The Daily Missoulian., 1913-03-16
NOTES OF MINING

Mullan, March 5.-tSpecial) The
Importance of the Coeur d Alene min
ing district is evidenced by the fact
that during the year 1912 according to
state Mine Inspector Robert n. Bel
an his fourteenth annual report the
! district produced S4 per cent of the
total value of all ores found in the
! state. During that period the state
produced $22029327 worth of ore, Sho-
shone's proportion to that amount be-
/ ing S1S,491, 43S. The production for the
/ district is divided as follows: Gold,
fne ounces, 4,446.6, valued at s91, ,911:
silver, fine ounces 7,364,5S1 valued at
$44I9S77: lead, pounds, 273,347,S13, val
ued at N2,11S,6 64S; zinc, pounds, 49,
94S,Si0, valued at S1.106 500; copper,
I pounds 4,199,2S0 valued at 1894, 500
The mineral production of the state in
creased during the year 81, 759, 155 over
| the figures of 1911. During the past
I 10 years Idaho has produced over
$234, 1855, eighty per cent of which
| IS credited to the Coeur d'Alenes. The
district is now producing almost one
third of the lead mned in the United
ID
Hill and Sullivan mine the largest
single producer of lead-silver ores in
the world, During the year the mines
of the district distributed on an average
of over $4,000 per day in dividends paid
to stockholders. the total dividends
for the year being over $4,000 900 Five
/ thousand miners are employed in the
district, their wages annually amount
ing to over 100000 The capacity of
the Bunker Hill milling plants is given
! as 100 tons per hour.
The Federal company has declared a
dividen of 112c per share on its pre-
ferred stock. payable March 49, to the
stockholders of record at the close of
business February "a The dividend
amounts to s1S0O0O This is the regu-
! lar quarterly dividend, and is the first
to be paid for the present year. The
present payment brings the total divi-
dends paid to $10,249,7 $50 OF this
amount $7,5il,0 600 has been paid on pre-
ferred stock and $2.70S,75O on common.
The last dividend on common stock
was in January, 1909. There are 120,-
600 shares of preferred and 10000
shares of common.
The Carbonate Hin property near
Mullan has been closed temporarily
until new arrangements can be mad,
for development work. The company
contemplates the installation of ma
chinery for sinking on the ore body
opened in the lower tunnel. This ore
will average about $35 per ton largely
in zinc values.
The Highland Surprise company on
Pine creek, below Wardner- Kellogg,
report the discovery of a vein of lead
silver ore on the Highland claim os
the group. The vein is said to be
over three feet in width, and carries
| I' to u inches of clean ore, the bal
ance being mill ore of good grade.
, The company is a recent consolidation
of the Surprise and Highland Chief
companies and is well equipped with
q milling plant.
MuIlar stocks led the trading on the
Spokane stock exchange last week
Missoula Copper being first with $4,000
shares, SnOWshoc, Lucky Calumet
Copper King and Silver Gable also
| Figured heavy in the trading.
The National company has again
opened its ore body in one of the east
I Crosscuts, finding a better grade of
SulPhlde copper ore-than in any cross
cut Yet opened. The ore body is over
l0o 1e"t in width, and will probably
average around ~ to 3 ner cent con-
Per, with some silver vhlues. The
company recently installed a diamond
drlIl Tor prospecting the ore body from
the main drift. The drill is now in
operation, but with what results is
not known. That the National is a
mihe IS conceded by all who have
visited the property since the ore body
was encountered. To operate ii profit
ably 1T will be necessary to have a
milling plant similar in character to
that now in operation at the Snow
storm mine. The National is on the
/ ShoWstorm vein system and adioins
the Copper King, Missoula Conner and
independent groups, also on the same
/ Vein system. The Calumet and Snow
shoe are further east on the same svs-
! tenn, between the National and Snow-
storm. The belt on which these
properties are located is destined to
/ become an important factor in the
mineral production of the Mullan dis
trlct in the next few years. National
STOCK now commands price Of As
cents per SHARE and the Snowshoe
company has been offered l21s cents
per share for its holdings by men who
are conversant with the existing con-
ldltlons at the mine and of the possi-