The herald-advance. (Milbank, S.D.) 1890-1922, 1904-12-02
HoMEsrAkE TO PAY MORE SOON.
Extra Twenty-Five-cert Dividend Is
Comma,

~>S@ W. '>>
now quoted at $67. A month G this
stock was to be had at So to $50. 1t
is evident that the Homestake is grad.
ually reaching higher levels, and at
no distant date the company will be
paying an extra 25-cent dividend.
Three years ago the extra monthly
dividend was dropped, and since that
time a dividend of % cents monthly
has been paid. 1t looks now as though
homestake would go to par-$l00-in
the near future.
The main tunnel of the Homestake
Extension company has reached a dis
lance of 100 feet. and is in rore from
surface. Several officers and stock
holders have arrived here. Among
those who are looking over the como
pany's property are Fl. H. Douglas,
head of the firm of Douglas, Lacey &
Co.; Joseph Newman, president of the
Extension company: Olcott H.. Nix
and V. H. Messenger of Elgin, H.; l..
J. Simonds Of Goshen, Ind, and r. l..
Spencer of New York. 1t is under
stood the company is figuring on TAX
ing up a large acreage on the Gale
donia side.
The machinery has arrived for the
new hosting and mining plant at the
property Of the Elliptic GoA Mining
company. The consignment consists
of two sixty-horse-power boilers, a
friction-clutch hoist of 10x12 size, a
high and low pressure compressor,
Ingersoll-Sargeant drills, and a dyna-
mo for electric lighting. Work has
been temporarily suspended in the
shaft until the new machinery can be
installed.
Track has been laid to the lower
tunnel of the Spearfsh mine, and ore
is being loaded into cars from the
upper workings at less expense than
usual. The quarterly dividend is ex-
pected to be paid in a few days.
Conditions at the Hidden Fortune
are much improved. Twenty stamps
have been placed in commission for
the night run at the mill, and forty
are dropping during the daytime.
Good reports come from the Dakota
mills. and there is a stronger demand
for shores. In three months this com
pany has been crushing 124 tons daily.
Wasp No. 2 is installing a lot OF new
machinery at the mill in order that
loss of time may be avoided. A new
set of adjustable rolls are being put
in, to be operated by the side of the
old set. so that when it is necessary
to put new shells on one set the other
may be brought into use.
Work on the Alti Lodi mine, near
Rockford, has been discontinued for
the winter. The season just closed
was given up to development Work
principally. The Huntington mill, on
the ground, was in use part of the
summer, and the production is said
to have been satisfactory. The mill
has a capacity CT only twenty-five tons
The mill at the Glover Leaf mine
will be closed for the next few weeks,
while a new stampmill and engine are
being installed. Formerly there We're
two engines in use at the mill, but
these will be replaced by one Corliss
compound engine of $50 horsepower.
President WibauX of Montana has
been at the mine several days.
The Commonwealth Mining COM
pany is preparing for a large amount
of work on the MonteZuma property,
neal Rockford. Old openings are be
ing cleared out, and the mill at Rock
ford has been put in shape for i'm
mediate use. The deepest opening in
the MonteZuma is about 210 feet, and
it is the plan of he company to n
tinue to a depth of 1000 feet, crosscut,
and at the same time run tunnels and
drifts on levels already opened.
The Puritan Mining company is in
s~talling additional facilities at its mill
near the head Of Big Strawberry gulch.
Cyanide tanks will be built. and the
tailings will hereafter be subjected to
the cyanide process.
The Orc Hondo Mining company is
drifting both Ways from the bottom
of it's shaft in Whitewood pulch, at a
depth of 1000 feet. The company Is
proceeding very carefully and for the
present is giving out no reports OF
what it has found or expects to find.
It has options on a large acreage.
Drifting is under way northerly and
westerly on the 500-foot level at the
Globe property, the northerly DRIFT 1oi-
lowing a vein of ore measures thirty
one feet from wall TO wall. This VEN
is said to average $14 a ton gold. The
officers and directors are busy raising
a mill fund, and until it is accomplish
ed nothing further will be done to-
ward erecting the mill.
The shaft on the Gold Eagle com
pany's property has reached a depth
of about fifty feet. with excellent pros
poets showing in a blush slate ana
quartz, similar to that found ON the
G~oldstake and other free milling ore
propositions of the Garden City
The Beadle county commissioners
added $1,000 to the reward for the ar
rest of the murdererS of Todd and