Custer weekly chronicle. [volume] (Custer City, S.D.) 1890-1931, 1897-01-30

Crown Hill Siding on the Spearfish
branch of the B. & NJ. railroad, near
Ragged Top, has recently been consum-
mated. The property was owned by w.
w, Olds, pioneer resident of this city,
and was purchased from the original
iocators by him and Or. Flick, of Rapid
City, about ten years ago, Mr.. Olds
afterward purchasing the interest Of his
partner thus becoming sole owner ofthe
property. The purchasers are S. L
Yonng and George Deppo. of Sioux
Falls, and the consideration, while it
has not been definitely stated, Is known
to be large, and Mr.. Olds is being
warmly congratulated by his friends
upon his good fortune. The ores found
in the various workings is identical with
the Bald Mountain ores, and, by prac.
tical tests mace at the Deadwood Cya-
nide works, good values have been
clearly determined, the tests ranging
from $500 to S9400 per ton. The prop
erty has been fairly developed, by
tunnel l25 in length. all in ore of fair
grade; two shafts, As and so feet deep
through shales showing favorable in
dications of the near approach to the
ore body, and a number of open cuts, all
showing ore Of pa. able character. The
purchasers propose to proceed, at an
early day, with the thorough develop
ment and extensive operation of the
property. Mr.. Young is now on visit
at Canton, Ohio, and upon his return,
will locate permanently, with his family,
at Spearfish. Mr.. Olds, while he may
be absent much of his time looking after
his mining interests in the various
camps of the Hills, will still maintain
his home and headquarters in this city.
A S250,000 DEAL.
Yesterday afternoon bond and OF
ton was given on a large group Of mines
situated on the Blacktail divide, to 8
representative Of the Letter syndicate,
Of Chicago, now operating in Cripple,
Creek, Col. The bond runs for ninety
days, at which time the entire amount
is to be paid. The owners of the prop
critics bonded have the privilege of
working them during the meantime.
Among the properties in the deal is the
Kicking Horse group, the price Of which
is $l50,000. Owners Of other properties
in the vicinity were asked to come into
the DEAL but declined to do so without
cash consideration for the option.
The properties included in the deal are
we'll developed and have been steady
producers Of ore for some time. The
syndicate has secured a valuable prop.
erty, and will no doubt take up The
bond on or before maturity.-Times.
NEW DISCOVERY
Has been made in the limestone
range. one mile north of the Montana
mine and one and half miles north
east from Bill Tillson's ranch an the
line Of the b. & NJ. railroad. The dis.
covery consists of ore that assays
from $2s to 500 per ton. The discovers
William Tillson, p Peterson and NAL
com Martin, have located group Of ak
claims, on each one of which they have
found the same character and grade of
ore. The rock is very fine grained,
rather finty in appearance and blush
in color. Previous to the Ragged Top
developments it would have been
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Mr.. Tillson was in town yesterday and
reports that the heavy snow now on the
ground will prevent further prospecting
until spring. The new discovery is
only about 900 feet east of the property
known as the Seventh Cavalry, on
which considerable development work
has been done.-Times.
KEYSTONE MINES.
L. X. Stone, Of the Keystone Mining
company, came up from Keystone Sun
day, says the Deadwood Pioneer. He
intends to start in few days for ST.
Louis, where he will negotiate with
some English capitalists upon mining
deal. The Keystone mine is still mac
tive, but through no fault of its own
MIR. Stone informed a Pioneer repre-.
sentative that he and associates had
recently made careful survey Of the
inte.ior Of the mine, and placed the
amount of ore in sight on the ore level
at 100 00) tons This ore is worth, on an
average, between five and six dollars q
ton, and would, if worked on a scale
proportiOnate TO the extent Of the mine
be one of the most profitable possessions
in America.
The Holy Terror is working steadily
milling ore from the 400-foot level q,
present. A shaft has been started and
500-foot level will be established as
soon as the shaft is complete.
The test run of the Ingram custom
mill, upon ore from the Juniper mine
is progressing satisfactorily, and the
Juniper people are la ing their plan.
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