Fergus County argus. [volume] (Lewistown, Mont.) 1886-1946, 1905-10-27

ores has been two cents per pound
for 80 per cent of the lead contents.
This price is equivalent to a quota.
ton of $3.50 per hundred weight, less
112 cents per pound. Beginning
with Monday, October 9, we will pay
for lead ores on the following basis.
when the lead is Ave per cent or over.
For 80 per cent of the actual lead
contents we will pay 80 per cent of
the average sales price in New York
for common desilverized domestic
lead in 5O-ton lots, as made by the
American Smelling and Reduction
company, during the week preceding
date of settlement of the lot in cues.
ton. less III cents per pound, so long
as such selling price shall be 81 per
hundred weight or under. Should
such price exceed 81 per hundred
weight, then the price to be paid in
settlement would be 80 per cent of
81, plus one-half the excess over 81,
less " cents. For example: The
senlng price for domestic lead in
New York at present is $4.S5 per hun
dred weight, 80 per cent of 81 equals
$3.50; plus one-half the difference
over 81 (42h cents). equals $4.O2h
per hundred weight; less ~ cents
per pound, equals $252h per hun
dred weight. Therefore, instead of
paying 81 per hundred weight, or two
cents per pound for lead as hereto
tofore, we will pay $2.52k so long
as lead is selling at $4.S5 in New
York. To illustrate the difference
this will make to the shipper on ore
containing so per cent lead, the diff.
ference in price would amount to
$4.72 per ton, and on rs per cent lead
ores 2.36 per ton. This increase in
the price to be paid for lead is made
with a view to stimulate the mining
and shipping of lead ores throughout
the state of Montana"
The financial status of the Com
stock companies on October was as
follows: Alpha, cash on hand, ST.
TIA; Alta, 1901 (unpaid bills, $3,258);
Andes, $5,763; Belcher. $1,000 lex.
penses partly paid; Best & Belcher,
$2,1S1; Bullion, $4,O51; Caledonia,
$3.50; Challenge. $1,175; Chollar,
$2,O7S; Confidence $1,691; CONSOLIDATE
ed Virginia, $27,423; Consolidated I'M
perial, $2,9S8 assessment of 1c per
share duel; Consolidated New York,
$3.50; Crown Point, 1851; Exchequ-
er, 1896 assessment of SC duel !;
Gould & Curry, $5,142; Hale & Nor
cross, 1912 indebtedness $4,000 +;
Julia, $1,377; Justice, $3.50 (gold bar
in Virginia $276); Mexican, $245, (as-
sessment of 15c due: Ophir, $29,O67;
Overman, $4,73O; Potosi, $4,754 (as-
sessment of 10c duel; Savage, $243
assessment of 1Oc duel; Scorpion, st..
399; Sierra Nevada, 1896 assessment
of 1Oc due); Silver Hill, $19,173; I'm.
ion Consolidated, $648 assessment of
1Oc due); Utah, 5000 Indebtedness
$4,000, and assessment of SC duel !;
Segregated Belcher & Medals, $27.
The plant of the Montana Zinc
company, which is the old 6O-stamp
mill of the Alice company in Walker
vile, has been started up again, and
if nothing hapepns to interfere with
operations, the chances for long
run are good, says the Standard. The
mill was closed down about six weeks
ago On account of an inadequate wa.
ter supply, and nothing further could
vised ways and means of obtaining
a oupIy SOluC SOulC0 OCucI ludIl
the Moulton Water company and max.
ing the connections.
j. NJ. Parent and others have filed
notice of location of a placer claim
of 100 acres, situated in the South
MOccasin district.
w. c. Kruse, of Kendall, has sold
to F. E. Wilson, of Lewistown, for a
stated consideration of $40 half in
terest in the B. E. fraction and the
Old Batch claims, in the North Moe
casin mining district.