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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
May 29, 1916
Page
12
A long description proclaims Oatman Arizona as a model mining camp with rapid growth and robust services. The piece notes churches, schools, hotels, banks, telegraph and telephone, and prohibition success. It highlights orderly conduct, minimal intoxication, and miners investing in local stocks, creating a peaceful frontier community atmosphere.
The Success Mining company, owner of the Le Ces mine in Nine Mile district Coeur d'Alenes, moves dividend payments to the 20th of each month from the 21st. Stockholders of record on the 15th will receive the payout. books close from the 15th to the 1st.
Caledonia Mining Company announces a regular monthly dividend for its stockholders of record by May. The company reports a total annual disbursement of 1,825,581 dollars, with a 2-cent per share distribution comprising part of the plan.
Cardiff mining operations in Utah expect shipments to hit about 300 tons daily once winter road conditions improve. The Cardiff mine, with 14 ore units loaded for the sampler, aims to boost output using an electric motor for ore trains, while repairs and new loading capacity proceed. Dividend to shareholders totals 125000 dollars at five cents per share, with 100 miners and ore haulers employed and rushes to resume full-scale development on the 500 level and related tunnels.
The plan outlines a general budget for the upcoming fiscal year focusing on railway expenses. No new lines will be constructed, but work already started on two projects will be completed as scheduled.
The Purnell mine in the Serateh Gravel district near Hel-Pha is cleared of debts from a shutdown two years ago and plans to restart once the patent is granted. Owner cleared labor liens, now pursuing a deal to place the property among producers. A 500 foot shaft yields promising veins with ore samples showing copper and silver values, awaiting full machinery setup.
New mining gear including a 25 horse power air compressor and all accessories has arrived and been installed at the Bannack property near Bannack Fontana. Patented Vine claims along the vein reveal fine ore, with an 1,800 foot long shoot 50 to 125 feet wide carrying hundreds of thousands of tons. Assays show 7 to 4.8 percent copper, promising strong profits. A 100 foot shaft will begin to explore bedded ore bodies and higher value ores are present across the property.
Work in the Julia mine, nine miles from Elliston, is likely to resume soon. Located about 20 years ago, the claim was later acquired by Montanaclinton Co. The mine yielded ore worth $80 a ton at war prices, now estimated at $50. The copper lead and gold producer sits 600 feet deep with 1500 feet of drifts and is ready to resume once the shaft is cleared.
Observers at Lowell report Saturn showing a pinkish brown hue and noticeably darker ball than its rings. Comparisons of the planet's brightness with Capella Procyon and Mara suggest it is dimmer than the ephemeris predicted.
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