Bonners Ferry herald. [volume] (Bonners Ferry, Idaho) 1904-current, 1917-05-08
MINING NOTES

Eight-horse teams are being used to
transport the heavy mining machinery
recently purchased for the Dewey |
mine from Grangeville, Idaho, to the |
on the Clearwater river.
The gross value of the ore developed |
in the Denver claim of the Nabob Min
ing Co, Occur d'Alene region, is ST.. |
should be derived at current prices !
Tor the metals.
The Hercules mine of the Occur
d'Alenes, according to the net profits
reports for 1916 so far filed, is the
premier producer, with the possible
exception of the Interstate-Callaban.
1t shows net profits of $2,931,136.
Plans are being formulated to equap
the mine of the British Columbia Cop
per Co. at Greenwood, b. c., for a pro
duction of 1000 tons a day; also for
mill capable of handling this tonnage
This includes houses for the men, of
whom 600 will be employed in the
mine and mill ultimately.
Plans for a mill to cost $4,000 to
$4,000 are being drawn for the Loon
Lake Copper Co. The plant, which
would have a capacity of $50 tons a
day. would be built on a plan permit.
ting the addition of units. Prelimin-
airy drawings are being made by Chas.
]. Stone of Butte, Mont. Flotation
has been considered and may be used,
although not decided upon at this time.
Mines Break Records.
Eleven mines of the Occur dAlenes
have filed their annual net profits
statements with Assessor w. II. Her
rick at Wallace, and estimating from
those already filed, the total net prof
its of the producing mines will aggre-
gate about $11 100000 or an increase
of about $2,OOO,000 over 1915. These
handsome profits will be made in the
face of several heavy slumps in two
or three companies. The Success,
which last year reported net profits of
$S9S,935, this year reports $221,32S, a
slump of $677 ,607 The Stewart, which
last year reportde $572,231, is temper
arily eliminated from the list.
The Tamarack was more or less
handicapped and will probably show
lower net profit than for 1915, when
it reported $346,796. The gross value
of all ores mined by the Success dur
ing 1916 was less than the net profits
reported for 1915. The net profits of
the Gold Hunter are five times larger
than those of the previous year, while
the Greenhill-Cleveland shows a slight
! decrease.
A feature is contained in the enor-
nous increases reported. This is also
closely followed by increased outputs
I over previous years due to the in
creased demand for metals and the in
creased prices received for the prod
uct. These profits are shown in the
: face of a corresponding increase in the
costs of mining, labor, materials and
shortage of transportation facilities
during the year.
Another feature of the reports, thus
far filed, is the commanding position
taken by the Hecla mine, which almost
trebled its net profits over the year
1915.
The net profits of the Bunker Hill
& Sullivan are reduced this year by
S5177S4 on account of expenditures fol-
the construction of its new smelter.
The Caledonia mine is one of the
wonders of the district, and its net
profits almost equal those of the Bun
ker Hill and exceeds those of the
Morning mine of the Federal company
The wonderful richness of the Gale
donia ores is best observed through 9
comparison of the tons extracted. The
quantity of Caledonia ore mined was
approximately a tenth that of the
Bunker Hill, one-sixth that of the Hec
la and a tenth that of the Morning
mine. In the face of these returns
it's net profits compare favorably will
the Hecla and exceed those OF tn
, Morning, the premier producer of thu
p Federal company.
Metal Market.
Copper unsettled electrolytic, spo
and quarter, $30@31, nominal; late
gOfTDo0