Custer weekly chronicle. [volume] (Custer City, S.D.) 1890-1931, 1906-11-24
Mining Deals IN Custer.

As we announced in last weeks issue
of this paper, there are more mining
deals on the tapis at this time than at
any previous time in the history of the
district. While it is premature to speak
of some of these Just now, there are
others which have proceeded far enough
to justify removing the ban of secresy,
and we may freely tell our readers what
has been and what is being done.
Briefly then the Granite Reef group
of mines has been sold on four months
bond upon which one thousand dollars
was paid down and the balance of
$20,00000 will be due in March, 1907
This property belongs to c. w. Robbins,
James Demereau and A. 7. Feay. There
are in the group ten full claims and two
fractions, together with water right and
mill site, all of which by the terms of
the deal will pass into the hands of Mr.
Il. q. Gillespie of Pittsburg, Pennsyl-
vania. Mr. Dan. McGonigal is hisagent
here.
The Lillian Belle group of mines are
under negotiation and will probably be
sold to Mr.. Gillespie. The amount has
not yet been agreed upon. This proper.
ty which consists of seven claims ad-
Joins the Granite Reef on the north and
carries the same belt of veins The
mines have been incorporated and the
majority of the stock is held in the
hands of Mr. Charles Harbach, Charles
Smith, w. Ii Palmer and few others
Mr.. r. Bond is working his mine of
ambligorite and while he has not yet
sold the mine he is taking out the lithia
rock and delivering it under contract to
the railroad at $500 per ton. Mr.. Her
man Reinbold promoted the deal and
Mr.. Charles Meigs of New Jersey is the
purchaser.
The mica mine known as the White
Spar owned by w. ". Olds was sold last
week to the Westinghouse Electric &
Manufacturing Company, who also
bought the mica mine belonging to Mr..
j. l.. Mckenna, situated on Crow creek.
The amount paid for each has not been
given out but the deal WAS for cash.
The mica mine belonging to Mr. Chas.
Baty is also under negotiation and will
no doubt be sold. This mine 10 situated
a little south Of Sylvan Lake and was
formerly known as the old Towner mica
mine.
The Fairview mica mine belonging to
Mr.. Frank Mclaughlin and others is un
der sale and will probably change hands.
This property is situated eastofthe town
Of Pringle and north of the residence Of
Mr. Mark Thomas. 1t was quite fam.
Gus producer of mica in the early days,
and is quite well developed.
The Newark group of gold claims in
Guiding the Turk group, 81 claims in all,
is under bond to eastern parties who
are expected soon in Custer to close the
deal. Mr. Dan Baker has been the ef-
ficent promoter of the deal. The prop.
erty is in the hands of Mir. Henry Pilger
of this place.
There are a number Of other proper
ties under sale, but it is too early to
speak Of them at this time. We may
have more to say about them in our
next issue. Stand together boys, let
there be knocking, don't hold your
claims to high, let the man with money
make the big money. They are bound
to do it any way. What can we do with
a mine when we cannot buy machinery
to equip it? We must sell it SO when
you get fairly reasonable offer let go,
that is our advice.