The Daily Missoulian. [volume] (Missoula, Mont.) 1904-1961, 1913-02-06
COMPANY
BUYS MINES
BIGGEST coEuR D'ALENE CON-
Germ EXTENDS ITS LIST
OF PROPERTIES.

Mullan, Feb. 5.-(Special. )-Several
months g The Muscular published
an article reporting the sale to the
Federal company on a longtime bono
O. a large group of claims lying be-
tween the Morning mine at Julia
and the Helena-Frisco mine at Gem,
and which included the Star and Frisco
mines. A few weeks ago the Federal
completed a deal for the purchase of
the Star nine, and has now taken up
it's option on the Frisco by paying
$3.50, 600 for the mine. This purchase
includes the milling pant of the Frisco
and gives the Federal control of the
east and west ends of the extensive
group of claims mentioned. All the
ground that now remain to be taken
up is the Flynn group, the lvanhoe
property and the Bell. The Federal
interests have been quietly buying
Bell stock for some time. The Bell is
owned by John "A. Finch and assoc
ciates of Spokane, Henry Wick and
associates of Youngstown, Ohio, and f,
III. Moffitt of Wallace. The Flynn
group is held by widely scattered in
dividual interests, on most of which
the Federal already holds an option.
The Ivanhoe property is controlled by
Mu1lan people who have not yet en-
tered into any agreement with the
Federal regarding its purchase. Since
Harry L. Day assumed the manage
ment of the Federal steady purchases
of mining ground have been made, and
the Federal now owns the largest
group Of claims of any ~company'in the
district. The M~orning-Frisco merger
is the largest number of claims in any
one group! The Frisco mill will great
ly increase the company's milling ca
pacity, and from present activities by
the it is believed thai the.
ground in this group will be developed
from both ends, the Morning mine at
Mullan. and the Frisco tunnels at Gem.
The group covers the Morning and
Frisco vein systems, and for many
years has been considered as valuable
ground, but has never been pros
pected at great depth. The Federal
company also owns the old Tiger
Poorman milling plant, which has been
idle for several years, and this is also
in easy reach of the portal of the
Frisco workings. 1t mas been rumored
for some time that the Federal and
Day interests would combine into one
company, hut this cannot be verified,
!, The Days owns the Custer Console
dated and the Hercules, two of the
| best mines in the district.
At the annual meeting of the Tama-
| rack and Custer Consolidated Mining
!, company the following officers and di-
r%ectors were elected: Jerome j. Day.
president and treasurer; Eugene r.
y Day, vice president, and Harry r..
!. Day, secretary and general manager.
Ramsey M. Walker. Frank M. Roth
rock, E. H. knight and Edward Boise
complete the directorate. The COM
pany has shipped five cars of ore since
9 the resumption of operations under the
r consolidation, and intends to increase
8 the untput until the mine and mill will
be producing at its capacity. A great
deal of ore has been blocked out in the
mine ready for treatment, and a new
milling plant just completed.
N. r., Hardy of Kellogg, secretary of
o the North Bunker Hill company, has
NAS>" ~ 'AR " Nv hilNltS "
; 200 feet of tunnel. The tunnel is nov
in 1900 feet. The property adjoins
the caledonia and Bunker Hill mines
Rival smelling companies entering
the Occur dAlenes in opposition tt
the American Smelling and Refinins
company nave reduced smelling rates
on Occur d'Alene ores Sc per ton
which means in excess of 50, 500, OOt
added to the yearly profits of thu
mines of this district. The first com.
pany to secure a reduction of smeltine
rates was the Hecla, which secured
contract from the International Smelt.
ing company of Tooele, Utah. TIL,
Marsh Mining company, ontario, Mon,
arch, Jack Waite, Bear Top, Blacl
Horse and Terrible Edith have fol
lowed suit, and now have their ore!
treated at Tooele. The American
Smelling and Refining COMPANY ais,
reduced it's rates Sc to meet the com,
petition, except in the case of the Fed
eral company, which has a 21-yea
contract with the smelling compan,
at 1922 per ton. 1t is estimated tina
the Federal is losing $500. 900 per yea
aiiaSi ILLS tofllIdcl, as compared Wit
the other rate Of SIG per ton. Tn,
monthly output Of the companies is an
proximately as follows: Federal, 500
tons; Bunker Hill and Sullivan, 500
tons; Hercules, 5000 tons; Stewart
5000 tons; Hecla, 1000 tons; Hunter
1000 tons; Ontario, 1000 tons. Marsh
500 tons. and the Murray mines ar
credited with $50 tons. making a tota
monthly production of 24,S5O tons
which would mean, under the ney
smelling rate. a saying of s149, 100 pc
month over the old ate. Since tn
above figures We're compiled, tn
monthly output of the district has beel
increased by the addition of othe
mines to the shipping lis namely tn
Success, Caledonia and Tamarack
Custer Consolidated, and the Snow
storm mine at Mullan, which will in
crease the total saving under the ne,