Fergus County argus. [volume] (Lewistown, Mont.) 1886-1946, 1905-12-01

st: Louis. Nov. 27.-Lead ore sold
q the highest price in Is years IL
missouri when sales were made today
ct $3.50 per hundred pounds. The ad
vance In lead ore is attributed to sew
eral cases, chief Of which is the re
Striction In production in Missouri
another cause Is said to be the fact
that the leading governments of the
world are buying lead for military
purposes, and immense quantities are
being used for coverings for electric
underground cables everywhere.
Recent advances in silver bullion,
which recently sold at the highest
price In five years, have directed the
attention of monetary experts to the
question whether Mexico will meet
Its silver reserve carried against note
circulation and sell it for gold, thus
establishing a gold reserve. Further
advances in the price will make the
Mexican silver currency worth more
as bullion than as currency, says the
New York Herald.
Bar silver recently advanced to 20
n pence in London and to SO 1-8 cents
49, OAASO Ia 4NVW xOXAs u0S0 are
the highest prices reached since 1900.
The demand for silver is steadily in
creasing from the far east, India, AS
Ia and southern Europe.
Dredges in the Alder section are
still at work and will continue we'll in
to the winter. The Conrey Dredging
company has begun work On a big
electric plant within the limits of the
town of Alder, it being located direct
~ at the end of the "Y." A large
force of men are at present working
On the excavation for the foundation
and basement, and they are having
considerable difficulty. It is neces-
sary to go to gravel for a good foun-
dalton, and in that country the soil
is unusually deep and the water is
close to the surface, so the workmen
are digging in sloshy mud the great
er part OF the time, making operations
anything but agreeable. The report
IN Alder is that the plant will be one
OF the most complete in the state and
the dynamos to be installed will be
fsuch capacity that they can fur
nish power not only for the dredges
at present at work, but for others
which are contemplated. During the
R~soN y Se%A Va 0O CAC NuCSllOu VI DOWGr
has been one which has seriously vex-
ed the management of the boats, and
a number of surveys of available sites
for water power were made. These,
it seems, have all been abandoned
and the company has decided that a
steam plant best suits it's require
nlents.
Fred ThurstOn, of the Mammoth,
and Andrew Laden and Samuel Arth-
III, of Butte, have sold the Cliff mine,
to Ohio capitalists for $4,000 cash,
the sale having been made several
days ago. The purchasers secured a
lease and bond On the property last
fall, and between that time and the
date on which the bond was lifted
they drove a tunnel 400 feet on the
vein with a view of determining the
extent of the ore body. That the vein
did not "peeter" out is evidenced by
the fact that before the lease and
bend expired the property was bought.
The new owners have let contract
for driving an additional 800 feet.
The Cliff was located by Messrs. La
den Arthur and Thurston in 1897.
The exact figures for the Yukon gold
759,904.80, based on an average of SIG
to the ounce. This is higher than that
credited to the Tanana district, but
below the Nome district output.
The gold production of the Indian
mines in October amounted to 51,2S7
ounces, making total for the ten
months of 511, 1O5 ounces, which is an
increase of 6,874 ounces as cOmpar-
Ell with the corresponding period Of
1904.
The Queensland gold output in Oc-
tober amounted to As, 800 ounces, max
ing 482,078 ounces for the ten months.
Dividends paid in october were $685.
900.
New South Wales produced 37,187
ounces of gold in October, making a
total of 267,O66 ounces for the ten
months, as against 247,495 ounces in
1904, showing an increase of 1851
ounces.
Rhodesia's gold production in 90
tober was somewhat less than Septem-
Der, amounting to 1888 ounces, max
ing a total of 337,O71 ounces for the
455 ounces in 1904. The increase this
year is equivalent to 1866 ounces.
The Ellison district is enjoying a
season of unusual activity and reports
are encouraging for winter run. The
Kineo Mining company, which owns
several claims on the west side of Mig
ger hill, is doing a great deal Of de-
velOpment, and other owners are also
busy. The claims of the Kineo COM
pany are only 800 feet from the Lit
tie Blackfoot river, where the COM
pany has a fine milling site and wa
ter for power. There is good grade
and wagon road from the mine to FL
liston, a distance of six miles, and ore
and concentrates can be put on cars
for $3.50 per ton. The property con-
sists of seven claims, covering a large