The Daily Missoulian., 1909-05-14
NEWS OF THE MINES

NEWS OF THE MINES
Spokane, May 1.-TWO properties In
the Occur dAlenes paid dividends
amounting to $4,000 this month. One
is the Snowstorm Mining company
which paid $4,000 ON May 2, at the
rate of 3 cents a share. This is the
third dividend this year, making a
total of $135,0O0 the company, opera,-
ing copper property, has paid since
January No dividends were paid in
March and April, and no reason is
given for the resumption of dividends
except that the accum ulation of prof
it's since February 20 has been suf-
ficient to justify it. w. y. Green
ough, manager, said: I'VE always
pay Il dividend when we have money
enough" The Bunker Hill & Sui
livan Mining and Concentrating COM
panys paid dividend No. 14O Of $4,000,
This makes 100000 since January l.,
and s10,971 900 to date.
Louis c. Jaquish, manager of the
Mineral Farm Mining company in the
Occur d'Alenes, said on his return
from an inspection trip that No. 3
tunnel encountered the vein at 94T
feet from the portal. No solid ore
| matter has been encountered, but the
| tunnel is in stringers and letter
from the foreman says that water is
| coming in on the face OF the tunnel
which is a good indication that the
vein has been found. Mr.. Jaquish
| tarir t1o
| have 200 to $50 feet of promising
mineral ground to crosscut, with the
| possibility of breaking into ore with
any round of shots. The completion
of the prosecuting will mark the end
| of tunnel No. 3, as originally planned,
| and will expose the vein structure for
| it's entire width"
| Mining men operating in Stevens,
Ferry and Okanogan counties pro-
| tested to the state tax commissioners
of Washington against the taxation of
non producing mines at a meeting in
| the assembly room of the Spokane
| chamber of commerce, May Z. They
argued that to levy an assessment on
such a property is to prevent the de-
| velopment Of the mining industry in
the state. 1t was also pointed out
that the non-producing mines in
Ferry county are assessed too high.
Among those who spoke along this
line We're Colonel N. f. Linsley, f. l..
Tate, l.. K. Armstrong, r. A. Hutchin-
son and S. p. Domer. They also de-
clared that to assess a prospect is
unlawful, since it is without any
| T. n
producer. The commissioners re-
served their decision The commits
sioners present We're t. D. Rockwell
j. z. Frost and A. e. Cagwn. Grant
Stewart county commissioners OF
Ferry county, and Leroy Marble, the
Ferry assessor, spoke in de.
Tense of the assessment of the pros
pects.> William Bryan G. w. Suther
land and S. S Beck, county commits
| sioners of Stevens county, also made
short addresses. The commissioner
have their next meeting at Republic
Reports from Idaho Springs Idaho
are that the streak of smelling ore
recently opened in the west heading
of the lateral on vein No. 15 in the
Lucania tunnel, located near there
continues to improve. Tho leaser
now have more than a foot of solit
copper-lead ore, which will bring
more than s125 ton. A trifle owe
three cubic feet of this ore weighs ;
ton whereas it takes from II to 1
feet of surface quartz to weigh 200
: pounds.
Announcement is made that the OLE
Iron Mountain mine, near superior
Mont in the eastern part of tn
Cheur d'Alrnes. will resume opera
tions and it is figured that within tn
next six weeks not less than $50 mel
will be employed. Patrick McElmee
of Mullan, Idaho, is superintendent
and is installing two lotion boilers
% feet by two inches long, and 81 Is
drill compressor plant.
Telephone advces from Wallace
Idaho, are that the fact of the drift
in Orofino mine near Murray, ha
broken into five feet of solid galen;
: ore, besides several feet of millin
ore encountered in the lower work
ings The ore will assay more thai
so per cent lead, besides silver values
There is more than 500 tons of Ship
ping ore on the dump, which will b
shipped to the smelter as soon as tn
Idaho Northern Railroad compan
completes its line.
Washington Quicksilver Mining com
pany has been organized at Ellens
these Officers
President, G. w. Tussinger: vic
president, w. G. Eckler: treasurer, f
Stebbins; secretary. Alonzo Rouch'
all of Tacoma, where head office
will be established. 1t is purposed t