Clearwater Republican. [volume] (Orofino, Idaho) 1912-1922, 1913-05-09
N N MINERS

MINES AND MINERS
President Glenn Stubs Of the United
Mine Workers of Western Canada ten
dered his resignation at q recent meet
ing Of District Is.
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. Tarry, aged so. 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 a pile driver
at Harrison Mills, B. c.. on the line OF
the Canadian Pacific railway, accord.
ing to q report from Chilliwack.
An operating profit Of $2S0,73e.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 q
control Of the Nugget mine In the
Sheep Creek district Of British Colum.
bia, opened by Robert 8. Lennie and
associates Of Vancouver, with w. B.
("Lucky Bill") Poole Of Spokane and
associates, several months ago, have
been contaminated, according to = re-
port that has reached Nelson. It IL un'
derstood that the sum involved IL In
the neighborhood Of x1s5. 5000.
The British Columbia Copper Co,
has = greater reserve Of = In sight
In its properties In the Copper noun
tain region Of British Columbia than
ever before. according to Z recently 10
sued statement by Newman Erb, pres
ident Of the company, In connection
with the announcement that more az
tensive development and operation Il
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 Consoli
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 q consolidation, defeating
the plan to merge the two.
The mining industry In all the prin'
cipal districts continues to show uI
very favorably In contrast with that Of
last year. All of the principal devel
Ioped properties are increasing theil
output or planning to, and the smaller
ones are endeavoring to get In shape
to produce, while many mines that
heretofore have been regarded aa
mere prospects are developed to q
point that entities them to q place
among the legitimate mining enter
prises Of the Inland Empire.
The year ended December 81, 1912
was the most prosperous in history
for the mining companies operating ii
the Coeud d'Alene district Of Idaho
according to the annual statement JUS,
filed with the assessor Of Shoshont
county by the six largest companies
showing net profits of 1896, ISL, al
against 1926, 779 for companies
in 1911. This Is approximately $1,000,
900 greater than the record for 1910
The total OF ore extracted was 2,412,
100 tons. The Bunker Hill and Sulli
van company leads with $1.019.02t
profits. Federal, which held secont
place in Ill. Is surpassed by the Her
cules. credited with $716,763.
Metal Market-New York.
Bar silver. 6oc; Mexican dollars
48c.
Copper-Firm. Standard, spot te
July, 14.75016.25; ~electrolytic. $15.75;
lake, $15.S7; casting, $3.50.
Lead-Firm, $3.50.
Antimony-Steady. Cookson's, %.
Copper exports this month. 34.021
tons.