Bonners Ferry herald. [volume] (Bonners Ferry, Idaho) 1904-current, 1917-12-26
MINING NOTES

one-half miles north of Avon, Latah
county, Idaho, has been sold to Arthur
A Booth, a mine operator
Expenditures of the Northwest Mag
nestle Co. for the development of its
quarries and the equipment of its plant
at Chewelah, Wash, will reach $780,
900, according to the estimate of r. S.
Talbot, president.
The CRANKY Consolidated Mining, |
Smelling and Power Co. has ordered |
two large converters for its smelling |
plant at Anyox, B. c., which are ex-
pected to increase the capacity by 20
per cent The production of the An
yox smelter will be 30000,0 900 pounds
of copper, in round numbers, this year.
Preparations are proceeding for the
installation of coking plant on
Graves Point, Anyox. Ground has been
cleared for 80 ovens. The plant will
be modern and will produce many by
products. The latter are expected to
reduce Importantly the cost of opera
ton. The coal will be removed by
barges from the Vancouver island de-
posits of the CRANKY company, acquired
and their development and that of the
coking plant and transportation equip
ment will be $2,500.000, by an unoffi-
cial estimate.
Mine Dividends Increase.
The 1917 total of mining dividends
of the Pacific northwest, including
British Columbia, but not extending to
| D..ft t.&- tof ,-
| The Occur dAlenes continue to be
far ahead of the other districts, in
spite of the fact that their total this
year shows a decrease of $1,572, 491
from that of 1916. Total northwest
dividends last year were $13, $685. 30.
Washington has come with great
strides into the dividend class this
year. Last year only one mine, the
United Copper. paid a dividend. 1t
amounted to $4,000. This year five
mining corporations in Washington
have paid dividends of $374,771. Four
of these are in Stevens county and one
at Republic. One of those in Stevens
county is the American Minerals Pro-
duction Co., a magnesite corporation.
A year ago magnesite was only being
suggested as mineral product of
value.
Total dividends of British Columbia
show a net increase of $247,324 over
the total for 1916. Although the Stand
ard Silver-Lead Co. pays only half
as much in dividends this year as last
and three other companies show a de-
crease or no dividends, the substantial
increases in CRANKY and Canadian Con-
lcn loft Eo no
; losses.
In the list the Bluebell mine, across
Kootenay lake from Ainsworth, is in
cluded in the dividend class for the
first time. 1t is owned in France and
no statements are made of its finances,
, but it is known that it is making a
, profit for its owners.
, 1t is credited with $4,000, which
may be much less than it is paying
The Hedley mine has not announced
, its fourth quarterly dividend, but 1t
is expected to pay it's usual 100000
Dividends of the Bunker Hill & Sui
livan Mining Co. are no longer made
public. 1t was paying, up to last fall
at the rate of $163,500 a month. Since
then it ceased to publish it's dividends
but 1t is believed to be paying more
3 than that and in this calculation Its
: disbursements in the last quarter are
e placed at 100000 a month.
Federal may come in with dividend
E before the end of the year, but there
5 has been no announcement and none is
included for the fourth quarter.
= The heavy decrease in the Coeul
. dAlenes is due primarily to the great
, decrease in the dividends of the Inter
state-Callahan Co., which last veal
paid $2,79S,940 in dividends. This
company's loss would not appear 81
4 great If the third dividend had no
d gone over to the first day of next Jan
L uary.
o Four companies in the Coeul
|, d'Alenes paid dividends this year TO
: the first time. They are small. Two
which paid last year, have paid moth
ing this year.
New York Metal Market.
n Metal exchange quotes lead easier
spot, $6.50@6.87.
II Spelter quiet; East st. Louis, spot
$3.50 asked.
# Tin not quoted.
/, Bar silver, $3.50.