The Daily Missoulian., 1909-05-14

by the holders of the stock, which is
worcestershire, 12 months more would
be given the stockholders to operate
the property. The assessment was to
constitute a bond to that extent in
favor of the stockholders putting it
up.
This agreement, it is said by the
stockholders, has betn repudiated by
SWeeny, former United States Sena-
tor George Turner and the federal
company. Turner said a few days
ago that the bonds will be foreclosed,
but he would give out nothing as to
the further course Of the Guggenhelm
interests in the matter.
Mining men in the Kootenay dis
ing to the once prosperous Lardeau
country north of the main Kootenay
lake. Some of the richest gold-bear-
ing quartz ore ever seen in the
province was discovered on Poplar
creek few years ago and it resulted
in big rush OF prospectors. The
strikes We're not maintained and
after the fiasco of the overcapitalized
and badly managed Lucky Jack the
country received a setback from
which it is only just recovering.
A property known as TIVE Mobbs
group on Rapid creek in the Lafdeau
district is making some excellent
showings as the result of extensive
development work by it's owners, a
| syndicate Of Boston men. The ftssure
leads are strong in free gold While
the formation is of gold-bearing quartz
and galena. One vein is three feet
J in width and second averages two
feet. A galena vein at depth of ITO
feet shows values of $16e gold, 95
/ ounces silver and a high percentage
4 of lead. A stamp mill of large capac-
! ity will be installed shortly.
/ Other Lardeau properties which will
resume work within the next few
months are the Hecla, the Calu-
met and the Morgan and Gilbert
mine on Poplar creek Another sign
of activity is that a Philadelphia syn
| dcate under the management Of w.
Stead, has made arrangements to in
stall huge hydraulic dredger on the
Lardeau river near Gold hf1l and to
begin placer gold work.
! Advices from the Sheep Creek dis
trict British Columbia, received in
Spokane, show that the gold output. in
April was about s65,ooo, chiefly made
up of five bricks, two Of which were
from the Queen, two from the Mug
get and one from the Columbia, on
which a 14-stamp mill was installed
a short time ago. The Columbia is
being operated by a group of New
York men represented by J. l.. War
ner. The purchase price, of which
several payments have already been
made, was $4,000. The Queen mine
is installing cyanide process plant
knows as the shines pattern, invented
by H. Nichols. manager OF the Ymir
Gold Mines, limited.
tcaBvjoar, In5Mcmf emf emf cmfwy y
Reports from Greenwood are that
the 3. C. Cooper company's smelter
and mines there have been compelled
to close owing to lack of fuel caused
by the strike in the Crows Nest Pass
and the Nicola valley country. -Four
hundred and thirty men are thrown
out of employment. AS most of the
men are leaving the camp it is feared
that there will be a serious shortage
of labor in the Boundary district when
the smeter and mines resume.
The Second Relief mine at Erie has
installed a 10-stamp mill. Shipments
from the property which was recently
bonded by a group of Wisconsin men
and which is under the management
j of w. b. Hudson, will begin early in
June.
, The silver Kink mine at Nelson, r
G., is temporarily closed down after
shipping for several weeks.
China buys from Japan about three