Troy weekly news. (Troy, Idaho) 1897-1933, 1908-08-07
MINES AND MINING.

mining, according to reports.
1t is reported that the b. c. Cop
per company produced copper at go
cents per pound during the month of
June.
Three dead and one dying is the
death roll of a frightful accident in
the Coal Creek mine, near Fernie, B.
c., recently.
The Humming Bird mine, located
about IL miles north of Grand Forks,
B. c., will soon be taken over by
New York capitalists.
A. B. Ward came into Wallace re-
Gently from a placer property across
from Murray with about $1,000 in mug
gets, one of them being worth from
$50 to 5000.
Ore shipments from the Boundary
(B. c. mines totaled 37,16S tons last
week CRANKY mines shipped 20,261
tons and for the year to date have
shipped 624,566 tons.
The main shaft of the Center Star
mine at Rossland, B. C., has reached
the sixteenth level a depth of 2200
feet from the collar of the shaft. The
lower levels of the property are all
looking well and are improving as
depth is attained.
An operation performed recently at
Denver hospital on George A. Petit
bone, formerly member of the execu-
tive board of the Western Federation
of Miners, showed that he is suffering
from cancer and the physicians agreed
that his life could not be saved
A late report says Mr.. Pettibone is
dead.
The county commissioners OF Sho-
shone county, Idaho, sitting as a
board of equalization, have reduced
the assessed valuation placed by the
county assessor on the big mines OF
the Occur d'Alenes. The reduction
made by the board amounted in al
to $42,7OO.
The Mollie Gibson, a property 10
| Gated above Nelson, B. c., just ovel
: the divide of the Gold Range, anC
which is under bond to a syndicate
f of Rossland mining men, has latel!
: shipped six carloads of ore to the Trai
smelter The ore is pyrrhotite, blu
carries good values in gold.
An important mining deal has JUS
been closed whereby Thomas L. Green
2 ough, Wilbur d. Greenough and asso
ciates secured from Dayton H. Stew
D art of Spokane a controlling interes
O in the Laurier mining property, Il
Gated in Ferry county, Wn., near tn
international boundary line.
The total production of coal in Or
), gon in 1907 was 70,9S1 short tons, ha'
= ing a spot value of $166, 304. The Coo
9 Bay field is the only productive co;
field in Oregon. 1t is situated in tn
southwestern part of the state,
"a Coos county, and occupies total are
- of about $50 square miles, its lengt
north and south being about 80 mile
II and its maximum breadth at the mi
II die about II miles.
III The Pelly river valley in Alaska
d an empire in itself, and is gold bearir
T. from end to end, states an exchang
20 1t offers encouraging prospects for Il
8 real prospector who is well equipp'
ID to withstand the rigors and to ke'
himself from starving. Such is II
i'd opinion of Dell Van Gorder, who h
" Just arrived at Seattle from the Pei
ic lakes, at the extreme head of Pei
n Pelly river. He has just spe
lie seven years in the Pelly country, 70
Id in the Mcmillan division and thr
Ii at the head of the Pelly proper.
lie The Mining World of Chicago say
a For 60 metal mines and works in t
We United States to pay dividends amour
is ing to the large total of S24, 3
for seven months this year-a peri
he of low prices and curtailed consun
at tion-is indisputable testimony of t
he extraordinary profits that are bel
in earned in the great mineral industi
re BY a careful tabulation the Mini
m World has ascertained that these
er corporations, with capitalizations va
nd ing from 100000 to $100,O00,0O0 ha
I'M since their organization distribut
list dividends among their numerous sha
as holders to the enormous total of S4S
zig O56,O7S On the issued capitalizati
of $39S. 4S1, $50, the dividends paid tn
,re far show a return of 121 per ce
N which may rightly be called the mi
or net that has attracted so many
av yestors in mining and metallurgi
los shares.
~ New York Metal Market.