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Wallace Miner in Wallace, Idaho

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This newspaper page contains 9 articles. Subscribers can read the full text of each article.

Newspaper

Wallace Miner

Location

Wallace, Idaho, United States of America

Date

Jan 03, 1924

Page

1

Mining review highlights Idaho gold and lead gains in 1923

Stewart Campbell notes 1923 mining activity in Idaho rose with new developments and a rebound in public confidence. Gold mining thrived with four gold mills and several dredges, while low-grade deposits drew new operators. Lead remained strong amid high prices and heavy prospecting, aided by Anaconda Copper’s entry into Shoshone County and new safety initiatives at Coeur d’Alene led mines.

Idaho Shoshone County Anaconda Copper Mining Company Wallace Pine Creek Coeur d'Alene K. T. Sparks United States Bureau of Mines Ajax Mining Company Alice Bunker Hill & Sullivan Company Amy Matchless Mining MII

Stratton option change ties to Stratton Mines stock shift

Stratton & Stratton completed the final step of their promotion plan with the McPhillips property. Options to purchase 750 shares at 20 dollars expired January 1 and any remaining options are now worth 250 Stratton Mines shares. Mr. Stratton said most certificates are unused or being exchanged. Mine work progresses with promising results as visitors report the west drift showing the best since the initial sensational strike.

Stratton & Stratton McPhillips Stratton Stratton Mines Company

Callahan and Galena Work Progress Stirs Ore Prospects

The Callahan Zinc Lead Co reports ongoing development at Callahan and Galena with a 100 foot winze on the 1100 level showing lead ore and Burke quartzite hints. Management plans to add 45 men at Galena to expand No 6 tunnel and 600 shaft level operations while new employee housing and facilities are completed.

Callahan Zinc-Lead Company Callahan Galena Los Angeles Callahan Company W. Newton No. 6 Kill Buck Dennis O'Leary

Rex Consolidated to Be Taken Over by United Rex Co

Rex Consolidated Mining stockholders are informed that the subscription period for United Rex Mining Co stock at 20 cents per share ends December 20. Any unpurchased shares will go to the company treasury, with a syndicate underwriting enough to net $62,500 for working capital.

United Rex Company Financial News New York Rex Consolidated Mining Company United Rex Mining Co

Wallace and Burke Train Service Hearing Before Utilities Board

Wallace and Burke rail service is urged as mining workers strain Burke housing. The Northern Pacific supports a morning train. the O W R N refuses afternoon service, arguing for joint action to move workers to Wallace. The public utilities commission convened in the probate court room to hear advocates from the board of trade and railroad representatives.

Public Utilities Commission J. C. Greaves Wallace Burke Wallace Board of Trade Hecla Northern Pacific Turke Canyon F.C. Greaves Boise Board of Trade Probate Frank J. Cannon B. Arney Spokane J. G. Sanders

Coeur d Alene Dividends Doubled in 1923 Notable Local Events of Year Just Closed

A year end review notes mine dividends in 1923 totaling over 5 million with Hecla leading gains despite losses to its surface plant. Fire disasters at Morning and Hercules mines prompted new rescue measures and wage increases followed by a major Morning ore body discovery and interstate freight rate adjustments for Bunker Hill smelter.

Coeur d’Alene Coeur d'Alene Bunker Hill Hecla Bureau of Mines Interstate Commerce Commission Atlantic Seaboard Montana Utah Eugene R. Day Agnes Loretta Day

Resumption at Hecla Delayed by Cold Weather

Production at the Hecla mine may be postponed a few days as extreme cold slows work on the new ore bin and conveyor. The hoist should be ready by January 15, with possible use of a chute direct to railroad cars if needed. Temporary arrangements could route ore until the concrete bin is operational.

Hecla

Western Union Mining Stockholders Warned Against Bad Advice

The executive committee warns stockholders to ignore gratuitous advice from unseen sources predicting heavy assessments. The letter details management’s reforms, ore developments, and a hopeful outlook while naming D. H. Anderson, Walter H. Hanson, and Herman J. Ross as signatories.

Western Union Mining Company Western Union D. H. Anderson Walter H. Hanson Herman J. Ross Ask

Hercules Company Now a Corporation Formation Spreads Mining Reach

Hercules Mining company converts from a partnership to a corporation with a 5 million capital, led by Harry L. Day. The Day family controls vast mineral holdings from Burke to Beaver Creek and east to Hecla, with claims on Packer creek and properties like Sherman Ambergris and Amazon Manhattan. The move signals expansion of operations beyond the flagship Hercules mine, whose bonanza wealth funded regional development including Spokane offices, stock farm, Portland hotel, and other ventures.

FPP Hercules Mining Company Hercules Harry L. Day Day Organ Hercules Company Day Family Burke Beaver Creek Maher-Hearne Hecla Tamarack Sherman Oreano Hummingbird Stanley Basin Laclede Ambergris Portland Sunshine Amazon-Manhattan Ray-Jefferson Packer Creek Saltese Montana Bryan U.S Bunker Hill Paulsen Hutton Spokane City

Also Mentioned on This Page

Campbell OKO Mining Stewart Campbell State Inspector of Mines Wdabo Stratton Mines CO Callahan and REX Consolidated Wallace and Utilities Commission Weny Wee Jerome J. Day Axel P. Ramatedt August Paulsen L. W. Hutton F. M. Rothrock Eleanor Day Boyce Vortland Frank P. Markwell Long Reach Cal William H. Hoover Walter B. Helfeld England Wales
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