valued at $2,156,8 800.
The figures show an increase of
about $22,OOO,OOo in gold over the bu-
reau's estimate for the calendar year
1903. The United States shows a gain
of about 100000 and South Africa
of s1S,o00,000. Tue director says that
both of these countries are still on a
rising scale of production. Austria
liza, on the other hand. is an import
ant producer which shows tendency
to reduce its contribution although the
falling off is not large and may be
temporary. Considering developments
in well known flolda n caap,o N non