Custer weekly chronicle. [volume] (Custer City, S.D.) 1890-1931, 1902-11-22
Mining Items,

The Holy Terror Mining company of
Keystone has leyied an assessment of 8
cents per share upon the capital stock of
the corporation. The assessment is pay
able on or before the 9th day Of Decem.
ber.
Articles of incorporation haye been
filed with the secretary of state for the
Ruberta Mining and Milling company
at Custer City, with a capital of $3.50, 900;
incorporators, L. N, Lewis, w. w. Olds,
Franz r. Olds.
The Hill City News reports that the
tests on surface ores from the Tigerville
district which have been made by Mr..
Croft in the five stamp mill haye proven
very satisfactory, and Mr.. Croft will 60
ahead with the development of the
property.
Director of the Mint Roberts has made
his final statement covering the output
of gold from Alaska during the ten
months of the year. The figures are
based on recei pts at San Francisco and
Seattle, and are as follows: Nome, $5,-
OOS, $50; Klondike, $l3, 1851 ,O95, total of
$ls,S7O,O75. This is over 100000 in
excess of the output from the entire
Alaska district during all of last year.
Frank Hebert has again cut into the
pay ore chute of the Clara Belle vein in
the new shaft, says the Hill City News.
The ore is very rich and leaves big
string of gold when subjected to the pan
and mortar test. How much there is of
it we did not learn but where there is so
much rich ore found, it would seem, that
there should be mine and we hope that
Mr.. Hebert will succeed in making the
Clara Belle producing and dividend
paying mine.
The deal reported pending in our issue
Of last week on the Mayfower group of
gold claims, four miles west of Custer,
was fully consummated on Monday with
party of Wisconsin capitalists. The
main shaft will be Immediately unwater-
ed and Strengthened and the vein prop
erly opened up. A plant to treat ten
tons Of ore a day will be erected with
cyanide attachments, and other veins or
ore bodies in the group will also be de-
veloped. The ore is expected to mill
about ten dollars ton. A T. Feay has
charge Of the property.
The history of the great Homestake
mine of South Dakota reads like ro-
mance--that is, from financial point at
least. When the shares of the company
were first offered they went begging at
$1.OO. Soon thereafter two assessments
of 81 each were levied, making the shares
cost the owners So each. But look on
the other side. Since incorporation the
company has paid 22S regular monthly
dividends, amounting in all to $l1 ,54S,-
$50, approximating some $50 per share.
A recent sale was made of small block
of these shares. which brought $50
share. Thus that which originally cost
So a share, including dividends, nets the
fortunate owners $l55 share.-W Western
Mining World.
BLUE LEAD TO RESUME.
1t is reported that r. M. Maloney is
making arrangements to resume work
on the Maloney Blue Lead group Of
mines near Sheridan which was sue
pended last spring. The boarding house
has been placed in good condition, and
the other buildings are in good repair,
80 that when the work is started in the
mine everything will be ready to accom-
date the large force of miners that will
be placed in the mine. Three shifts Of
eight hours each will be put to work,
and the drift which has been started on
the vein extended about 700 further.
The ground is the property of the Ma.