Elk City mining news. (Elk City, Idaho) 1903-1913, 1913-05-22

Dividends aggregating nearly ST.
$4,000 were declared this week by
the American Smelling & Refining Co.,
according to a report from New York.
Beuthen, Germany-The strike of
10000 coal miners in this district,
which began on April 81, was called
off May IL by the Mems Trades union
owing to the hopelessness of attaining
success.
The report of the British Columbia
Copper Co. for January and February
state that it's smelter at Greenwood,
IB. c., produced during the period
1,3SS,572 pounds of blister copper, 1924
ounces of gold, and 16,703 ounces OF
silver, valued at approximately $780,
900. January was credited with the
heaviest output of blister copper, to-
tai of 72O,260 pounds having been
shipped.
The Cranky Mining, Smelling &
Power Co.'s net earnings for the first
quarter of 1913 were approximately
$4,000 according to the official re-
port for the period, just issued, and
for the first nine months of the fiscal
year they were SCOOPS. The grade
of the ore being taken from the Phoe-
nix. B. c., mines is said to be better
than at any previous period in the
company's history.
Reports from mining companies OPP
Grating in the various mining districts
of the Pacific Northwest continue to
show exceptional increases over the
| q 0f 10 hn oil cfo
ments just filed by the six largest
companies of the Occur d'Alene dis
trict show net profits of $3,305, 551, as
against $2,S26,779 for seven compan-
les in 1911. This is approximately ST.
100000 greater than the record for
1910. The total of ore extracted was
2,412,100 tons.
Occur d'AIene Mines.
The magnitude of the mining indus
try in the Occur d'Alene district can
best be gained by a resume of the an
nual reports just filed by the produc-
ing mines of Shoshone county, COM
posed of the Alice, Bunker Hill and
Sullivan, Caledonia, Federal (operat-
E ing the Standard at Mace, the Morning
at Mullan and the Last Chance at
Wardner), Gold Hunter, Green-Hill
Cleveland, Hecla, Hercules, Marsh,
Ontario, Snowstorm, Stewart, Success,
Surprise, Tamarack and Chester Con-
; solidated, Tyler Lease and Interstate
Callahan Consolidated companies.
The gross tons of ore extracted dur
ing 1912 was 1,SSS,244 This yielded a
@f 4 ncf
$5,S26,37473 to extract it from the
!, mines and $5,O95, 617.S3 to transport ii
!, to the smelter and get it reduced In
addition to this the companies paid
out $500, 1885 in betterments and re
! pairs to their mines and mills, leaving
a net profit for 1912 of $3,5S9, 501.1S.
= OF the 10 operating properties in
}, this district during 1912 only three
J. reported loss for the year.
= The gross yield per ton of ore was
g SS15. The cost of extraction per tor
t was $3.50 and the cost of transporta
). ton and reduction per ton was $3.50
y leaving a net profit per ton of $685.
o The cost of extraction amounting t
5, $5,926,374.73 and the cost of better
ments amounting to $500, 1855, aggre
eating $6,S27, 1606S, is practically al
spent within the district, the principa
item going out of the district being
/ for machinery, which can not be manu-
= featured here.
Metal Market-New York.
n Copper firm. Standard spot, to July
d $15@15.5O; electrolytic, $15.75; lake
r. $15.S7 casting, $3.50.
n Tin-Easy. Spot and May, $500
" $3.50.
Steady. $3.50 bid.
Antimony-Dull. Cookson's, 50.
70 Bar silver, GOO; Mexican dollar:
al 4Sc.
oI The decrease was in excess of a
ID estimates and compares with redu'
ID ton of about 100000 pounds in tn
preceding month Production fo
IN April was very little less than i
IL March, but total deliveries increase
it. almost 100000 pounds, due largel
is to foreign demand, which was create
10 by over 100000 pounds.
e. Exports of copper this month, 93s