Camas Prairie chronicle. [volume] (Cottonwood, Idaho) 1901-1917, 1911-03-24
Mines BRING RICHES
AMERICAN PROPERTIES Dis
TRIBUTE over $l4,O0O,0OO
In PAST TWO MONTHS.
And This in Spite of Low Prices and
OBSERVATION-DISCLOSURES of Dividend
Payers 1ncrease-Coeur d 'Alene Dis
trict Making a Great Record-pro-
duced Nearly s1s,ooo,ooo in 1910.

Certainly there is cause for a feeling
OF optimism among American mine
owners and operators, when, according
to recent reports, it is shown that, al.
though the year 1911 is but two months
old, 1t has been possible, despite con
tlnued general low price conditions and
production curtailment, for 62 mines
and works to distribute among share
holders $14,020,S75, says a Denver
paper. In addition to these satisfac-
tory dividend returns are the disburse-
ments OF five securities holding corpor-
atlons, which, for the two months of
the year, have divided among widely
scattered shareholders $2,294,O27.
Comparing these distributions with
those of the same period in 1910, there
is shown an increase of 10 in the num-
Der of companies contributing and of
$3,162,234 in the amount of dividends
paid.
1t is also pleasing to state that the
62 companies participating in the 1911
disbursements have been able in the
years of their operations to divide
among fortunate stockholders the enor-
nous total of 1894, s,195. On the
combined issued capitalization of these
81 compaai $431 ,22O, 909-this makes
return equivalent to 81 per cent
OF the 81 mines paying dividends
this year, As are classed as gold silver
lead-zinc producers, and their disburse
| 1ol de O
$780, 31 paid by As companies dur
ing the same period in 1910. Since in
corporation the As companies mentioned
have divided among holders of their
stock total of $125,O52, 597, 90 per
cent return on their $135,735,459 out
standing capitalization.
twenty-five of these As companies
operate properties in the United States
and they contributed to the two
months total $3,5SS,722, and since in
corporation $50, $40, a 90 per cent
return on the $95,s3S,3S1 issued 1apital
In Idaho
Mines in Shoshone county, in the
Occur q 'Alene district, contributed min
erals of a value of $15,275, O24.15 of a
total ore production of ST. ,135, 695.90 in
Idaho in 1910, according to a report
compiled by R. Cushing Moore, state
mine inspector, as follows: Gold, BIO
fine ounces, 1854 ,3S3.7O; silver, S,262,27
fine ounces, $3,S15, 579.62; lead, 1885,
500 pounds, $1O,34s, 177.SO; copper, s.
003, $40 pounds, $645, 1894 zinc, $685.
600 pounds, 1888, 513.6O. The production
i'll 1909 is estimated at $13, 1923, LOG. The
output of the district since it's discovery
in 1885 is placed at $21OOO0,OOO. Only
two properties worked to depths of
more than 1000 feet, have been ex-
hausted during the last 25 years.
The Bunker Hill and Sullivan mine
has been developed to a depth of more
than 5000 feet on the dip of the vein.
The Standard and Mammoth is at about
the same depth, while the MGrning has
27O0 feet and the Hecla and Hercules
have fully 1900 feet each, with no APP
parent diminution in the quantity or
grade of ore. Interesting geological
conditions have been exposed in the
Bunker Hill and the Morning mines. In
the Bunker Hill the vein in descending
is virtually paralleling the bedding
planes of the sedimentary series, in
which all the ore bodies Of the district
occur.
The Bunker Hill and Sullivan has
maintained it's remarkable output
throughout the year, having produced
approximately 7O,OOO,O0O pounds of lead
and 1,245,OOO ounces of silver A shaft
has been sunk and levels opened up to
depth of 1900 feet below the lowest
level, developing the vein more than
5000 feet on its dip beneath the apex.
An additional unit of 500 tons daily ca
pacity is under construction to give a
milling capacity of 1000 tons.