Custer weekly chronicle. [volume] (Custer City, S.D.) 1890-1931, 1897-08-21
Mining Items.


the new discovery camp near Myers
vile, says the Rapid Journal, the oberg
claim is showing up well, in that the
ore prospects so uniformly in ledge
over ten feet wide. Frank Caughran
secured bond on this properly for q
small sum, as soon as il was discovered,
and has now rsbonded the claim to J..
b. Taylor. who is representing Dead
wood parties, for $4,000.
HoMEsrAKE REPORT.
The animal report Of the homestake
Mining Company for the year ending
June lst 1897, has been submitted by
Supt. I. J. Grier, and the following
document, which is made public, accom-
panied the same:
Lloyd Tevis, Esq, President Home
stake Mining Company, San Francisco.
Cal. Dear Sir:-Anotber year in the
life Of the "Homestake" has gone. Dur
ing the twelve months there was added
TO the plant 100 stamps at the old 100
stamp mill. and powerful twin com
pound condensing engine to run the
enlarged esta blishment, giving the COM
pany two frst-class mills Of 200 stamps
each
At the south end Of the property, and
on the south side of Gold Run gulch q
new hree-compartment shaft was sunk
oyer 400 feet. and the 200, 800 and 400
levels of the mine connected with it.
Over the shaft fine steel building was
erected, and at this writing a very pow.
erfu pair Of hosting engines is being
installed therein. A steel yiaduct, 900
feet long. vas built across the gulch to
connect the new hosting works on the
north side. There have been no new
ore developments at the mine since the
last report. Everything about the
works is in good condition and is run
ming smoothly.
For details of ore mine and milled,
bullion produced. etc, see the secre-
tary's report accompanying this.
Even with the additional stamps, we
have twenty years ore in sight.
Yours Truly.
T. J. GREEs, supt.
The company has in its sinking fund
q balance on hand Of 500, STAG.
THE PIERCE DEAL.
A party Of Englishmen, about four.
teen in number haze secured accom-
modations at the Bullock hotel, this
city and are expected to arrive in few
days to make the final investigation o
properties and titles Of the properties
involved in the enormous transaction
known as the pierce Deal" The pro
perty, mostly at least, is situated on th,
divide northwest of Lead and adjoining
the Homestake properties. With thi
party will be several Of the most emil
nent engineers in the world and lega
and financial representatives of tn
prospective purchasers. They are tn
principal owners in what is known g
the Associations Company, Limited
> OF LONDON, and ft is said they own mor
capital than the Bank of England. Thi
company owns 81 propositions through
out the world and each one consists of
large tract of ground and is a producin
property. These properties are in Al
strslia. South Africa, New Zealand an
almost every country in the world bu
the United States. They are English
men entirely. 1t is said that Mr.
Pierce's representations we're modes
and that subsequent investigations wer
gratifying and warrant the belief tina
the final examinations soon 10 be mad
will exceed the former ones and tina
the deal is practically made. Attorns.
Wilson has been busy securing exten
sions Of 30 days from September lst oil
the properties, which were readily givel
by the owners. This is TO afford pleht.
of time to examine titles and put all tn,
details in perfect shape. 1t is the wisi
of eyeryons that the deal will be mad
and that the company will make sue
cess of their venture.-Pioneer-T Times.
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