Custer weekly chronicle. [volume] (Custer City, S.D.) 1890-1931, 1905-10-07
Mining Items.

car load of machinery for the new
ten-stamp mill at the Clara Belle mine,
near Oreville, passed through Custer
Tuesday.
The annual meeting of the Saginaw
Gold Mining company, which was to
have been held Oct 4th, has,l ,lbeen post.
poned to Oct. 18th, 1905.
Mr.. A. ]. Goldstein and wife of Syra-
cuse, n. z, were arrivals Thursday
evening. Mr.. Goldstein is one of the
parties who some time ago bonded a
group of gold mining claims near Four
Mile from Joseph Pyne, Geo. W. Smith,
Fred Russell and others and, we under
stand, comes for the purpose of starting
development work on the property.
Work will probably be commenced in a
a few days.
The annual meeting of the stockhol-
ders of the lvanhoe Mining and Milling
company was held in Keystone last week.
The following officers and directors were
elected: President, Dr. Ii. F.. Ratte
Vice President, w. f. Plat; Secretary,
Z. j. Sine; Treasurer, c. p Doney. Di-
rectors--C P. Doney, Chas. Stevenson,
w. E, Platt, and Chas. Dodge, of Indian.
apolis, Ind, DR.. II. F. Rate, j. w. Dor
man and G. j Sine.
Last Saturdays Lead Call reports a
very rich strike on the Bumblebee mine
in Yellow creek district. Assays made
from the ore show the remarkable re-
turns of from $1,000 to $4,000. The fact
that the ledge being opened out, is in
dicating that it is an exceptionally
strong one, the assays tell a story which
is staggering one. The fact that other
ores in the vicinity have run as high as
500, and have shown every indication
of being exceptionally rich lends color
to the claim that this new reported
strike is bona fde one, which will
soon set the mining interests in that dis.
trict in furore of excitement.
REPORT OF HoMEsTAKE co.
The yearly report by Supt. Grier, of
the Homestake company, for the year
ending June LIST, 1905, has just been is-
sued. Following is given summary re.
port with the statement, in full, Of Supt
Grier, addressed to the general officers
of the Homestake company:
Another fiscal year in the life of the
Homestake ends today. During the
twelve months now closing. no mishap
to the property of special importance oc-
Cured. Developments in various parts
of the mine progressed steadily and sat
isfactorily The ore at the 1850 foot
level has just been reached and is now
being prosecuted. The Ellison shaft
has been sunk to 400 feet, and the work
of opening level at that depth begun.
The B. & NJ. shaft has attained depth
of ,250 feet; the Golden Prospect, 900
feet; the Old Brigg and the Golden Gate
remain at 500 feet and the Golden Star
at ! 100 feet. The plant generally is in
fine condition, and everything about it
is running smoothly, with ore reserves
for great many years.
The statement showing the business of
the year is summarized as follows: The
total receipts for the year were S. ,3O2, ,33S.
OF this, the receipts from bullion sales
were 1921 ,0S9,30 The balance were
the receipts from auxiliary enterprises.
During the year, 1898, 100 tons of ore
were mined and milled from which
there was obtained the value in bullion
above stated. The average valuation per
ton was 1874
Exclusive of salaries and operating
expenses of the cyanide plants, dead
work and the Ellison hoist, there was
paid out for labor during the year, almost
two millions Of dollars as shown by the
report.