Elk City mining news. (Elk City, Idaho) 1903-1913, 1910-03-26
INTERESTING MINING NEWS.

the largest copper producer IN British
Columbia OF 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 /, become general man
ager of the Cerro de Pasco Mining COM
pany This company has comparatively
few shareholders of its 100000 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, ac-
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, a 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 a varying degree and are in
position TO reap the reward that is
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
erushers are to be installed at the
Basin Reduction works for the treat.
ment Of zinc ores. Much of the zinc
values in the ores from the Butte and
Superior are lost with the present ma
ehinery, although, with the present
handicap the company is clearing $50
a ton on concentrates.
The Trail Oh. c. smelter returns for
January total $1,000 about half of
which was in gold and the rest copper.
lead and silver. This will bring the
total for the fiscal year up 10 So AGO.
600, and if the present rate is kept up
II viii mean a grand total for the year
ending June 30 next Of $6OO0,O 900.
forty-nine American mines and metal
lurgical works, according 10 reports
made direct 10 the Mining World Of
Chicago, paid dividends amounting TO
sl425s,64l for the first two months Of
1910.
The stock Of the Anaconda Copper
company has been transferred from Tie
unlisted column 10 the listed section on |
the New York stock exchange. The
statement which accompanied the re-
guest for the change showed that the
of the company for eix
months wcre sl2,242. O33.
Nelson, b. C.-The CRANKY Consoli.
dated Mining and Smelling company Las
secured p bond 0u Che Summit GROUP ana
large number Of adjoining claims
covering thousands 0f acres. n = Tie
most important mining deal IA tie his
Tory Of the fhoenil camp. About 20
Inl mineral claims and fractions are in
VOWED located tnO miles from ploenir.
THO price b $4,000
VIII the leasing " ihe pgoperiy ~
lhe Idaho Giant Mining company 10
'eofse Huston VI Mulian, Idaho, 3 nin
~ aeal which means tAe uniOn ~ fhis
property with tAe boulaer Geek Min.
~ company and ihe Bitter Root Noun.
'''p A'in'nf company properties paa
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Hopeiiint HiN IA unaer one manaae.
nepi ala Hli Le controlled by D 90
'piHiipn tnonp IA 49, Nosfeip Desel
'infni company
Newport Recent reports flom fhe
N''sNnaI u|nf fefen milff nalll oil
'fNpp'i Indicate ilai ~ plopefly nIll
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