Troy weekly news. (Troy, Idaho) 1897-1933, 1907-03-29
MINING NEWS.

1t is announced by mining men that
Rev. Father Bauseman of Burke, Ida
no, who holds nearly a controlling
interest in the Snow Storm mine, has
the entire Hercules property for sale
on a $6,OOO,OO0 basis
Since March 1 six Occur d'Alene
mining companies have paid 1851 ,009
in dividends. This immense amount
of money was distributed as follows:
Federal Mining & Smelling company,
S510,0O0; Hecla Mining company,
100000; Hercules mine, $4,000;
Bunker Hill e Sullivan Mining COM
pany, s1S0,O00; Snowstorm Mining
company, $4,000; Success Mining
company, $4,000. This brings the
total dividends paid since aJnuary z,
1907, by Occur d'Alene mines to ST.
597, 500.
1t is reported that the Kendall MIN
ing company, which owns the famous
Kendall mine near Lewistown, Mont,
has paid its regular monthly dividend
Of $4,000, or 8 cents a share. The
Kendall is capitalized for $2,500,000,
with 500, 900 shares of a par value Of
81 share.
Phoenix, B. C.-Now that develop
ment has reached an advanced stage
at the CRANKY Consolidated Gold Drop
group of mines in this camp, and the
ore tonnage blocked out can be fig
ured into seven figures, the plans Of
Local Manager Hodges for the install
lation of another large ore crusher
are about to be carried into effect, aft
er which the Gold Drop ore will not
be shipped to the smelter as it comes
from the mine, as at present.
L. Gleason, an old time miner, died
recently at Wallace from complica-
tons arising from an accident sus-
tanned in cavein.
Rossland, B. C.-The lie Roi Mining
company has taken a long time OPP
ticn on the properties of the Spitzee
Mines, Limited. The properties con-
sist of the Spitzee, Fool Hen, Darby
and Nelson No. 2. There is an area of
ITO acres in the claims.
That the Hidden Treasure Gold Min
ing and Milling company has closed
a contract for a 100000 amalgamat-
ing and concentrating plant, is a cur
rent report.
THE Monitor mine is in an excel
lent condition." said Otis Hill ,presi-
dent of the company, who has just
returned from a trip of inspection to
the property, which is located in the
Occur d'Alene district. Shipments are
being made regularly every four or
five days.
Brussels.-After consulting with the
delegates of the American fnanciers
who are interested in the enterprise
the International Forestry company,
i'll which Messrs. Guggenheim and
Ryan of New York are largely interest
ed, has decided to send out a mineral
prospecting expedition to the Congo,
where it is anticipated that great gold
fields will be discovered. r. Dorsey
Mohun, the well known explorer, has
been appointed to lead the expedition.
1t will be composed Of Americans and
Belgians and will leave for Africa
about May 15
G. Horton Hart, mineralogist who
has made his headquarters in Spo-
kane for some time, has gone to Rhy-
oaite, New, where he goes in the in
terest OF Spokane capitalists. MI
Hart has been in that and other por-
lions of Nevada before and is well ae-
quainted with the country.
About 40 of the striking smeltermen
have returned to their old positions at
the Tacoma smelter and about as
many more have expressed their will
ingness to go back at the same wages
as paid before the strike. The plant
will be reopened at once.