Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-11-05

not been changed. He stated that he
expected to be called TO his home in
this city in n few days, and that while
here he would make arrangements for
q compressor and all other necessary
equipment.
The second car of ore from the Sun
set is now being loaded at the Bum
station for shipment to the Bunker
Hill smelter. Unless the snow be-
comes SO deep that the road cannot
be kept open, Mr.. Rachman expects to
continue shipments during the winter.
He is now doing surface work on the
big ore showing mentioned a few
weeks ago, and says the ore is three
or four feet wide of shipping grade.
better than the former shipment which
IA taken largely from the dump.
At the present-rate it is estimated
that in Is months the full amount Of
20S, 900, 900 ounces of silver will have
been purchased by the government to
replace the amount withdrawn during
the war. The purchase of the silver
of domestic origin is required by the
Pittman act at the fixed price of 81
an ounce. When this amour has been
restored to the treasury the law fix
llE lit tFdcFs 10 tla oAlN
the price of domestic silver will be
established in the open market the
same as foreign produced silver.
Various plans have been proposed
by the friends of silver to maintain the
price at not less than 81 per ounce.
Independent of legislative action. and
it is possible that efforts in his dlrec7
ton may prove successful. On the
other hand Senator Pittman, author
of the law which bears his name is of
the opinion that world demand for sill
yer will raise the price above 81 be
fore the government purchases are
completed when obviously no more
silver would be offered the government
and the Pittman act would still stand
as a protection against a price below
81 per ounce.
In the meantime. Il. Macbeth, sec
Rotary of the Idaho Mining association.
calls attention to one phase OF the
silver question that should appeal
strongly to the west. and particularly
to those who are in any way ldentl-
fled with the mining industry. 1t IS a
matter of common knowledge that dur
ing recent years, there has been n
marked increase in the circulation OF
silver certificates and Il corresponding
decrease III lIt ClItliiSltIoA VI ~ ei
dollars. This tendency TO substitute
paper money for silver is decidedly
Detrimental to the cause Of silver, and
to offset this and create a more
friendly attitude toward silver as Il
money metal. Mr.. Macbeth hopes to
start a movement that Will create a
demand for silver,
Crevice gulch gold lnines in Park
couny promise o develop inc some
thing worth while in the near future.
Crevice gulch will be remembered by
c!d-timers as one of the properties III
which the late T. D. ~Edgerton was
interested. 4 mill WIS built there to
treat the ore and considerable develop /
Elent was made, but nothing of per-
manent value was made available.
The gold values were found in
numerous places and were very good.
Some tungsteus were also found, but
the saving in the old stamp mill
proved to be too small. Nav
it seems 4 new company has taken
hold of the Crevice guleh gold mines
and there is every probability that
they will be developed into really. pay
ing properties. In fact, it is the belief
of the new people that one of the
biggest gold mines in Montana is IN
course of development at Crevice
mountain.
Among the new people who have be-
come interested are L, Il. Moss ot
Billings and Don T.. Davenport of
Helena. They have laid out a COM
prehensiye plan of development and
expect 70 continue throughout the fall
and winter months. BY next season
they hope 10 have enough ore de
to justify a large mill and
,Irnnr+y,tinr p1nnr tlrn Snti1TfpHf m /
Justify a plant of 100 tons is said to
be in sight at the present. time. Grew
ice mountain ore is well remembered
as the richest d-b%earing of any
found in southeastern Montana.
The leading interest quoted 6La
for lead at New York and $50
cents Il pound ar st. Louis all last
week. The independents were asking
from ) to 10 points higher at both
places. but later dropped their st.
Louis quotations down to the level of
he leading interest. Declines in de-
nand and increase in offerings is re-
sponsible for the easier tone in st.
Most OF the, large producers
IRE out of the market, not for the
.eason that they are holding for
higher prices. but because they are
difficulty in filling their present
commitments. Although the market
: not active. it is quite firm at pres
mt priee levels.
.Zinc advanced from Ga cents to
$50 to 600 cents at st. Louis, with
he plus 35 points differential for
lew York still operative. Both gal
and brass manufacturers are
heavily. Present demand
s confined to November and Deeen,-
,er shipments. while car shortage is
still the limiting factor among both
and producers. Another
'~eaction this month is not looked for.
The feature of the market was the
advance in London, despite the
upheayal. In that market
asst week. spot advanced considerably.
The fact that futures did not advance
Is rapidly as futures is taken in seme
quarters as an indication that liberal
~unnlies of Australian zinc are avail
bile for future delivery.
The Boston & Montana Develop- 5
nent company, operating properties ut
lie Eikhorn mining district. has
transferred all its property to the :
IL Montana CORPORATION. the e