White Bluffs spokesman. [volume] (White Bluffs, Wash.) 1907-1938, 1925-07-10
Idaho News

pany In paying dividend No. 204, June
15, disbursed 100000 to its stock
holders, and increased the total of
dividends paid to date to $13,105, 900.
The report for the first quarter Of
1925 that accompanied the dividend
checks shows gross income Of ST.
054,032 and net profit of $558,865.
The operating expenses were 1884,
652, the taxes accrued, $71,000, and
the estimated depreciation, $39,514.
The net profit was $5S,S65 greater
than the dividend requirement for the
same period. In the first quarter the
Hecla mined 1910 tons of ore, from
which it produced 12,964.064 pounds
of lead and 364,324 ounces of silver.
The average price of lead was 1888
to the 100 pounds and of silver So
cents to the ounce. James F. Nc
Carthy is president and manager Of
the company, and L. e. Hanley Is Sec
rotary.
BURKE.-The Marsh Mines Con-
solidated company has resumed opera
tons here through the No. tunnel
level of the Hecla mine adjoining its
property. F. Cushing Moore, vice
president and mining engineer, says
in a circular letter to stockholders
that the No. 3 level is 800 feet lower
than the thirtieth floor of the Hecla.
where the last work was. done. "On
the thirtieth floor the vein was per-
sistent, the filling attractive and con-
tanned more ore at intervals" Mr..
Moore adds, when work was sus-
pended the appearance of the body
justified belief that commercial ore
would be opened by any round and
encourages expectation Of the new
operation on the deeper level.
The new level should expose ore as
conditions in the vein have improved
on each successive level. This is In
accord with the usual experience in
mines Of the Occur d'Alene region.
The face of the No. tunnel is about
the same distance east as was the
thirtieth floor when we started to
drive there. The vein east Of the
fault and under the good showing on
the thirtieth floor will be reached in
about 500 feet of work"
COEUR NE.-Announcement
is made by A. G. Bixby, manager of
the Ajax Mining company, that only
development work Is being done or
will be done until the raise to the
upper working from the lower tunnel
is completed and working shaft Ia
started to go to greater depth on its
property on Canyon Creek in the
Occur d'Alenes. When this work is
done 1t Is believed the company will
be in position to determine to the
needed. 1t is not expected that fur
Their ore shipments will be made until
that time.
A carload Of ore was recently
shipped from the ore through which
the raise passed. The raise Is now
up about 800 feet, with 120 feet more
to 60 to strike the upper workings.
In the top of the raise at present is
clean steel galena. Farther down in
the raise three feet of good ore was
followed up for rs feet and a carload
of this was shipped.
WALLACE.-Min men in the
Pine Creek district of the Occur
d'Alene region feel confident that a
favorable report will be made by DR..
Albert G. Boyle of Salt Lake City,
chief geologist for the Union Pacific
System, on the survey Of the Pine
Creek properties, and that his report
will encourage the Oregon-Washing-
ton Railway and Navigation company
to build branch line up the creek.
DR.. Boyle spent week on Pine Creek,
where he was the guest OF William B.
White, superintendent, who escorted
him about the district.
WALLACE.-County records here
show that the Stratton Mines COM
pany has completed deal by which
1t acquired the Panhandle, Contact,
Idaho, Mountain Chief, Ninety.Nine.
Hornet and Johnny lode claims and
Johnny placer claim, adjoining Its
other holdings, for reported con-
sideration of about $4,000. This will
increase It's group to 35 claims stu
ated on Nine Mile, three miles north
OF Wallace on the tracks Of the North
ern Pacific railroad.
KELLOGG.-Reports from the Sid
ney mine, near Kellogg, are that after
prosecuting the veing for "a feet the
foot wall was reached and drift
started on the lead. This has now
been driven eight feet and shows Ii
inches of high grade ore along the
mill feed. The drift is to be carried
along on the foot wall side and the
full extent of the ore body on this
level disclosed. Leslie M. Gay is
president Of the company, with w. T.
Simons as secretary-treasurer
LEWISTON.-The Northern Pacific
will build 55 miles Of standard gauge
railroad from Orofino, Idaho, on the
Clearwater branch of the Northern
Pacific, to the great white pine tim
Der belt, President Charles Donnelly
announced here recently.