Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-10-06

duction on account of construction and
development. The preceding quarter
the earnings were $175,257 and in the
corresponding quarter last year, the
profits were $176,O34.
At the special meeting of stock
holders of the American-Commander
Mining company in Mullan, Ida, the
proposition to increase the capital stock
from 100000 shares to 100000 re-
ceived favorable action and the di-
rectors were authorized to make the
change at once. The addition of So
600 shares to the treasury of the COM ,
pany will be used to finance further
near the east end of the American
development.
At this time q crosscut is being run
Commander ground to determine def
nitely the position of the vein and this
will be followed by further work in
tunnel No. 1. These operations are in
the nature of prospecting, and a neces-
sary preliminary to permanent develop
ment, which will be taken up later In
tunnel No. 3.
Development of the Russell vein by
the Marsh Mines Consolidated from
the thirtieth floor of the Hecla mine
workings is showing good results, &C
cording to T. G. Moore, engineer of the
Marsh company. He stated that the
vein which was encountered east of the
fault a short time ago., had been drift
ed IN for So feet and widened from a
few inches to five feet. 1t is wider
than the drift. according to Mr.. Moore.
General characteristics of the vein con-
form in nearly every essential to the
vein west of the fault in the Hecla
workings, which produced the vast ore
body, and from all indications the vein
is the north segment of the Russell
vein. The drift will be continued and
prosecuting to the south, to pick up
the other segments will be deferred
for the present time.
A 1O-inch streak of solid galena has
been struck in the face of the inter
mediate drift of the Rex Consolidated
mine, according to Raymond Guyer,
cent lead and % ounces of silver to
the ton. The remainder of the face,
nearly three feet wide, assays % per
cent lead and 7.36 ounces Of silver,
according to Mr.. Guyer. He also stated
that this drift has been run so feet
and has improved with every round,
and the ore is the richest found In the
Rex mine. The management is hopeful
of developing a commercial body. The
immediate territory has not been pros
pected.
Mr.. Guyer recently returned from
Chihuahua, Mexico, where he had beer
on business and with reference to that
country he said:
80 far as mining is concerned, ii
makes little difference whether Mex.
to- 80 ronnUni1aI hr fhn TTnitaH SfataS
Everything is In flourishing condition
in the mining regions and many of tht
properties were operated all during
the revolution. This was true IN Chi
huahua, which was under the govern
orship of Francisco Villa at one time
and in which the American Smelling
and Refining company is mining ant
smelling on a large scale. Recognition
would greatly facilitate negotiations
for money were it sought in the east
/ saw no reason for fear. Money fol
payrolls is carried by one man in +;
Ford car from the railroads TO tn
mines and the sums range from 500,
600 to $4,000 in silver and gold. Tn
people in that country are hospitabl,
and courteous
The Jay Gould tunnel, which wa
! run years dsO LOW II Coy oVoA'
vein, is being retimbered preparation,
to extending it to the big lead whicl
is about 1900 feet distant from tn
face of the tunnel. A. B. Cook, tn
: well known contractor and ranchma,
of Broadwater county, Is responsible
! for the new work. and he is doing !
: in his well known thorough manner
) In a short time the retimbering Wi
be completed and then the work o
s driving ahead in new ground will pro
> coed as rapidly as possible.
The tunnel when completed will Gu
the vein at a depth of LOO feet yer
y teal. 1t will be nearly a mile lon
:, and will be deeper than any working
formerly made. The Jay Gould wa
: one of the sensationally rich mines o
Stemple district, north of Marysvillt
some wears ago and with the compile
I tion of the tunnel the expectation j
Q that il will enter on a career of pro
; ductivity unexcelled in this section Q
o Montana.
: Some good business in copper is |
nrospect, as several large inquire
have come out from brass makers an
wire drawers. The copper industry
fortunate in that it passed through tn
crisis caused by two strikes much MOI
smoothly than did the steel industr.
e where many units were closed for lac
e of fuel.
d A stringer containing galena is b.
ing followed by a crosscut being drl'
en- on the property of the Vaientir
q Minir~ company in the east Coe'
, dA' .e region of Montana, accordir
II to Joseph Themes, vice president
the company. Operations have bee
proceeding for 10 days and will be COZ
tinued to the main vein, 100 fe'
70 ahead. The crosscut has been drive
$50 feet and has attained a depth
200 feet. The disclosure of importal
If conditions is expected on arrival
/ the vein.
A dividend of S25.00O was declare
!. by the Silversmith mines at a meetir
held by the board of directors. TIL
Of is at the rate of 5 per cent on Il
4 Capitalization or a cent a share on Il
g stock issued. Payment was made q
~ tober 1 to stockholders of record Sc
tember %. The disbursement W
or increase the total of disbursements
$4,000. two other dividends of S2s
:. 600 each having been paid.
- The declaration of a 2 or 3 cent oil
idend was not favored, the conclusi'
being that the best interests of Z
ty COMPANY required the retention of !
y, ,,r,l,a md the huilding of a substa