The Owyhee nugget. ([Silver City], Idaho) 1905-1984, 1911-06-29
SOME MINES IN
NORTH IDAHO
Heica and Kendall Mining Com
panies Turn over $4,000
for Month of June


Thirty thousand dollars ia dividends
Tor June was disbursed BY the HecIa
and the Kendall Mining companies.
operating in the Coeur Alene district.
The former paid $40, 900 as its 96th div
ldend at the rate of two cents a share
on 100000 shares of par value Of 25
cents each. The company has paid
$4,000 since the beginning of 1911, and
grand total Of $2,2OO,OO0 to date. or
nearly nine times the par value OF it's
stock The Kendall's 10Th dividend was
at the rate of 2 cents share on 500 600
shares OF a par value Of 81 each, making
total disbursement of $t0,Ol0 since
January /, 1911, and 81 1886, COO to date,
or more than two and half times the
par value Of the stock.
E. J. Carter, who introduced the
Stewart and Caledonia stocks of the
eastern market and now is arranging to
place the stock of the Idaho Continental
Mining company, said on returning to
Spokane from New York that silver-lead
mining propositions now are generally
recognized as stable investment enter
prlses. OF all minerals today, lead is in
the strongest position, he added. The
demand for lead ores bv smelters never
was SO great as il is now, and there is no
danger Of over production, such as is
threatened in the copper industry by
the porphyry coppers. As a conse-
quence silver lead mines and stocks are
in big demand by the best class Of
investors
Sixty FIVE tons OF ore is the average
daily output Of the leased mill in opera
tion al the Marsh mine. The company
has shipped concentrates of gross value
at the smelter of $24, 800 in six weeks.
The net returns, after deducting freight,
treatment charges and operating ex-
penses, was $4,000. The output Of the
mill win be larger in the future, as will
that of the mine. The management
contemplates making an output Of so
tons day All the ore will be taken
from slopes above the No. tunnel and
from the old dump. Little or no ore
has been stopped from the rich ore shoot
below the No 2 level, where it has been
developed by a shaft to an additional
depth of 200 feet. Work will be resum-
ed on the shaft in July and will be sunk
300 feet more. The company was in
and financed entirely by
and Spokane men. Its issued
capital is 81, 100000. It owns the Marsh,
or Cooney group, adjoining the Tiger
Poorman mine at Burke.
When the Hunter mill resumes oper-
ations in short time its capacity will
be 45O tons daily instead of 800 tons
as formerly. The improvement work at
the mill during the temporary shut
down consists of the construction and
equipping OF sorting plant, the re-
of the mill and the installing
of new set Of trummels and new clas-
also the installation Of motors
to take the place Of horses used hereto.
fore in hauling out from the mine.
Meanwhile the men will be employed in
cutting new station in No. tunnel
and the installation of two-compart-
ment hoist. When the hoist is installed
and operations begin one compartment
viii be used in continuing the develop
ment Of sinking the shaft and the other
in hoisting ore.
George f. Martin, president of the
Carbonate Hill Mining company, whose
property is near Mullan. has received
reports that the entire face Of the tun-
mel has been in good milling ore for
several days.