Elk City mining news. (Elk City, Idaho) 1903-1913, 1913-05-15
MINES AND MINERS

President Glen Stubs of the United
Mine Workers of Western Canada ten
dered his resignation at a recent meet
ing of District 18.
A Spokane bank has purchased the
Idaho Refining and Smelling COM
pany's property at Standpoint for $780,
900 at the sheriff's sale.
Thomas H. larry, aged 60, and r.
T. Brown, aged 80, both miners in the
Last Chance in the Occur d'Alenes,
died recently of pneumonia.
Oil has been struck by pile driver
at Harrison Mills, B. c., on the line of
the Canadian Pacific railway, accord
ing to a report from Chilliwack.
An operating profit of $2SO,736.97
was made by the Stewart Mining Co.
during the last six months of 1912,
according to a report dated March 81,
just made public in New York.
Negotiations for the purchase of
control of the Nugget mine in the
Sheep Creek district of British COlum-
bia, opened by Robert S. Lennie and
associates of Vancouver, with w. B.
CrLucky Bill') Poole of Spokane and
associates, several months ago, have
been consummated, according to a re-
port that has reached Nelson. 1t is un-
derstood that the sum involved is in
the neighborhood of $125,oo0.
The British Columbia Copper Co.
has a greater reserve of ore in sight
in its properties in the Copper noun
tain region of British Columbia than
ever before, according to recently is
sued statement by Newman Erb, pres
ident of the company, in connection
with the announcement that more ex-
tensive development and operation is
planned for the coming summer than
at any time in the corporations pre-
vious history.
BY the purchase recently of ESQ, 900
, shares of stock in the North Washing
; ton Power and Reduction company by
]. l.. Harper for the Harper CONSOLE
dated mines gives the Harper interests
= voting control in the power company
According to Mr.. Harper, this means
the operation of the Republic Mines
corporation holdings without the ne
cessity of a consolidation, defeating
= the plan to merge the two.
!. The mining industry in all the prin-
/ cipal districts continues to show up
: very favorably in contrast with that of
J. last year. All of the principal devel-
oped properties are increasing their
t. output or planning to, and the smaller
2. ones are endeavoring to get in shape
r to produce, while many mines that
r heretofore have been regarded as
IS mere prospects are developed to e
s. point that entities them to a place
i among the legitimate mining enter
" Of tbo Tn1o nd
The year ended December 81, 1912
was the most prosperous in histor.
for the mining companies operating il
al the Coeud dAlene district of Idaho
according to the annual statement jus
n filed with the assessor of ShOShon
a. county by the six largest companies
lie showing net profits of $3,305,551, a
o. against $2,S26,779 for seven companie
1, in 1911. This is approximately 81 200
s. 600 greater than the record for 1910
ID The total of ore extracted was 2,412
OIL 100 tons. The Bunker Hill and Sull
y van company leads with $1,019,02
-, profits. Federal which held secon
~ n, place in Ill, is surpassed by the Hell
cules, credited with $716,763.
or Metal Market-New York.
IN Bar silver, COO; Mexican dollar:
a 4sc.
rs Copper-Firm. Standard, spot t
M July, 14.75@15.25; electrolytic, $15.75
ng lake, $15.s7; casting, $3.50.
M, Tin-Quiet. Spot, $49.75 @5o.12.
he Lead-Firm, $3.50.
ed Spelter-Easy, $5.5O@5.55.
nd ntimony-Steady. Cookson's, SO.
M Copper exports this month, 34,Os
le. tons.