The Wallace miner. [volume], April 12, 1923, Image 1

About The Wallace miner. [volume] (Wallace, Idaho) 1907-current

Image provided by: Idaho State Historical Society

                
Stockholders
Metal Quotations
THE WALLACE MINER
WILL FI NO MINING NEWS
AND COMPANY NOTICES
OF INTEREST TO THEM
IN THE WALLACE MINER
Lead, 8.25c.
Silver, 99!/ijc.
Zinc, 7.65@7.75c.
Copper, 17%c.
f
VOL. XVII.
NO. 11.
WALLACE. IDAHO. THURSDAY, APRIL 12. 1923.
FIVE CENTS THE COPY.
BIGGER AND BETTER
FIND NEW ORE BODY
Federal Takes Option on Min
nie Moore in the Wood
River District
EVELOPMENT on the new 2450
level at the Morning mine by
the Federal Mining & Smelting
company has shown a decided
increase in the width of tile ore shoot
and an equally pronounced improve
ment in the grade of the ore as com
pared with the showing described in
the Miner two weeks ago. At that
D
time the ore was reported 14 feet wide
and averaging 10 per cent lead, while
now the shoot is reported to be 20
feet wide, and a large portion of
which is ore that runs from 20 to 30
per cent lead. The ore showing on
this level is pronounced bigger and
better than that found on the levels
above, and gives reasonable assurance
that the same gratifying condition
will be found as further depth is
gained. Sinking another 200 feet will
soon begin, and the results of open
ing up the 2650 level on this wonder
ful ore body will be awaited with the
greatest interest.
New Ore in Upper Workings.
But while these interesting develop
ments are in progress in the shaft,
exploratory work in the upper work
ings is making important additions to
the ore reserves of the Morning. There
is a large block of ground between
the 800 level which corresponds to the
main wozking tunne! formerly called
No.6 and
No. 5 tunnel level, which
was left practically untouched by for
mer operators and which until recent
ly had been unexplored by the Fed
eral company. A raise from the 800
level found a large body of low grade
ore in this ground, having a length of
300 feet extending west to the main
Morning workings. This ore has now
been found on the 600 and 400 levels,
or up to No. 5 tunnel, the ore on the
intermediate levels being of better
grade than on the 800, being especial
ly good on the 400, where, a large pro
portion of the shoot is of shipping
grade. Drifting west on the 400 is
now in progress, in the direction of
the old workings, the distance being
about 300 feet. This block of ground
is conservatively estimated
tain 100.000 tons of ore,
addition
to con
making a
to the
substantial
very
known ore available in the mine.
Minnie Moore Optioned to Federal >
The Federal company Is also ex
pending its operations in the Wood j
river district where it already has |
the Independence in profitable pro
auction and has recently resumed de
velopment of the North Star. Its lat
est acquisition in the Wood river dis
trict is the famous Minnie Moore, one
of the early producers and one which
promises to more than duplicate its
past performance under the new own
ership. That the Federal has taken
an option on the Minnie Moore and
will proceed at once with its develop
ment was confirmed this week by
Frederick Burbidge, of this city, gen
«rai manager of the Federal. The
Hailey Times-News-Miner of April 5
has this to say of the deal:
Produced Over $8,000,000.
"Minnie Moore is coming back.
"As the climax of negotiations ex
tending over several weeks, between
I. E. Rockwell and officials of the
Federal Mining & Smelting company,
it became known early this week that
this great corporation had taken over
the Minnie Moore, just out of Belle
and that work would start at
once to unwater the famous old mine.
" 'It is a fact,' Superintendent A. E.
Ring said when aske.l as to the truth
'Just what we will do
vue,
of the report,
depends on what ws find as we go
along.
the property, in parL at least,
will not require a large force of men
as It is more a matter of power and
It means the uuwatering of
This
We will start just as
can get onto the ground.'
It is said, too, that it means the im
mediate sinking of the Allen
When Superintendent Ring was asked
how the Minnie Moore was taken over
he said: "Just say that it was taken
over on an option."
fere in no way whatever
prosecution of the work in the North
Star and Independence by the Federal
machinery,
soon as we
shaft.
This will inter
with the
Mining & Smelting company.
"The Minnie Moore claims the rec
ord of the largest body of high grade
in the
lead-silvqr ore of any mine
Its yield in the olden days Is
In the property
world.
placed at $8,000.000.
there are 16 patented and 4 unpatent
ed claims in the Mineral Hill district
opposite Bellevue and five miles from
Hailey."
Investigate Montana Oil.
Russell F. Collins left the first of
the week for Browning, Montana, for
of Investigating oil land
the purpose
for Portland people.
SMALL INCREASE IN PRICE
OF EXPLOSIVES ANNOUNCED
BY WALLACE POWDER CO.
Effective April 1 the Wallace
Powder company has announced
an advance of 50 cents per 100
pounds in the price of 40 per cent
Dupont and Giant gelatin and 75
cents per 100 pounds in the price
of stumping powder,
of 60 per cent gelatin remains un
changed. Following are the new
prices:
40 per cent Dupont and Giant
gelatin, 50-lb. cases, per 100 lbs.,
$19.90, in ton lots; $20.40 in less
than ton lots. 25-lb. cases add 50
cents per 100 lbs.; 10-lb. cases
add $1 per 100 lbs.
60 per cent Dupont and Giant
gelatin, 50-lb. cases only, per 100
lbs., $22.40 in ton lots; $22.90 in
less than ton lots.
17 per cent stumping powder,
per 100 lbs., in ton lots, $17.40;
less than ton lots, $17.90.
20 per cent stumping powder,
50-lb. cases only, per 100 lbs., in
ton lots, $17.65; less than ton lots,
The price
$1S.15.
30 per cent stumping powder,
50-lb. cases only, per 100 lbs., in
ton lots, $18.40; less than ton lots,
$18.90.
No explanation ts given for the
increase, but it is presumed to be
due to increased cost of labor and
raw material. The last change in
price was in September, when
there was a cut of $2 per 100 lbs.
on all classes of explosives.
WILL REACH VEIN 800
GREAT AJAX CROSSCUT
FEET
The great crosscut tunnel that is
being run by the Ajax Mining com
pany is being watched with great in
terest by the public, for it embodies
great possibilities of mineral develop
ment. The large amount of develop
ment heretofore accomplished by the|
Ajax company has resulted in show
ing up considerable ore, particularly
on the level opened from the bottom
of the shaft sunk 200 feet from the
Moonlight tunnel level.
1900 FEET TO THE VEIN
BELOW FINE ORE SHOWING
IN UPPER WORKINGS.
lonF
crosscut will cut the vein 800 feet be
low this showing, and it is reasonable
to expect that it will result in the de
This
velopment of a large body of ore and
place the Ajax among the producing
mines of the district. The total length j
will he 5463 feet, a |
Of this 3563 I
of the crosscut
little more than a mile.
feet llad been accomplished on April
leaving 1900 feet to the vein. At j
th « rate made in March it will re-!
uire about se\en months to reach
"e vein. Tne crosscut passes through
the Moonlight ground, and this has ,
I
!
!
F' ven an enter-,
Prise, for it opens up that property
for dee P development and it is re
garded not improbable that an ore
b ° d y importance will be found
"hen the Moonlight vein is reached.
Statement by Manager.
In a statement to the stockholders
Accompanying notice of assessment,
Alva C. Bixby, manager ot tne Ajax,
says:
"It is our policy to keep our st K_
holders informed as to the progress
and conditions of our property. Dur
ing the month of March 267 feet of
tunnel was driven, making the entire
length of tunnel on April 1. 3563%
feet, leaving about 1900 feet more to
be driven to reach our objective point.
This may vary a little as the dip of
the ledge must be judged by the up
is being done
the
per levels. The work
under contract with Anderson Bros, at
$15 per foot furnishing all explosives
and labor, the company
equipment and mine supplies,
ters of inquiry from stockholders of
record addressed to the mine man
ager, P. O. box 83. Burke. Idaho, will
receive prompt reply."
furnishing
Let
DEATH CLAIMS HONORED
DIRECTOR OF CALLAHAN
A message was received yester
day by D. A. Callahan, director of
the Callahan Zinc-Lead company,
from H. T. McMeekin. of New
announced
the
York, treasurer,
death of S. S. Titus, director of
the company, in Grand
Forks,
Mr. Titus was
N. D., on April 5.
known to many people of Wallace,
he having frequently visited this
city during his long connection
with the Callahan.
He had been
a member of
continuously
board of directors of the company
since the consolidation of the Cal
and Interstate and
by his associ
Mr. Titus was a pioneer of
was
lahan
highly" esteemed
ates.
North Dakota. He was the found
of the First National Bank of
and was its presi
er
Grand Forks
dent until a few years ago, when
he became chairman of the board
of directors.
Proposed New Fire Station
SéÉià .
■e:sr.L"*!
£
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H.
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b
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«Kio
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.
On upril 24, the date of the general city election, the taxpay
ers of Wallace will vote on the proposition to bond the city for
$25,000 for the purpose of erecting a new lire station. Tentative
plans of the proposed building have been prepared and the above is
a front view of the structure. The room < a the left with glass
front is the office of the city clerk. The front of the second story
contains six rooms which will accommodât twelve firemen. Com
plete plans of the building may be seen at be office of Mayor Hugh
Toole.
MINE INSPECTOR TELLS
OE MINING PROSPERITY
CAMPBELL SAYS CONDITIONS
ARE FINE AROUND HAIL
EY AND ELSEWHERE.
Stewart Campbell, state mine in
spector, arrived in the city yesterday
3 .
and will remain in the district a.
couple of weeks for the purpose ol
visiting the mines and generally fa
miliarizing himself witli mining con-I
ditions. This is his first vist to the
Coeur d'Alenes since last August when
he was honored by renomination F°r
the position he now holds by the re
publican convention in this city. Mr.
Campbell's réélection was a merited
endorsement of bis work during his
Hrst term , and the more liberal ap
propriat l 0 n for his office by the leg
j slature will doubtless result in in-I
creas j nf » its efficiency,
dence cf his work is reflected 1n his
anmlal rep ort covering the mining in
dustry in i da ho in 1922. In this re
por t Mr. Campbell
i len sive review of the mining situa
tjon in every mineral county, as well
Tangible evi
gives a compre
las a fund of information of great
value to the people of the state and
to those offside who are seeking in
ves t me nt in mines,
The report has
favorable
been the subject of much
gomment by the
and elsewhere,
press of the state
Mining Outlook Good.
pleaging to Iearn from him that the
„ ou9 condition prevailing in the
d>A|enc district , ln ds a counter
^ aH Qther mining . sections of
Mr. Camp
In his official capacity
bell is in position to secure first hand
information regarding mining condi
tions in all sections of Idaho, and it
gtate He gpoke part tc U larIy of
; ^ Wood river d | s trict, with which
jg egpeciaUv f am jij ar , his home be
^ Haj , ey Not jn many years ha
there been guch act i V ity in mining,
progper , ty in business and confidence
, n the fllture as there is in the Wood
diHtr ict today. This is explain
^ ^ ^ entranee into that distric t
^ geveral larg . e m j n j ns organizations,
among them the Federal Mining &
SmeIttng . company and the Bunker
Hj „ Slll „ van wh0 se operations and
extensive development programs have
the old camp.
infused new life into
Another big company which has more
the
recently acquired property in
Wood rivet district is the St. Joseph
Dead company.
Other Important Operations.
Among other important enterprises
mentioned by Mr. Campbell as indi
cating the improved condition was the
taking over of the old Homestake
mine, once an important producer, by
the Mineral Exploration company,
and the Eureka, joining the Bullion,
by the New York-Idaho Exploration
company. The Federal company has
taken an option on the Minnie Moore,
at Bellevue, and started work on the
famous old mine this week.
Provide More Power.
As further evidence of the mining
revival, Mr. Campbell referred to the
increased demand for electric power
for mining purposes. This has reach
ed a point which has made it neces
sary for the Wood River Power com
pany, which supplies the district, to
greatly increase its capacity for
transmitting juice from Shoshone,
where it is supplied by the Idaho
Power company.
Mr. Campbell also referred to a re
newal of mining activity in Custer,
Lemhi and Elmore counties, and said
that equally favorable reports come
from practically all the mining coun
ties, all indicating that Idaho Is en
tering upon a period of great mining
prosperity.
bill to bar anonymous
The house
letters from the mails should be fol
lowed by one prohibiting the suicide
of unidentified persons.—Life.
TO THE SHERMAN VEIN
AFTER MUCH DELAY THE CON
TRACTORS ARE NOW MAK
ING GOOD PROGRESS.
One of the many interesting devei
opment enterprises in various parts
of the district engaging public atten
, ....... ,7 ... .
jtion ts that of the Oreano Mining
| compa ny, which is expected to make
. important disclosures within the next
twü or t^reo months. The Oreano
' property is situated well up on the
l d j v j de between Canyon creek and
| i ne Mile and has a common side
jj ne on | be no ,qh with the Sherman
Le ad company, also joining the Tam
' ar . u . k & Custer.
: a cl . OSS cut was run by the Sherman j
' le from 0reano workings which
■ ut the she ,. man vein, disclosing good
'
i
I
Several years ago
'showing of lead-silver ore, which tvus |
developed for several hundred feet
before operations were transferred to
the lower tunnels near Burke,
position of the vein in the upper
Sherman tunnel convinced ttie Oreano
management that it would be found
in the Oreano ground on its course
westward, and it is to prove that opin
ion that a crosscut is now being run
•
Tliu
by the Oreano company. It is esti- j
mU i ed that the vein should be reach- !
ed in the Oreano ground in about 300
feet and a
was let last fall,
in a gasoline compressor,
luck was their lot during the winter.
contract for that distance j
The contractors put
but
hard i
expectations,
smoothly now. however,
seen from the following letter to Ore
ano stockholders issued last week by
first engine troubles,
of water, with the result
work accomplished fell far short
Everything is running
then shortage
that the
of
will be
as
John Dolan, secretary:
"One hundred and thirty-eight feet
has been driven of the 300-foot cross
cut, which it is calculated will en
counter the vein. Payments are made
on completion of each 50 feet. It goes
without saying that the progress has
not been such as desired or to have
been expected. However, the com
pany suffers little other than the de
lay, which has been
conditions arising which could not
, have been foreseen and over which
occasioned by
! there was no control in preventing. H
! consisted irincipally of engine trou
, bles and seasonal conditions, on both
of which we have turned the corner
and prospects are now good for go
ing straight ahead.
heretofore been told, no encouraging
As you have
|
ors to provide funds
templated."
feature is expected in the formation
before the vein is encountered.
"The outstanding indebtedness of
in excess of
I the company is little
$100. As shown by the statement be
low, the funds on hand
sufficient
nearly
.11.
complete the 300-f°ot
Even though the vein i9
to
contract.
reached inside of the 162 feet yet to
be driven, as calculated, it will be ne
cessary to do exploration work on
same; hence an assessment
mills, notice of which follows, has
been levied by your board of direct
of 2%
for work con
ANNUAL CALLAHAN MEETING
FOUR DIRECTORS ELECTED
meeting of stock
The annual
holders of the Callahan Zinc-Lead
held in Phoenix.
company was
Arizona, last Monday, when va
cancies on the board of directors
were filled by the election of the
following: John Borg and Charles
Borg, of New York; M. G. Rodear
mel, of Minneapolis, and Leonard
E. Hanson, of Wallace. All were
reelected except Dr.
whose election Is the result of an
understanding at the time the
Callahan took over the Galena
Mining company to the effect that
the minority interests of Galena
should be represented In the Cal
lahan directorate.
Hanson,
PAYROLLS AND PROSPERITY
DISBURSEMENTS IN WAGES
MADE BY MINING COMPANIES
Of course
we all know
U the Coeur
that the
d'Alene
prosperity
district
depends directly upon the
the
the monthly
steady
which meats
of
oper ition
mines,
pay
companles
expenditures
rolls. Of i
also make
iarue
in
the purchase
terial and
of
equipment, mu
supplies which consti
C a big factor
t
In the business
"I the district, hut in the last an
ulysis it is
the
smile of pros;
tokens the pulse
avenue
check
Inch
pay
brings the
the homes i nd t|
of husinea
trade.
in
in every
Hut how many
rtl*
stop
to
realize the vast amount in the ag
gregate represented by these
checks as Fiey are regularly dis
tributed to the
pay
if the
employes
mines twice a month?
It Is a
conservative estimate to place the
number of employes of the mines,
mills and smelter, including leas
ers, at 4000, and it is equally con
servative to place the average
wage at $5 j er day. On that basis
the figures mean that every day
the wages earned amount to $20,
that every 30 days those
wage earners receive .'> 600 , 000 , and
that in the course of a year they
receive $7.209,000. Ah a matter of
fact, it is probable that there are
more than 4000 men on the pay
rolls and that they receive un av
000 ;
eruge of $5.25 per day. But tak
ing the basis stated as correct, it
is plain why the Coeur d'Alene
district is enjoying the greatest
measure of prosperity. Before the
year is much further advanced it
is safe to predict that the payroll
will l>e greatly increased, both
through the expansion of present
operations and the starting of new
development enterprises. Truly
this is u wonderful mining district
and, like 'Rastus, "We're happy
'cause we're here."
RECENT WORK DISCLOSED IM
of the
Mining com
pany. started the mill this week, ac
cording to information received from;
urray. Although the company has
of
rer com
pany having been completed to the
property last fall, Mr. Grimsmoe
use water power for operating the
mill. There is an abundance of wa
ter at this time and will be for sev
PORTANT ORE SHOOT—USE
WATER POWER.
C. I. Grimsmoe, manager
Parugon Consolidated
m
|electric
power available, the
t j, e Washington Water
I'e
erai months and the management will
take advantage of this situation
long as the amount of water is suffi
us
!
!
cient.
,, ,,, , , ,,
I he l'aragon mill has a daily
capacity of 100 tons, anil a year
!
more ago, when preparation was be
V , ..
ing made for resumption, the mill was
completely overhauled, repairs made
1
new equipment added, and the plant
in all respects placed in good condi
tion.
Fine Ore Showing.
For some time Mr. Grimsmoe with
j a f evv men i, afJ been engaged in
ue
veloping the i'aragon, and this work
Ac
Wias met with etalilwng results
i cording to dependable information, an
j
ore shoot has been opened in No.
tunnel for a distance of 50 feet, aver
aging about 5 feet wide, and showing
considerable ore of shipping grade.
[This ore is mostly lead-stiver and the
drift shows a full face of the same
ore. The showing of ore in
No. 4. together with ore accessible in
other parts of the mine will supply
the mill for one shift and possibly
more.
c | ass of
In spite of the long haul to the
ra ji road _ a ^ j| le pr esent prices of the
metals the Paragon company should
be able to derive a good profit from
ore shipments at this time, and it has
been somewhat surprising that the
company has remained
der these favorable conditions.
inactive un
SILVERSMITH.
Payment of
Company Announces
Regular Quarterly Dividends.
Coeur d'Alene stockholders of Sil
versmith Mines this week received
dividend checks on a basis of one
cent a share, the total disbursement
being $25,000. This is the fifth divi
dend paid by the company. In a let
ter accompanying the checks Presi
dent John B. White, of Spokane, says:
"The mine and mill have been con
tinuously in operation- with but slight
interruptions due to extremely cold
weather and snowslides.
from the mine are entirely satisfact
ory and you may look forward to reg
ular quarterly dividends of one cent
a share with extra dividends as it Is
deemed advsiable to pay same by
your board." The Silversmith mine
is located near Sandon, B. C.
Reports
OF HECLA
MILL FOR WIDE WEST
REELECT ALL OFFICERS
Soon Start Sinking on 2000
Level-Reach Star Vein
in October
A T THE annual meeting of the
stockholders of the Hecla Mi
ning company in Spokane last
Tuesday, James F. McCarthy,
a ml general manager, told
I ol tbe recent strike on the Wide West
claim in the crosscut 600 feet below
j president
the
upper tunnel, describing the
2'.j teet wide with a foot of good
vein
as
The crosscut is being continued
feet.
ore.
about 150
as the mineralized
character
f the ground adjacent
j the upper tunnel indicates the possi
Ibility of additional important ore dls
to
closures.
Upon
completion
if the
hielt will require about ten
days, attention will be turned to drift
ing upon the
crosscut,
vein and upon the re
jsult of this work will depend the
I struction of a mill for the treatment
con
! °*
he Wide West ore.
The present
i Hecla mill at Gem is now utilized to
the limit and it is impractical to in
: crease its capacity owing to the sup
; ply of water available, which ts no
j more than sufficient to handle the
: tailings under present conditions. If
I the exploration of the Wide West vein
! justifies the construction of a mill,
I Mr. McCarthy states that it will be
I built near the portal of the tunnel
j practically on the site of the old Tiger
I mill. The Wide West claim is one of
I the old Tlger-Poorman group acquir
|ed by the Hecla In the settlement of
Mitigation with the Federal. Further
development of this ground which
promises important results is being
carried out by crosscutting from the
Hecla 2000 level which will explore
the ground east of the old Tiger
Poorman workings.
The Hecla Vein.
Regarding the development of the
main Hecla ore body below the 2000
! level, reference to which was made in
a recent issue of the Miner, Mr. Mc
Carthy stated that a station is being
cut in the foot wall alongside the ore
shoot and some 2000 feet from the
(main shaft; that it was expected that
| everything would be In readiness to
begin sinking in about 60 days. At a
{depth of 400 feet a crosscut would be
run to the ore and if conditions were
; found satisfactory the shaft would at
j once be extended 400 feet further,
will;king a total
2000. This
[sinking (he main shaft
- level.
ma -
if 800 feet below the
ould he followed by
to the new
The Star Crosscut.
I The great crosscut that is being
run from the 2000 level to the Star
. . , , , ;
.vein has about 2300 feet to go to
. ,, , . ,, . .
I reach the objective, and at the pres
, . , „
ent rate of progress Mr. McCarthy
... . .. , , , .
(estimates that the vein should be
, , , ,, . . ...
I reached in October this year,
. , , , , . . ,
big enterprise is being carried out by
u. , , „ ,
Hecla and Bunker Hill & Sullivan
companies, operating as the Sullivan
Mining company. It will be recalled
that the legality of the agreement be
tween the two companies to pur
Thls
chase and operate the Star was made
the issue
lawsuit.
which terminated a little more than
a year ago In a sweeping victory for
Hecla and Bunker Hill.
in a sensational
i
|
]
Old Officers Reelected.
Mr. McCarthy, accompanied by Carl
Landsee, of Milwaukee, who has for
many years been a director of Hecla.
returned from Spokane yesterday
evening. They visited the iriine at
Burke this morning and Mr. Landsee
left on the afternoon train. Mr. Mc
Carthy stated that there was a large
representation of stockholders at the
meeting, both in person and by proxy,
more than 800,000 shares being repre
sented out of the total of 1,000,000. All
directors were reelected as were also
the old officers at the meeting of di
rectors which immediately followed.
The officers and directors are: James
F. McCarthy, of Wallace, president
and general manager: W. J. C. Wake
field, of Spokane, vice president: L
E. Hanley, of Burke, secretary and
superintendent. Other directors are:
E. J. Nolan, of I.os Angeles; F. J.
Kipp, Carl Landsee and Geo. P. May
er. of Milwaukee; Dr. H. C. Lambach,
of Spokane. All directors except Mr.
Mayer were present.
(
Golden Eagle.
The Golden Eagle group of claims,
situated west of the Amazon-Dixie at
Sildix. Montana, is being developed by
Martin Everett. A drift is being run
which it is stated will be extended 300
feet on a good showing of copper sul
phide ore.
It would Ttot be so bard to face a
winter like that of Valley Forge if
we only had more of the spirits of '76.
—Life.