Payette enterprise. (Payette, Canyon Co., Idaho) 1909-1935, 1922-06-29
BAY HORsE FOfeGTNG AHEAD

! Recent news from the Bay Horse
Mine is certainly encouraging to the
stockholders. The week of June
| 18th to Gath Superintendent Miller
shipped five cars of ore which assays
indicate will run from 100000 to
100000 per car net at the smelter.
Since the tramway has been in
commission the mine has shipped 10
cars of ore that will run equally as
we'll as the last cars. There are
no figures at hand at this writing of
the smelter returns but 1t can be de-
pended to run as good or better per
car as the mine assays indicate. Actu-
al shipping has not been done eX-
cept for the last weeks so the re-
ports are very good. An air com
pressor has been installed and min
ing is now done with air drills which
is decided improvement on hand
! work. The force of men now num-
bers "a with an increase in the force
as rapidly as accommodations can
be made in the camp and room can
be found in the mine to put them
on. 1t Is but a matter of time until
the shipment will increase to car
of ore per day. Nothing but lack of
room for more men prevent it doing
it today.
The Mining Truth, of (Spokane)
in it's issue of June 2, 1922, says:
More Accommodations Needed.
The main difficulty with regard to
increasing shipments at the present
time is not lack of ore of the same
or even better average grade, but
accommodations for the larger crew
required. Six or seven men were
working underground the day of my
visit, and on two shifts. AS soon as
camp accommodations are increased,
1t is intended to increase the force,
bring the output up to a 4O-ton car
per day. Incidentally, it should not
be forgotten that the ore being ship
ped was Just the ordinary stuff
ground proceeded. With crew of
% men, nd operating and overhead
charges aggregating $3.50 per day,
with an output netting at least $1,000
per day from one-car shipments, the
property would appear, at a con-
sentative estimte, capable of netting
the company $3.50 per day, or $22,-
500 per month or roughly about l 5
per cent of the capitalization per
month.
With an output of one or more
cars per day some of the stock hold
ers expect O substantial dividend to
be declared before snow flies and for /
stock to take decided jump in price
With the phenomenal showing of ore
of high grade shipping quality, !
not of exceeding richness per ton but
of vast extent In quantity. The Bay
Horse is one of the topics of talk in
mining centers. The company has .
taken the stock off the market, but
private sales in Spokane and other
mining centers Is very active Men
who bought at 10c and zoe per share
are selling at profit now at 25c,
zoe nd 35c and as spectators
pure and simple holders will be sell
Ing when stock will go to soc, and
a dollar per share. Men in Spokane
are offering to wager that Bay
Horse stock will be 500 per share
before Jan. 1, 1923. /,
Be that as 1t may activity at the
mine surely indicates wonderful ex-
pansion in every line there in the
near future, stockholders who have
faith to hold on and buy more stock =.
before any more raises in the price
will be wise indeed. The Bay Horse
,as passed the prospect stage and
S now in the actual producing class
It IS in our very door yard and no
nan need take the word of any one 4
or the truth, for few dollars and .
few hours time will put him where
lie can see everything under his own
yes. 1t is nice little trip, go and
zee the Bay Horse.