Custer weekly chronicle. [volume] (Custer City, S.D.) 1890-1931, 1893-10-28
Mining Items.

The Homestake Co. declared it regu-
lar monthly dividend Of ten cents per
share on the 25th inst. total to date OF
81, ,O56, ,25O. The New York quotations
of the company's stock, on the date
mentioned were 3ll.0O bid, and $1,000
asked.
1t is reported again this week that op-
erations at Keystone are to be resumed
within day or two. Major Simmons
authorizes the statement that the com
pany and the men have agreed upon
Thomas Blair as superintendent, and
that under his direction work viii be
Immediately resumed in the mines and
mill. Twenty men will be employed in
the workings of the mine, and only ten
stamps will be dropped until the water
supply can be increased. John Munger
win be employed as foreman, ane<}sa-
jor Simmons as general superinterdent.
We are all earnestly hoping that this
good news is reliable.
w. w. Olds gives us forcible illus
tration Of the unreliability Of the aver
age experiment made in mining coun.
try by men who are not thoroughly
conversant with the business. While
the new machinery was being set up at
the Gold Star mill this week, Mr.. Olds
spent some OF his spare time in panLing
some Of the tailings Of the short run,
which was made when the mill was in
the hands Of Olmstead and other Min
nesota parties. Running th- result of his
clean up into a button, he weighed it
and found that he had fraction over
six pennyweights Of gold. When it is
considered that this was free gold which
mad escaped the amalga mating plates, IL
need not be wondered that the Mime
sofa people threw up the sponge in dis
gust and gave the country another black
eve. 1t simply proves that the success
full operation of mines and reduction
plants requires men who understand
the business, and further that our ores
should not be held responsible for the
ignorance and inexperience of every
one who chances TO experiment with
them.
In compliance with a request Of w. p.
Thornby. one Of the judges of awards of
the department of mines and mining of
the Worlds Fair, sixty pounds of ore
from the Globe mine was sent to him by
Messrs. e.. A. Haserodt and Charles
Harbach, the owners of the property.
The ore was taken by Mr.. Thomly to J.
s. Cary. the official chemist of the min
ing department, and it was assayed by
him. A certificate of the result of the
test, officially signed by Mr.. Cary, was
received this week. and is now at the
drug store of +. j. V. Rutkowski, where
il has been exhibited to q number of
persons, among them a CHRosIcLE re-
porter. Assayer Cary reports that sbc
ore contains $s7 in gold, and proves
conclusiyely that in richness it is all
that has been claimed for IL. The own
ers are working down on the ledge which
has now widened to seven feet, and the
samples sent to Chicago do not compare
with the ore which is now being taken
out Of the mine. Average specimens
which have been brought in this week
are streaked with white metal. which is
known a. silvernite. II is claimed to be
the richest telluride of gold, running so
per cent pure, and it is believed this
character Of ore will assay hundreds of
dollars to the ton. The owners Of the
Globe are satisfied that they have a bo-
nanzs, and Its development justifes
| that belief.