Elk City mining news. (Elk City, Idaho) 1903-1913, 1911-03-30
AMERICAN PROPERTIES DIS
TRIBUTE over $l4,OOO,OOO
In PAST TWO MONTHS.
And This in Spite of Low Prices and
Observation-Disclosures of Dividend
Payers Increase-Coeur d'Alene Dis
trict Making Great Record-Pro-
duced Nearly S1S,ooo,ooO in 1870

Certainly there is cause for 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, it has been possible, despite con-
tinued general low price conditions and
production curtailment, for 62 mines
and works to distribute among share
holders $14,020,S75, says Denver
paper. In addition to these satisfac-
tory dividend returns are the disburse-
ments of five securities holding corpor
ations, which, for the two months of
the year, have divided among widely
scattered shareholders $2,294,027.
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
So, 762,234 in the amount of dividends
paid.
1t is also pleasing to state that the
62 companies participating in the 1911
years of their operations to divide
among fortunate stockholders the enor-
nous total of 1894 ,19s, 1875. On the
combined issued capitalization of these
60 companies-$43 ,22O, 9O9-this makes
a return equivalent to 81 per cent.
Of the 90 mines paying dividends
this year, As are classed as gold-silver-
lead-zinc producers, and their disburse-
ments totaled $6,s76,o3o, as against
$4,S37,1 31 paid by 43 companies dur
ing the same period in 1910. Since in
corporation the As companies mentioned
, have divided among holders of theil
stock total of $125,052, 597, 90 pei
! cent return on their $135,735,459 out
standing capitalization.
Twenty-Five of these As companie
! operate properties in the United States
{ and they contributed to the two
: months total $3,5ss,722, and since in
+ corporation $S6,419 $40, a 80 per cen
! return on the $95,s3s,3 1881 issued capital
In Idaho.
. Mines in Shoshone county, in tn
n Occur d 'Alene district, contributed min
T erals of a value of $15,275, 024.15 of
:. total ore production of $17,135, 695.90 i
e Idaho in 1910, according to a repor
{ compiled by R. Cushing Moore, stat
. mine inspector, as follows: Gold, 311
q fine ounces, $64, 3S3.70; silver, S,262,27
IS fine ounces, $3,S15, $1,000; lead, $50
= SOC pounds, $40, 34s, 177.s0; copper, 5
g 0O3, $40 pounds, $645, 469.42; zinc, 5,995
g 600 pounds, 1898, 1880. The productio
II in 1909 is estimated at $13,723, LOG. I'll
"a output of the district since its discover
o. in 1885 is placed at $210,000,o0o. Onl
two properties worked to depths
tie more than 1000 feet, have been e
al hausted during the last 25 years. A..
n The Bunker Hill and Sullivan mil
40 has been developed to depth of mo
I'd than 5000 feet on the dip of the vel
Il. The Standard and Mammoth is at abo
Of the same depth, while the Morning h
nd 27OO feet and the Hecla and Hercul
p have fully 1900 feet each, with no a
re parent diminution in the quantity
~ grade of ore. Interesting geologic
do conditions have been exposed in t
a Bunker Hill and the Morning mines.
no the Bunker Hill the vein in descend
is virtually paralleling the beddi
at planes of the sedimentary series,
OF which all the ore bodies of the distr
be occur.
ret The Bunker Hill and Sullivan
he maintained its remarkable Quit
throughout the year, having produ'
approximately 7O,OOO,oOO pounds of le
and 1,245,OOO ounces of silver. A sh
has been sunk and levels opened up
lie depth of 1900 feet below the low
ate level, developing the vein more Il
sh- 5000 feet on its dip beneath the az
ey, An additional unit of 500 tons daily
in pacity is under construction to Civ
yed milling capacity of 1000 tons.