Bonners Ferry herald. [volume] (Bonners Ferry, Idaho) 1904-current, 1915-05-07
THE COEURD' ALENE
MINES PAY WELL
NET PROFITS OF YEAR 1914
OVER 100000, ACCORDING
TO THE REPORTS.
HERCULES STILL THE LEADER
Total Extraction Was 1,eoo,s2o Tons
With Gross Value of $16,784,587
Companies Report Improve
ments of Nearly Million.

Net profits of the Occur d'Alene
mines for the year 1914 were over
100000, exceeding the figures for
1913 by over 100000, according TO re
ports filed with the assessor of Sho-
shone county, Idaho, of the gross re-
ceipts, profits and tonnage.
The total figure announced at the |
assessors office III Wallace was s4,-
937,693.51, with the Hunter and Stew
art mines not reported The Tama-
rack and Custer mines announced net
profits of $1S7,063.93 and gross value
of output, sS2S,961.31. Tamarack ex-
tracted 20,6S5.6 tons of ore during
the year and expended $40, 1924 for
betterments.
Observation-Disclosures reported net pro-
fits of $1S2,255.77 and gross value of
output at s957.35S.92. Ore extracted
amounted to 1864 tons and $13,541
was spent for betterments.
Marsh and Success reported losses
in the years operations, the deficit
of Success being $23,946.16
Other mines reporting are as fol
lows: Hercules profit S6S,761.S1;
Caledonia, 1882 ,S5701; Sierra Nevada,
S159, 1886; Bunker Hill & Sullivan,
1902, 599.41; Hecla, s196, 1867; Fed
eral Mining & Smelling company of
Mullan, $99,12216, Wardner, $7,942.77;
Dreen Hill-Cleveland, $1,046 sos.
Producing mines in Shoshone coun-
ty have reported net profits of $4,937,-
Coz
this year Accord ng to the reports
the total extraction was 1,60O,92O
tons, and the gross value was $751;
7S4,5S7. To extract this tonnage cost
S., 7S0,S97, while transportation and
reduction cost $3.50 147. The 10
mines report the installation of per
manent improvements and better
ments costing s7Ss,7S2 during the
year.
Only three of those reported show
loss for the year. The Gold Hun
ter, for the 18th consecutive year
since the net profits assessment law
went into effect, reports loss of APP
proximately s45,926; the Snowstorm,
which for 1913 reported a net profit
of $137, 455, reports a loss of $22,394,
and the Success, which last year re-
ported net profit of $3.50, had a
net loss of 1923 GAG. The Ontario Min
ing company, which last year reported
profits of $1S3,791, and the Stewart
Mining company, which reported prof
it's of 1851, 432, have not filed their
reports for 1914 operations.
Monthly Output 133,41o Tons.
Some interesting figures are OBJ
tanned from the reports filed, show
ing the immensely of mining opera
tions in the district The monthly
output of the 10 mines was 1873, 410
gross tons and the daily output was
$500 tons. The monthly gross value
was $1,397,049 and the daily value
s46,56S. 1t cost s4S1 TAI month and
$16,05S a day for miners to extract
this tonnage. The railroads and
shelters received monthly s446,4 1929
and daily s14,S80 for transportation
and reduction. The monthly profits
were S411,474 and the daily profits
$13,715.
The monthly richness of the Gale
, | QOuld OI6o 10 ouOWn III thC ltpOAb vi
that company, it costing s64,9S7 tc
extract 22,336 gross tons, valued al
s560,958.
1914 Profits Above S5,5o0,0oo
1t is estimated that the total net
profits for 1914 will be more thar
$5,5O0000 or approximately s750,0OC
; greater than for last year, in the face
of curtailed output, due to the Euro
pean war and adverse metal markets
Prospects for record output this
> year are bright and enormous profits
are anticipated, as every mine in the
$ district is being operated. The 1911
e output ranks second for the last Il
= years, only exceeded by 1907, wheI
= net profits were s6,436,756. 1t is close
; ly followed by the 1908 profits, IS,
$ S43,3 80, and establishes a new higl
: point for gross value.
MAJ, XorL Natal Market