Bonners Ferry herald. [volume] (Bonners Ferry, Idaho) 1904-current, 1913-01-17
MINING NEWS OF NORTHWEST
Gathered from Exchanges Since Our
Last Issue.

Mullan will soon pass into the hands |
of the Federal Mining Co. at a pur-
chase price of S750.00O.
The report of the CRANKY Smelling
company for the week ending January /
8, shows 22,299 tons of ore treated al
the Grand Forks smelter.
Traffic on the Copper River & North
western railway, which has been in
terrupted since the great snowslide at
Mile 81 on December 81, has been re-
sumed.
Circuit Judge Heard at Chicago de-
MED the plea of Mrs. Grace Guggen-
heim-Wahl to set aside a decree OF
divorce from William Guggenheim, the
copper magnate. The decision ends
three years of litigation.
Estimates of the amount involved in
mining deals transacted in the north
west during the year 1912 place the
figures at approximately S2,500,000.
This is a greater amount than has
changed hands for several years.
According to a dispatch from Van
couver, B. c., it is the intention OF
stockholders of the First Thought
mine, in the Orient district of Wash
ington, to erect 5O-ton oil burning
smelter to treat ore from the mine.
The regular quarterly dividend paid
by the Snowstorm Mining Co. on Jan
uary 10 amounted to $4,000. The dis
bursements were at the rate of 3 cents
share and brought the total amount
paid to shareholders up to $1,129,670
Control of the Nugget mine in the
Sheep creek district of B. c., along
with other properties of the same dis
trict, have been bought by a group OF
capitalists headed by Robert S. Lennie
of Vancouver, B. c., according to re-
port.
Charles Swanson, old-time miner and
prospector in the Black Hills, was
burned to death in his cabin there
when, after the house had caught fire
from a lamp explosion, he lodged back
through the flames to rescue a bag OF
nuggets.
Preliminary estimates indicate a do.
nestle silver production in 1912 of
62,369,974 fine ounces, valued at $751;
9S2,414, the greatest output (though
not the greatest value) since 1892,
when the production was estimated at
6S,500,O00 ounces.
At Chicago, Saturday, Judge Lands
issued an order generating the Great
Western Smelling & Refining company
from connection with the shipment OF
metal alleged to have been stolen
from the United States navy yard at
Mare Island, Cal.
report from Mullan states that
the Hunter mine, near that place, has
recently disclosed the richest body OF
lead ore ever discovered in that prop
erty. The discovery is said to con
sist of nearly 40 inches of high-grade
lead-silver and an immense quantity
of milling ore.
Reports from San Francisco last
Monday stated that the Bunker Hill
& Sullivan Mining and Concentrating
Co. is paying it's initial dividend fol-
the year, amounting to $65,4O0. This
makes the total dividend to date
$13,977, $50, and gives that company
the fifteenth place among the divi
dend-paying mining corporations Of
the United States.
The Chesaw, Wash, district is ex
/ periencing the usual midwinter activ
: ity in mining. The Ben Harrison has
( put 10 men to work, the Apex crew il
} driving drifts on the 375-foot level, The
: u. S. T., Saranack, Butcher Boy anC
! others have started up lately, and OF
, Copper mountain a great many CLAIM
owners are doing assessment and ex
, ploratory work.
5 British Columbia is by far the rich
: est mineral-producing section of Can
ada. The gold production of the do
minion for the year 1911 is placed OF
ficially at $9,922,0S5, of which $5,151
SIP came from British Columbia; tn
= silver production at $16,545, 34s, o
which $95S,293 came from British CO
lumbia; copper at $7,093,25S of whicl
$4,571 GA came from British Colum
/, ) bia; lead at $1,069,521, all of whicl
came from British Columbia; coal an
l. coke at $26,51O,s75, of which SCOTIA
was produced by British Columbia.
The total output of the lead-silve
mines of the Occur d'Alene district 70
> the year 1912 exceeded the 100000
mark and made that the banner yea
. for Occur d'Alene mining operations
u An average of $4,000 per day was pal
e. in dividends. A list of the principe
IS mines with the dividends paid is a
follows: Bunker Hill & Sullivan
d, $S5O,00O; the Federal Co., with II
j. three mines, Standard, Morning an
IL Last Chance, $s00,00O; the Hercules
u 100000; the Hecla, 100000; tn
Success, 100000; the Snowstorn
$4,000.
Il, New York.