Fergus County argus. [volume] (Lewistown, Mont.) 1886-1946, 1905-11-03

In view of the recent strike of plat
mum at Maiden, the following from
the Mining World will be of interest:
The war between Russia and Japan
Is probably responsible for the fact
that the output of platinum in the
United States increased from 10
ounces in 1908, valued at $4,000, to 200
ounces, valued at $4,16O in 1904. Ow-
ing to anxiety in regard to the fate
OF the platinum industry in Russia.
the price of platinum rose about 10
per cent during 1904.
ut should not be understood" says
DR.. David T. Day Of the United States
Geological Survey in recent report
on the production of platinum and al
lied metals in 1904, that the slight
rise of 10 per cent in the price Of
platinum would serve as any great
stimulus to the placer gold miners of
the west who furnish the platinum
products Of the United States, for
these miners are comparatively indif
ferent to slight change in price. The
scarcity of platinum and the conse.
quent rise in price, however, led to
much energy on the part of eastern
smelters of platinum in urging upon
the placer miners of the west the ad-
visibility of saving platinum in clean
ing up the hydraulic mines. The in
crease thus affected is interesting as
showing what is possible in the Unit
ed States in the future"
The new district of Manhattan, 50
miles north of Tonopah, promises to
rival Goldfield in high grade ore. Dis
covered last May, it is being opened
by leases, of which over so are being
worked and six of these on the orig.
inal discovery, have shipping ore as
saying from $3.50 to $500 ton. A shaft
sunk on the vein by the locators has
proved the ore to be from four to nine
feet wide, and the first shipment of
10 tons from this left Tonopah this
week, and it is predicted will yield
over $4,000 ton. In consequence, the
camp is attracting much attention as
large bodies of milling ore have also
been opened up and it has the natural
advantages of abundant wood and wa
ter and it's permanency seems assur.
ed.
Throughout Nevada there Is an urg.
ent demand for lead mines caused by
the scarcity of lead ore at the great
smelling points. The control of the
Roscoe Homestake Mining company
which has just paid it's sixteenth divl-
dend of $4,000 has passed into the
hands of the Guggenheim Exploration
company. The property is situated at
Hamilton, White Pine county, and the
adjoining property, known as the Ne
Plus Ultra, also good producer of
lead carbonate ore, has been bonded
by the American Smelling & Refining
company of Salt Lake. Another prop
erty that is attracting much attention
is the Nevada Alpine mine at Lone
Mountain, about 10 miles west of Ton
opah, owned by the Lynch-O' Meara
syndicate of Salt Lake, of which T.
J. Lynch, of Tonopah, is manager. The
property has produced over $250,O00
worth of ore averaging from As to Sc
per cent lead and from 225 to 27O or
silver a ton and has 100000 worth
of ore in sight. Last week what is be-
lieved to be the main ore body was
cut in a tunnel 600 feet long, carrying
practically the same values with a
small percentage of copper and giving
every indication that an immense ore
body will be opened up. The develop.
ment has inspired renewed confidence
in the district.
At Goldfield the sensational Reilly
lease on the Florence, in which c. M
Schwab and John McKane owned an