The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-05-01

81 DEADWOOD. S. D.-The. sta tement is
sued by the directors of the Spearf1sh
Gold Mining and Reduction company that
the April SdiSidena, had been passed. com ;
ing without any explanation created con-
.ster1lation where the shares are held.
This has been allayed, however, by the
declaration of the superintendent, O.. N.
Brown, that the object was to do away
with the monthly dividends and distribute
the net earnings quarterly hereafter. In
stead of a one cent dividend for April a
three cent dividend will be paid in June
The change is in the interest of economy,
as three cent dividend payment will
not cost any more in postage and clerical
hire than the one cent payment that has
been practiced heretofore.
The Deadwood STANDARD Gold Mining
company made a good record for April. It
has appropriated money for the enlarge
.nent Of its present mill from 1875 to $50
tons daily capacity. This will be ac-
.conplished by the addition of tanks in
the teaching department.
CUSTER, S. D-Returns have been re-
ceived from the carload of ore shipped
recently by A. T. Feay, superintendent Of
the Northwestern Mining company, to a.
Denver cyanide plant for testing purposes,
and are highly favorable. Fifteen hun
dred pounds of the ore, found to be worth
S14 ton in gold, was crushed to 20 mesh,
and the extraction was at the rate Of
1920 ton in eighty hours.
The chemist recommended the use Of
a 80 mesh instead Of a 20 mesh screen,
which in his opinion will increase the ex-
traction from tos8 per cent, and shorten
the time. This ore is from the Mayfower
mine: near Custer. and the report has
practically, decided the Northwestern COM
pany, to build q mill.
The Cumberland Mining company Is in
stalling an air compressor and drills in
the old j. r. mine. A depth of 200 feet
has been attained and several hundred
feet of lateral workings have been driven
OH that level, along the course Of the
vein. The vein has been well determined
and is one of the most regular In the
southern Black Hills.
81 A large shipment of ore has been made
by the owners of the Oriole mine, Jack
Forsytle, Frank Marsh and associates,
for the purpose of experiments. The ore
is free milling and concentrating and car
ries good average values
The Sunbeam Mining company, which
has been purchasing and putting in new
machinery at the Friday gulch property,
Is practically ready to resume sinking In
the shaft. The work performed by this
company has produced flattering results.
HOT. SPRINGS, s.s-D.-A hoist and
/
the Grizzly Bear mine
It is asserted around Hill City that an
other rich strike has been made in the
Golden Slipper mine by the Empire State
Mining company. The strike is in one OF
the crosscuts Of the main shaft. which
opens up a new zone OF ore. This com
pany is in a very prosperous condition.
There is said to be a deal pending for
the. Grand Junction property. near the
town of Custer; and experts have been in
the region making investigations
The Black Hills Porcelain Clay and Mar
bic company has another carload of mica
ready for shipment to the eastern market
| The companyp has been devoting It's
energies to the mica in particular during
the last few months. but work is to be
started in a short time on the lithograpl
stone and marble.
Ore CARRYING a high percentage of wolf
ram or tungsten has been found in Gus
! ter county by VIII. Walking and T. Bow
ems The ore also contains some gold
The tungsten is used in the manufacture
of tungstic acid valuable as an alloy II
steel