Bonners Ferry herald. [volume] (Bonners Ferry, Idaho) 1904-current, 1913-05-09
MINES AND MINERS

President Glenn Stubs OF the United
Mine Workers of Western Canada ten
dered his resignation at a recent meet
ing of District Is.
A Spokane bank has purchased the
Idaho Refining and Smelling COM
panys property at Standpoint for $780,
600 at the sheriff's sale.
Thomas II. larry, aged 60, and r.
T. Brown, aged 80, both miners in the
Last Chance in the Occur dAlenes,
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 $250,736.97
was made by the Stewart Mining Co.
during the last six months of 1912,
according to a report dated March 81,
lust made public in New York
Negotiations for the purchase OF a
control of the Nugget mine In the
Sheep Creek district of British Column
bia, opened by Robert S. Lennie and
associates of Vancouver, with W. b.
("Lucky Bill'D Poole of Spokane and
associates, several months ago, have
been contaminated, according to re-
port that has reached Nelson. 1t is un-
derstood that the sum involved is in
the neighborhood of S125,000.
The British Columbia Copper Co.
has a greater reserve of ore in sight
in it's 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 100000
shares of stock in the North Washing
ton Power and Reduction company by
j. 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 VI
very favorably in contrast with that o.
last year. All of the principal devel
oped properties are increasing theil
output or planning to, and the smaller
ones are endeavoring to get in shape
to produce, while many mines tina
heretofore have been regarded al
mere prospects are developed to
point that entities them to place
J among the legitimate mining enter
prises of the Inland Empire.
The year ended December 81, 1912
was the most prosperous in histor.
for the mining companies operating il
the Coeud d'Alene district of Idaho
= according to the annual statement JUS
filed with the assessor of Shoshon
, county by the six largest companies
showing net profits of $3,305,551, a
against $2,S26,779 for seven companie
in 1911. This is approximately $1,000
600 greater than the record for 1910
The total of ore extracted was 2,412
} 100 tons. The Bunker Hill and Sull
van company leads with $1,O19,O2
profits. Federal which held secon
place in Ill, is surpassed by the Hell
cules, credited with $716,763.
Metal Market-New York.
Bar silver, GOO; Mexican dollars
4sc.
Copper-Firm. Standard, spot t
July, 14.75@15.25; electrolytic, $15.75
lake, $15.s7; casting, $3.50.
Lead-Firm, $3.50.
Spelter-Easy, $5.50@5.55.
Tin-Quiet. Spot, $49.75Q50.12.
Antimony-S Steady. Cookson's, SO.
Copper exports this month, 34,O2
tons.