Fergus County argus. [volume] (Lewistown, Mont.) 1886-1946, 1906-03-09
/ AMONG THE MINERS
II LATEST NEWS FROM THE TIMING CAMPS OF
II FERGUS COUNTY AND ELSEWHERE = =

Large deals, like large bodies. move
slowly. There is nothing new to re-
port in regard to the deal said to be
on for the sale Of the control Of the
Kendall mine, and If the report IL cor
rect, it will probably be some time
before anything is definitely known
regarding it. Meantime. the usual de-
malls and explanations are in order.
It appears to be generally accepted
as fact that even though a deal is
pending, nothing whatever has been
closed up.
Manhattan, New, March 8.-A thriv-
ing, busting city Of 5000 souls. the
product of six weeks growth, is what
Manhattan boastfully presents to the
mining world today. One mile Of SOL
idly built street erected in three
weeks and one and one-half miles in
six weeks, is probably the record for
rapid construction, at least in this
SGctlOn OF the country.
During "a hours Manhattan is
awake. In the daytime everybody is
busy; there are no idlers here. From
early morning until late at night the
sound of the carpenters hammer and
sew browns all other sounds. At dusk
the real Manhattan discloses itself to
view, and the stranger imagines him
self back in the days which are told
Of in the "reminiscences of men who
acted these same scenes.
of John D. Ryan say that to him rather
than to any other person is due the
credit for bringing about peace in the
Montana copper field.
Mr.. Ryan was given absolute power
to negotiate with Heinze concerning
every important detail. Even Mr..
Heinze himself is understood to have
expressed some surprise at the extent
to which Mr.. Ryan grasped every
phase of the situation and Of the pow
er eidently given him to speak and
act for Mr.. Rogers.
The new owners of the Heinze prop
critics now embraced in the $16.0G0..
600 capitalization of the Butte COali-
tion Mining company expect that by
1907 these mines can be made to pro-
duce between 4O,O0O.O0O and 5O,0OO.-
900 pounds of copper per annum and
that, by 1908, the output can be
brought up to 100000 pounds, at a
net cost of not above 10 cents per
pound, treating the ore in the Washoe
smelter of the Amalgamated Copper
company. It is possible that the
Heinze smelter will be dismantled.
The new owners of the Heinze prop.
elty place the current net revenue Of
these mines at 100000 per annum,
derived from an output of about 3d..
100000 pounds. The Amalgamated peo-
pie seem confident that the organiza'
ton of the Butte Coalition Mining
company will add 100000 per an
mum to the net revenues of the Anal!
gamated through the elimination Of
al. litigation, and in increased eff
cheney and custom work for the Wa
shoe smelter. The large interests In
the Butte Coalition expect the stock
will soon establish itself around 8
quotation of $40 per share.
the exhaustion of the worlds present
iron ore sources, according to DR.. G
Kenneth Leith in a lecture delivered
before the Geological Survey in Chica
80 last Friday evening. Professor
Leith declared that the present known
deposits of high grade ore in the Unit
ed States will be exhausted in com
paratively short period of time ant
then the low grade deposits will b.
drawn upon, with the result Of chang
ing the geological location of the grea
steel and iron plants of the country
ut is probable that the entry Of Low
grade ores into the iron industry will
have the effect of bringing the ful
naces nearer the base of SUPPLY" sal
DR.. Leith, "and this means the re
moval of the iron centers from Pitts
burg and other eastern points to Chi