Bonners Ferry herald. [volume] (Bonners Ferry, Idaho) 1904-current, 1910-03-12
INTERESTING MINING NEWS.

y. Il. W. Hodges, resident manager
of the CRANKY Consolidated Mining,
Smelling and Power company, limited,
the largest copper producer in British
Columbia or in the Dominion of Canada,
has resigned, and leaves about the
middle of March, with his family, for
Lima, Peru, South America, where he
will, on April 1, become general man
ager of the Cerro de Pasco Mining COM
pany. This company has comparatively
few shareholders of its $10,O0O,0OO Of
capital stock, it being chiefly held by
J. b. Haggin, the Hearst estate, J..
Pierpont Morgan and Vanderbilt and
wealthy friends.
Montana, Arizona and Michigan, in
the order named were the leading states
in the production of copper last year.
The Adams mine, regarded as one of
the largest in the Elk City district of
Idaho, both in ore areas and values, has
been bought by Spokane people. The
sum involved has not been made public,
but the Murphy mine, a partly devel-
oped property of the same field, was
transferred this week for 100000, ae-
cording to the dispatches.
Confirmation of the tales of gold
told of the Harmon strike with much
additional information has been brought
out of the Ten Mile district of Idaho by
Thomas w. Murray, who, with others
is identified with the Banner, property
near by.
Nearly all of the 40 men who strug
gled to make mines in that long hidden
district throughout decades have sue
ceeded in varying degree and are il
position to reap the reward that il
coming to them in a wide and growing
appreciation by the public, the rush and
the transportation facilities promised.
A report from Butte states that new
crushers are to be installed at tn,
Basin Reduction works for the treat
ment of zinc ores. Much of the zin'
values in the ores from the Butte an(
Superior are lost with the present ma
chinery, although, with the presen
handicap the company is clearing $3l
ton on concentrates.
The Trail (B. O. smelter returns TO
January total $640,000, about half o
which was in gold and the rest copper
lead and silver This will bring tn
total for the fiscal year up to $1,000,
600, and if the present rate is kept NJ
it will mean a grand total for the yea
ending June 80 next of $6,OOO,OOO.
Forty-nine American mines and metal
lurgical works, according to report
made direct to the Mining World o
Chicago, paid dividends amounting t
$1Q25S,64 for the first two months 0
1910.
The stock of the Anaconda Cope
company has been transferred from tn
unlisted column to the listed section o
the New York stock exchange. TIL
statement which accompanied the r'
quest for the change showed that tn
earnings of the company for 81
months were $12,242 ,O3s.
Nelson, B. C.-The CRANKY Consol
dated Mining and Smelling company ha
, secured bond on the Summit group an
large number of adjoining claim
covering thousands of acres. 1t is til
most important mining deal in the hi
tory of the Phoenix camp. About 2
full mineral claims and fractions are il
volved, located two miles from Phoeni,
The price is $4,000.
With the leasing of the property {
the Idaho Giant Mining company
. George Huston of Mullan, Idaho, mil
. ing deal which means the union of tn
property with the Boulder Creek Mi
ing company and the Bitter Root Moul
tain Mining company properties wi
consummated. In the future these thr'
5 properties will be under one manag
?, ment and will be controlled by co
: poration known as the Western Devt
; opment company.
Newport.-Recent reports from Il
4 Conquest mine, seven miles north
e Newport, indicate that the property W
S be put on a shipping basis during Il
h coming season.
r An expedition has been organized
J. an expert diver to raise the steam
Islander, sunk 10 years ago IN s.
. fathoms Of water near Juneau, Alask
!. while bound for Seattle with $4,000
e of Klondike gold in her strongbox. T.
o situation of the steamer is known, b
% the depth of water has forbidden g
e tempts at salvage. The plan propos
II is to lift the vessel with huge met
70 seine.