Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-09-26

1At mas SSo9So
ness, has no assets and has no inten-
ton of again resuming business. Inc
statement is signed by Roy ). Alley,
Arthur l.. Hawkesworth and John j.
Riley. as directors.
The New York Financial Review re-
ports that copper exports to Germany
have commenced. For the week ending
September 9, it reports shipments from
New York amounting to 5.60o tons OF
which Germany took 2,495 tons d.
rectly and 1850 indirectly through Hol-
land. France and Italy were also i'm
portant buyers, with England and Bel
GUM occupying minor positions. In
August Germany and Holland, COM
bined, took 22,9S7 tom of copper.
There is now being treated at the
plant of the Braden Copper Mines com
pany about 10000 tons of ore daily,
or a monthly production approximating
100000 pounds of copper. M man
ufacturing cost, excluding depreciation
and depletion. is about SLa cents a
pound. indicating a good profit on the
present price of IA cents for copper.
Including the proceeds from the sale
Of securities and earnings put back
into the property, there has been spent
on Braden to date about $4O.0OO,ooO.
It's early progress was somewhat re-
tarded through the lack of vision of
the managers, who failed to foresee
the ultimate size of the property. Hence
the expansion of an original 2.OOO-ton
plant to 10000 tons, which has been
costly and is also slow work.
1t is now planned. at the cost of about
81. 100000. also to be taken from the
earnings. to enlarge further the mill
capacity to about $4,000 tons of ore
daily, which would make possible a pro-
duction of about 80, 1000, 900 pounds of
copper annually. The Braden is owned
by the Kennecott Copper corporation
and the repayment of some of the for
mer's loans to the parent company Is
anticipated soon.
Copper shipments from the several
lake smelters for August were the larg-
est for the year, according to the of,
fetal compilation of deliveries, just
available. Total deliveries were TO-
$50, 900 pounds, credited to the follow
ing mines: Quincy. 100000 pounds:
Copper Range-Stanton Mines, 3.S92.-
900; Calumet and Hecla. 900.
The August total compares with TO-
322. 900 in July, 1885, 900 in June and
10.00S, 900 in May and brings the 1922
figure for metal moved by boat to 49,
34S.O00 pounds.
In addition. there were numerous rail
shipments to inland points. probably
a~ggregating 100000 900 pounds for the
year. bringing the aggregate well up to
the figures of pre-war years. A dis
couraging feature of the August re-
ports as affecting the mines, however,
lis the negligible amount of coal that
has been received by the mines. for in
August only 1924 tons were delivered.
compared with normal requirements of
100. 600 tons. This conveys some idea
of the seriousness of the fuel situation
i'll Michigan, and while the bituminous
strike practically has been settled,
there is comparatively small chance
now TO obtain fuel to last until the
spring of 1928, according to mining
men.
1t is estimated that, even on the
present curtailed basis of mine opera
tions. more than 1000, 900 tons of coal
annually are required there and less
than 250.0N tons have arrived this
season. On the other hand. nearly
three months of the navigation season
remain and if developments in the rail
strike situation are satisfactory during
the next 10 days the outlook will not
be so gloomy. Fortunately, only a
small amount of anthracite is used by
the mines and ample supplies are Oh
hand to fill such requirements as exist
The rate OF wages paid mine en-
ployes of the Occur dAlene region of
Idaho will be increased on October 1.
according 10 reports from Wallace
Muckers will be increased from 81 to
81. 80. miners from S42J to 81 and
| timbermen from S4.7J to $3.50. The
extra cost incurred by the companies
will be compensated in part by the
recent advance in the price of lead
from $500 to So to the 100 pounds,
according to the report.
According to report received here
from Idaho. the Hope Mining and
Milling company has just completed its
reorganization as the Morning Star
Mines. Inc. Old stock is to be ex-
changed for the new at the ratio of
three for one. The new stock is as
sessable and the directors plan BIZ
monthly levies to keep the work golng
and speed developing.
The property contains Il claims
! 5000 feet from the Northern Pacific
railway at Hope and is rich in copper
ore. J. 3. Gardner is president of the
new company. the other board mem
hers being G. H. Martin. secretary;
T. A. Nelson. John Larson. j, c. Gran
ston and Art Anderson. W. +. Shutz
is fiscal agent.
High-grade lead-silver ore in a body
n foot to two and a half feet wide has
been followed by drift for 10 feet on
the intermediate level of the Rex mine.
The ore contains half an ounce of sill
yer TO the per cent of lead. and the
zinc content is Z per cent.
Ore of a shipping grade has been
followed west for o. feet at the bot
tom of an S5-foot shaft in the Look
out Mountain mine at Kellogg. Idaho.
The winze was started at a depth Of
500 feet in the main tunnel level. The
ore includes galena and carbonate.
Six feet of ore containing 5000 in
gold to the ton is undergoing develop
ment in the War Eagle mine of the
Buffalo Hump region of Idaho. accord
ing to f. W. Griffith of Grangeville.
who visited in Spokane Sunday. Two
| feet of it averages $780, he said. land
| saw an assay certificate that showed
q $500 content
George Bancroft. mining engineer of
Denver, is the owner. An examination