davidaulloa/AmericanStories huggingface dataset:
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-11-24
Philadelphia Markets

WMEAT-E,rsto,s 2>'.,aa bush. Msrk.'
:! red winter >>i."9~,,al No red winter
ST. :, r.i W.n,er. .;;i;l".m l;:". No 2 red
winter. sarcky, sl.l:n -. Mixed wheat
:" under red winter. Sample according TO
cORN--Rece!pts. aoai bush. MARKET quic,
2"1 u?%"s 81 &c. "F ": , IN S"s Ssp:;, g. eys!ST
ri :*':% 80 ss;ssS%s
i, a., a 80: e: G,s %o i WITT, n ss6 s c. ""''
=, FhDCn-'h"co;p,s, a.=ld. 1873 lbs. in sacks
l"s lbs. racH,G IL l!";,n. ttyise sn;ksn
{, ,.',1l @54 E@ri Win,,"I, .:.,ra!sEl
slrim-. iir.; c.sar. <"-a ,73; j.. ra,:nls,
'%4}r ;T&vijG i %S;,,k b. NIX ,'%pr ), 1,|,
and 'T air-r j. i1', 41, b,r r4ckyc~ " .nh 'n ,~n
rs. sm"jt,A a,nhe 4t;r.,jrtci, AZ: hn'qs. 5 p.
nl"%,, o.. DO. s'.,ho4 .o|2Ic.. A.; Lotl"G,
,"nrl"II, ''r'' nl"tn. s!'"l!a;rs;, : J. "urTId
lo?.. :" nr"n,r',. bacon 20 !Hr!. -
NrIrlN ,hr 'Hy"%S%' y nn. T. =" L "r.- r
a'-i*. ,~6.;..,II,.' a@r 5Is. ,1o6I"a al@ :a@;
g-~a,,~'E, iir,r~. T." 10 er' .'f""ry ."""m's.
-" iu". s~'"t - "., 'ytya. 80, ji-
osns F j., "! YER, i.'.:' Eood,. y; " -; ~
Ia !'s'~. - -. nr-lN - " Iry; lpN't
+"ai's, {; " i" "'f'n -pra's iobLng at
q -" ''.r ~ g'"i - CT.
EGGS .rm Lud'r .Irr.'t. The quota
/ Il. o'. as i"lI"w-: N';u~%. extra hrsts,
c. r. "l.,s I>1i i",; .'o seconds. 3Or
/. ,,"-' ~ "Nira Nr>i. O. ~ Hic. Ito. first"
- " ., d ~'CJL.s -" i"hOinr -hics
~ ~. . Us T. rr'i...'rs :'nr" s"l"rttl
!" "n'.- ~" IL. ."'. ''"& zoe: sood t"
",. d>,.
, .N.'" H'',"! ,9 '!intatln.
> " ,.''. ,"hui" i.''h, = =, 'til,'. ir""h'
- :" j., fhr t." ~ -; ,'";G
IT," -''2 -'c' Ih|! - .','n' ll'5'' -
,... -,l.,,,.r,r
l"'' ,'U Il, ~ 49, -. @ 80, r.'fro'
d 10y .'' 'r'INW,, 20 ""t "'NE :, ,hS'
''' .'''F - ~ -'' $3.50 '!'1'Iih, 20" 80, D.
''" - ..' '..- ,N''' J. =.
+. %; - .n1' 80" - ~
' ,ch' 3 ''t IL -lNfI~ l"i-' ihl ye1tt"-
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-11-24
Liverpool Cotton

IiverpOol. Nov - SPOT cotton was Quiet
today with prices straiy on the basis Of nm
The sales were 5000 bales. The r.c.Iu,s
we're 20, 200 bales, OF which 1000 Galcs wrrC
American, Fnturrs "cr' uui"t IN the .nrI,.
dealings. Spot price" We're: American, miI.
Ming fair, lhinl good madinH. il U0i,
fully mddlinE, li,s5d; m.ldiins IA sud, ln,,,
,nsddlin. u h0d coed ordinary. ii nod, ana
ordinary, l3, sod. "'''
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-11-24
Anton .,s.csns
L. Ninsa - e.

3 c!'S Be'ne -
l,,. lUsi.
i'v Oi Bnrgen
80 vpY
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-11-24
euiy -. iae7
THE pENNSYLNANIA-OII POWER 4
LIGHT COMPANY FIRST & REFCND!N9
MHRTG$SGE SINK!NG S;K ruSn sEkIESS aHtS
BONDS. nV-F NOVENlRER 1910.

Notice Is hereby given that there Is now on
Deposit IN the Sinking Fund provided uhoeI
the First and Retundns MNEts"ge Inade ~
mo Pennsylvnnia Onto Power !rht rom:;
pany. dated November l. 1920 ihe sum o.
siNty.eiEht Thousand Seven Hundred For,y;;
iinur Dollars Fifteen Cents t6s t].lo2 az
that Guaranty Trust COMPANY OF New, fork.
a. Trustee under said ATorgage ana pr.
euant 70 Article VII thereof. VIII rersss s
At Its Trust Department, 14O broadway ~"
York CITY, until 10 O'Clock a. NJ. on MONDAY:
sale 10 i, oi ho;ids (c!,her series "a" q
Series "R'D secured by said Mortrafe In gUrs sUrss
amount az VIII exhaust the sinking FlhSS
moneys IN hand at the lowest prices at whics whiccss
such bonds may be offered. but rot exceella3
llO% Of the principal amount thereof D."
accrued interest ..
ln'e-es, on bonds purchased viii censs ss
December l. 1922. and payment of tns
amount OF the accepted offers and accrussaa
interest VIII be made upon delivery OF 'ns
hondS tn M Trustee.
TIE rtsht Is reserved by the undersig,s'
to rel"ct any or NJ O~ars ~ whole ~ IN pa'''
GUARANTY TITST COMPANY
OF NEW YORK
Ry WILLIAM G. POTTER. President.
Ssyr York SOvonhpr 1920
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-11-24
Raw Sugar Quiet and Firm

New York Soy. "a The raw sugar mar.
l,u, VAS uuier aud firm, with cubas for
%pv"m cr and p-ccmber shipment quoted at
3's to cents cost and freight. There were
no sales reported Yesterday other than 400
tons Peruvians for November ship,nent at
3I cents C. 1. f., to an operator. The local
refined market is moderately active and nrm.
With prices ranging from I to 40 ceoses
less per cent for cash. nkls
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-11-24
Cotton Belt Resumes Divide nds

New York. Nov. 21,--TNe = louis ana
ard II lni-annuaI dividend OF ~ per
mt on n, p,,9ferrr"i s,.ck ,I placing I, on
- annual basis re 1i'ldend IL nSable
II. rrs'"rrod stock is non .culNuIa,iy" and
- H',it-uH vas PAID A'riI. lNli when n.
4 sbuI 4,.li."lt uf - VI pcr cent was made
Edwin liuuld CHAIRMAN nt tUc 'uarI fu.IOW-
ne n" ~, r'ilg snid 'N't results Of ouei.
uIlDuS aud thu cash situation ON ~ justlfv
'Ir assumption that ~" company ha =
r'ach~i ln" p",iti"u wh"r" II should b" able
rp' ,i,.y 10 meet the primary requirements
0i al!ruun,. upn,"p aud iur'",,'r."nt and Of
sound ami HGcllut" sinking md provisions
n,t to r~ establish dNd"nds Iv,n It's pre-
4 rr u s'.rr rI,' ir thus Yi"" {, srIui-hnrru
GlvId.Id &C. !l2 r""r cent ur"r the preferred
stock vas Ir,u d"c'hr-d, Payment uT tnip
Il. .viduUu TruI.r"S Hl appropriation Of
$500 u,Iu
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-11-24

roCAHONIAs G4Ms3hinyAIED, GoLL!iEEII. X, !EI
fN ha sSHE9fft f.t IT,! atib h"sS;
that the undersiEned as. Trust:e WIN .reeeS,H.S
S:s'eas ~ e TsssmSsr. iasS. tor the sale p 4 .!
bonds ns ssovss ess rhs ud..s g
ScsSvves the risht 20 rejsct ANY o. ~
s9afiiIE: XIV %hSs SSRKI * ri4hEEsTf II EEsTf COMPANY.
Trustee.
Assistant SecreeSe1
Nsv York November =, 1927
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-11-24
BUTTER. EGGS AND CHEESE

New York. NOV .4,-fuTri.K NrIn. Re-
r'E Gr,r rIhI. Creamery higher than
, s'ra-. t3i2 n st.. creamery. rxtr,.S ,u9
..ul- re. Nrsts 'ss TO 9" scur i.f,a2,0
'.t, ,N > stock. current MAKE" 80. :! ati. 4,
-
EiGr--FIrIn, Receipts, ""nt cases. Fresh
: i'I ,!,-!. extra Nrsts, t3 n 'G". nr.,s l.,
Saw J"rs"y h"ni.ry whites. locally
81 T.. cN'rns 81. do. un"anll"a, "xtras
e " - PuCi"C COnst whites. "HtTas 75M
II .u rrsts 10 cNtrt nrsts, ,is0Th
r-tr.., .' I Nr-ts. - M 3u'.o
'HEESF. F.--Flru. EeCeiptS, 1854 boxes,
: 4I'I UNCHANGED
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-11-24
NEW YORK BOND TRANSACTIONS
gao Net
fiigh low Y. NJ. ChEe.
1OO.3O 1OO.1p lOO.1C

VI 4 StL III 1s itsale) aN7.
3. SO. 33'X Oregon S |. ~
NJ SIP l. = Ste b...., Nt3S
Marie 8iss i5..... Oh.
i.... 1903 oriente -
" X 4 Tex Il '1..... NJ,
a.. 81 Otis Steel -. .
l5... S07s rcts
l.... GsL &C.. a"',
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-11-24
u.s.. Certificates and Treasury Notes

sEXenpt from FEDERAL NORMAL INCOME tax
tAcceptable for payment Of income tax due
on date OF maturity.
The Treasury department offers e. redeem,
United States Treasury Az and a,,H, due
December ~, 1922, and Victory Notes. &c ries
Az ~ called for payment Dec, n her IL
1922. at 100 and Interest at any time before
nat
The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1922-03-02
Wallace stockhoIders to Meet.

A special meeting of stockholders OF
the Wallace Mining, Milling & Realty
company has been called for April in
this city, when the question of in
creasing the capital stock from 100000
to 100000 shares will be voted upon
also the reduction of the par value OF
the stock from 81 per share to 10 cents.
A letter to stockholders explains the
advantages of these proposed changes,
the chief one of which is that it will
enable the management to finance the
company without levying assessments.
The company has done much develop
ment work on Placer creek, just out
side the city limits. for the purpose
of finding the extension of the Galena
Chicago Boston, vein, and Manager
Geo. G.. Evans expresses confidence
that these efforts will soon be re-
warded with success.
The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1922-03-02
SILVER REEF.
Motor Trouble and Flu Interfere With
DEVELOPMENT


Work in the crosscut that is being
run by the Silver Reef Mining COM
pany has been temporarily suspended
on account of burning out motor that
drives the compressor. and prior to
that mishap work had been delayed TO
some extent by flu among the en-
ployes. This crosscut is an extension
of No. > tunnel of the Homestake and
has been driven about 500 feet. making
the total length of the tunnel incmd-
ing the original. about 500 feet Under
the agreement with the Homestakc
company the Silver Reef manage
ment agreed to extend it zoo feet i'm am
easterly direction from which point il
will probably he turned northerly to
cut the north vein ON the Silver Reef.
1t has already passed through a series
of quartz stringers which may posi-
bly, be the Homestake vein. Identical
with the south vein on the Silver Reef
and which is supposed to Zoe the east
ern extension of the Hunter During
the enforced suspension of silver Reef
company is engaged in timbering some
200 feet of the crosscut where the
ground is inclined to slough
The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1922-03-02
PARAGON.
important Development Plans Wait Tor
Favorable Weather.

dNoTdDle WSdIuGf.
Chris GrimsmOe, who has charge OF
development operations for the Para
gon Consolidated Mining company. was
in the city yesterday on his way home
from Spokane. The property OF the
company is situated a few miles above
Murray. Last fall the company decid-
ed upon an extensive plan for the de-
velopment and operation of the prop
erty the first step in the program be-
ing the extension of the electric trans
mission line of the Washington Water
Power company from Raven to the
mine. This work was started, but eX-
tremely bad weather made it imprac-
teal to complete. Mr.. GrimsmOe stat
ed that work would be taken up just
as soon as weather conditions permit
which he thought would be about the
first of April. The purpose is to pro-
vide both mine and mill with electric
power. thus avoiding the annoyance
and delays incident to shortage of
water for power. 1t is understood,
however that the company will use its
own water power whenever practical.
of the Paragon and prob
ably the Black Horse also will he TAX
en- up and it is expected that the mill
will be running soon after the power
line is completed.
The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1922-03-02
.HECLA WILL PAY IS CENT
DIVIDEND MARCH 18TH.
LETTER TO STOCKHOLDERS ON
LATE LlTlGATloN-ANNUAL
MEETING APRIL II.

James f Mccarthy, president and
manager of the Hecla Mining com
pany, returned the first of the week
from Milwaukee. where he attended a
meeting of the directors of the com
pany. At this meeting a dividend OF
Is cents per share was declared. pay
able on March 2S to stockholders OF
record on March / The amount of
this disbursement VIII be $l5O,OOO and
will bring the grand total paid by the
company up to s9.155OOO Last yeaI
the company paid 100000, and Il re-
cent statement from the directors ex-
pressed the opinion that under pre-
vailing conditions the company can
pay dividends at the same rate while
meeting all obligations for the pur-
chase and development of the Star I'M
der its agreement with the Bunker
Hill
The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1922-03-02
Bear Creek.

At a meeting of the directors Of the
Bear Creek Mining company last week
the secretary. w. J. Stratton, submit
ted a complete audit of the company's
books, a copy of which will be mailed
to stockholders. An assessment of 1
cent per share was levied which will
provide funds to meet obligations Of
the company and also permit re-
sumption of operations at the mine.
The property of the company is what
was formerly known as the Bear Top
and Orofino. situated a few miles
above Murray. Quite a large amount
of ore has been developed in the Bear
Top and the company has a mill Of 100
tons capacity
The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1922-03-02
Off for the CLEARWATER.

John Tibbetts and William Layton
leave this week for their placer ground
on the Clearwater, near the old camp
of Moose City. They go by rail from
here to Rivulet, Montana, and from
there hit the trail across the divide
back into Idaho, making the trip on
snowshoes. Their ground is stripped
and in shape to take out pay this sea-
son, and they are going in now in Or
der to take advantage of the water at
the earliest possible date.
The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1922-03-02
Northnort Smaller pireotors.

The annual meeting of stockholders
of the Northport Smelling & Refining
company in this city last week elected
the following directors and officers:
Jerome J. Day. of Wallace. president;
Edward Boyce. of Portland, vice pres
ident; E. H. Knight and F. NJ. Roth
rock. of Spokane. Joseph A. Brown
of Wallace. was elected secretary.
The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1922-03-02

Francis A. Thomson, dean of the
school of mines, state university, and
director of the state bureau of mines
and geology. made a brief visit TO Wal
lace and Kellogg last Friday and Sat
urday
The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1922-03-02
FEDERAL WILL SINK
SHAFT To 245O LEVEL
AT THE MORNING MINE
Big Ore Shoot Unimpaired by
Depth---All Federal Mines
Active--Declare Dividend
AT THE MORNING MINE

TINE great Morning ore body
shows no change in mineral con-
tent or character, nor decrease in
its dimensions on the $3.50 level
which is 1850 feet below the main
working tunnel. Development on this
level has not proved the length of the
shoot but the grade of ore and width
of the vein are practically the same as
found in the levels above and it is safe
to assume that the ore shoot will be
found fully as long. The Federal Min
ing & Smelling company. which owns
the Morning, is preparing to sink the
shaft 200 feet further and bids for the
work have been invited. When this is
accomplished and the 2450 level open
ed. the workings of the Morning will
be only 100 feet above sea level, the
top of the dead line, the bottom being
1900 feet above sea level. and beyond
which ore bodies of the Occur d'Alene
district no not pass, according to a re-
cent geological opinion seriously ad-
vanced. However, the management of
the Federal company does not appear
to he impressed with this newly fledg-
ed theory, for the shaft is apparently
being extended with confidence that
the big ore shoot will not only be
found on the new level. but also on
other levels hundreds of feet below.
Dividend on March IS.
Last week the Federal company de-
clared a dividend of 1 cent per share
on the preferred stock of the COM
pany, payable on March IS. The
amount of the dividend will be $780,
OOO This payment will bring the total
amount paid on preferred stock up to
SIG. 625, $3.50. The total amount paid on
the common stock is $27OS $50 making |
the grand total dividend disburse-
ments by the company s1S SS4666
Last year the Federal company paid |
four quarterly dividends of I cent per
share amounting to $iSOOOO
Federal Mines.
While the Morning mine at Mullan
is by far the largest producer owned
by the Federal company, all other
mines of the company are operating
steadily and profitably. These in
clude the Independence mine at HALEY,
a zinc-lead mine at Baxter Springs,
Kansas. and two zinc-lead mines at
Pitcher. okla. All of these mines are
reported in good physical condition
and earning substantial profits. Be
sides these major operations. leases
operating on Federal property in this
district are a source of considerable
revenue. In the old workings of the
mine alone it is estimated
that S5 men are employed by leasers
the company receiving a royalty on all
ore shipped. Leasers are also at work
IN the Standard and Frisco on Canyon
creek. Ore shipments from the Morn
ng. Independent of leases. amounts to
around 5000 tons a month.
The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1922-03-02
An Early Day Deal.

The Monarch property was origin
ally owned by the late Steward Fuller
a widely known pioneer citizen first
of Murray and then Wallace, and by
him it was sold to Virginia
people, relatives and friends of the
late Judge joni L. Logan, at that
time presiding judge Of this district
AS recalled now. Mr. Fuller received
$4,000 cash, in iron dollars" as ne
described the deal. terms suggestive of
Iron Jaw" the appellation by which
he was locally known. This sale was
made about 1889. and it probably en-
abled Mr.. Fuller to build the Wallace
hotel following the great fire in the
summer of 1890. and which is still
owned by his widow and sons. Having
purchased the Monarch, the Virginia
people were not successful in develop
ing it and during most of the inter
Nening years it has been idle. The
Monarch vein is parallel to the Cali
fornia and about 500 feet north of it,
and il has every indication of proving
valuable under capable development
The bond and lease taken by Mr.
Brady is for 100000, payable in three
years Under the terms of the lease
the owners will receive 20 per cent OF
smelter returns for all ore shipped.
this to apply on the purchase price
Pittsburg capitalists are back of Mr.
Brady in the enterprise, and all finan-
ciaI ARA n gements have been made to
begin work at once
The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1922-03-02

In Holland all Christian names after
the first are taxed.
The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1922-03-02
Company Financed.

L. f. Whicher a wealthy New York
err, who has large mining interests, is
president of the Rex company. and
Raymond Guyer, of Spokane, is vice
president and manager Mr.. Whicher
has always had an abiding faith in
Rex and it is announced that he has
made ample financial arrangements to
carry out plans for developing the
property through the Red Monarch
tunnel and placing it on a productive
basis.
The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1922-03-02


pay dividends at the same rate while
meeting all obligations for the pur-
chase and development of the Star I'M
der its agreement with the Bunker
Hill.
Letter to Stockholders.
Following the termination of the lit
igation in connection with the agree
ment entered into with the Bunker
Hill for the purchase of the Star,
letter was issued by six of the seven
directors of the Hecla Mining com
pany to the stockholders giving a res
ume of the court proceedings. the de-
eision of Judge Huneke in full in
W hich he sustained the action of the
Hecla trustees, and a copy of the final
Judgment in their favor This letter
was signed by the following Hecla
trustees or directors: f. j. Kipp. Carl
Landsee, f. }. Nolan, II. c. Lambach,
w J. c. Wakefield and James +. Nc
Carthy In closing the letter gives the
number of shares of stock represented
by the individual directors. personal
and by proxy. predicts a continuation
of the usual dividends while carrying
out the Star enterprise, and expresses
qualification for the confidence of
throughout the litigation
in which the honor and good faith Of
the directors was attacked. In con
clusion the letter says;
Stock Represented by Directors.
you have received letters signed by
T. r. Day and Mrs. Sarah +. Smith, /
the administration of the
affairs by the present board |
OF trustees. One of the charges made |
in these letters is that the board of /
trustees has been fraudently elected /
by the manager, Mr.. Mccarthy. and (
Tor your information we wish to state
hat stock is represented by the trus-
ices as follows:
Mr.. Carl Landsee, personal, 23,700 |
shares; proxy. 125,OOO total. 14S,7OO
Mr.. F. J. Kip. personal, $4,000; /
proxy, 6O,1OO; total 9S,1OO.
Mr. E J. Nolan. personal $500;
roxy. S4.1OO; total. $4,000.
Mr. II. c. Lambach. personal, 1000;
Proxy, $4,000; total. $4,000
Mr. W. j. c. Wakefield, personal,
900
MIR. James f. Mccarthy, personal.
$50; proxy, 25S,S9O; total 267,54O.
Mrs. Sarah f. Smith. personal, 3d.
90; proxy, none
Total stock represented, 745,S4O.
I'VE give this stock representation
or the purpose of advising you that
his is not a dummy board but that
hey actually represent the large
hareholders Of your company.
1T is the opinion of your board Of !
-ustees that the Hecla Mining COM
any under present conditions and at
resent prices can pay the dividends
paid in 1921 and carry out its obli-
ations in the purchase and develop I
rent of the Star properties without
npairing- it's surplus. I
at is a source of satisfaction to your ,
GARD of trustees to know that they
ave in such large degree the con- !
dence Of the shareholders Notwith- :
landing the violent charges made by ,
ne plaintiffs in their circulars to our !
out of a total of over ,
NO thousand shareholders we had less {
han a dozen letters of inquiry re- !
Decting these charges and at least !
ne half of these letters were letters
f approval containing expressions of ,
Dnfidence in the board Of trustees"
Annual Meeting. I
The annual meeting of stockholders
f the Hecla Mining company will be
ED in the Empire State building.
pokane, on Tuesday, April II.
The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1922-03-02
Entire Good Faith.

But at the time of their location
these claims were very difficult of ac-
cess and very remote from market. In
case commercial ore is found all of the
timber now on the claims would be
necessary for use in the operation of
the mine At the time of the location
of these claims there were large areas
of public land bearing equally valuable
timber much more conveniently loca-
ted with reference TO market which
were subject to entry under the timber
and stone and homestead laws; so that
il appears to MS that any reasonable
person of average judgment seeking
to beat the government out of title to
valuable timber would have chosen
some other easier and cheaper method
for in this case more than $4,000 have
heen expended in apparent good faith
in irving to develop the group into
mine. We are convinced that these
claims we're located in entirely good
faith without thought of speculation in
the timber"
The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1922-03-02
BRADY TAKES BOND AND
LEASE ON THE MONARCH
RUNS FOR THREE YEARS-CON
SHERATON $1OO,ooO-WORK
TO BEGIN AT ONCE.

Patrick Brady of this city. has Sc
cured a bond and lease running for
three years on the Monarch group. con-
sistng of the Monarch and Bonanza
claims and a fractional claim. situated
on the west side of Nine Mile and about
three miles from Wallace The prop
erty joins the California on the west
and north. and is reached by a wagon
road to the lower tunnel from Grouse
gulch, a short distance from Black
Cloud settlement. In addition to the
Monarch group Mr. Brady has also
taken a bond on several adjoining
claims owned by Joseph and John
Thomas Development work on the
property consists of two tunnels. one
about rs feet in length and the other
about 125, both of which cut the vein
at depths Of less than 100 feet and
from which Mr.. Brady estimates 500
tons of ore has been taken which is
now on the dumps and which he he
heves will pay to ship. Another tunnel
has been extended 1900 feet which
will cut the vein at a depth of 700 feet
by extending it 400 feet further. Moth
ing has been done on the property for
many years, and Mr. Brady says work
will begin at once cleaning out the up
per tunnels in order to make a thor
ough examination of the vein. after
which il is probable that an interme-
date tunnel will be driven which
should cut the vein in about $50 feet
With this accomplished, and assuming
that the showing is satisfactory a
compressor will be installed at the !
lower tunnel through which the vein /
will be permanently developed In the /
meantime the wagon road. which now |
ends at the lower tunnel will be OK
tended about 500 feet to the dunn |
above from which ore shipments viii |
be made
The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1922-03-02
Metal Quotations

Lead, 4.70@4.9oo.
Silver, e9L4c.
Zinc, 4.50@4.55c.
Copper, 1874 @131ae.