Coulee City dispatch. [volume] (Coulee City, Wash.) 19??-19??, 1916-10-26
MINING NOTES

An option to purchase the Queen
mine at Salmo, B. c., at price of
100000 is said to have been given
st. Louis parties by Manager E. v.
Buckley, representing the Wisconsin
owners of the property.
The Intefmountain Mining Co. of
Montana has contracted with the &C.
dar Creek Mining Co., a dredging
corporation, for the delivery of $50
horsepower of electrical current to
the mill on it's property at Iron Noun
tain, according to Harve H. Phipps,
secretary.
An operating profit of about $4,000
was made by the LIE Roi No. 2 mine at
Rossland during August, according to
the monthly report which has just been
received from the London Office of the
company. Shipments of ore totaled
1907 tons. Smelter returns were ST..
$50, being payment for 1887 tons. Pay.
ment for sundries was STA, giving
total revenue of $17,554. Ore produc-
ton cost $4,000, capital expenditure was
$626, and development, including dia-
mond drilling, was $1,000, making a
total of $7926.
The Nay Aug mine of the Wood
river country, Idaho, famous for more
than 80 years as contributor of rich
lead and silver ore, has passed to the
possession of Raymond Guyer of Spo-
kane, president and general manager
of the Rex Consolidated Mining Co.,
and ]. J. Baker of the Wood river
country. A syndicate of eastern men
may become identified with the de-
velopment. Although credited with
yield of $75O,oOO, the property was
obtained for $1,000. Large invest
ments in property and development
have been made in the Wood river
country recently, among those becom-
ing interested being the Federal and
several groups of Spokane operators.
Business is booming, construction
is extensive, and all mining opera
tons of the Occur d'Alene region
seems to be in full blast, except at
the property of the Tamarack & Gus
ter, and it's inactivity is due to the
erection of tramway to connect the
mine with the Frisco mill. The Tam
arack & Custer has large forces en-
ployed in the building of towers to
sustain it's tramway. The mill is be-
ing used by the Federal company
pending the completion of construc-
ton, which is expected to occupy
two months. The plant will then be
ready to grind Tamarack ore. The
capitalization of the Laclede Mining
Co. was advanced from $1,OOO,0OO to
100000 at a meeting of the direc-
tors last week.
Ore received at the smelter of the
Consolidated Mining and Smelling Co.
at Trail, B. c., during the week ended
October Is aggregated 1872 tons, as
compared with 9753 tons in the first
week of the month. The receipts we're
as follows: Center Star, Rossland, 1878
tons; LIE Roi, Rossland, 933 tons; Josie,
Rossland, 300 tons; Sullivan, Kimber-
ley, 2153 tons; Electric Point, Bound
airy, 434 tons; United Copper, Chewelah,
sc tons Burton, Elko, 33 tons; S. Stan
dard, New Hazelton, 81 tons; Rambler
Cariboo, Rambler Siding, liz tons;
Knob Hill, Republic, 1873 tons; Loon
Lake, Loon Lake, 3 9tons; Aberdeen,
Merritt, 80 tons; Highland, Ainsworth,
II tons; Silver Belt, Athalmer, SO tons;
Comfort, Riondel, IS tons; Milly Glib
son, Kitto Landing, Al tons; Standard,
Silverton, 214 tons; Emma, Coltern,
43 tons; Emerald, Saline, AZ tons;
Lucky Jim, Kaslo, A tons; MONDAY,
Sandon, 38 tons; total, 1872 tons.
New York Metal Market.
Copper - Firm; electrolytic, first
quarter, $27.25@2s.
Tin-Quiet; spot, $40.75@41.25.
Bar silver, 67s4c.
Mexican dollars, 521Ac.
The metal exchange quotes lead
$7.1o@71o; spelter firmer; spot East
st. Louis delivery, 9s4c asked.