Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-10-06
Cents Per Word
Mining News From Butte
and Other Ore Centers

ments and to insure the payment Of
regular quarterly dividends. Produc-
ton has been proceeding at the rate
of 500 tons of crude and concentrated
lead silver ore and 300 tons of zinc
concentrates monthly since January !.
All shipments are being made to the
Consolidated Mining and Smelling
company at Trail, B. G. 1t was stated
that reports from the mine were salts
factory.
George III. Allen, vice president Of
the Buffalo branch of the American
Brass company, is in Butte on his way
to Canada. He is here for a brief visit
with officials of the Anaconda Copper
Mining His trip is one OF
pleasure as well as business, and De
stated that he was greatly pleased at
the opportunity of seeing the west at
it's most a~lluring season of the year.
James J. Corrigan, in charge Of the
zinc properties for the Anaconda Cop
per Mining company, left Sunday for
Cleveland to attend the annual con-
yention of the American Mining con-
gress, October 8 to IA. He is making
an early start SO as to be able to visit
relatives and friends in Michigan and
Illinois.
The Jardine Mining company, with
properties at Jardine, Mont, an
nounned an increase of Is cents a dag,
commencing October /. Harry Bacorn
of this city is general manager OF the
company.
Charles s. Herzog, well known New
York mining man, who, with John Mac
Ginniss, former Butte mayor, and
others, holds a controlling interest In
the Independence Lead and many
| other properties, passed through Butte
| recently on his way home after an In
spection trip of the properties In tina
Occur d'Alene district. He takes u
, very optimistic view OF mining ccndl-
tons all over the country and ex-
pressed IN opinion that a real boom
was in sight.
Mr.. Herzig said that ore had been
| developed for 20 feet in the No. 3 tun-
mel in the Independence, and develop
ment work was to be undertaken Id NO.
4 tunnel, which was run by the late
F Augustus Heinze. He says /. cuts
two well defined veins, one OF which
carries a streak of high grade silver
. and the other the usual characteristics
of the lead veins. He visited the Sue
cess property and said that the new
body of ore recently discovered there
would create a sensation in any min
ing district.
Plans for the reorganization of the
Snowstorm Mines Consolidated have
been perfected. They will be executed
as soon as articles of Incorporation for
the Snowstorm Silver Lead company,
the title OF the new company, are ap-
proved. The new company will be in
corporated for 100000 shares having
a par value of 81 a share. The old
company was incorporated for 2r5OO,0OO
shares at 25 cents a share. Under the
reorganization plan, the stockholders
of the old company will receive 156,25O
shares of the new company. according
to Leo Greenough, president and gen.
eral manager. The treasury of the
new mpa will be fortified with
; 500. 900 shares, and the remaining
Il 1913. $50 shares will be used in paying
for the mine and in redeeming the out
, standing notes of the old company.
, THE Snowstorm Silver-Lead com
|, pany will have % per cent of its stock
said Mr.. Greenough. at will have
, clear title to the mining properties and
equipment at both Troy, Mont, and
Larson. Idaho, and will be free from
, debt of any kind. The old company
; was in bad shape financially and its
: options were overdue and it had not
: been paying royalties. The new com
= pany viii begin with a clear title and
> sufficient stock to finance its opera
tons. 1t will be up to the old COM
=, pany to distribute stock of the new
company to the stockholders of the old
{ The incorporators of the new company
are about the same as the officers Of