The Ogden standard. [volume] (Ogden City, Utah) 1902-1910, 1909-02-23
MINING NEWS

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The Observation-Disclosures Mines COM
pany has been Incorporated in Spokane
county with a capitalization of 81, ,500,-
ooo, with shares at a par value of one
dollar. The organizers are W. H. Win
fred and j. NJ. McCroskey. The pur-
pose Is to take over the Charles Dick
ems property In the Occur d'Alenes.
which was acquired By A. D. Gritman
OF Spokane. at sheriff's sale some
time ago 1t Is given out that flfty-
five stockholders in the Charles Diok-
ems company have subscribed to the
extent Of 100000, while 100000
shares were taken up by stockholders
In the new company. The first named
have until December 8. 1909. to re-
deem the property, upon which thou
sands Of dollars have been expended
In development work. II is announced
that active work will be resumed as
soon as the company Is organized.
Sheriff Moffatt OF Shoshone county.
Idaho, has attached the Skookum Lode
claim OF the Last Chance group In the
Coeur d'Alenes TO satisfy a judgment
OF s55, ,669.63 in favor Of Augustus
Heinz against Kennedy j. Hanley Of
Spokane. The Judgment Is based upon
series of old notes given by Mr.
Hanley, who permitted the time al.
lowed for appeal from the trial court
to lapse. Counsel for Mr.. Heinze was
at Wallace to collect the judgment
when the seizure was made by the
sheriff
w. Clayton Miller, general manager
OF the Federal Mining and Smelling
company at Wallace, Idaho. Is having
plans prepared for a four-story mod
ern apartment house to be erected In
Spokane at a cost Of s125,000. He
paid $4,000 for the site. 127 by 100
feet, in the heart of the exclusive res
idential district OF the city. Mr.. Mil
Ter is also planning to erect a resi-
dence at Seventh avenue and Bernard
street, where he will make his home.
Work on both structures Will begin
this spring.
Beds of pure white kaolin, with a
lower stratum Of rich brown and a vein
Of mineral paint, we're encountered
on Lewis Kauffman's ranch near
Granzeville, Idaho. while driving tun-
nels on a vein of potter's clay. The
clay withstands 1900 degrees and is
soft and pliable. AS II hardens rapidly
In the walls and supports the roof, no
timbering is required, Fem Batty
and A. F. Parker, who own the adjoin-
ing ranch, are arranging TO organize
a company to finance the proposition.
A brick plant and pottery are among
the possibilities.
M. Fraser of Spokane. representing
an eastern copper company. announces
that he will take up an option for S40."
900 for the majority of the stock of
the Military Mining and Milling COM
pany, which has two claims cast OF
Burke, Idaho. The property is partly
developed by shaft In which some OF
the ore assayed as high as $4,000 a
ton, with values In copper. The new
owners will run q lower tunnel to
top the ledge
Hugh Reed OF Phoenix. B. c.. was in
Spokane the other day on the way
to New York to consult with capital
lists regarding the Riverside property
on the West Fork, with view to ex-
tensively operating 1t this year. Nine
ty tons Of ore, shipped from the mine
two years ago, proved rich In silver.
A bond for 100000 was taken on the
property and considerable develop
ment work was done, but owing TO
the financial depression operations
we're suspended,
The Engineering Mining Journal
SAYS: The reduction In the price last
week Of leaiing selling agency TO
13 1-2 cents, delivered, thirty days, cor
responding to about 13 3S cents cash.
New York, had no effect upon the mar
ket. Other agencies had previously
been selling at the same figure and
even lower. Some had been main
tanning nominal asking price of IA IL
cents. without making any sales. be-
cause those offering at lower prices
were taking the business. If those
holding aloof had entered the market
in competitive way the result would
have been, of course, decentralization.
The Red Warrior continues to make
regular shipments OF It's splendid ore
from the 200 level, says the Beaver
County News. Aside from taking out
sufficient ore to keep its shipments up
to the standard, the management 10
coA,inuing the shaft to greater depth
as we'll as carrying on large amount
OF other development work Since the
cutting OF the fire ore body last year
the Red Warrior has steadily advanced
in Importance as a mine until now it
stands as one of the best properties in
the district.
William G. Follansbee. assayer and
chemist OF Skidoo, reports that while
general conditions In Skidoo district
are quiet the Skidoo Mines company
Is making larger shipments Of bullion
than ever before He estimates that
the last shipment, consisting OF sew
eral bricks, would represent about S45.-
GOO. This was the result of fourteen