Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-09-10
to The Tribune.

Butte. Sept. 9.-Executives of the
Anaconda Copper Mining company and
tbe Davis-Daly Copper Mining com
pany began a conference here in an
endeavor to amicably settle a contro-
yersy over claims to mining ground
estimated to involve several millions
of dollars. 1t is an effort to settle
the ground dispute without litigation,
and persons interested in the mining
game will be pleased to know that both
companies are doing everything pos
sible to effect a settlement. More
than 200 900 of the outstanding $780,
600 shares of the Davis-Daly company
are held by Butte, Anaconda and
Great Falls individuals in small lots.
The largest individual stakeholder of
the corporation is a Butte man. G. +.
Kelley. president of the A. c. NJ. COM
pany, and Hiram w. Burton, president
of the Davis DAILY, together with legal
and geological experts, are taking part
in the conference, which is expected to
last several days.
At a recent meeting of the directors
of the Valentine Mining company, it
was decided to place on the market a
block of treasury stock to provide
money for development work. The
Valentine is situated about five miles
from De Borgia, Mont. A crosscut
has been started to the vein and is
now following a stringer which carries
some ore. 1t is expected that the vein
is at present about 125 feet distant.
The Valentine is controlled by a New
Jersey syndicate.
The annual meeting of the Stewart
| Mining compan and the Nabob Con-
solidated Mining company, controlled
by the Stewart, was held in Kellogg,
! Idaho, last Tuesday. The plans of the
Stewart company with respect to re
sumption of operations by the Nabob
are outlined in a letter signed by j. b.
Harrington, dated New York. The
letter follows in part:
1--WE are pleased to say that work
was resumed at the Nabob mine about
| the first of June, and since that time
development work has progressed
| steadily, and, while the price of metal
| has not yet reached that point where
we feel warranted in operating the
mill. at the same time the develop
ment work assures US of considerable
high-grade ore, which will be very ad-
vantageous in milling the general run
of the mine. as it will bring the mil
| feed to a value where n profit is as
sured even at a low price for lead and
zinc.
Operations since work was resumed
have been under the direction OF
William A. Beaudry. who for many
years was the general manager OF the
| Stewart Mining company at the Stew
art mine, and the success OF the Stew
- - 1000 - n rarw loPnn nvfnnf
| due 70 the ability of Mr.. Beaudry.
Ore Is Exposed
DEVELOPMENT on surface of Den
yer claim has exposed ore at intervals
| nearly full length of claim and proves
estimated tonnage made in my 1870
report and ore to be better grade in
| both lead and silver near surface than
anticipated. Nearly every cut or
vein encountered some carbonate, but
| changed to high grade lead-zinc sui
phide in few feet length. Said ore
could be shipped direct to smelter by
putting in equipment to transport
same to road, but would be more prof
liable to mine by raising up from the
Denver level and operate mill with
lower grade ore. sorting high grade at
belt at mill. Am now running inter
mediate level between Nabbo and Sid
ney level and starting raise from the
Denver level for purpose of making
another level 100 feet higher up. BY
this development will be in good shape
to keep mill going.
See Good Results
THE management feels that the
Nabob mine is developing slowly but
surely. and before very long the mill
can be put in operation and run to Its
capacity on a profitable basis. Gen
eral development in the Pine Creek
district warrants great confidence not
only in the future of the NabOb mine,
but in all the surrounding property,
and there seems to be a feeling that
sooner or later a number of these
properties will be merged into one
large mining company, which con-
solidation would only be possible by
control of the Nabob mill"
At the meeting of Nabob stockhold-
ers in Kellogg the following directors
and officers were elected; ]. F. Har-
rington of New York. president! Joht
l.. Williams of New York. secretary
and assistant treasurer; j. E. Code
and r. A. Lippert of Spokane and f
W. Mccarthy of Occur d'Alene. The
meeting of stockholders of the Stew
arr NtiulHR CuLupdHy Wde duJouAht'
for 60 days, as there was not suffi
cient stock represented,
Mining men OF Montana will be par
ticularly interested to learn that
syndicate of San Francisco capitalist
will exercise their purchase option o.
the Jib property In Jefferson county
In a recent article in the San Fran
cisco Chronicle the news Of the occur
renee was printed on the financis
page under a big headline. Judging fror
the prominence given the article ar
the detail contained therein, particular
; " as to the names Of those connecte
with the concern, many of them bejn
/. the most prominent men on the Pa
; cific coast, there is every reason {
/ believe that big things are in stor
' for Basin, one of the oldest mimi