The Daily Missoulian. [volume] (Missoula, Mont.) 1904-1961, 1910-01-09
MILLIONS PAID OUT
BY MINES
DIVIDENDS OF PROPERTIES IN
TIE coEUR o'AIENes PROVE
ENORMOUS.

hundred thousand Go.iars is given out
10 be a conservative estimate nj the
amount paid in dividends by the mines
in the Occur d'Alcne district. The list
is headed by the Federal Mining &
smelling company which paid ss3o daa.
followed by thc Bunker Hill & SuIli-
van~company. which disbursed s6i5.10a.
mostly at the rate of $4,000 "A month
The Herc,ses company is given third
place with $250,660. though this means
a reduction as against the amounts
paid during former years. II is ac-
counted for by the destruction of the
smelter last September. since which
time the company has sent only ship
ping ore To the smelters Snowstorm
mine. the only copper producer in the
district, did no. pay dividends every
month during 1909. but the total
amount is given as Sees 600 The div
idends paid by the Hecla were not
made public during the early part of
1909, but it is stated on presumably
good authority that the total paid was
Se00.000. and that several monthly dis.
bursements exceeded the regular pay
ment of s10.ae0.
Miners and prospectors operating in
the Occur d'Alene district are looking
forward to the most prosperous year
in the history of 1910. and indications
are that several properties viii he
added to the shipping list. Those who
were developing new prospects have
planned their work, patented claims
and worked on them, and brought their
properties up In a stage where they
can begin working them for profit I'M
der improved and improving condi-
TORS. This applies to the whole dis
trict, in every section OF which there
has been much prospecting and many
claims located. Inquiries among hrok
ers and promoters show that money is
coming into the district In large sums
for investment in new properties. 1t
is said that much of this is from To-
calities where il was impossible a year
ago. or even less. TO interest anyone
in properties of proved merit. Tho
number OF men working in prospects
and new properties is double the num-
her year ago. Contracts for develop
ment work are being awarded almost
every day. while the recording of new
claims takes thentime of one clerk.
Carney Copper company's property
at Mullan. Idaho, has reached such a
state Of development that the share
holders may look to the opening of big
ore bodies in the No. > tunnel I'm the
near future. Five hundred and thirty
feet of tunneling, drifting and cross
cutting was completed In 1909. Two
htlndred and ten feet was done on No.
level, where il has opened up one Of
the most rcna rkable sfoM,ngs d: cop
per caicopyritc and carbonate ore In
northern Idaho. This ore. shoot has
been developed 200 feet in length and
more than 40 feet I'M width. and the
ore lying on the loft of the tunnel con-
tinues into the mountain. Fine speci-
mems of ore float have been found fur
ther up the mountain and this fact
bears out the theory that the further
this body of ore to the left Of the tun-
mel is followed. the better IL viii be.
Three hundred and twenty feet of tun-
neling and prosecuting has been fin
ished on No. level following n string
or of ore for more than 200 feet The
entire length Of No. 2 tunnel Is now
1890 feet, giving a vertical depth of
$40 feet. At this point n crosscut was
started north and at this time Is run
ming through ledge formation, CARRYING
copper. heavy flow of water has
been encot altered in the main tunnel
and the crosscut.
Silver Mountain Mining company.
operating between Wallace and Null
Ian, Idaho. a mile south of the Alice
property. is driving for depth on its
ledge and the work will be continued
throughout the year. There are four
claims and the tunnel. now in 500 feet.
viii have To go S01 feet to cut the
ledge. This drift will give a vertical
depth of loo feet. On the upper level
800 feet of development work has been
done. showing ore in two places on
two strong veins. Lead carbanates
iron sulphides, zinc and gray copper
are exposed. The lower crosscut cut
stringer. or feeder. of this ledge
recently and the course of the tunnel
has been changed to follow this feeder
as II makes the breaking of the ground
easier. The feeder is four inches wide
and carries silver and lead.
d Milling company. operating a prop
erty near Osburn. Idaho elected these
officers for the year: President. Louis
Baiduc; vice president, f. NJ. carne-
nus; secretary, c. J. johnson: treas
urer. Charles Williams. These officers.
together with c. w. Parks. constitute
the board of trustees. The report of
the treasurer shows the company To be
In fine financial condition. having
plenty of funds for the prosecution
Of extensive development work. which
Is Ia be resumed at once. The prom
erty. known as the old Wisconsin
group. has been developed by shaft
and 900 feet OF tunnel. Good show
ings have been made and considerable
ore shipped from the property. Ample
power for the compressors used i'm the
work is furnished by a
plant owned and operated by the com
pany.
Stewart Mining company has issued
financial statement. .showing the
treasury contains ss.095 in cash. Other
properties are. Supplies. si.iaI: