The Minneapolis journal., 1904-11-21
.HOMESIAKE TO
PAY MORE SOON
EXTRA TWENTY-FIvE-CENT DIvI-
DEND COMING.
Stock Has Gradually Advanced More
Than $40 and May Go to 500. Ii a
Short Time-O Officers and stockhold-
# ers of the Homestake Extensions Com
pany Visit the Hills.
Special to The Journal.

snec;al +o The Journal,
Lead. S. D., Nov. 21.-Homestake stock has
gradually advanced for a week, and, shares are
now quoted at $67: month ago this, stock
was to be had at s52 to $50. 1t is evident that
the Homestake is gradually reaching 4 higher
levels, and that at no distant date the company
will be paying extra 25-cent diydend.ss Three
years ago the extra monthly dividend. was
dropped, and since that time diyidend of 25
cents monthly has been paid It looks now
tho Homestake stock would go to par--$1QO-in
the near future. T 4Sfgs i
/ : The main tunnel of the Homestake Extension
company has reached distance of 1so1 feet, and
is in ore from surface Several officers and
stockholders reached the Hills yesterday . Among
those who are looking over the company's prop
erty today are H. H. Douglas, head of the firm
Of Douglas Lacey & Co.; Joseph Newman presi-
and " H. Messenger of Elgin Ill; L. J.
simonds Of Goshen, Ind, and R. L. Spencer of
! New York. 1t is understood the company is
figuring on taking up a large acreage son the
| Caledonia side. i s{s.Is :
The machinery has Arrived for the new hoist
ing and mining ,,i. plant at the property OF the
ment consists of two sixty horse power boilers,
a frictionclutch hoist of 10x12 size,s arhigh and
low-pressure compressor. Ingersoll.s l.sergeant
drills and dynamo for electric lightning Work
the new machinery can be installed;
t. 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 expected
| to be paid Dec. i. 50 a.,
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 Dakotarm mills, and
there is stronger demand for shares :tIn three
months this company has been crushing 1M tons
Of ore daily. @-1IH !;
Wasp No 2 is installing a lot of new machin-
cry at the mill in order that loss Of time may be
avoided new set of adjutable 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.
DEADWOOD, S. D.-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, the ground, was. in use part
of the summer, and the production IS said to have
been very satisfactory. This mill has ';capacity
of only twenty-five tons day at present.
The mill at the Glover Leaf mine will be
closed for the next few weeks, while new
stampmill and engine being installed !, For
merly there two engines in use at the
compound ngine of $50 horsepower ssS President
Wibaux Of Montana has been at the mine sew
eral days. =. -2&s 1&j9
The Commonwealth Mining company Il pre-
pairing for a large amount Of work on the; Monte
yuma property near ford, Old openings dr.
being cleared ,oats mill at Rochford l1a'
II bean put Iii shape sseEs Immediate suse. Iht
continue to depth 81 400 feet, crosscut, and a
the same time run tunnels sapa 1Fiftsson sleVel
The Puritan anHlig Seu,ppanss Iii Installing ad
Editional facilities at its mill near the head O
hT stss ssg ~ ipsS tsRsA EN- snS b
Ljected to the cyanide !bfocess IL W.
The Orc Hondo Mining company is drifting
both ways from the bettonf-of its shaft ii
Whitewood gulch, at depth of 1000 feet. Th!
company is proceeding! refuny and for sthi
present is giving out no reports Of what it hal
found or expects to; fndsI: 4 has options on
/ large acreage. #~.. sf
Drifting is under way gnortherly and westerl,
on the 500-foot level at the Globe property, th
northerly drift following vein Of ore that meas
, ures thirty feet from wall to wall. Thi
vein is said to average $14 a ton gold. Tn!
officers and directors Ssare. busy raising nff
fund, and until this is accomplished nothing fur
tier will be done toward erecting the mill.
The shaft on the, Gold Eagle company's prop
erty has reached depth of about fifty feet witt
, excellent prospects showing In BLUSH slate ant
quartz, similar to- that found on: the Goldstak
i. Garden City district $.:.>@< "< 80 :.